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Lakers announce Steve Nash deal

Updated: July 11, 2012, 7:01 PM ET
ESPN.com news services

The Los Angeles Lakers officially announced Wednesday their acquisition of two-time MVP Steve Nash from the Phoenix Suns.

As part of the sign-and-trade deal, the Suns received first-round draft picks in 2013 and 2015 as well as second-round draft picks in 2013 and 2014.

Nash received a three-year deal for an estimated $27 million, sources told ESPN.com's Marc Stein last week. The 38-year-old Nash, who spent the past eight seasons with the Suns, was a free agent but ...

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