TRADE: 3 team deal, Rafer to the Magic

[Glenn]

3:05 p.m. ET

Marc Stein: Looks like we have a fairly significant three-way deal that has been submitted to the league just before the trade deadline.

NBA front-office sources tell ESPN.com that Orlando is acquiring Rafer Alston from Houston to fill the void created at point guard by Jameer Nelson's shoulder injury.

The Rockets will receive Memphis guard Kyle Lowry, Orlando forward Brian Cook and perhaps two other minimum-salaried players to make the finances work.

The Grizzlies will receive a first-round pick from Orlando.

I called it, btw.

[Kstat]

A 1st round pick for rafer alston. Ouch.

[Timone]

lol. Jet thinks this move puts Orlando ahead of Cleveland.

[Wilfredo Ledezma]

Not one of Otis Smith's better moves.

Actually, maybe it is.

[Uncle Mxy]

A 1st round pick for rafer alston. Ouch.

It's called Rafer Madness.

[Wilfredo Ledezma]

Also, Adonal Foyle & Mike Wilks went from Orlando to Memphis in this deal.

Apparently that happened later.

[Zekyl]

lol. Jet thinks this move puts Orlando ahead of Cleveland.

They switched from Nelson to Alston, essentially. How does that put them ahead of anyone they were previously behind?