Sporting News Awards Pat Riley Executive of the Year Honor

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In a span of about three weeks, Riley pulled off six transactions that have forever changed the league:

June 23, 2010: Miami trades Daequan Cook and a first-round draft pick (No. 18) to Oklahoma City for a second-round pick (No. 32). In doing so, Riley gets rid of the $2.2 million the Heat would have owed Cook, plus the more than $1 million they’d have owed the draft pick.

June 29, 2010: The Heat and James Jones agree to a buyout on the $1.9 million left on his contract. Jones agrees to take the buyout spread over three years, creating an extra bit of cap space. The Heat would later re-sign Jones.

July 8, 2010: The Heat agree to trade Michael Beasley to the Timberwolves for two future second-round picks, and the deal becomes official a few days later. The move gives Riley another $5 million in cap space.

July 8, 2010: The payoff: After already sealing deals with Wade and Bosh, James goes on national television to announce that he will sign with the Heat.

July 9, 2010: The Raptors announce that they have acquired two future first-rounders and a trade exception in a sign-and-trade that officially sends Bosh to Miami.

July 10, 2010: The Heat complete a sign-and-trade agreement with the Cavaliers that sends two first-round picks and two second-round picks to Cleveland for James.

Read more: http://aol.sportingnews.com/nba/story/2011-05-03/sporting-news-executive-of-the-year-pat-riley#ixzz1LQFsts3r

http://aol.sportingnews.com/nba/story/2011-05-03/sporting-news-executive-of-the-year-pat-riley

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