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Lakers select Patrick Beverley with 42nd pick in NBA Draft... THEN TRADE HIS RIGHTS TO THE MIAMI HEAT

June 25, 2009 |  8:16 pm

UPDATE to the UPDATE (8:57 PT): The Lakers have traded the rights to Beverley to the Miami Heat for cash (they really dig that guy) and another future second round pick.  Again, the Lakers are raising money to help bring back the guys they want, sacrificing rights to players they don't need.  Solid move.  BK

UPDATE:  More on Patrick Beverley... He's a 6'1" PG who played his high school ball in Chicago, then two Patrick Beverley years at Arkansas before leaving because of academic problems, earning Second Team All-SEC honers as a freshman, along with being named Freshman of the year.  As AK notes below, he was in the Ukraine last season, and regarding the possibility of staying overseas again next season, Lakers GM Mitch Kupchak said "It's something that remains possible," but will need to be discussed with Beverley's agent. 

Regarding the sale of LA's first round pick to the Knicks, which also comes with a second rounder in 2011, Kupchak said the money doesn't guarantee LA will be able to re-sign FA's like Trevor Ariza, Lamar Odom, and Shannon Brown, but that the money obviously doesn't hurt.  "We think we did the right thing, based on our take of the draft... This year's draft we felt was not a strong draft down in the 29 range... We felt rather than take a player and commit to a player for two years when based on last year's roster that he wouldn't make the team, we thought the best thing to do was to get the best deal, and the best deal ended up being the combination of (the money and the pick)...

...I don't know what the market's going to be... I don't know what the free agent market's going to hold for us.  Even though you want a player, if a competing team comes out and makes an offer that we don't think is a good basketball business decision, than it doesn't matter how much money you have, we won't match that or try to match that offer.  We've done that in the past.  The fact that you sell a pick... doesn't necessarily mean that it's going to translate into a particular player on July 1st.  It certainly won't hurt, but the players that we end up signing we feel they have to fall into a category that makes sense."

ESPN went to commercial during the Lakers' second round pick selection, so you missed the analysis of Patrick Beverley

Frankly, I don't have much to add, since my cable package, while solid, includes very little coverage of roundball in the Ukraine, where Beverly has apparently been playing.   But we all know my fondness for a certain dude from that neck of the woods who donned the purple and gold.

BK will have more thoughts from El Segundo, but I wanted to keep everyone in the loop.