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Miami trades: Michael Bailey
Miami receives: Frank Sanderson, Raptors 2039 first round pick, Suns 2039 first round pick, Trail Blazers 2040 first round pick, Nets 2041 first round pick

New Jersey trades: Frank Sanderson, Raptors 2039 first round pick, Suns 2039 first round pick, Trail Blazers 2040 first round pick, Nets 2041 first round pick
New Jersey receives: Michael Bailey

Deal is official.
 
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