NBA: Lakers officially announce Nash acquisition

The Los Angeles Lakers have made official their acquisition of two-time MVP Steve Nash, sending first round draft picks in 2013 and 2015, as well as second round draft picks in 2013 and 2014 to the Phoenix Suns, general manager Mitch Kupchak announced in a press release.

OFFICIAL: Lakers acquire 2-time MVP @SteveNash. RELEASE: on.nba.com/OZL7J4 Welcome Steve to LA w/ a RT!! twitter.com/Lakers/status/… — Los Angeles Lakers (@Lakers) July 11, 2012

Financial terms of the deal were not disclosed, but Marc Spears of Yahoo Sports earlier reported that it was $27 million deal over three-years, fully guaranteed.

Nash gets 3-year guaranteed $27 million deal, his agent Bill Duffy tells Y! "He's ecstatic. He gets to be close to his children," Duffy said — Marc J. Spears (@SpearsNBAYahoo) July 5, 2012

Nash will wear number 10 for the Lakers, the team also announced on Twitter.

* @SteveNash will fittingly wear No. 10 for the Lakers, the # reserved for great play makers in his beloved soccer. — Mike Trudell (@LakersReporter) July 11, 2012

The 16-year NBA veteran was a back-to-back Most Valuable Player with the Suns in 2005 and 2006, and is an eight-time NBA All-Star. He has career averages of 14.5 points, 3.0 rebounds and 8.6 assists. Nash is also currently fifth on the NBA's all-time assists leaders list with 9,916 dimes. - AMD, GMA News