Stojakovic traded to Raptors in 5-player deal

The Toronto Raptors have completed a five-player deal with the New Orleans Hornets that sends guard Jarrett Jack out and brings in veteran forward Peja Stojakovic, the team confirmed on Saturday.

Jarrett Jack one of three Toronto players heading to Louisiana

The Toronto Raptors have completed a five-player deal with the New Orleans Hornets that sends guard Jarrett Jack out and brings in veteran forward Peja Stojakovic, the team confirmed on Saturday.

Jack will head to Louisiana with backups David Andersen and Marcus Banks, while guard Jerryd Bayless and cash is packed with Stojakovic the other way.

"Acquisition of another emerging talent and the creation of additional salary cap flexibility in the coming years were the key drivers in making this deal," Raptors president and GM Bryan Colangelo said in a release. "Our plan of developing our existing young players and acquiring future assets remains our focus in retooling this Toronto basketball team."

Jack has started all of the 4-9 Raps' games this season and is averaging 10.8 points and 4.5 assists.

Stojakovic, 33, began his league career in 1998 with Sacramento, where he stayed for almost eight seasons before being traded to Indiana in January of 2006 for Ron Artest.

He was traded to New Orleans that off-season where injuries have slowed him down. This season, the six-foot-nine swing man played in six games, scoring 17 against Dallas as his best effort.

Overall, Stojakovic has averaged 17.3 points per game in North America.

Jack has expressed some frustration at sharing time with Jose Calderon at the point and has found himself on the bench in crunch situations more often than not.

Andersen, an Australian, has been a backup centre averaging just over five points and three boards each time out, while Banks has played in only three games.

Stojakovic, who coincidentally lost his job in New Orleans to Marco Belinelli, a former Raptor who went to the Hornets this summer in a trade, brings an expiring $14.25-million US contract to Toronto.

If the Raptors do not re-sign him, they gain a lot of space on the salary cap for 2011.

Bayless is a backup point guard.

The pair are expected to play Wednesday when the Raptors host Philadelphia.