CHARLOTTE, NC - JANUARY 14: Monta Ellis #8 of the Golden State Warriors shoots the ball over Tyrus Thomas #12 of the Charlotte Bobcats during their game at Time Warner Cable Arena on January 14, 2012 in Charlotte, North Carolina. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Streeter Lecka/Getty Images)

Monta Ellis, Andrew Bogut Switch Teams In 5-Player Deal

The Warriors and Bucks have completed the NBA trade deadline's first blockbuster, swapping Monta Ellis and Andrew Bogut in a five-player deal.

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Monta Ellis Trade Potentially Frees Up Klay Thompson In Warriors' Rotation

One of the immediate ramifications of the Monta Ellis trade from the Golden State Warriors' perspective is that rookie Klay Thompson, a lottery pick out of Washington State, should see a larger role on the court for the remainder of the season. Ellis played 53 percent of Golden State's shooting guard minutes this season to date, according to 82games.com, with Thompson picking up 27 percent and stretching out at small forward part-time.

The Ellis trade should make Thompson the new starter at the second guard position ... unless Stephen Jackson, sent to Golden State with Andrew Bogut in the deal, takes up that spot. Jackson has played shooting guard and small forward fairly interchangeably over his career, including this season. Reports suggest that the Warriors have no interest in buying Jackson out of the gross contract they actually signed him to years ago; so long as Jackson, an able and long defender, is on the bench, there's a strong chance that head coach Mark Jackson will want to play him.

Fortunately, there's also a hole at small forward in Golden State, and StackJack could fill in there primarily, leaving Thompson's path clear. Before Sunday's game, incumbent starter Dorell Wright had played fewer than 30 in seven straight games and 14 of the last 15. He'd averaged 38 minutes per game last season.

For more on the Warriors, visit Golden State of Mind and SB Nation Bay Area.

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Monta Ellis Trade Also Frees Up 2012-13 Cap Space For Bucks

In trading Andrew Bogut and Stephen Jackson to the Golden State Warriors for a package anchored by Monta Ellis, the Milwaukee Bucks not only bolster their push to make the 2012 NBA playoffs. The franchise also opens up an additional $8.5 million in 2012-13 cap space with the deal.

Ellis and Ekpe Udoh are on the books for $14.5 million next season, while Kwame Brown -- the third Warrior in the deal -- will see his contract expire at the season's end. Bogut and Jackson, meanwhile, are on the books for $23 million in 2012-13. Assuming no other trades and that Beno Udrih picks up his $7.3 million player option, the Bucks would stand to have just about $17 million in cap space in July. The Bucks do have to consider Ersan Ilyasova, however, as the Turkish forward will be a restricted an unrestricted free agent.

Just as the deal gives Milwaukee some cap space to look forward, it reduces Golden State's free agent flexibility. After the deal, Golden State projects to be at the cap without adding additional players. The Warriors have already used their amnesty clause.

For more on the Bucks, visit Brew Hoop. For more on the Warriors, visit Golden State of Mind and SB Nation Bay Area.

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