Los Angeles converted the draft rights to Jared Jordan into cash; New York waived Jordan before the regular season and received no NBA game value from the rights.
Los Angeles drafted Jared Jordan 45th overall in 2007, then sent his draft rights to New York for cash on September 30. The cash amount was not disclosed. This was a small rights transaction, not a trade that needs a long asset-chain explanation: the Clippers chose to monetize a second-round prospect, while the Knicks paid for a chance to evaluate him in camp.
The Knicks signed Jordan to a non-guaranteed contract after acquiring his rights, but waived him on October 25. He never appeared in a regular-season NBA game for New York and continued his career outside the NBA after camp. That leaves the Knicks with no realized NBA production from the asset they bought, while the Clippers at least retained the cash they received.
The result favors Los Angeles, but the scale matters. No public source establishes the amount of cash, and New York was taking a low-cost chance on a recent second-round pick rather than sacrificing a rotation player or premium draft asset. A modest win for the Clippers fits the evidence better than the previous record, which incorrectly treated Jordan's rights as if they produced meaningful Knicks value.
Clippers Win — Los Angeles B-, New York C. The Clippers converted rights they were willing to move into cash. The Knicks' prospect flier produced no regular-season NBA value and ended with Jordan being waived before opening night. Because the cash amount is unknown and the stakes were small, the verdict is a narrow Clippers win rather than a major steal.