The New Jersey Nets acquired guard Keyon Dooling from the Orlando Magic for cash considerations, pending league approval, according to sources.
Along with cash, New Jersey is sending to Orlando a $3.3 million trade exception that they acquired from Dallas in the Jason Kidd trade.
Dooling will receive a three-year deal, averaging about $3 million per year. Only the first two years are guaranteed.
ESPN's Stephen A. Smith and ESPN.com's Chris Sheridan contributed to this report.