The Nets have no regrets about trading this year's first-round pick to Portland in exchange for Gerald Wallace.

“Yes,” Nets general manager Billy King said when asked whether he still defends the move, “because I think what Gerald Wallace brings to the table is a lot better than some of the younger guys (available in the draft). They may take two or three years and as I’ve said before, we’re trying to win right away.

“Deron’s getting older, we don’t want to be in a rebuilding process. So we’re going to add some veterans to this roster.”

The Nets’ pick was only protected through the first three spots.

“Obviously, if you have one of those top picks, it’s adding an asset, but I think we have, once again, cap space,” King said.