From the Nuggets' Press Release:
“Steve is a true point guard who we think will really help our club,” said [Nuggets Vice President of Basketball Operations Mark] Warkentien. “He’s an outstanding shooter and a solid floor leader. The toughest part of trades is giving up players for whom you have great fondness. Earl and Julius have been great pros for us and we wish them the best of luck.”
Blake, 6-3, 172, has averaged 3.6 ppg and 2.5 apg in 33 games for the Bucks this season. The fourth-year pro has averaged 6.0 ppg and 3.0 apg in 220 career games with Milwaukee, Portland and Washington, while shooting .377 (206-547) from three-point range. Blake had his best all-around game of the season against the Nuggets on Jan. 8, scoring 11 points while tying season highs with seven assists and five rebounds. He enjoyed his best season a year ago with Portland, playing in 68 games (57 starts) and averaging career highs of 8.2 ppg and 4.5 apg. Blake was originally selected in the second round (38th overall) of the 2003 NBA Draft by the Wizards.
"We're getting a classic point guard," Nuggets vice president of basketball operations Mark Warkentien told The Associated Press. "He's an outstanding shooter and solid floor leader." [...]
Blake, meanwhile, will get an opportunity to win some back-up minutes in Denver's backcourt, with the Nuggets admittedly looking for pass-first facilitators who can play with Iverson, Anthony and swingman J.R. Smith.
The Washington Post's Wizard Insider blog says that Steve Blake is worth more than Steve Nash:
Blake got traded today -- for the second time in less than a year - from the Milwaukee Bucks to the Denver Nuggets in exchange for Earl Boykins and Julius Hodge. [...] Boykins is making $2.95 million and Hodge, $1.2 million, this season. In August, Blake was shipped from Portland to Milwaukee in exchange for Jamaal Magloire, who earns $8.3 million. Add up these deals and the players Blake essentially has been traded for in the past five months will earn $12.45 million. That's almost $2 million more than Nash will earn for the Phoenix Suns this season.
I guess that's one way to look at it...