Here are the details:
In 2009, the New York pick to Utah is top-22 protected. The Utah pick to Philadelphia is also top-22 protected. If both picks end up outside the protection, Philadelphia gets the better one.
In 2010, the New York pick to Utah is unprotected. The Utah pick to Philadelphia is top-15 protected. Assuming both picks are still outstanding and Utah's pick falls outside its protection, Philadelphia gets the worse one.
(The Utah pick to Philadelphia is also protected for 2011-2013...if it still hasn't been transferred by that point, the Sixers get Utah's 2014 second rounder and cash instead.)
And yes, this was all agreed to in the Korver trade.
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So as you can see, the pick really isn't all that good unless we get it this year, which it should be given how good Utah is. Nevertheless, it could still be a good tradable asset.
"Michael Jordan's not the kind of guy who will single-handedly turn around a franchise, and I'd never ask him to do that." GM, Rod Thorn 1984