(UPDATE) Meralco, Powerade, Talk ‘N Text complete first D-Day deal

Hours before the 2011 PBA Rookie Draft, Meralco, Powerade, and Talk ‘N Text completed a three-team deal that would have major ramifications on the Sunday afternoon’s event.

Meralco acquired the rights to Talk ‘N Text’s No. 7 overall pick, Tropang Texters forward Mark Yee, and guard Mark Macapagal from Powerade.

Talk ‘N Text received guard Shawn Weinstein and swing man Bam Gamalinda from the Bolts.

Powerade received guard Chris Timberlake and swingman Ogie Menor from the Bolts and the last pick of the second round (No. 21 overall) from the Tropang Texters.

Center Dennis Espino is no longer involved in the transactions.

A highly-placed source privy to the discussion broke the news to InterAKTV.

Prior to the deal, Meralco had no picks in this year’s draft. With the No. 7 selection, the Bolts are looking to tap center Jason Ballesteros, a backup big man from the SMART-Gilas Pilipinas national team. Meralco coach Ryan Gregorio serves as an assistant coach with the Philippine team.

It was the second major transaction for the Tigers in the offseason. On Thursday, Powerade completed a deal to acquire center Doug Kramer and shooter Josh Vanlandingham from Rain or Shine in exchange for JR Quinahan, Norman Gonzales, and a couple of future second round picks.

The team is in the middle of an ambitious build-up, with the Tigers owning two first round draft choices, including the top overall pick.

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