Morrow to Nets will be a sign-and-trade, Warriors will not match

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According to Adrian Wojnarowski of Yahoo! Sports, the Nets have made a sign-and-trade deal with the Warriors for Anthony Morrow. 
Morrow had been a restricted free agent, but the Warriors agreeing to a sign-and-trade means that they have given up their right to match the three-year, $12 million dollar offer sheet Morrow signed with the Nets. In exchange for Morrow, the Warriors will receive a trade exception worth $4 million. 
Morrow may be the best catch-and-shoot specialist in the league, but the Warriors feel that signing the more versatile Dorell Wright was a better use of their resources than retaining Morrow’s services would have been.