MONDAY, 2:27pm: The Rockets have waived Forbes and Brockman as well, according to Mark Berman of FOX 26 Houston (via Twitter).
SUNDAY, 12:11pm: The team has waived Johnson, according to his agent, Kevin Bradbury, Mark Berman of FOX 26 reports (Twitter link).
11:20am: The Rockets are expected to waive Gary Forbes, Jon Brockman and JaJuan Johnson on Monday, reports Jonathan Feigen of the Houston Chronicle (Twitter link). All three have fully guaranteed salaries, with two more cuts necessary to get down to the regular-season roster limit of 15 by Monday's 4:00pm Central time deadline.
Forbes is set to make $1.5MM, Johnson $1.089MM, and Brockman $1MM this season, all of which the Rockets would have to pay regardless of whether they're waived. Houston has three players with partially guaranteed contracts, but no one on a non-guaranteed deal.
Perhaps the most surprising training camp cut was Quentin Richardson, whom the Magic waived despite $5.438MM worth of guaranteed money on his contract for the next two seasons. The surprising play of DeQuan Jones, who appears to have made the team on a non-guaranteed deal, pushed Richardson out the door, writes John Denton of Magic.com. There's plenty of other news about players coming and going today, in advance of the 4:00pm Central time deadline for teams to let go of camp invitees so that they clear waivers before rosters must be down to 15 players.
Anthony Tolliver has been working out with several Timberwolves players, namely Brandon Roy and Chase Budinger (Jerry Zgoda of the Star Tribune tweets). Darren Wolfson of 1500 ESPN (via Twitter) looks at it as a sign that Tolliver "badly" wants to remain in Minnesota next year. In another tweet, Zgoda caught Nikola Pekovic's thoughts regarding Ricky Rubio, saying that while the Spanish point guard looks good and hopes to be running again next week, he is still aiming for a return in December. We've had quite a bit of updates tonight, so be sure to check out the newest tidbits from around the league here..
5:01pm: The swap also includes a future second-round pick heading to the Bucks, according to the team's official PR Twitter feed.
2:31pm: The Bucks have acquired Samuel Dalembert in a trade with the Rockets, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link). Dalembert heads to Milwaukee along with the No. 14 pick, in exchange for Jon Brockman, Jon Leuer, Shaun Livingston, and the No. 12 pick, tweets Wojnarowski.The deal looks like a good one for the Bucks, who move down two picks in the lottery and part ways with a few non-core pieces in order to acquire Dalembert, who fills a need in the middle. Dalembert's 2012/13 contract is only partially guaranteed, but the Bucks figure to hang onto the big man and his $6.7MM salary.
With Dalembert on board, Milwaukee will likely no longer be targeting centers like Meyers Leonard and Tyler Zeller, who may not be available at No. 14 anyway. Chad Ford of ESPN.com reported earlier today that the Bucks were leaning toward drafting a guard.
The Rockets, meanwhile, continue to accumulate assets and clear salary in an effort to land a star or two via trades and free agency this summer. Brockman, Leuer, and Livingston certainly won't be key pieces in a trade for Dwight Howard, but the deal allows Houston to move up a couple spots in the draft and to potentially carve out another $4.7MM in cap space. Of course, freeing up that much space would require waiving Livingston and Leuer, which the Rockets don't plan to do, according to Jonathan Feigen of the Houston Chronicle (via Twitter). Livingston and Leuer are partially guaranteed or non-guaranteed deals.
Gery Woelfel of the Racine Journal Times reported earlier this afternoon that the Bucks were interested in acquiring Dalembert, while Steve Kyler of HoopsWorld first reported last Thursday that the Rockets were working on a deal involving the big man.
The Rockets also obtain a traded player exception worth $2.5MM in the move.