Raptors Frontrunners To Land Sebastian Telfair

10:44am: If the Suns and Raptors reach an agreement, it's likely to come in the final hour before the deadline, tweets ESPN.com's Marc Stein, who says that Telfair would likely be swapped for Hamed Haddadi and a second-round pick.

8:34am: NBA fans may not breathlessly be discussing the Sebastian Telfair sweepstakes, but according to Adrian Wojnarowski of Yahoo! Sports (via Twitter), the Raptors have emerged as the frontrunners to land Telfair.

We heard earlier this week that the Suns were looking to move Telfair in order to create playing time for rookie point guard Kendall Marshall. The club's efforts to trade Telfair likely intensified after Phoenix agreed to acquire Marcus Morris — with 15 players already on the roster, the team will need to trade or release a player to clear room for the newest Sun.

The Suns' need to move or let go of a player should create leverage for the Raptors, who have been eyeing a number of backup point guards on the trade market. However, because Telfair makes more than the minimum salary, the Raps would have to send out a little salary of their own to make a deal work financially. Doug Smith of the Toronto Star suggested today that trading Alan Anderson in a deal for a backup point guard is a possibility for Toronto.

Suns Release Luke Zeller

The Suns have released Luke Zeller to clear a roster spot for Marcus Morris, according to ESPN.com's Chris Broussard (via Twitter). Zeller's minimum-salary deal was guaranteed for the rest of the season, so he'll still be paid the full amount and the Suns will still absorb the cap hit.

Releasing Zeller allows the Suns to regain some leverage in trade talks involving Jermaine O'Neal and Sebastian Telfair. Had Phoenix been forced to move one of those two players to clear a roster spot, the offers likely would have been very underwhelming.

Zeller, 25, appeared in 16 games for the Suns this season, averaging 1.2 PPG in very limited minutes.

Kyler’s Latest: Suns, Redick, Lakers, Novak, Blair

With less than six hours until today's trade deadline, Steve Kyler of HoopsWorld explores a few of the latest rumors in his NBA AM piece. Here are the highlights:

  • Besides Jermaine O'Neal, Sebastian Telfair is another candidate to be a roster casualty once the Suns finalize their acquisition of Marcus Morris, says Kyler. If Phoenix trades either player for virtually nothing, the Grizzlies, who have seven trade exceptions and a need to add a 13th man to their roster, could get involved.
  • As they explore J.J. Redick deals, the Magic continue to seek a high-level first-round pick or a package that includes a young player and second-round picks. Several teams have questioned whether it's worth meeting that asking price for what could be a 30-game rental of Redick, according to Kyler.
  • If the Lakers make a trade, it's expected to be one that reduces their luxury-tax bill rather than one that drastically changes the roster.
  • In addition to shopping Ronnie Brewer, the Knicks have also made Steve Novak available. The duo isn't drawing a whole lot of interest though.
  • The Hawks are a potential destination for DeJuan Blair, particularly if Atlanta finalizes a Josh Smith trade.

Odds & Ends: Dwight, Cavs, Blair, Wizards, Gordon

As the hours tick down to tomorrow's 2:00pm Central trade deadline, Mitch Lawrence of the New York Daily News is already starting to look ahead to free agency, and he writes that the Cavaliers believe they could make a longshot bid to sign Dwight Howard. That one seems hard to believe, and even Lawrence intimates that it's a little far-fetched. Still, the Cavs were reportedly in the mix for Andrew Bynum last year, and they'll have plenty of cap space this summer, so I suppose it's not entirely out of the realm of possibility.

In the meantime, there's more on potential deadline deals, and here's the latest:

Josh Smith Rumors: Wednesday

Josh Smith appears to be the big-name player most likely to be moved before tomorrow's trade deadline, and Tuesday brought plenty of updates and rumors on his potential destination. We rounded up those updates right here, and we'll track today's news here, with any new items added to the top of the page throughout the day:

  • "Source after source" informs HoopsWorld's Alex Kennedy that Smith will be dealt by the deadline (Twitter link).
  • With the Suns apparently standing pat despite a report classifying them as the frontrunner for Smith, it looks like the Bucks are in the lead for Atlanta's athletic power forward, as Sean Deveney of The Sporting News writes. The Bucks are willing to risk losing Smith in free agency, but chances are strong that he'll re-up in Milwaukee for the right price, according to Deveney. Still, Milwaukee won't include John Henson or Larry Sanders in any deal for Smith.
  • Sam Amico of Fox Sports Ohio believes the Nets are the frontrunners, with Milwaukee a darkhorse (Twitter link).

Earlier updates:

  • Smith is open to playing with the Bucks even if Monta Ellis is not around, reports Gery Woelfel of the Racine Journal Times (Twitter link).
  • Despite a report previously stating that the Nets are “solely focused” on Smith, a league source says that is definitely not the case, according to Alex Raskin of HoopsWorld.
  • The Suns, Bucks, and Nets are currently viewed as the three most likely destinations for Smith, tweets Adrian Wojnarowski of Yahoo! Sports.
  • A source tells Sam Amick and Jeff Zillgitt of USA Today that it's not inconceivable the Hawks hang on to Smith through the deadline. With a huge amount of cap space available this summer, Atlanta could still re-sign the forward to a reasonable contract if another club doesn't make him the max offer he's seeking.

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Western Notes: Kings, Garnett, Mavs, Wolves

Most around the league are surprised by the Kings' involvement in a cost-cutting deal that sent away Thomas Robinson, the fifth pick of this past June's draft this evening, Grantland's Zach Lowe hears (Twitter link). It's just the fifth time a team has traded a top five pick in his rookie season, ESPN Stats and Info tweets. The Kings weren't expected to be involved in any deals as their ownership situation is resolved, but ultimately they didn't hesitate to jump in at the last moment. Here's more on that trade and from around the West as the hours tick down until tomorrow's 2:00pm Central time deadline:

Suns Top Contender For Josh Smith?

8:10pm: Marc J. Spears of Yahoo! Sports hears the Suns aren't expected to participate in any major deals (Twitter link), so it appears they may not bite on Smith after all.

7:55pm: Having already participated in a smaller deal this evening, acquiring Marcus Morris from the Rockets, the Suns are discussing a proposal for Josh Smith that would send Marcin Gortat, Jared Dudley and a first-round pick to the Hawks, tweets Gery Woelfel of the Racine Journal Times. Woelfel adds that Phoenix is the primary contender for Smith, thought to be the biggest name with a reasonable chance of heading elsewhere.

Such a trade would eat into the Hawks' cap space that they've prioritized for next summer, since Gortat and Dudley are signed to long-term deals. Still, the move would leave them enough room to add a max player through free agency. They've been looking for a "quality young center" in return for Smith but perhaps would settle for Gortat, who just turned 29 and is on a reasonable deal that pays him $7.26MM this season and $7.73 next year. Dudley would also be an economical pickup, as he's set to make $4.25MM through 2016. The swingman has been a part of several rumors lately, prompting him to express his desire to stay in Phoenix. He can't veto a trade, however, so the Suns can move him out if they find a deal they like.

The Suns, wary of their ability to re-sign Smith when he hits unrestricted free agency this summer, were reportedly out on Smith as of this weekend, but perhaps they've become more willing to take the risk. If they trade for him and can't convince him to stay, they'll have cleared about $12MM in cap space for this summer, if nothing else.

Thunder, Suns Not Discussing Gortat, Perkins

1:02pm: Coro follows up on his initial report, tweeting that apparently talk of a deal between the Suns and Thunder was just a "league rumor" during the All-Star break, rather than the two sides actually talking about it. So it sounds as if there's nothing to this one.

12:31pm: The proposed Gortat/Perkins deal is "not going to happen," according to John Gambadoro of 620 KTAR in Phoenix (via Twitter).

7:34am: According to Paul Coro of the Arizona Republic, the Thunder have been exploring a deal with the Suns that would send Marcin Gortat to Oklahoma City. In the hypothetical trade, the Suns would receive Kendrick Perkins, Jeremy Lamb, and a first-round pick from the Thunder in exchange for Gortat and P.J. Tucker.

Coro writes that the Suns would have some interest in Perkins, who would fit the team's new defensive culture, and that Phoenix likely would have drafted Lamb 14th overall last June had the Rockets not taken him two spots earlier.

Perkins' contract, which is more expensive and lasts a year longer than Gortat's, isn't viewed as a favorable one, and Lamb's stock may have fallen a little since last summer, so I'd imagine the first-round pick in the deal would be Toronto's pick. That choice, acquired by the Thunder in the James Harden trade, figures to be more valuable than any of Oklahoma City's own picks or the Mavericks' heavily-protected first-rounder.

Still, according to Coro, it's not likely that the Suns pull the trigger on a deal with the Thunder. Coro reports that it's more likely Phoenix simply stands pat to protect its future first-round picks and cap space, which should give the club room for a max free agent this summer. Small deals involving players like Sebastian Telfair or Jermaine O'Neal are also possible.

Odds & Ends: Repeater Tax, Bobcats, T-Wolves

Yahoo's Marc J. Spears says (via Twitter) that trade talk has been quiet, as teams are waiting to see what happens with Josh Smith first. One major factor which undeniably has affected discussions around this time has been the looming "repeater tax," which Adrian Wojnarowski tweets is the reason why most teams have been reluctant to take back long-term deals at the deadline. We'll round up the rest of tonight's miscellaneous links below: 

Josh Smith Rumors: Tuesday

Last night, ESPN.com's Marc Stein reported that many teams around the NBA are convinced that the Hawks will move Josh Smith by Thursday's trade deadline. Stein cited the Celtics as one team with interest, but wrote that he couldn't see them giving up Paul Pierce in a deal for Smith. We'll likely hear a few more rumors and rumblings on Smith today, so we'll round all those up in one place, with the latest updates added to the top of the page throughout the day:

Earlier updates:

  • ESPN's Chris Broussard tweets that although the Suns have been in touch with the Hawks regarding Smith, a deal is very unlikely. 
  • The Hawks called the Clippers and asked about acquiring Eric Bledsoe in a Smith trade, but the conversation was short, according to Broussard, who says the Clips aren't really interested in Smith (Twitter link).
  • Broussard adds in a second tweet that Smith heading to the Suns in a package headlined by Marcin Gortat is "unlikely."
  • Most of the offers the Hawks have received so far for Smith have been underwhelming, tweets Alex Kennedy of HoopsWorld.
  • Several members of the Warriors organization tell Marcus Thompson of the Bay Area News Group (Sulia link) that they think Smith would be an ideal fit in Golden State. However, the club wouldn't want to give up Klay Thompson or Harrison Barnes for a free-agent-to-be, so a trade is "improbable at best."

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