Nets To Acquire Gerald Wallace
The Blazers and Nets have reached an agreement on a trade that will send Gerald Wallace to New Jersey, reports TNT's David Aldridge (via Twitter). The Blazers will receive Mehmet Okur, Shawne Williams, and a top-three protected 2012 pick. Yahoo's Adrian Wojnarowski, who first reported the two sides were close, confirms the agreement (via Twitter).
After finding out Dwight Howard would not be available via free agency this summer, the Nets quickly turned to trades that would add help for Deron Williams. The price for Wallace seems awfully high though — while the Nets were able to move Okur's expiring $10.89MM contract and avoid Williams exercising his $3.1MM option for next season, the first-round pick seems to be the Nets' own selection. While New Jersey will retain the pick if it lands in the top three, it's very possible that the Blazers will receive a top-ten pick in what's expected to be a strong draft. The Nets currently have the sixth-worst record in the league (15-29).
Wallace has a $9.5MM player option for next season, which I assume the Nets will want him to exercise. Perhaps the two sides could even agree to void the player option in favor of working out a longer-team deal with a reduced 2012/13 cap figure. Even with Wallace on the books for next year, the team should have a decent amount of cap space to re-sign Brook Lopez and perhaps sign another free agent to entice Williams to stay.
Lakers Still Could Make Multiple Deals
The pace of the Lakers' trade talks has picked up to the point where Los Angeles could make multiple trades before the deadline, tweets Scott Howard-Cooper of NBA.com.
Yesterday, I would've assumed that two trades for the Lakers would mean bringing in Michael Beasley from the Timberwolves and Ramon Sessions from the Cavs, but J. Michael Falgoust of USA Today reports (via Twitter) that the Lakers' three-way talks with Portland and Minnesota for Beasley seem to be losing momentum. Falgoust hears that Portland "dragged its feet," and that other deals are now in the works.
Earlier reports suggested that the Lakers were gaining interest in Jamal Crawford.
Nets Close To Deal For Gerald Wallace
12:11pm: The pick that would be going to the Blazers in this proposed swap would only be top-three protected, says Wojnarowski (via Twitter).
11:48am: The discussed trade would send Mehmet Okur, Shawne Williams, and a protected first-round pick to the Blazers, tweets Wojnarowski. Such a deal would save the Nets money this year and potentially clear out more cap space for next year, which explains the first-round pick that would be going to Portland.
11:28am: The Trail Blazers and Nets are engaged in "advanced talks" on a deal that would send Gerald Wallace to New Jersey, reports Adrian Wojnarowski of Yahoo! Sports (via Twitter). A deal is close, adds Wojnarowski (via Twitter). Newsday's Al Iannazzone tweeted earlier today that the Nets were eyeing Wallace.
Wallace, 29, has a player option worth $9.5MM for next season, so perhaps the Nets would want him to make a decision on that option in the event of a trade. Turning it down would mean increased summer cap space for the Nets.
Crawford Hoping For Trade; Lakers Interested
The Lakers and the Nets are the latest teams to enter the Jamal Crawford sweepstakes, writes Alex Kennedy of HoopsWorld. Jarrod Rudolph of RealGM.com hears that Crawford is hoping for a trade, and that his preferred destination is Orlando (Twitter link).
The Lakers had already been engaged in talks involving Crawford, but the proposed three-team deal would have sent Crawford to Minnesota rather than Los Angeles. The Nets, meanwhile, are reportedly close to a deal for Gerald Wallace, so it's unknown whether they would maintain their interest in Crawford if they acquire Wallace.
Nets Interested In Jamal Crawford, Gerald Wallace
11:11am: Al Iannazzone of Newsday names Crawford and Gerald Wallace as two targets to watch for the Nets (Twitter link). Both guys have player options for next season, so it's unclear if New Jersey views them as longer-term additions or potential expiring contracts.
10:46am: The Nets are "calling everyone" about potential trades, says Adrian Wojnarowski of Yahoo! Sports (on Twitter). However, Wojnarowski hears that one player emerging as a prime trade target for the team is Jamal Crawford.
Crawford is rumored to be part of three-team talks between the Blazers, Timberwolves, and Lakers, though nothing is imminent on that front. The T-Wolves, Clippers, and Bobcats are among the teams that have expressed interest in Crawford.
Now that it appears Dwight Howard will opt in for 2012/13 with the Magic, the Nets are looking for deals that will improve the team around Deron Williams, and continue to try to clear future cap space. The Nets are turning away trade offers for Williams at the moment.
Wojnarowski On Augustin, Kaman, Blazers
Adrian Wojnarowski of Yahoo! Sports is sending out plenty of tweets today on a variety of trade topics. Here are a few of his latest updates (all links go to Twitter):
- D.J. Augustin is drawing significant interest, with the Bobcats listening to inquiries.
- The Hornets are getting more realistic about their asking price for Chris Kaman, realizing that they won't get a first-round pick for him. According to Chris Tomasson of FOX Sports Florida, New Orleans is working hard to move Kaman, ideally to an East team (Twitter link).
- One GM on the Trail Blazers: "One thing is for sure today: Portland is open for business right now."
Kyler On Rockets, Gasol, Pacers, Blazers, Smith
In his NBA AM piece for HoopsWorld, Steve Kyler reported that Dwight Howard is highly unlikely to change his mind again, but that the Magic seem to have a deal they'd do with the Nets if Howard waffles once more. You can follow all of today's Howard updates here, and check out the rest of Kyler's morning notes below:
- The Rockets are discussing more than half their roster in trades, having offered around Terrence Williams, Jonny Flynn, Jordan Hill, Chase Budinger, Patrick Patterson, Luis Scola, Hasheem Thabeet and Courtney Lee. According to Kyler, Houston would trade any combination of those players to acquire Chris Kaman.
- The Bulls want Lee, but aren't likely to meet the Rockets' asking price, which would mean parting with Taj Gibson or Omer Asik. The Pacers and Timberwolves are also eyeing Lee.
- Houston has a standing offer out to the Lakers for Pau Gasol, but it doesn't include Kyle Lowry, so nothing is expected to happen there.
- If the Blazers' three-team deal with the Timberwolves and Lakers involving Jamal Crawford falls through, Portland may have a backup trade in place with the Pacers.
- The Magic won't be able to make a move for Josh Smith, which isn't a surprise. One league source tells Kyler the Hawks want an All-Star frontcourt player in exchange for Smith, so a deal is very unlikely.
Los Angeles Rumors: Beasley, Gasol, Bledsoe
The Lakers appear to be closing in on a three-way deal that would land them Michael Beasley, but different variations of the deal are being discussed. Most reports have Steve Blake and a first-rounder heading from L.A. to Portland, but Dave McMenamin of ESPNLosAngeles.com reported last night that it may be Luke Ridnour, rather than Blake, who goes to the Blazers. In that hypothetical trade, the Lakers would still give up a first-round pick, but wouldn't necessarily need to make a follow-up to replace Blake at the point.
While we wait to see how those negotiations shake out, here are a few Lakers- and Clippers-related rumors out of Los Angeles:
- A Pau Gasol trade is "highly unlikely," tweets ESPN.com's Chris Palmer. Palmer says interest dropped way off after the Lakers reportedly backed out of talks involving Gasol and Rajon Rondo.
- The Clippers continue to explore trades that would see them move Eric Bledsoe for a "big guard," says Palmer in a separate tweet.
- Pedro Viola of ESPNLosAngeles.com thinks the Clippers will ultimately decide they can maximize Bledsoe's value by keeping him rather than trading him.
Latest On Rumored Lakers, Wolves, Blazers Deal
1:20am: Dave McMenamin of ESPNLosAngeles.com reports another variation on the proposed three-team swap, saying that the Timberwolves may send Luke Ridnour to the Blazers. According to McMenamin, the Blazers would still receive a first-round pick from the Lakers in the deal, which doesn't make sense to me — I'd think giving up Beasley and Ridnour would earn the T-Wolves that pick.
THURSDAY, 1:06am: A source tells John Canzano of The Oregonian that the deal should be completed Thursday morning (Twitter link).
Northwest Notes: Blazers, Jazz, Thunder
The most pressing news out of the Northwest Division tonight surrounds the three-team deal apparently in the works between the Lakers and two Northwest teams: the Blazers and Timberwolves. It continues to be held up by the Blazers, according to Marc J. Spears of Yahoo! Sports (Twitter link), who are seeking a draft pick. Here's more from around the division:
- The Blazers took an embarrassing 42-point loss to the Knicks tonight, and John Canzano of The Oregonian thinks the problems can be traced to the front-office turmoil of the past few years.
- The Thunder like the view from the top, and unlike last year, when they acquired Kendrick Perkins and Nazr Mohammed, they aren't likely to make any deals before the deadline, writes Darnell Mayberry of The Oklahoman. As a result, the team has largely avoided the distractions that other teams encounter this time of year, coach Scott Brooks told fellow Oklahoman writer John Rohde.
- The Jazz are in contention for a playoff spot, but it will be better for them in the long run to make a deal before the deadline, even if it's a short-term negative, opines Patrick Kinahan on NBA.com.