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Rockets Acquire Pablo Prigioni

8:36pm: The trade is official, the Knicks have announced. The 2017 and 2019 second-rounders going to New York are Houston’s own, according to the Rockets announcement.

3:15pm: New York is getting Alexey Shved and two second-round picks, but not Canaan, according to Wojnarowski. The second-rounders are for 2017 and 2019, writes Marc Berman of the New York Post.

2:06pm: The Knicks are trading Pablo Prigioni to the Rockets, according to Adrian Wojnarowski of Yahoo! Sports (Twitter link). Isaiah Canaan is headed to New York in the deal, as Ramona Shelburne of ESPNLosAngeles.com reports (on Twitter).

Timberwolves Acquire Kevin Garnett

8:28pm: The trade is official, the Nets have announced in a press release.

3:11pm: The Wolves want to re-sign Garnett for two more seasons this summer, according to Jon Kraczynski of The Associated Press (Twitter links). Garnett has known of this desire, Krawczynski adds, speculating that it factored into his decision to waive the no-trade clause.

1:44pm: Kevin Garnett has agreed to waive his no-trade clause and the Nets will trade him to the Timberwolves for Thaddeus Young, reports TNT’s David Aldridge (Twitter link). The teams had been waiting on him to give his OK to the deal that will send him back to where his NBA career began nearly 20 years ago. ASM Sports, the agency for Garnett, has confirmed the agreement via Twitter (hat tip to Tim Bontemps of the New York Post).

The 38-year-old is earning $12MM for the season, and will become an unrestricted free agent at the end of the campaign. The veteran has appeared in 42 games for Brooklyn this season, and is averaging 6.8 points, 6.8 rebounds, and 1.6 assists in 20.3 minutes per night. Garnett’s career averages are 18.3 PPG, 10.2 RPG, and 3.8 APG. His career shooting percentages are .497/.276/.790.

Garnett has said in the past that he hopes to buy the Wolves when his playing days are over.  The veteran had a no-trade clause in his contract and while he was reluctant to waive it all, he eventually did leave the door open for a deal that would bring him back to Minnesota.  There was also strong interest from the Clippers and coach/executive Doc Rivers, but KG was against the idea of a buyout.

Young, 26, is making $9,410,869 this season, and he has a player option worth $9,971,739 for the 2015/16 campaign. The 6’8″ forward has appeared in 48 games for Minnesota this season, and is averaging 14.3 points, 5.1 rebounds, and 2.8 assists in 33.4 minutes per game. His career numbers are 13.8 PPG, 5.5 RPG, and 1.5 APG. Young’s career slash line is .495/.319/.698.

Just a few days ago, it was reported that Wolves president Flip Saunders had shown little inclination towards trading Young.  Of course, the deadline has a way of changing those things.  Recently, our own Chris Crouse analyzed Young as a trade candidate.

Pelicans Acquire, Waive Ish Smith

8:04pm: The Pelicans have waived Smith, the team has announced.

7:22pm: The Pelicans have acquired guard Ish Smith from the Thunder, New Orleans has announced. In addition to Smith, New Orleans will also receive the rights to Latavious Williams, cash considerations, and a 2015 protected second round pick. Oklahoma City in return will garner a 2016 protected second round draft pick. Oklahoma City needed to reduce its roster count to the league maximum 15 players, and the trade of Smith will accomplish just that. The Pelicans now have 14 players on their roster with the addition of the point guard.

Smith appeared in 30 games this season for the Thunder, averaging 1.2 points, 0.9 rebounds and 0.9 assists. Since going undrafted out of Wake Forest back in 2010, Smith has appeared in 221 career games for the Suns, Magic, Rockets, Bucks and Grizzlies, averaging 2.7 points, 1.9 assists and 1.4 rebounds. His career slash line is .388/.216/.581.

Williams was the 48th overall selection by the Heat in 2010. Williams currently plays for Bilbao Basket of Liga ACB in Spain, where he has appeared in 21 games this season, averaging 7.5 points and 5.9 rebounds per game.

Celtics Trade Tayshaun Prince To Pistons

7:49pm: The trade is official, the Pistons have announced in a press release. “Tayshaun Prince is certainly well known to fans in Detroit and we’re pleased to welcome him back,” said Stan Van Gundy, Detroit’s coach and president of basketball operations.  “He fills a position of need for us at small forward with his offensive and defensive versatility.  We thank both Jonas and Gigi for their hard work and wish them well going forward.”

6:26pm: The Pistons intend to keep Prince, Ellis tweets.

2:23pm: The Pistons are acquiring Tayshaun Prince from the Celtics, reports Marc Stein of ESPN.com (Twitter link). Gigi Datome and Jonas Jerebko head to Boston in return, according to Vince Ellis of the Detroit Free Press (on Twitter).

In 917 career games, Prince has averaged 11.9 points, 4.5 rebounds, and 2.5 assists. His career slash line is .455/.369/.758.

Heat Acquire Goran Dragic

7:38pm: The trade is now official, the Pelicans and Suns have announced. New Orleans acquired Norris Cole, Shawne Williams, Justin Hamilton and cash considerations from Miami, the Suns get John Salmons from the Pelicans and Danny Granger from the Heat, and Miami garners Goran Dragic and Zoran Dragic from the Suns. Phoenix also received Miami’s 2017 first-round pick (top seven protected) and Miami’s unprotected 2021 first-round pick as part of the deal. Phoenix is waiving Salmons, per the Suns’ official press release.

3:36pm: The expectation is that the Heat will offer Dragic a five-year max deal this summer, according to Ramona Shelburne of ESPNLosAngeles.com (Twitter link).

2:48pm: There are other components to the trade agreement, which also involves the Pelicans, as we explain here.

2:09pm: The Suns will get Danny Granger and 2017 and 2019 first-round picks with protections for Dragic, according to Paul Coro of The Arizona Republic (on Twitter).

Granger, 32 in April, has averaged 6.3 PPG and 2.7 RPG for the Heat this season since coming back from a hamstring injury.  Of course, the draft picks are the center of the deal for Phoenix and not the veteran forward.  Granger is earning $2.1MM this season and he also has a player option for the same amount in 2015/16.

1:49pm: The Heat and Suns have agreed to a deal that sends Goran Dragic to Miami, reports Marc Stein of ESPN.com (Twitter link).  The Heat have long coveted Dragic and view him as just the sort of player they need to make a playoff push, Chris Mannix of SI tweets.

The Heat currently stand at 22-30 with a leg up over the likes of the Nets, Celtics, PIstons, and Pacers for the eighth and final spot in the Eastern Conference playoffs.

Pelicans Release Toney Douglas

6:58pm: New Orleans has officially released Douglas, the team has announced. The Pelicans roster count stands at 13 players.

2:35pm: The Pelicans are releasing Toney Douglas from his 10-day contract, reports Shams Charania of RealGM (Twitter link). Douglas just signed the pact Wednesday. New Orleans will be on the hook for the full $53,838 value of the deal. Douglas immediately goes to free agency, since waivers aren’t involved with 10-day deals.

Douglas appeared in three games for New Orleans, averaging 9.0 points, 4.0 assists, 2.3 rebounds and 1.3 steals in 22.0 minutes per game.

Kings, Wizards Swap Sessions, Miller

4:53pm: The Kings have followed with an official announcement of their own.

“Adding Andre bolsters our backcourt with one of the most prolific ball distributors in the game,” Kings GM Pete D’Alessandro said. “He’ll also provide veteran leadership to the locker room and a wealth of experience at the point guard position. We’re excited to have him join the team. We also want to thank Ramon and wish him the best moving forward.” 

4:13pm: The deal is official, the Wizards announce.

Ramon is a proven veteran who will bring an up-tempo style to our second unit and give us quickness, energy and defensive presence, Wizards GM Ernie Grunfeld said. He can make plays for himself as well as others and will help to solidify our bench as we head into the final 28 games of the season and the playoffs.  

11:02am: The Kings and Wizards have agreed to swap Ramon Sessions and Andre Miller, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link). New Kings coach George Karl had pushed to acquire Miller, whom he coached in Denver, Wojnarowski writes in a full story. The Wizards had been seeking an upgrade in the backcourt as Miller had lost playing time to Garrett Temple of late.

Suns, Heat, Pelicans Agree To Trade

4:46pm: John Reid of The Times-Picayune has Cole going to New Orleans in the deal. In his summary, it’s Cole, Hamilton and Williams to the Pelicans and Salmons to the Suns. Paul Coro of the Arizona Republic has the Suns getting Miami’s 2017 and 2021 first-rounders, Salmons and Danny Granger (Twitter links). Miami’s 2017 pick is top-seven protected and the 2021 selection is unprotected, Coro notes. However, there’s confusion even among some executives, according to Ken Berger of CBSSports.com (Twitter link).

4:17pm: Jeff Zillgitt of USA Today has Hamilton headed to the Pelicans and not the Suns (Twitter link).

2:28pm: Cole and Salmons are part of a larger deal involving Goran Dragic, reports Adrian Wojnarowski of Yahoo! Sports. Cole, Justin Hamilton and two first-round picks go to Phoenix for Dragic and Zoran Dragic, while Salmons goes from New Orleans to Phoenix. Shawne Williams head to New Orleans (All Twitter links).

2:17pm: The Pelicans are acquiring Norris Cole from the Heat, a source tells Brian Windhorst of ESPN.com (Twitter link). John Salmons is headed to Miami, according to Ken Berger of CBSSports.com (on Twitter).

Nuggets Sign Joffrey Lauvergne

4:02pm: Denver has once more announced the signing and restored the press release to the team website.

2:59pm: The Nuggets sent out a press release recalling the announcement of the signing, and the page about the pact that was on their website has been replaced by an error message.

FEBRUARY 19TH, 2:37pm: The deal is official, the Nuggets announced.

FEBRUARY 11TH, 4:27pm: The Nuggets and Lauvergne are finalizing a two-year, fully guaranteed deal worth more than the minimum salary, Shams Charania of RealGM reports (Twitter link). The pact will also contain a team option for a third season, Charania notes.

6:02pm: The Nuggets and Lauvergne should reach an agreement on a multi-year contract by next week, Christopher Dempsey of The Denver Post reports (Twitter links).

FEBRUARY 5TH, 8:16am: Khimki Moscow and Lauvergne have officially parted ways, the team announced (hat tip to Sportando’s Emiliano Carchia). The Nuggets face “logistical hurdles” before they can formally bring him stateside, a league source told Wojnarowski for his full story, but ostensibly, Khimki Moscow’s announcement clears one of them.

FEBRUARY 4TH, 8:55pm: The Nuggets are working on a deal to sign 6’11” forward Joffrey Lauvergne, Adrian Wojnarowski of Yahoo! Sports reports (Twitter link). Lauvergne was set to cut ties earlier today with Khimki Moscow, his Russian team, a source told David Pick of Eurobasket.com (Twitter link). The Nuggets currently have 14 players on their roster, so no corresponding roster move would be required in order to ink Lauvergne.

The 23-year-old Frenchman was originally selected by the Grizzlies with the No. 55 overall pick in the 2013 NBA draft. Lauvergne was subsequently dealt to the Nuggets, along with Darrell Arthur, for Kosta Koufos.

Lauvergne was averaging 7.9 points, 4.5 rebounds, and 1.1 assists in 18.1 minutes per game for Khimki Moscow this season. His career European professional numbers are 6.6 PPG, 4.5 RPG, and 0.6 APG. His career slash line is .476/.269/.694.

Warriors Sign James McAdoo For Season

3:04pm: The signing is official, the Warriors announced.

1:46pm: The Warriors have agreed to sign James Michael McAdoo for the rest of the season with a partial guarantee for 2015/2016, a source tells Marc J. Spears of Yahoo Sports (on Twitter).  That pact will be completed barring a conflicting buzzer-beating trade, Spears adds.

McAdoo, 22, has averaged 3.5 PPG and 1.3 RPG in four games for the Warriors this season.  Prior to the 2014 draft, McAdoo spoke with Hoops Rumors about his collegiate career and NBA goals.