PBT’s constantly updated trade deadline tracker

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Here it is — the one place where all the NBA’s trade deadline news and rumors will be. With our thoughts on everything. This post will be constantly updated throughout the day as the newest information becomes available. Just hit refresh and you will know the latest.

The trade deadline is 3 p.m. Eastern (all times in this post are Eastern)

3:00 pm: DEADLINE. I’m having a beer. (Note, sometimes deals leak out at deadline, but there is confirmation of no deals for Raymond Felton, Jamal Crawford or Chris Kaman).

2:59 pm: The Lakers traded Derek Fisher. Didn’t expect that. To the Rockets for Jordan Hill. The Lakers also sent off their other first round pick in the deal. Not a big thing on the court, but that is going to tick off Kobe Bryant.

2:49 pm: Multiple reports now say the three team deal — Lakers, Timberwolves and Blazers — that would have moved Jamal Crawford and Michael Beasley appears to be dying if not already dead and lying in a ditch somewhere.

2:43: It appears the Hornets will not make a deal to move center Chris Kaman before the deadline, with Adrian Wojnarowski of Yahoo confirming. Now, if the Hornets were a normal team they would try to reach a buyout deal with Kaman in the next few days. However, with the league owning the team that may well not happen. Why? Because the Miami Heat would be primary suitors of a free agent Kaman and the other owners don’t want that to happen. (Think I’m kidding? Remember the Chris Paul to the Lakers deal and how the other owners killed that?)

2:40 pm: Also on the Sessions to the Lakers deal — Los Angeles also will send Jason Kapono to Cleveland.

2:39 pm: Knew their had to be more, along with Richard Jefferson Golden State got a first round pick from the Spurs, reports Marc Spears of Yahoo.

2:34 pm: Now we have the details on the Marcus Camby to Houston trade: Hasheem Thabeet, Jonny Flynn and a second round pick go back to Portland. Before you think Portland got hosed here, Thabeet and Flynn have team options for next year, so the Blazers just cleared some cap space. Still, love this deal for Houston.

2:30 pm: The rumor has become official — Stephen Jackson has been traded to the San Antonio Spurs for Richard Jefferson. Marc Spears of Yahoo was first with the story. Curious to see if a pick is included because Jackson’s deal is expiring but Jefferson has one more year left.

2:25 pm: The Houston Rockets have gotten the center they wanted — Marcus Camby from the Portland Trail Blazers. Not sure yet what is headed back to the Pacific Northwest. But this is a good deal for Houston — they needed a defensive minded big in the paint. Tough out in the playoffs for whoever gets them.

2:18 pm: The Lakers getting Sessions would seem to mean they are ready to ship out Steve Blake in a three-team deal (Lakers get Michael Beasley, Minnesota gets Jamal Crawford). The Lakers also would have to send out a pick or some other kind of sweetener in that deal. The Lakers could stand to lose a point guard off the roster now. Reports are those talks are still going on.

2:03 pm: ESPN’s Ric Bucher is reporting that a Stephen Jackson for Richard Jefferson trade is being discussed. Not sure why the Spurs would do that, other than to save money.

2:00 pm: One hour remains until the trade deadline.

1:46 pm: The Lakers/Cavaliers deal actually shakes out to be Ramon sessions and Christian Eyenga to the Lakers, Luke Walton and the Lakers first round pick to the Cavaliers. That may be more than the Lakers wanted to pay, but with a good point guard now they are maybe the second best team in the West. Or at least in that discussion.

1:32 pm: The Lakers have gotten a point guard by trading for Ramon Sessions of the Cleveland Cavaliers, according to Brian Windhorst of ESPN. The cost is one of the Lakers first round draft picks this year (the Lakers have two, they keep the Dallas pick from the Lamar Odom trade).  L.A. was reluctant to give either of those up as they are key parts of their strategy to lower their salary levels and tax payments in future years. But they needed a point guard more. Sessions can opt out of his contract after this season.

1:25 pm: The Nets/Blazers trade we talked about earlier is not official (and is now officially the biggest trade of the day. The Nets get Gerald Wallace. The Trail Blazers get the expiring contract of Mehmet Okur, Shawne Williams and a 2012 first round pick that is top three protected. Not a great trade for the Nets, but they did something and their starting five just got better.

Good enough to keep Deron Williams….. probably not. But that is another day.

1:02 pm: Boston is trying to trade Jermaine O’Neal — well, mostly his expiring contract — in a package deal. If it falls through, O’Neal wants the Celtics to buy him out. Reports are the Heat (desperate for a true big man due to playoff matchups) would have interest in picking him up if he does get bought out.

12:49 pm: The deal between the Blazers and Nets would be Mehmet Okur, Shawne Williams and a protected 1st round pick to Portland; Gerald Wallace to the Nets. That according to Adrian Wojnarowski of Yahoo. That wouldn’t be bad for the Nets. When healthy their starting five would be Deron Williams, MarShon Brooks, Gerald Wallace, Kris Humphries and Brook Lopez. That’s a playoff team. Not a contender, but a playoff team in the East.

12:29 pm: The Portland Trail Blazers and New Jersey Nets are in serious discussions of a deal that would send Gerald Wallace to the Nets, reports Adrain Wojnarowski of Yahoo. The Nets need to so something to help their roster out and convince Deron Williams to stay. The Trail Blazers would want picks and young players, things the Nets have. There may be a deal to be had there.

12:26 pm: ESPN’s Chris Broussard just said on SportsCenter that he got a text from Dwight Howard saying he signed the papers — he will stay with the Magic for another season.

Which means next trade deadline we may have to do this all over again (his contract will end in the summer of 2013, along with Chris Paul).

12:24 pm: Quick point guard note update: Looks like that Eric Bledsoe is staying put with Clippers. However, the Bobcats are listening to offers for D.J. Augustin. And if anyone is really desperate, Jonny Flynn is still out there.

12:22 pm: Dwight Howard update… there is no update. The Magic are waiting for him, however reportedly they are confident and are making plans for a press conference with him.

11:58: Quick update on the trade of Leandro Barbosa to the Pacers: The Raptors get back veteran guard Anthony Carter as well as a second round pick. The Pacers were going to cut Carter so he’s just a throw in the Raptors can use the rest of the season.

11:55 am: The Nets continue to reject all offers for Deron Williams — and that includes the idea of a Pau Gasol for D-Will trade, according to Marc Stein at ESPN. The Nets apparently rejected that before the season and said they would turn it down again now.

11:38 am: Couple interesting notes via Adrian Wojnarowski of Yahoo:

The Celtics are getting a lot of offers for Ray Allen, some good young players and some first round picks (which teams are very slow to offer this year). The Celtics are holding out for both.

The Hornets had been demanding a first round pick for Chris Kaman and the market would not pay it. Now they are starting to lower their demands, making a deal before the deadline much more likely.

11:11 am: The Indiana Pacers have acquired backup point guard Leandro Barbosa from the Toronto Raptors, according to Marc Spears at Yahoo. I like it for the Pacers, who get a nice reserve guard who can push the tempo and give them solid minutes behind Darren Collison. The Raptors reportedly will get a second round draft pick in the deal.

11:04 am: One deal to watch, the Nets reportedly are trying to get the expiring contract of Boris Diaw from the Bobcats for Jordan Farmar and Johan Petro. The trade would give the Nets some cap relief this summer as Diaw is an expiring deal, the Bobcats get some players.

Don’t expect the Suns to make a move at the deadline, not with Steve Nash, not with anyone, so reports our own Brett Pollakoff.

10:58 am: We have our first trade of the day — Philadelphia will get Sam Young from the Memphis Grizzlies for the rights to Ricky Sanchez, a 2005 second-round pick who currently plays in Argentina, according to Philly.com.

10:38 am: The New Jersey Nets are shooting down all requests for a trade involving Deron Williams, reports Marc Stein of ESPN. They may just try to convince him to stay this summer, in part because they need to — they need a star to open the Brooklyn arena — and in part they couldn’t come close to getting value back for him. Everyone expects him to opt out, the offers would be lowball ones.

10:05 am: We mentioned below that the Celtics have interest in getting J.J. Hickson from the Kings, but ProBasketballDraft is saying watch out for the Nets. (For the record, ProBasketballDraft has no affiliation with this site.)

Celtics GM Danny Ainge does not sound like a guy likely to make a trade today.

9:45 am: Here is where we stand as the morning kicks off:

• Dwight Howard wants to stay with Orlando, but the paperwork is not formally filed yet.

• A three-team trade that would send Jamal Crawford to the Timberwolves (from the Trail Blazers), Michael Beasley to the Lakers (from the Timberwolves) and Steve Blake plus a pick from the Lakers to the Trail Blazers is reportedly near completion. There have been some hang-ups about exactly what the pick would be, but this deal is close according to multiple reports from various teams involved. There have been reports the Lakers wanted Luke Ridnour in this deal, but with Ricky Rubio out for the season it’s hard to see Minnesota giving him up.

• The Pacers are going to try and make another run at getting Chris Kaman from the Hornets, according to the Indy Star.

• The Celtics are reportedly interested in getting J.J. Hickson out of Sacramento. Don’t bet on this one, hard deal to pull off, but they are talking.

• The Wizards are trying to move JaVale McGee, but are asking a high price, according to Marc Spears at Yahoo. Which probably has other GMs laughing. Hard.

• It’s not a trade but we’ll put it here — the Grizzlies are going to work out and have interest in Gilbert Arenas, according to the Commercial-Appeal.

Marc Gasol opting in with Raptors for $25,595,700

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He joined the Raptors this season, helped them win a championship and will stay.

No, not him.

Marc Gasol, who had a $25,595,700 player option for next season.

Raptors PR:

Marc Gasol has exercised his player option with the Raptors for the 2019-20 season.

If Kawhi Leonard re-signs, Toronto will be happy to have a solid starting center like Gasol for a title defense. This leaves Leonard and Danny Greenwho’ll also be an unrestricted free agent – as the only core Raptors not locked up for next season.

But if Leonard leaves, Gasol will be an overpaid cog on a middling playoff team. There just isn’t that much of a market for merely solid centers, especially a 34-year-old.

Of course, Toronto knew Gasol’s salary situation when acquiring him just before the trade deadline. The Raptors got the best immediate outcome with a championship. Paying him $25,595,700 next season is a perfectly acceptable cost.

Report: Sixers ‘expressing confidence’ they will re-sign Jimmy Butler; Rockets still seek sign-and-trade

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If the Philadelphia 76ers put a five-year max contract of $189.7 million in front of Jimmy Butler, the smart bet is he signs it. Fast. Butler will be 30 next season and has a growing history of injuries, plus the Sixers are going to be contenders with him. That’s a lot of money and a good situation to walk away from.

The Rockets are still hoping to lure him away to Houston, forcing a sign-and-trade on Philadelphia, but the Sixers are confident they will keep him, reports Adrian Wojnarowski and Zach Lowe of ESPN.

As noted in the ESPN story, there is no indication that the Sixers or Butler are down with this trade idea.

The only way this sign-and-trade happens is if Butler goes to the Sixers and says he’s leaving anyway and wants a sign-and-trade to Houston. Then Philadelphia would play along only because they could get something back for Butler, rather than losing him outright.

However, I have heard from league sources that if Butler leaves Philly the Lakers are the team at the top of his list, paring with LeBron James and Anthony Davis. Whether that is true or not, he has options including the Knicks. Maybe for Butler the chance to chase a ring with James Harden and Chris Paul is a bigger draw, however, to make that happen the Rockets will be stripped of a lot of depth. If the Lakers add Butler at the max, they will have three stars, Kyle Kuzma, and the rest of the roster will be minimum contract guys (plus somebody for the $4.8 million room exception).

If Butler leaves Philadelphia, the most he can sign for with any team is a four-year, $140 million contract. That includes in a sign-and-trade with the Rockets, under the new CBA a player cannot sign the larger five-year max as part of a sign-and-trade, it can only be for the $140 million the Rockets could sign him with outright.

While this is a fun rumor and report that gets a lot of ink, it seems highly unlikely to come together. Never say never in the NBA, but this seems a longshot.

That said, a Rockets locker room with Jimmy Butler, James Harden, Chris Paul, and a lame duck coach would be good for those of us who love NBA drama.

Rumor: Several teams want to pair Kawhi Leonard, Jimmy Butler

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Kawhi Leonard is choosing between staying in Toronto with the Raptors or coming to Southern California and being a Clipper, according to sources and multiple reports.

Jimmy Butler probably signs a five-year max contract to stay in Philadelphia if the Sixers put it in front of him (as their management has said it would do), but if not the Lakers are considered to be the frontrunners according to the buzz around the league.

However, there are teams dreaming of pairing Butler and Leonard this summer, reports Ian Begley of SNY.tv.

Multiple teams have expressed interest in pairing Kawhi Leonard and Jimmy Butler together in free agency this summer, per league sources familiar with the matter.

Those teams, obviously, would need to create the cap space required to sign both players. The teams interested in Butler and Leonard believe they would have interest in playing on the same team, per league sources.

This doesn’t suggest that Leonard is seeking to team up with any other player; that doesn’t fit his persona. But teams interested in pairing Leonard and Butler believe they would have interest in playing together.

There is a whole lot of supposition in that report (and from teams).

First, and Begley touches on it, this assumes that Leonard wants to team up with Butler, or anyone for that matter. Superteams are not his style. Butler can bring drama with him, and that is also not Leonard’s style. On the flip side, does Butler want to partner up with Leonard?

Second, there are not a lot of teams that can clear two max salary slots. Brooklyn, the Clippers (if they trade Danilo Gallinari, something certainly possible), the Knicks and maybe a couple others with some cap gymnastics. Just a note here: the writer Begley is based in New York and covered the Knicks for ESPN for many years. Draw whatever conclusions you want from that.

Third, this is most likely not the path for either of them. Never say never, because NBA free agency can flip on a dime, but pairing those two is not the most likely outcome.

But it’s the silly season, so rumors are everywhere.

NBA reportedly clears Omer Asik’s $3 million salary off Bulls books

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Omer Asik came to Chicago as part of the Nicola Mirotic trade, but last season he never set foot on the court for the Bulls. Back in training camp, Asik was ruled out indefinitely with inflammatory arthritis, the latest flare-up in a condition that has been an issue for years. Asik had played in just 49 games combined the two seasons before sitting out this last one.

During training camp, the Bulls waived Asik. He was paid his full $11.3 million for this season and had a $3 million guarantee for next season.

After applying to the league to have it removed (because Asik hadn’t played in a year due to injury and was not expected to in the future), that $3 million is coming off the Bulls’ books in time for free agency, reports Shams Charania of The Athletic.

That $23 million is not a max player slot, but it is a little more money for the Bulls to spend as they chase a point guard and look to add depth and shooting to their young roster.

Asik still gets paid the $3 million, it just doesn’t count against the Bulls salary cap.