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.

Clippers’ Milos Teodosic opts into $6.3 million for next season

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It was a lot of fun to watch Milos Teodosic play last season…

When he was healthy. He only played in 45 games for the Clippers last season.

Teodosic will be back in the NBA next season, as he has told the Clippers he will opt into a $6.3 million next season, reports Shams Charania of The Vertical at Yahoo Sports.

The Clippers can buy him out by July 15 for $2.1 million, and that likely will happen. The Clippers are deep at the point guard spot (Patrick Beverley, Austin Rivers, Shai Gilgeous-Alexander, Jawun Evans) and with a lottery rookie in the fold they will want to get him run.

Expect the Clippers to try to trade him in the next three weeks. He would have value to a team looking for a backup point guard — when he did play he averaged 9.5 points per game, shot 37.9 percent from three. The fans will love his passing and play. The coach will like him too… when healthy.

Report: Suns to renounce rights to Alex Len, Elfrid Payton

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The Suns want to free up some cap space heading into July. They are not going big game hunting, but with $10 million to $15 million they could bring in some solid veterans to provide leadership to their young core — and win a few games along the way.

How they get there starts with not bringing back Alex Len or Elfrid Payton, reports Scott Bordow of the Arizona Republic.

Expect them to renounce their rights to center Alex Len and point guard Elfrid Payton, making them both free agents. Ayton’s addition has made Len expendable, and while Phoenix still needs point-guard help, Payton’s inconsistent play last season and, more importantly, his $10 million cap hold figure, likely means he’s played his last game in a Suns uniform.

This was expected. In Len’s case, he was playing on a qualifying offer and didn’t anticipate being back with the team (especially after they drafted Deandre Ayton).

The Suns acquired Payton at the trade deadline for a second-round pick (which was just by Orlando to land Jarred Vanderbilt) and it was a good flier. The Suns need a point guard to go next to Devin Booker, Payton is a former lottery pick that had shown flashes in the past, so Phoenix rolled the dice on him. It didn’t work out, and the Suns can just move on.

Both Len and Payton probably find new homes in the NBA next season. Len is 7’1″ and can use that size to protect the paint, plus he can score around the rim. Teams can use that off the bench. Payton has shown enough in flashes, and he can get buckets, that some team will grab him, just probably as a reserve.

Markelle Fultz’s new trainer describes him as having the “yips”

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It was about this time last year that Markelle Fultz started to change his shot. As Sixers coach Brett Brown said just before the start of training camp: “Markelle has made some personal adjustments to his shot since we last saw him in Vegas, we’ve done stuff with him but really he’s been with his personal trainer over the month of August and since Summer League ended.” What followed was a chicken-and-egg debate about whether the new shooting form caused his shoulder problems or the injury forced the change, either way the combination of the two sidelined for most of his rookie season.

Fultz’s new trainer — the well known and respected Drew Hanlen, who has worked with Bradley Beal, Joel Embiid, and many others — admitted Fultz now has the “yips” and he needs to get the young player back to who he was in college. Hanlen spoke on the Talking Schmidt Podcast (hat tip Bleacher Report and Kyle Neubeck) about Fultz.

“With Markelle, obviously he has one of the most documented cases of kind of the yips of basketball in recent years, where he completely forgot how to shoot and had multiple hitches in his shot. So for me it was, ‘Hey listen, how can I get this kid that was No. 1 in last year’s draft back rolling and get him to the point where he was before, if not better?’…

“We’ve been working hard every day, working on rewiring his body and getting a kind of smooth stroke back into his shot. We’re way ahead of pace where I thought we were going to be, I thought it was going to take me at least six weeks before we had kind of a serviceable jump shot, and we’re already starting to shoot with a jump in week two.

“It’s not perfect yet, but I think by the end of the summer it will be perfect, he’ll be back rolling and he’ll show people why he was the No. 1 pick. Even though I still give him trouble on a daily basis and tell him and remind him I still believe Jayson Tatum was the best player in that draft.”

That should light a fire under Fultz.

It’s far too early to write off Fultz as some want to do, we just do not know yet what kind of player he will be at the NBA level. His rookie year was lost to the yips, and someday there will be a great 30-for-30 (or maybe just a Drunk History segment) about what happened to Fultz’s shot. It will get the full D.B. Cooper treatment.

The Sixers just want the guy they drafted back, not the one who came to camp last fall. With where he is in the process, we may not see Fultz at Summer League (the Sixers have yet to release their Summer League roster). It may be training camp before we get a good look at his reworked form.

Dwyane Wade wants to own an NBA team someday, ideally in Seattle

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It’s a sign of how much NBA players get paid these days, and how much money they can make off the court with shoe deals and other endorsements, plus investments and their personal businesses:

More than one big name NBA star hopes to be part owner of an NBA team someday. They still want to be like Michael Jordan (chairman/owner of the Charlotte Hornets).

Put Dwyane Wade in that group. Not only did he tell Joel Weber of Bloomberg News he wants to own a team, but also he wants to own one in Seattle.

I definitely want to be a part of ownership in the NBA. I’m not going to try to buy a team. I don’t have that kind of bread, but I definitely want to be a part of a great ownership group. NBA Commissioner Adam Silver is all about players being involved in an ownership capacity. You’ve got players like Grant Hill involved in the Atlanta Hawks. Shaquille O’Neal is involved in the Sacramento Kings. It’s definitely something that I’ve talked about, some of my friends have talked about. But, first of all, I’d have to be retired.

Which team?

Seattle. I want Seattle’s team, the Sonics, to come back. I think Seattle is a great basketball town. I would love to be a part of that. But I’m open—if you know somebody.

It’s not now, but it’s not going to be that long before Wade retires. Then he’ll have to pick his spots with ownership, just like any business.

Seattle deserves to get a team back (wearing the Sonics colors and uniform). It’s just going to take a while. Right now there is no appetite for expansion among NBA owners, if a team goes to Seattle (or Las Vegas, or Mexico City, or anywhere else) it will be because an existing team moves. Current NBA Commissioner Adam Silver is more about stability and teams staying in cities rather than seeing them move — he helped create the opportunity for Vivek Ranadive to keep the Kings in Sacramento rather than move to Seattle — but the day will come when an owner sells and the new one is looking to get out of the lease and on to a new (usually bigger) market. That’s not on the immediate horizon with the NBA, but it’s coming.

And Dwyane Wade will be ready.