RealGM

The Los Angeles Clippers acquired Lamar Odom from the Dallas Mavericks as part of a four-team trade also involving the Utah Jazz and Houston Rockets.

The Clippers sent point guard Mo Williams to the Jazz and the draft rights to Furkan Aldemir, the Clippers’ second round selection (53rd overall) in the 2012 NBA Draft to Houston while the Jazz conveyed the draft rights of Tadija Dragicevic, Utah’s second round pick (53rd overall) in the 2008 NBA Draft to Dallas.

To complete the trade, Dallas sent the draft rights of Shan Foster, the Mavericks’ second round selection (51st overall) in the 2008 NBA Draft to the Jazz with Houston sending cash considerations to Dallas.

The Houston Rockets have reached a verbal agreement with Chicago Bulls restricted free agent Omer Asik on a three-year deal worth $25.1 million, according to sources close to the talks.

Asik can't formally sign the deal until July 11, which is the first day new players can sign NBA contracts for the 2012-13 season.

The Bulls will then have three days to decide whether to match the offer or let Asik go.

Bulls general manager Gar Forman has made it clear that one of his top priorities was to re-sign Asik, but the structure of the deal could hurt Chicago's ability to keep him. The Bulls are close to the luxury tax and are wary of wading too deep into that territory.

Nets, Hawks Agree To Terms Of Joe Johnson Deal
July 2 at 4:18pm CST By Chuck Myron

The Nets and Hawks have agreed to terms on a trade that would send Joe Johnson to Brooklyn, tweets Chris Broussard of ESPN.com, who says the deal is contingent on Deron Williams agreeing to return to the Nets. However, David Aldridge of TNT says the Nets would agree to the deal regardless of Williams' status (Twitter link). Broussard adds that the deal would put the Nets out of the running of Dwight Howard, as it wouldn't leave enough cap room.

Adrian Wojnarowski of Yahoo! Sports tweets that the deal would send Jordan Williams, Johan Petro, Jordan Farmar, and Anthony Morrow to Atlanta, along with DeShawn Stevenson in a sign-and-trade, with Johnson heading to Brooklyn. David Aldridge of TNT adds that the Hawks would also get a 2013 protected first-round pick the Nets acquired from the Rockets (Twitter link).

While this may take the Nets out of the equation for D12, Josh Robbins of the Orlando Sentinel notes that it would put Josh Smith and Morrow, two of Howard's best friends, on the same team. As for Williams, the Nets are meeting with him right now, Broussard tweets, and informing him of the trade. Stefan Bondy says the deal would put the Nets in a better position to win now and in the future than the Mavericks, a point the Nets are surely stressing in the meeting.

Spears on Twitter wrote:Celtics & free agent G Jason Terry have reached agreement on 3-year deal paying mid-level exception, sources tell Y!

Adrian Wojnarowski ‏@WojYahooNBA
Deron Williams has reached agreement on a 5 year, $100 million extension with Brooklyn, a league source tells Y! Sports.

Marc Stein on Twitter wrote:As he just announced on Twitter, @DeronWilliams chooses five-year, $100M deal with Nets over four-year, $75M deal w/hometown Mavericks

Adrian Wojnarowski ‏@WojYahooNBA
Source confirms: The Suns are sending Steve Nash to the Lakers for draft picks.

The Phoenix Suns have reached a verbal commitment with free-agent forward Michael Beasley on a three-year deal worth $18 million, according to sources familiar with the deal.


Beasley
Beasley can't actually sign until July 11, when a leaguewide moratorium on new business is lifted.

Beasley chose the Suns from a group of five suitors after visiting with club officials on Wednesday, while Phoenix also was agreeing to send Steve Nash to the Los Angeles Lakers in a sign-and-trade deal.

Beasley flew to Phoenix to meet with the Suns on Wednesday, the second time the two parties met. The Suns flew to Los Angeles to meet Beasley earlier this week.

While Beasley has been dogged by bouts of immaturity throughout his four-year career, the Suns are not scared off by his reputation and instead are fond of him as a player and a person, sources told ESPN The Magazine's Chris Broussard.

Marc Stein ‏@ESPNSteinLine
Going online now: Suns move quickly after Steve Nash trade and strike four-year deal with Goran Dragic worth $34 million, sources tell ESPN

Houston has reached agreement to send Kyle Lowry to the Raptors for a package that includes a future lottery pick, source tells Y!

Marc Stein ‏@ESPNSteinLine
In another unforeseen twist of this wild offseason, sources say Jason Kidd has decided to leave Mavs and join Knicks on a multiyear deal

Woj on Twitter wrote:Orlando plans to pick up $6M option on final year of J.J. Redick's contract, league sources tell Y! Sports. Magic have until week's end

Gek wrote:Could you change the title to "transactions thread"?

The Grizzlies have agreed to a two-year deal with a third-year option with Darrell Arthur.

Arthur's deal is believe to be worth between $9 million and $10 million in total.

Woj on Twitter wrote:Rashard Lewis has agreed to a two-year deal with the Heat.

Lewis will receive the $1.35 million veteran's minimum in 12-13. The second season is a player's option.

Lewis was bought out by the Hornets following a trade from the Wizards.

Read more: http://basketball.realgm.com/wiretap/22 ... z20GkmUWsz

Marcus Thompson II/San Jose Mercury News wrote:The Warriors have traded Dorell Wright to the 76ers for the draft rights to an international player.

Golden State has long sought a trade of Wright.

The deal frees up $4 million in cap space and now have approximately $8 million in room before reaching the luxury tax.

Golden State can now use their mid-level and bi-annual exceptions.

Brian Windhorst wrote:Louis Williams and the Hawks have agreed upon a multi-year deal with the $5 million mid-level exception.

Williams opted out of the final season of his contract with the 76ers at $5.3 million.

Williams grew up in the Atlanta area and will help replace Joe Johnson.

David Aldridge wrote:Source confirms @DraftExpress report that Pacers will acquire C Ian Mahinmi from Dallas for G Darren Collison and swingman Dahntay Jones.

Sam Amick wrote:As @DraftExpress reported, the 25-year-old Mahinmi will receive a four-year deal worth $16 million in the deal.