The whirlwind of trade rumors ahead of the start of the NBA’s free agency period have officially reached hurricane force.
With the Orlando Magic and Brooklyn Nets discussing a Dwight Howard deal, the Atlanta Hawks dumping salary left and right and a pair of aging free agent sharpshooters visiting title contenders in search of a new home, the NBA offseason is in full swing.
Tuesday afternoon’s latest developments include the Boston Celtics reportedly closing in on an agreement with Jason Terry to replace Ray Allen, who is reportedly dipping his toes into the warm Miami waters.
Free agency is eight days away, and the activity will continue to pick up between now and then. Here’s a quick look at today’s top rumors and their “sources.”
■ The biggest deal already in place will send Atlanta Hawks All-Star guard Joe Johnson to the Brooklyn Nets for a pile of expiring contracts. The two teams have reportedly reached an agreement that would give the Hawks the expiring contracts of Jordan Farmar, Anthony Morrow, Johan Petro, DeShawn Stevenson and Jordan Williams. (ESPN’s Chris Broussard)
■ Atlanta will also reportedly deal forward Marvin Williams to the Utah Jazz for the expiring contract of Devin Harris. (ESPN’s Marc Stein)
■ The Raptors have reached a verbal agreement with New York Knicks restricted free agent Landry Fields. The offer sheet is for a deal reportedly worth nearly $20 million over three years. When the offer becomes official, the Knicks will have three days to decide whether to match it. (EPSN’s Marc Stein)
■ According to multiple reports, the Magic are exploring a blockbuster offer from the Nets for Howard. One version of the deal, as reported by ESPN’s Chris Broussard, would send Brook Lopez, Kris Humphries and MarShon Brooks to Orlando along with first-round picks in 2013, 2015 and 2017. That particular deal could require the involvement of a third team to execute.
■ But naturally, other teams are also eying Howard, who along with Chris Paul would be the biggest free agent on the market next summer if he remains with the Magic. Danny Ferry’s fire sale in Atlanta would set the Hawks up to be a potential suitor, but the Los Angeles Lakers are now in trade talks with Orlando, too. The Lakers are reportedly putting together a trade package focused around center Andrew Bynum. (Yahoo Sports’ Adrian Wojnarowski)
■ The Celtics are making “great progress” in discussions with Terry over the last few hours. Terry, who averaged 15 points for the Mavericks last season, would provide a suitable outside shooter to replace Allen. (Boston Herald)
■ Allen, meantime, is scheduled to visit the NBA champion Heat on Thursday. He’ll then head to L.A. to meet with the Clippers. The Grizzlies are also reportedly interested in acquiring the 36-year-old guard. (NBA.com’s David Aldridge)
■ Free agent point guard Jeremy Lin will visit the Houston Rockets on Wednesday. (ESPN’s Chris Broussard)