Deal according WOJ:

In the proposed deal, Dwight Howard, Jason Richardson and Earl Clark would be sent to Brooklyn, and the Magic would receive the Nets’ Brook Lopez, Damion James, Sheldon Williams, Cleveland’s Luke Walton and three future first-round picks, sources said. Cleveland would receive Orlando’s Quentin Richardson, Brooklyn’s Sundiata Gaines, Kris Humphries (on a one-year guaranteed deal), a first-round pick and $3 million from the Nets. Brooklyn also would send (MarShon) Brooks to a fourth team to get them an additional first-round pick to send to the Magic.




Also,
The Pacers are matching Portland's 4-year, $58 million offer to Hasheem Thabeet Hibbert, according to a source



[This message has been edited by Iowaggie (edited 7/9/2012 1:41p).]

Also, it looks like Rashard Lewis to the Heat and Camby to the Knicks.

AlexKennedyNBA: It sounds like the Magic, Nets and Cavaliers have found a fourth team to facilitate their potential blockbuster deal.




Rockets?
Grizz?

Camby gets a 3 year $13MM deal with the Knicks. Damn that's a lot of years.

As part of the Camby sign and trade deal, Rockets get Toney Douglas (PG), Jerome Jordan (C), Josh Harrellson (F) and the Knicks 2nd round pick in both 2014 and 2015.

Wizards will likely release Andray Blatche through amnesty clause during July 11-17 window

Rashard Lewis will officially sign with the Miami Heat tomorrow, source close to the forward confirms.

The Atlanta Hawks and unrestricted free agent guard Lou Williams have come to an agreement on a multi-year deal.

@ESPNSteinLine: New free-agent development: G Jerryd Bayless has reached an agreement to sign with Memphis. Deal on course to be finalized later Wednesday.


Also, Grizzlies re-signed Mo Speights and Darrell Arthur.

The Pacers officially signed unrestricted free agent point guard D.J. Augustin on Friday.

Augustin’s addition was necessary to fill the vacancy created when Darren Collison was dealt to the Dallas Mavericks on Wednesday.




And the Charlotte Bobcats had signed former Los Angeles Lakers point guard Ramon Sessions.

This could be big, but unlikely.

The Houston Rockets are ready to make a trade for Dwight Howard, sources confirmed to Local 6 Sports Director David Pingalore.

NBA sources have confirmed to Pingalore on Thursday night that the Rockets will not only give picks and players, but "cash is the priority."

Pingalore was told this was the team Howard is most likely to end up at. However, Pingalore also learned Oklahoma City is making a push for the Magic center. Pingalore was told that the Thunder are offering James Harden and Serge Ibaka.

"Pingalore was told that the Thunder are offering James Harden and Serge Ibaka."

Pretty sure that came from a fake twitter source. No way the Thunder offer it and if they did the Magic would have accepted on the spot.

Dwight wouldn't sign with a small market team like OKC. Not in a thousand years.

Another rumor involving Howard and Bynum:

The Los Angeles Lakers, Orlando Magic and Cleveland Cavaliers have discussed a three-team deal that would send disgruntled superstar Dwight Howard to Los Angeles, according to sources close to the situation. The three teams have discussed a number of scenarios. While no trade is imminent, the talks are ongoing.

One scenario would send Howard to Los Angeles, Andrew Bynum to Cleveland and a package of picks and prospects to Orlando, according to sources.

The Lakers would land Howard, who they have been aggressively pursuing for quite some time.

The Cavaliers would acquire a second star to put alongside Kyrie Irving, one that they should be able to keep long-term since Cleveland has been mentioned as a team that Bynum will consider signing an extension with.

The Philadelphia 76ers have agreed to a $6 million, two-year contract with former No. 1 overall draft pick Kwame Brown.

Free agent Aaron Brooks is on the verge of signing a two-year deal with the Sacramento Kings, according to sources close to the situation.




The Atlanta Hawks have waived Jordan Farmar.




Kings also fully renounced rights to Donte Green and Terrence Williams

Looks like Jimmer may be in trouble.

quote:

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In a significant blow to its Los Angeles rival, the Los Angeles Clippers are finalizing a two-year contract with free agent Grant Hill, league sources told Yahoo! Sports.

The Clippers have several ways to complete the deal, including through a sign-and-trade with the Phoenix Suns or using its bi-annual exception.

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[This message has been edited by Iowaggie (edited 7/17/2012 9:13p).]

The Wizards, Clippers and the Nuggets have amnestied Andray Blatche, Ryan Gomes, and Chris "Birdman" Andersen.

The Mavs look to pick them all up.