Multiple media outlets are reporting the Atlanta Hawks and Nets have agreed to a trade that would send All-Star guard Joe Johnson to Brooklyn.
The Nets would send guards Anthony Morrow, Jordan Farmar and DeShawn Stevenson and forwards Jordan Williams and Johan Petro to the Hawks, along with a draft pick Brooklyn received from Houston.
The selection only belongs to the Nets if it is not a lottery pick.
Johnson has four years and $90 million left on his contract.
The franchise is set to play in a newly built arena in New York after moving from New Jersey.
Sources also report that the Hawks are closing in on a second significant trade, agreeing in principle to trade forward Marvin Williams for Utah Jazz point guard Devin Harris.
The deal, which is pending league approval, would mean that new Hawks general manager Danny Ferry will have shed Atlanta's two most onerous contracts -- Johnson and Williams -- in his first week on the job.
Scott Brooks has signed a multiyear extension to return as coach in Oklahoma City. General manager Sam Presti announced that Brooks agreed to a new contract, less than two weeks after the Thunder lost in five games to the Miami Heat in the NBA Finals. The team did not disclose terms of the contract. Other media outlets have reported the deal is for four years at more than $4 million per year.
Boston president Danny Ainge is determined to keep the team's Big Three in Boston next season. Ainge said he is hoping to keep intact the aging trio of Kevin Garnett, Ray Allen and Paul Pierce, who brought the Celtics their first NBA championship in 22 years in 2008. Pierce is already under contract and Garnett has reportedly agreed to a new three-year deal that can't be finalized until July 11 -- the first day free agents can officially sign. What's left for Ainge is to convince Allen, a free agent, to stay.
New Orlando general manager Rob Hennigan revealed that Dwight Howard told him in a meeting last week that he would like to be traded to the Brooklyn Nets, but Hennigan said he has not committed to honoring that demand. He said will keep communication lines open between the All-Star and his agent. Magic CEO Alex Martins has said that the organization will not enter next season with Howard's situation unresolved.
Minnesota hosted restricted free agent swingman Nicolas Batum and unrestricted free agent forward Jordan Hill for visits. Batum flew in from his native France to meet with Timberwolves officials. The 23-year-old averaged 13.9 points and 4.6 rebounds in his fourth year with the Trail Blazers last season. Hill is a 6-foot-10 forward who averaged 5.0 points and 4.6 rebounds for the Rockets and Lakers.
Anthony Davis has a left ankle sprain that must be evaluated later this week before he can be cleared to practice with the U.S. team. Davis hurt his ankle at the team's training center on Saturday, and Charlotte spokesman Harold Kaufman said that the club considers Davis status for resuming training as day to day. The 6-foot-11 Davis, who led the nation with 4.65 blocks per game while leading Kentucky to a national title, is among the players being considered for the American Olympic squad.