This is shaping up to be a very busy day. I am going to use this thread to update with trades as they happen today.
I'll start with the Suns sending Shaq to Cleveland for Pavlovic, Ben Wallace, a second round pick and cash.
Then came New Jersey sending Vince Carter and Ryan Anderson to Orlando for Courtney Lee, Rafer Alston and Tony Battie. With the Magic getting Carter, it looks like they may be prepared to let Hedo Turkoglu walk.
Right on the heels of the Carter trade is this one: The Warriors have traded Jamal Crawford to the Hawks in exchange for Acie Law, and Speedy Claxton.
The Knicks have traded Quentin Richardson to Memphis for Darko Milicic.
This trade has been reported but not finalized. ESPN’s Ric Bucher reported that the Warriors and Phoenix have agreed to the basic terms of a trade that would send Andris Biedrins, Kelenna Azubuike, Brandan Wright, Marco Belinelli and the No. 7 pick to Phoenix for Amare Stoudemire. The deal is still pending Stoudemire agreeing to a contract extension with the Warriors or at least giving them an indication that he will agree to one.