6/16/09 Update: For discussion about the more recent Shaq rumors, click here.

6/25 Update: Shaq has been reportedly traded to Cleveland.

The trade deadline is at 3 PM ET today, and the rumors are flying fast and furious. I’m not going to spend too much time on each one, but here’s a rundown of the rumors…

- Yahoo! Sports says that the Cavs are considering acquiring Shaquille O’Neal at the cost of Ben Wallace and Sasha Pavlovic. I’m not sure what the upside is here for the Suns other than the fact that they’d get about $5 million in cap relief next season when Pavlovic’s salary comes off the books.

- The NBA league office apparently sent out a memo warning of drastic reductions in the salary cap and luxury tax thresholds, which may have a few teams scrambling today.

- There was some talk of a Tracy McGrady-for-Baron Davis deal, but that rumor seems to be dead.

- The Suns are reportedly still trying to pry talent away from the Grizzlies, offering up Amare Stoudemire for Mike Conley, Rudy Gay, Hakim Warrick and a 2009 first round draft pick. Unsurprisingly, the Grizzlies have declined.

- The Bucks are trying to get out from under Richard Jefferson’s contract and they’ve been making some headway with the Blazers and Cavs about Raef LaFrentz and Wally Szczerbiak, respectively.

- The Cavs have been trying to pry Antwan Jamison away from the Wizards, who might be more willing to deal today with the news about the (possible) significant drop in the luxury tax threshold.

- The Vince Carter-to-the-Spurs talk has died down because they don’t want to give up Roger Mason or George Hill in the deal. Apparently, they want the Nets to give Carter away.

Deadline day is like a poker game with 20 people playing. Teams are holding out until the last minute hoping that they can get the best deal. Complicating matters is the state of the economy and the financial strength of the NBA. There could be a flurry of trades today or everyone could stand pat.

The trade deadline is Thursday, and trade talk is really heating up. Marc Stein gives us the latest.

Two rival executives we spoke with Sunday night immediately wondered whether the Suns’ decision to replace Terry Porter with Alvin Gentry would convince Phoenix to “tap the brakes,” as one put it, on its Stoudemire talks. If the Suns are going to try to recapture a semblance of what they had under Mike D’Antoni, with the only holdover from D’Antoni’s staff taking over, you can understand why Gentry would prefer to have Stoudemire for the rest of the season to help the cause.

Stoudemire is still under contract for another season, so it wouldn’t hurt the Suns if they wanted to see what Gentry could do with this group before moving their star player over the summer. I’d say that the Porter firing makes it more likely that Stoudemire stays put, though I’d still put the chances at better than 50/50 that Amare is moved before the trade deadline.

The answer is yes, according to Stephen A. Smith. Bosh has apparently told the team he doesn’t have any interest in staying in Toronto, and Smith said that Miami and Dallas were likely suitors in a possible trade.

Bosh’s contract runs through the 2009-10 season, so he is one of the members of the vaunted free agent class of 2010. Raptors GM Bryan Colangelo is no dummy, so his first step will be to try to convince Bosh to stay. If that fails, there’s a chance that the team could move him before the trade deadline, which is about three weeks away. They should be able to get more for Bosh now than during the offseason since whatever team trading for him will have his services for the remainder of this season and the playoffs.

Smith mentioned the Heat and the Mavericks as possible trade partners. Miami’s major trading chip is Shawn Marion, but he’s in the final year of his contract and most of the league seems to be unwilling to pay him what they believe he is going to ask this summer. For that reason, trading for the Matrix is a dicey proposition. In Dallas, Josh Howard would presumably be the centerpiece of a deal for Bosh, though he has now stated publicly that he wants to stay in Dallas.

One team that should put a trade offer together is the Cleveland Cavaliers. They do have Wally Szczerbiak’s expiring contract ($13 M), so the Raptors could get immediate salary cap relief. They could package Wally’s contract with J.J. Hickson and two or three future first round picks and see if the Raptors bite. It would be a heck of a lot easier to re-sign LeBron if Bosh were already in Cleveland.

I’d also like to see the Bucks make a play for the talented power forward. Would the Raptors take Michael Redd and Charlie Villanueva for Bosh? I realize that Bosh would be unlikely to re-sign unless the Bucks vaulted into the top four in the East, but with a starting lineup of Ramon Sessions, Charlie Bell, Richard Jefferson, Bosh and Andrew Bogut, that would be one of the better teams in the East.

I really don’t know what happened to the Raptors. After re-signing Jose Calderon to a long-term deal, acquiring Jermaine O’Neal to help down low, and the emergence of Andrea Bargnani as a legitimate scorer, the Raptors should be a lot better than they are. They’ve already lost two in a row and they have the Lakers, Cavs and Hornets coming up in a brutal three-game stretch. And now the news breaks that their franchise player doesn’t want to return.

Things are bad in Toronto.

2/2 Update: Bryan Colangelo says the rumors about Bosh not wanting to re-sign with Toronto are untrue.

“It isn’t true,â€� said Colangelo. “It’s a complete fabrication.â€�

“It’s a non-story. Stephen A. got a little carried away. I’ve e-mailed him to talk about it but he’s in bed with the flu. Maybe the basketball Gods have something to do with that. I don’t know where that story came from.â€�

It will be interesting to see what Smith has to say about this. He didn’t cite a source or act like he was breaking a story; he just said that Bosh has already told the team he doesn’t want to return as if it were common knowledge. I’d like to see Smith defend himself here.

2/3 Update: Chris Bosh speaks out about the story.

The Milwaukee Bucks’ playoff chances took a serious hit Saturday when Michael Redd went down with a knee injury.

Michael Redd has battled through some serious injuries during his pro basketball career but he has never had an injury that required surgery.

That’s why the Milwaukee Bucks guard is going through a difficult time after tearing the medial collateral and anterior cruciate ligaments in his left knee Saturday night against Sacramento.

Redd will undergo surgery in early February, although no date has been established yet.

The Bucks still have enough talent to finish in the 7th or 8th spot in the East, but they have to play with more consistency. Richard Jefferson, Charlie Villanueva and Andrew Bogut are going to have to pick up the scoring slack.

It’s early in the NBA season, but these four things have jumped out at me during the first week of action.

1. The Lakers are dominating, but Lamar Odom isn’t thriving off the bench.
The Los Angeles Lakers are 4-0 and have won those four games by an average of 20.8 points. Granted, they’ve already played the Clippers twice, but the Nuggets gave them a test in Denver. The Lakers are doing it with defense, holding opponents to just 39.3% shooting and 85.0 points per game. (The Lakers are second in the league in both categories.) The team is off to a quick start despite so-so play from Andrew Bynum (8.3 points and 9.3 rebounds) and Lamar Odom (10.0 points and 6.5 rebounds), who isn’t exactly tearing it up off the bench. His numbers are boosted by a pretty nice 15-point, nine-rebound effort against the Clippers last night. Those are kind of numbers that Odom should be posting on a regular basis. The Lakers are getting nice play from Trevor Ariza, who has produced 9.8 points and 4.3 rebounds in just 20.5 minutes of play. If he continues his deft shooting from long range (71%), it won’t be long before he cracks the starting lineup. One of the underlying strategies heading into the season was to cut back on Kobe’s minutes, and thus far the plan has worked. He averaged 38.9 last season and is only playing 33.3 this season. His minutes are likely to rise as the Lakers play in more close games, but right now Phil Jackson has to be feeling pretty good about how his team has started.

2. The Bucks are finally playing some defense.
Last season, Milwaukee was last in the league in defensive field goal percentage (48.0%), but through five games, they’re holding opponents to 44.2% shooting, which is #14 in the league. New head coach Scott Skiles demands a lot from his players on that end of the court and so far the Bucks are responding with increased effort. The addition of Richard Jefferson certainly helps defensively, but he’s also getting it done on the other end of the court. RJ is averaging 18.8 points, 5.8 rebounds and 4.4 assists per game, even though he’s only shooting 41% from the field. Without Michael Redd in the lineup, Jefferson had a great 32-point, nine-assist effort in a 112-104 overtime win against the Wizards Wednesday night. The Bucks are also getting great play from a couple of unexpected sources. Second-year point guard Ramon Sessions turned a few heads last year when he averaged 12.9 points and 12.4 assists (including a franchise record 24 dimes against the Bulls) over the last eight games of the season. The Mo Williams trade that brought Luke Ridnour to team looked more like a salary dump than a personnel move, but maybe the Bucks decided they had their point guard of the future in Sessions, who is averaging 17.3 points and 8.3 assists on the year. Second round pick Luc Mbah a Moute has outplayed first round pick Joe Alexander thus far. Skiles likes Mbah a Moute’s great defense and toughness, which he learned playing in Ben Howland’s system at UCLA for three years. He’s playing 25.2 minutes and is averaging 8.6 points and 5.0 rebounds per game. The Bucks are 3-2, but have a rough eight-game stretch ahead of them that features the Celtics (twice), Suns, Cavs, Spurs, Nuggets and Jazz. If they can come through that gauntlet close to .500, we’ll know that the Bucks’ improvement is for real.

3. The Spurs were thisclose to starting 0-4.
If not for last night’s 55-point, 10-assist, seven-rebound effort by Tony Parker that helped the Spurs survive a double-overtime scare against the Timberwolves, San Antonio would be looking at an 0-4 start. They lost to the Suns at home by five and to the Blazers by one in Portland, but it was the 98-81 loss to the Mavs at home that was really surprising. The Spurs’ problem is two-fold. Collectively, they’re getting older and they miss Manu Ginobili. Parker (33.3 points, 7.3 assists) and Tim Duncan (27.0 points, 11.8 rebounds) are doing all they can to keep the Spurs in games, but they aren’t getting much help from their supporting cast, specifically Michael Finley (33% FG%) and Kurt Thomas (14% FG%). The Spurs are getting good play from fifth-year guard Roger Mason, who is averaging 15.8 points per game on 60.5% shooting. He’s been extremely hot from downtown, knocking down 64% of this three-point shots. Right now, it’s a three-man show and that’s it; no other Spur is averaging more than 7.5 points per game. The schedule gets a little easier over the next two weeks, with winnable games against the Heat, Knicks, Bucks, Kings and Clippers. San Antonio should be back above .500 before too long.

4. Atlanta is off to a fast start.
In my 2008 NBA Preview, I had the Hawks ranked #20 to start the season. After a 3-0 start, they should definitely be in the top half, maybe even in the top ten. I thought the loss of Josh Childress and the steady decline of Mike Bibby would outweigh whatever improvements this young team could make, but they have proven me wrong. The Hawks’ three wins are impressive. They beat Orlando by 14 points on the road, beat Philly at home by seven and then beat the Hornets in New Orleans by eight. Joe Johnson has led the team in scoring in all three games, and is averaging 28.0 points, 5.7 rebounds and 3.7 assists on the year. Even more impressive, the Hawks have won despite poor shooting from Josh Smith (42%), Mike Bibby (34%) and Marvin Williams (39%). If Johnson is able to keep up this level of play, the Hawks shouldn’t have a problem making the playoffs for the second consecutive year. Long-term, I like the direction this franchise is headed, but they still need to find their point guard of the future. Mike Bibby is on the decline and Acie Law hasn’t done much in his young career to indicate that he’s the guy they should lean on. The Hawks will have plenty of cap space over the next couple of seasons, so they should be planning to find a point guard that can complement Johnson and forward/center Al Horford.

Offseason Movement: New GM John Hammond was busy this summer wheeling and dealing. Two starters from last season are gone. The Bucks traded Mo Williams to Cleveland in a three-way deal that brought Luke Ridnour from Seattle/OKC. Williams was more of a scorer, while Ridnour is definitely a pass-first point guard. The team also traded Yi Jianlian (and Bobby Simmons) to the Nets for Richard Jefferson. This move implies that the team is in “win now� mode, which makes sense given the roster.
Keep Your Eye On: Charlie Villanueva
Everyone thought that Charlie V would be one of the first Bucks to go once Hammond took over, but the team dealt Yi instead and they’re expecting V to take over at power forward. In the 31 games he started last season, he averaged 15/8, so if he can play enough defense to make new coach Scott Skiles happy, he could be in for a big year. The Bucks sure need him to break out, and there’s a good bet that he will, especially if he takes the ball to the hole more.
The Big Question: Can Scott Skiles whip this team into shape?
For the last several years, the Bucks have lacked a defensive mindset and toughness. There’s definitely enough talent to compete; a starting five of Ridnour, Michael Redd, Jefferson, Villanueva and Bogut makes for a good young core of skilled offensive players. If Skiles can get them to increase their effort on defense, the team should make a jump in the standings. It’s no sure thing that all the players will buy in; it’s just as likely that the Bucks will be looking at a losing record two months in and Skiles will have a revolt on his hands.
Outlook: Encouraging. The addition of Jefferson is a huge upgrade at small forward, which has been a weak spot for the last two seasons. The loss of Yi is a loss of potential only, as Villanueva should be able to produce better numbers from that position. Assuming good play from Redd and continued growth from Bogut, the Bucks are one of the darkhorses in the East. If Ridnour helps the team meld into a single cohesive unit offensively and Skiles can get them into the middle of the pack defensively, then the Bucks will be in business.