Per TrueHoop…

Although a verbal commitment may be announced sooner, the terms of the contract cannot be finalized until Wednesday when the NBA informs teams what the 2009-10 salary cap will be.

The Orlando Magic’s recent trade for Vince Carter, who has a large salary and plays small forward — which is Turkoglu’s position — made it highly unlikely Turkoglu would be back in Orlando.

The Toronto Raptors expressed interest in Turkoglu, but were constrained by their other efforts to keep Shawn Marion and Carlos Delfino.

Turkoglu, a 6-10 forward from Turkey who played a prominent role in the Magic’s recent trip to the NBA Finals, had been looking for a five-year deal in the neighborhood of $50 million.

Five years and $50 million is a lot for Turkoglu, who is already 30 years-old and isn’t particularly efficient statistically. But his game is a pretty good fit for the Blazers, who want to space the court for Brandon Roy. Turkoglu is a good enough shooter to do that, plus he can handle the ball really well for a small forward, which help to take the pressure off of Roy. In fact, with Roy at the two and Turkoglu at the three, there’s enough ball handling there that the team doesn’t have to play with a traditional point guard. This may open up minutes for Rudy Fernandez, who was reportedly upset about the Blazers’ interest in Turkoglu.

The other thing to remember is that the Blazers’ cap space wasn’t going to last. They have to sign both Roy and LaMarcus Aldridge to big extensions as soon as this summer and Greg Oden will be eligible for an extension next summer. It was sort of a “use it or lose” it scenario for the Blazers, and owner Paul Allen has never been afraid to spend. They added a versatile, experienced small forward who proved in the playoffs that he knows how to win. $10 million per season is a lot for Turkoglu, but his game should age pretty well, so at worst the Blazers should get quality play for the first three or four years of the deal.

What’s lost in all of this is the fact that Orlando will not be bringing back the core that went to the Finals this year. Chemistry is a rare quality and the Magic may rue the day that they brought in Vince Carter and waved goodbye to Turkoglu. After all, there were two overtime games in the first four, and the Lakers won both. Had those games gone the other way, the Magic would have led the series 3-1 with Game 5 at home to clinch the title. They didn’t need to tinker this much, and GM Otis Smith may eventually regret it.

Whoa! I thought Vince Carter might be on the move, but I wasn’t expecting this.

The New Jersey Nets have agreed to a trade in principle with the Magic that will send Vince Carter and Ryan Anderson to Orlando for Rafer Alston, Tony Battie and Courtney Lee, two league sources told ESPN.com.

As for the Nets, the move is a cost-cutting measure. Both Alston and Battie are in the last year of their contracts, and trading for them would shave $16.5 million off New Jersey’s roster in the summer of 2010 and put the Nets well below the salary cap.

Now this is a trade that helps both teams, unlike the Suns’ Shaq giveaway and the Bucks’ donation of Richard Jefferson to the Spurs’ championship fund. Not only do the Nets get loads of salary cap relief — Carter has three years and $52 million remaining on his contract — they get a nice prospect to replace him in Courtney Lee, who averaged better than 11 points per game and 43% 3PT shooting in February and March. The Nets project to go into the summer of 2010 with almost $30 million in cap space.

For the Magic, Carter adds a boost of athleticism to lineup of spot up shooters. But how will this affect the team’s ability to re-sign Hedo Turkoglu? If they can get him to re-up, they’d have a lineup of Jameer Nelson, Carter, Turkoglu, Rashard Lewis and Dwight Howard that looks deadly on paper. I think they’re planning on retaining him, but the Magic are looking at a pretty hefty payroll over the next few years with Carter on the roster.

Memphis GM Gerald Wallace took a lot of heat for trading Pau Gasol to the Lakers. But if we’ve learned anything in the past few days, it’s that Wallace was simply a man ahead of his time.

On Tuesday, we learned that the Bucks agreed to trade Richard Jefferson to the Spurs for Bruce Bowen, Kurt Thomas and Amir Johnson. (Fabricio Oberto was part of the original deal, but San Antonio sent him to Detroit for Johnson, who was then sent to Milwaukee.)

Regular readers know I’m a Bucks fan, and I spent the last couple of days grumbling on the Sports Bubbler message boards about how we didn’t get anything in return for Jefferson, who is still a pretty good player. When Wallace traded away Gasol, at least he got Javaris Crittenton (who was considered a prospect with upside at the time) and Pau’s brother, Marc, who turned out to be a productive center for the Grizzlies.

Then I wake up today to see that the Cavs and Suns have agreed to go through with that long-rumored trade that will send Shaq to Cleveland for salary cap relief. Who do the Suns get in return? A retiree (Ben Wallace), a bench player with a partially guaranteed contract (Sasha Pavlovic), some cash and a second round pick.

This is the going rate for a Third Team All-NBA center these days.

We knew that this summer had the potential to be a rough one for free agents, but it’s a little surprising to see that good players like O’Neal and Jefferson could be had for virtually nothing. Bucks owner Herb Kohl and Suns owner Robert Sarver realize that their clubs aren’t legitimate contenders, so they don’t see the point in paying the luxury tax just for the privilege of being knocked out in the first round of the playoffs. What kind of an effect these moves have on season ticket purchases remains to be seen.

The bottom line is that if a team is willing to spend, there has never been a better time to acquire talent. You’re not going to get someone like Caron Butler, who plays for a (pretend) contender and has a reasonable contract, but you can get Jefferson, who is overpaid and is on a mediocre team that is up against the luxury tax. And the older the player, the more likely he’s available. Teams aren’t going to give up good players that are in their early- or mid-twenties because the plan is to rebuild before they’re over the hill.

So who might be on the move for a bag of peanuts and some salary cap flexibility? How about Tracy McGrady, Baron Davis, Chris Kaman, Marcus Camby, Vince Carter, Tyson Chandler, Amare Stoudemire, Jermaine O’Neal, Michael Redd, Ray Allen or Rip Hamilton?

Truth be told, a team like the Suns isn’t going to give the youngish Stoudemire away for cap flexibility alone. But as the price of a star goes down, the price of superstar goes down as well.

It promises to be an interesting summer.

The economy is really starting to take its toll on professional sports, and the NBA is no different. Bad contracts are bad even when the economy is pumping, but they really stand out in tough times like these. So I decided to look through the payrolls team-by-team to try to identify the worst contracts in the NBA. I expected to list 15-20 names, but I ended up scribbling down 68. That’s right, there are no fewer than 68 bad contracts in the NBA.

I didn’t include any of the players that are in the final year of their contracts because…well, what’s the point? They’ll be off the books in a few months anyway. Instead, I wanted to focus on those contracts that are going to haunt teams for years to come, so to be eligible, players have to have at least a year left on their current deals.

It’s tough to compare someone making superstar money to an average, everyday role player, so I split these 68 contracts up into three groups: the Overpaid Role Players, the Not-So-Super Stars and the Injury-Prones. I will rank them from least-worst to most-worst with the thinking that I wouldn’t trade the player for anyone further down the list but I would trade him for anyone previously mentioned. So, for example, if a guy is listed #7 within a particular group, I’m not trading him for anyone ranked #6-#1, but I would think seriously about moving him for a guy that is ranked #8+.

So let’s start with the role players and go from there…

(Note: In most cases, I don’t blame the player himself for his outrageous contract. The fault lies with the general manager that inked the guy to the deal. However, this rule goes out the window if the player has a history of only producing in his contract year – I’m looking at you, Tim Thomas.)

You can blame it on the Grizzlies.

Ever since they traded Pau Gasol to the Lakers for a bag of peanuts and some slightly used underwear, NBA teams have become more and more fickle about pulling the proverbial trigger. With the state of the economy, and some owners desperately trying to cut payroll before the cap and luxury tax thresholds decline, it’s a buyer’s market out there. And those buyers are looking for Gasol-type deals. On the flip side, Chris Wallace took all kinds of grief over that trade and general managers around the league don’t want to follow in his footsteps.

After two or three weeks of covering all of this trade chatter, the biggest deal to speak of is the Shawn Marion/Jermaine O’Neal swap and that happened almost a week ago. Sure, guys like Brad Miller, Andres Nocioni, John Salmons, Rafer Alston, Larry Hughes, Tim Thomas, Chris Wilcox and Drew Gooden changed zip codes, but I doubt any fans out there are sporting wood at the idea that one or more of these players is joining their team.

This year’s trade deadline was mostly about teams setting themselves up financially for the next two summers of free agency. Even though there were a number of big names bandied about, the Marion/O’Neal deal is the only semi-blockbuster trade of the season. And, barring some last-minute, late-breaking deal, we have these five teams to blame…

5. San Antonio Spurs
The Spurs were in talks with the Nets about acquiring Vince Carter and also spoke with the Bucks about Richard Jefferson. Either of those players would have been a nice addition, but the Spurs just don’t have the pieces (or the balls) to pull off a trade like that. They were willing to trade for Carter, but they didn’t want to give up Roger Mason or George Hill. So they offer the Nets Bruce Bowen and Fabricio Oberto. Great, the numbers don’t even add up. Don’t get me wrong – I don’t really think that the Spurs should have given up Mason and/or Hill to acquire Carter. They’re arguably the second-best team in the West and their current lineup, if healthy, is likely to give the Lakers fits if the two teams meet in the playoffs with a less-than-100% Andrew Bynum. Plus the Spurs are notoriously conservative when it comes to messing with their chemistry. Jefferson wouldn’t have been a problem in that area but Carter might have been. So the Spurs stand pat. Shocker.

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 Rockets and Spurs are known suitors for Vince Carter’s services, but apparently the Blazers have entered the fray.

Sources say the Blazers and Nets have discussed a deal that would send Carter to Portland for Raef LaFrentz and his expiring contract along with Travis Outlaw and Sergio Rodriguez.

LaFrentz’s $12.7 million comes off the books this summer and Outlaw is an upgrade to the Nets situation at the three. As for the Blazers, adding Carter gives them a veteran small forward who has more playoff experience than most of the players on Portland’s roster.

See this trade in the ESPN Trade Machine.

It seems strange to me that a young team like the Blazers would want to acquire the 32-year-old Carter. He is playing at a very high level, but his contract runs another two seasons at the tune of $33.6 million, which would severely impact the team’s salary cap space in the fateful summer of 2010.

There has been some talk of late that the Spurs are interested in acquiring Vince Carter.

Duncan says he would love to have Carter as a teammate, and why not? At age 32, Carter remains one of the NBA’s most productive small forwards, averaging 20.8 points, 5.1 rebounds and 4.9 assists.

Duncan hedges when the price for Carter reportedly includes Roger Mason Jr., Bruce Bowen, George Hill and Fabricio Oberto.

“I’d hate to see that many guys go,� Duncan said after an All-Star appearance he enjoyed, largely because of its brevity.

If general manager R.C. Buford can find a way to get Carter from the Nets without including so many rotation players — a Robert Horry sign-and-trade could be part of such a solution — it is easy to imagine Duncan giving such a deal the blessing Popovich likely would seek.

Here’s a look at the proposed trade in the ESPN Trade Machine. Kurt Thomas could also be substituted for Oberto.

Of the four Spurs that would be heading to New Jersey, the team would miss Roger Mason, Jr. the most.

Rich Bucher reports that the Warriors have offered up Andris Biedrins and Anthony Randolph for Chris Bosh, and presumably made a similar offer to the Suns for Amare Stoudemire…J.A. Adande has a source that says that there is a “zero” chance that Stoudemire lands with the Raptors. It seems that Toronto is just not ready to move Bosh, even for a shot at Amare…Henry Abbott says that while most teams are overvaluing their players right now, there are two teams — Golden State and Chicago — that are ready to deal…The Arlington Heights Daily Herald reports that the Suns may actually prefer Tyrus Thomas over standout rookie Michael Beasley…NorthJersey.com says that Houston, Dallas, San Antonio and Cleveland are all interested in acquiring Vince Carter, but that it’s unlikely that the Nets will send him to an Eastern Conference team…Cleveland.com reports that since the Cavs will be without Sasha Pavlovic for 4-6 weeks that the team is probably going to stand pat with the roster they have. Wally Szczerbiak has been playing better of late and the team believes in its roster… David Aldridge says that despite their denials, the Clippers are very interested in trading Chris Kaman.

‘Tis the season for NBA trade speculation. With the the contenders separated (for the most part, at least) from the pretenders, and the trade deadline fast approaching, the rumors are flying fast and furious. Chad Ford goes down the list of wings that might be on the move.

Here are a couple of interesting names:

Wally Szczerbiak, Cavs
There are a lot of expiring contracts out there, but none gets more attention than Szczerbiak’s. The Cavs aren’t interested in cap room right now. They want a championship.

Everyone in Cleveland is crossing their fingers that some desperate GM will pull a Chris Wallace and give away an All-Star for cap relief and late first-round picks. More often than not, it doesn’t happen. But with the economy turning sour and a scrum of teams trying to get under the cap in 2010, the Cavs might be able to pull it off.

Chance of trade: 60 percent

Vince Carter, Nets
Going into the season, no one predicted that Carter, at the age of 32, would put up All-Star numbers on a rebuilding team. But he has played his heart out and, with Devin Harris, has made the Nets respectable. Which means it’s the perfect time for Rod Thorn and Kiki Vandeweghe to throw him a farewell party.

Carter has garnered plenty of interest from a few championship contenders like Cleveland and Houston who see him as a nice veteran addition. The Nets should jump on any deal that gets them a combination of cap relief and picks. Getting the last three years and $51 million of his contract off their books has to be a priority right now.

Chance of trade: 45 percent

If the Nets want to get out from under Carter’s contract (which runs two more years at the tune of $33.6 million) now is the time to move him. He is playing All-Star caliber ball and, along with Devin Harris, has kept the Nets in the playoff hunt. The tough part about trading Carter is his age (32) and the fact that his contract extends through the 2010-11 season, so he’s not going to be attractive to teams looking to make a splash in the summer of 2010. Another big thing standing in the way for the Nets is the fact that they are very much in the playoff hunt. Do they want to throw the towel in on this season for future salary cap flexibility?