Richard Jefferson is not happy with the draft day trade which sent him to the Milwaukee Bucks in exchange for Yi Jianlian and Bobby Simmons, the New York Post is reporting.

Jefferson communicated with Nets team President Rod Thorn via text message, and the two have not yet spoken.

"He didn't seem very happy," said Thorn. "I spoke to his agent, I called him, texted him. I like Richard. He was here for a long time, and I'm sure he still expected to be here. Unless you are the one pushing for it, it's always difficult when you are traded. You are going to a new place, have new teammates. It's hard at first."

The Cavaliers reportedly offered the Nets Wally Szczerbiak's expiring contract in exchange for Vince Carter on Wednesday night, according to The Star-Ledger.

However, New Jersey was busy putting the finishing touches on the trade with Milwaukee that sent Richard Jefferson to the Bucks for Bobby Simmons and Yi Jianlian.

Rod Thorn considered the deal from Cleveland but not for very long.

The New Jersey Nets have extended a qualifying offer to restricted free agent Nenad Krstic, Nets' President Rod Thorn announced today.  The qualifying offer allows the Nets to retain the right of first refusal in regards to Krstic.  As a restricted free agent, Krstic is able to sign an offer sheet with any team; however, the Nets will have the right to match the offer.

Krstic, a four-year NBA veteran from Serbia, was the Nets? first round selection (24th overall) in the 2002 NBA Draft.  Since joining the Nets in 2004, Krstic has played 226 games over four seasons with New Jersey, posting averages of 11.3 points and 5.7 rebounds.  In 2007-08, Krstic appeared in 45 games, averaging 6.6 points and 4.4 rebounds.

The New Jersey Nets have acquired forwards Yi Jianlian and Bobby Simmons from the Milwaukee Bucks in exchange for forward Richard Jefferson, Nets President Rod Thorn announced today.  

?We feel that Yi can be a very special player,? said Thorn.  ?He is a 20-year old seven footer who shoots the ball extremely well, and he is an excellent addition to our frontcourt.  Bobby Simmons is a veteran NBA player who has averaged 10 points for his career and should be a rotation player for us.?

?I want to thank Richard for his contributions to the Nets over the past seven years.  He was a member of Nets teams that went to two NBA Finals, won two Eastern Conference championships and four Atlantic Division titles, and leaves as the Nets second all-time leading scorer in franchise history. He always conducted himself in a professional manner, and we wish him only the best for the remainder of his career.?

Yi, a 7?0? native of Shenzhen, China, was selected sixth overall in the 2007 NBA Draft by the Milwaukee Bucks.  In his rookie season, Yi played in 66 games, averaging 8.6 points and 5.2 rebounds.  In 49 games as a starter, Yi posted averages of 9.7 points, 5.8 rebounds, and 1.00 block.  Among rookies, Yi ranked 9th in points per game (8.6), 5th in rebounds (344), 6th in blocks (56), and 3rd in free throw percentage (.841). He scored a career-high 29 points versus Charlotte on 12/22/07 and grabbed a career-high 13 rebounds on 11/14/07 versus Memphis.
                                                                                         
Simmons, a six-year NBA veteran, appeared in 71 games for Milwaukee last season, making 21 starts and averaging 7.6 points and 3.2 rebounds.  Simmons was selected with 42nd overall pick in the 2001 NBA Draft by the Seattle SuperSonics following his junior season at DePaul.  After having his draft rights traded to the Wizards, Simmons spent two seasons in Washington before signing as a free agent with the Los Angeles Clippers prior to the 2003-04 season.  Following two seasons with Los Angeles, Simmons signed as a free agent with Milwaukee prior to the 2005-06 season.  In 342 career games Simmons holds averages of 10.0 points, 4.1 rebounds, and 1.7 assists in 26.2 minutes per contest.  Simmons enjoyed his best season in 2004-05, posting career-highs of 16.4 points and 5.9 rebounds in 75 games.  He was forced to miss the entire 2006-07 season due to a stress reaction in his right heel.

Jefferson, originally selected by Houston with the 13th overall pick in the 2001 NBA Draft, was acquired by the Nets in the draft night trade in which the Nets also garnered the draft rights to Jason Collins and Brandon Armstrong in exchange for the draft rights to Eddie Griffin.  In his seven seasons with the Nets, Jefferson appeared in 489 games, averaging 17.4 points, 5.4 rebounds, and 3.0 assists.  He leaves the Nets ranked 2nd all-time in scoring (8,507), field goals made (2,936), free throws made (2,349), and free throws attempted (3,023), 4th in assists (1,486), 7th in rebounds (2,627,) and games played (489).

The New Jersey Nets have agreed in principle to trade Richard Jefferson to the Milwaukee Bucks for Yi Jianlian and Bobby Simmons, Ian Thomsen from Sports Illustrated is reporting.

Yi's camp was said to be ecstatic about going to the rebuilding Nets and playing in a major market, which was one of the original concerns when he was drafted by the Bucks last year.

The Grizzlies are looking to trade down, according to Chad Ford of ESPN.

Memphis is in talks about a trade that would send the No. 5 pick to New Jersey for the No. 10 pick and a future first-round pick.

The Blazers are also interested in the Grizzlies' pick and have a number of assets, including Travis Outlaw, that they can entice Memphis with. The Blazers are reportedly most interested in Russell Westbrook and Kevin Love.

Phoenix has tried to trade up in today's NBA draft, using Leandro Barbosa and Boris Diaw as their main pawns, but as the hours count down to crunch time, the Suns may end up having to stay where they started, the East Valley Tribune is reporting.

The most likely destination for Diaw appeared to be Toronto, but that may be shelved now it looks as though the Raptors will acquire Jermaine O'Neal from Indiana.

Phoenix did not want to accept T.J. Ford in return from the Raptors because of the length and cost of his contract.

Meanwhile, Barbosa has been linked to Portland, who claim that the 13th pick has never been on offer in a deal involving the speedy guard.  A proposal of Channing Frye, Martell Webster and a second-round pick was shot down by Portland.

The Blazers acquired pick 27 from New Orleans on Thursday and are believed to be trying to trade up with New Jersey for the 10th overall selection, with D.J. Augustin their target.  Augustin, however, may not be available at this point.

The Dallas Mavericks are planning on offer their full mid-level exception to Nets' free agent DeSagana Diop, the Dallas Morning News is reporting.

Diop was with the Mavs for the last three seasons before being shipped to New Jersey in the Jason Kidd trade.

Teams cannot negotiate with free agents until July 1, and contracts cannot be signed until July 8.

General Manager Kiki Vandeweghe claims that the Nets will hold onto all three of their picks in this Thursday's NBA Draft, according to The New York Daily News.

New Jersey has the 10th, 21st, and 40th picks in the draft.

He did, however, reveal that the team will not "stand pat" once the draft is over.

Depending on whom they select, the Nets could look to deal Richard Jefferson, who has been a part of trade rumors for the better part of his seven-year tenure in New Jersey.

The New Jersey Nets have named Doug Overton as an assistant coach, Nets' President Rod Thorn announced today.  Overton joins Brian Hill and Tom Barrise as a member of Head Coach Lawrence Frank's staff.  

"We are very pleased to add Doug to Coach Frank?s staff," said Thorn.  "He was a player who conducted himself with a great deal of professionalism for 11 seasons in the NBA, and his addition will be an asset to both our players and coaches."