Samuel Dalembert will be a free agent this offseason and the Kings are hoping to re-sign the center.

Dalembert is also expected to receive interest from the Knicks, Heat, Raptors and Rockets.

Dalembert was acquired during the 2010 offseason from the 76ers.

The Cleveland Cavaliers have acquired guard/forward Omri Casspi and Sacramento’s first round pick (protected) in the 2012 NBA Draft from the Sacramento Kings in exchange for forward/center J.J. Hickson, Cavaliers General Manager Chris Grant announced today.

Casspi, 23, played in 71 games (27 starts) during the 2010-11 season, averaging 8.6 points on .412 shooting, including .372 from three-point range, 4.3 rebounds and 1.0 assist in 24.1 minutes per game. In his 27 starts, he increased his averages to 10.7 points on .435 shooting, 5.2 rebounds and 1.1 assists in 31.3 minutes per game. The 6-foot-9, 225-pounder was born in Yavne, Israel and became the first Israeli player to be drafted in the first round (23rd overall in the 2009 NBA Draft) as well as the first player from Israel to play in the NBA when he made his debut on October 28, 2009 at Oklahoma City. In his two seasons in the NBA, he has career averages of 9.5 points on .431 shooting, 4.4 rebounds and 1.1 assists in 24.6 minutes per game in 148 games (58 starts).

The first round pick acquired from Sacramento is lottery-protected in 2012 (1-14). The pick is then protected in 2013 (1-13), 2014 (1-12) and 2015-2017 (1-10). If the pick is not conveyed by 2017, then Sacramento will convey its own 2017 second round draft pick to the Cavaliers protected (56-60).

“We want to thank J.J. for his hard work and contributions to the Cavaliers, both on the court and off the court in the community. This is another step in our on-going process to shape and position our team and roster for future growth and a platform for sustained success,” said Cavaliers General Manager Chris Grant. “We’re excited to add a young, talented, tough-minded player like Omri, that we feel is a good fit for our team and can help improve our perimeter group, while also being able to obtain another important asset with the additional first round draft pick.”

The Sacramento Kings' season ticket sales have already surpassed last year's total, team officials said this week, thanks to NBA marketing assistance and a newfound ardor among fans after the team nearly left town this spring.

But that bonanza could slow, starting Friday.

The NBA's collective bargaining agreement expires at midnight Thursday. If the league and players don't come to a new agreement by then, a lockout may ensue, and with it the possibility that the upcoming season will be shortened or canceled entirely.

"In the unfortunate event that games are missed next season, all NBA season ticket holders have the opportunity to receive a refund of the purchase price, plus interest, for all missed games," NBA spokesman Mike Bass said.

Hundreds of fans waited at the airport to welcome Kings rookie Jimmer Fredette to Sacramento.

Grant Bollinger of Sacramento, at the airport Friday, lauded Fredette's all-around game. "Jimmer has range, can hit the three, he's just a playmaker," Bollinger said. He called Fredette the new face of the Kings franchise.

The Bucks, Kings and Bobcats have a three-way trade, sources have confirmed.

Milwaukee will acquire Stephen Jackson, Beno Udrih, Shaun Livingston and the 19th overall selection.

Charlotte will acquire the No. 7 overall pick as well as Corey Maggette. They will keep their own pick, the No. 9 overall selection. The Bobcats are now in position to draft Tristan Thompson ahead of the Pistons, who own the No. 8 pick.

Sacramento will acquire the No. 10 overall pick from Milwaukee, as well as John Salmons.

More players may be added to the deal at a later date.

The Sacramento Kings, owners of the 7th overall selection, are confident that they will trade the selection.

"They're confident they have (a) deal," one official tells Yahoo's Adrian Wojarowski.

The Kings have been largely linked to Kemba Walker and Jimmer Fredette.

As the Spurs explore trade possibilities involving Tony Parker, the team is believed to be hoping to unload the contract of Richard Jefferson in the process.

Jefferson was re-signed by the Spurs last offseason.

The Raptors and Kings are believed to be possible landing spots for Parker.

The San Antonio Spurs are engaged in discussions about trading point guard Tony Parker to secure a high pick in Thursday’s draft, league sources told Yahoo! Sports.

The Spurs have talked to teams in the lottery, including the Toronto Raptors and Sacramento Kings, who hold the fifth and seventh picks, respectively. The Kings are determined to get a frontline point guard, and have also talked with the Denver Nuggets about Raymond Felton.

It’s unclear who the Spurs would prefer to take if they acquired a high lottery pick.

Both the Lakers and Kings have interest in trading with the Nuggets for Raymond Felton.

Felton was acquired by Denver in the Carmelo Anthony trade, but is considered less valuable to the team than Ty Lawson.

Felton will be a free agent after the 11-12 season.

The Maloof family, the owners of the Sacramento Kings, are retaining only 2% ownership of the Palms Hotel and Casino, the family's primary source of wealth.

Their stake in the Palms has direct relevance to its stewardship of the Kings. While the two are operated as separate companies, the Maloofs' overall financial health affects how much money the family can plow into the Kings as the team enters a crucial offseason.

After operating this past year with the NBA's lowest payroll – and threatening to move the team to Anaheim – the Maloofs say they are committed to turning the Kings around. City leaders and the NBA also expect the Maloofs to contribute financially in some way to construction of a new arena.

The family's finances have been under a microscope the past several months as the Kings flirted with Anaheim and the Palms struggled with its debts.