The New Jersey Nets have acquired guard/forward Quinton Ross from the Washington Wizards in exchange for forward Yi Jianlian and cash considerations, Nets president Rod Thorn announced Tuesday.

Ross, a six-year veteran out of Southern Methodist University, played in 52 games last season for the Mavericks and Wizards, with averages of 1.8 points in 10.8 minutes per game.  

Jianlian, acquired by New Jersey on June 26, 2008, played in 113 games with the Nets over two seasons, averaging 10.2 points and 6.2 rebounds per game.

On Tuesday, the Nets traded Yi Jianlian to the Wizards for Quinton Ross, creating additional room under the salary cap.

The Nets sent the Wizards cash in the deal.

This opens up $3 million more salary cap room, leaving the team about $30 million under the cap.

"This trade is a good opportunity to add a skilled 7-footer with significant NBA experience who was the sixth overall pick in the draft just three years ago," Ernie Grunfeld said in a statement. "Yi fits in very well with our ongoing plan of building towards the future with a core of young, talented players."

The Magic are believed to be active in trade talks and Ken Berger of CBS Sports writes that acquiring Gilbert Arenas from the Wizards is a "definite possibility."

Orlando general manager Otis Smith has a good relationship with Arenas, but center Dwight Howard might question how Arenas fits in with the team's scheme.

The Wizards have a talented backcourt with Gilbert Arenas, John Wall and Kirk Hinrich, who they'll add in a forthcoming trade with the Bulls.

Michael Lee of the Washington Post writes that because of the additions of Wall and Hinrich, Randy Foye and Shaun Livingston are likely done with the team.

Livingston didn't seem interested in returning to the Wizards anyway, while Washington isn't interested in making a $4.8 million qualifying offer to Foye.

The Wizards also have $30 million committed to the trio of Arenas, Hinrich and Wall.

Wizards forward Andray Blatche underwent successful surgery this evening to repair a fracture of the fifth metatarsal in his right foot.  The procedure was performed by Dr. Ed Magur at Sibley Hospital in Washington, D.C.  

Blatche is expected to take approximately three months to return to basketball-related activities.

The Bulls have a trade in place that would send guard Kirk Hinrich and the No. 17 pick to the Wizards, sources told ESPN.com's Ric Bucher.

The move could free up enough cap space for Chicago to sign two max-level free agents this summer.

The deal can't be consummated until July 8, when Washington will have enough room under the cap to absorb Hinrich's contract without having to send anything back in return.

According to a trusted source, the Wizards and Magic might be discussing a trade involving Gilbert Arenas for Vince Carter.

Michael Lee of the Washington Post confirmed the discussions, but there is 'nothing to it now.'

RealGM Note: Arenas is close to Magic GM Otis Smith from his time in the Golden State front office.

Mike Miller is looking to sign with a contender after a disappointing season with the Wizards.

Miller, a 10-year NBA veteran, will become an unrestricted free agent on July 1.

"I'm looking for a winner," said Miller. "The last couple of years have taken a toll on me, as far as not being in the playoffs and not playing this time of year. So I'm looking to change that. This time, if it doesn't work out, there's no one to blame but myself."

Manute Bol, the 7-foot-7 Sudanese giant who was a shot-blocking sensation with the Washington Bullets, Golden State Warriors and other teams in the National Basketball Association, has died at 47.

He died at the University of Virginia Medical Center in Charlottesville of complications from Stevens-Johnson Syndrome, a rare skin condition contracted after a reaction to a medication he had taken in Africa. He had kidney failure, internal bleeding and other medical problems.

Wizards owner Ted Leonsis confirmed on Friday that the team is "not actively trading" point guard Gilbert Arenas.

Leonsis assumed control of the franchise on Thursday.

The owner met with Arenas last month and has been in contact with the point guard via e-mail.

"We had a great meeting," Leonsis said. "The conversation was about, 'Here's a line, and you can't cross this line.' The scrutiny around you has quadrupled. You need to internalize that. There are some things you can't joke about anymore."

"We're not actively trading him," Leonsis continued. "But I would ask you to put yourself in another general manager's shoes. He was injured for two years and suspended for a year and he's a max [contract] player. If you were another team's general manager, would you be trading for Gilbert Arenas right now?"