The Warriors have reportedly approached the Grizzlies about a deal centered around Monta Ellis and Rudy Gay.

Golden State would also offer a second asset in the deal.

The motivation for Memphis would likely be financial if they were to consider agreeing to a move of Gay.

To acquire an asset they can dangle in a trade offer for Dwight Howard, or to bolster their lineup in case they are able to land the Magic's center, the Nets are in pursuit of free agents Nene and Tyson Chandler.

The Nets are hoping to sign one of the two big men.

Otis Smith is going to gauge the mindset of Dwight Howard and make a determination on the best way to proceed.  He would not rule out a trade, or any other course of action, depending on what he learns.  Howard can be a free agent after the season and has made comments that some interpret as indicating a desire to leave Orlando.

"I don’t think you can take anything out of consideration," Smith said. "I think, one, you have to talk to your player first. We have to figure out where his head is, not where everyone thinks his head is, and just more figure out where he wants to be. And then you have to make the best decision of what’s in the best interests of the franchise. That’s how I’ve always went about it: to make the best decision that’s in the best interests of the Orlando Magic."

As expected, the Nets will make a contract extension offer to Deron Williams which he could sign as early as December 9.

Billy King said he has not talked with the Magic since February, in answering questions that follow from ESPN's Wednesday report that the Nets are preparing a trade offer for Dwight Howard.

Chris Paul is not interested in signing an extension with the Celtics, according to a source close to the situation.

Boston has been mentioned as a team that is angling to execute a trade for Paul.

Chris Broussard reported on Monday that Paul's preference is to end up with the Knicks and that he would also consider the Clippers.

The Pacers have emerged as a suitor for Rajon Rondo, according to sources.

Officials from the Pacers have been making calls to gather insight into Rondo's reputation over the past few days.

While Indiana and the Celtics have talked about the preliminary framework of a deal, two sources say a third team would be needed to consummate the deal.

Boston is likely attempting to acquire enough pieces to eventually land Chris Paul.

The Nets are prepared to offer Brook Lopez and two future first round picks to acquire Dwight Howard before he becomes a free agent next summer, according to sources.

In order to improve the offer, the Nets are willing to absorb the contract of Hedo Turkoglu, who has three seasons and $35 million remaining on his contract. The Nets would be able to acquire his contract due to cap space created by the expected release of Travis Outlaw.

The Lakers and Knicks are widely presumed to be Howard's preferred destinations.

Despite their interest in Howard, the Nets are expected to make offers to Nene and Tyson Chandler.

Following the 2011 NBA Playoffs, the Celtics offered Rajon Rondo and Jeff Green to the Thunder in exchange for Russell Westbrook and Kendrick Perkins, according to sources.

Oklahoma City was not interested in the offer.

The two teams completed a trade in February where Perkins and Nate Robinson were shipped to the Thunder in exchange for Green and Nenad Krstic. Perkins subsequently signed an extension with Oklahoma City.

The Celtics have been discussing trading Rajon Rondo for Chris Paul, according to sources. But the Hornets don't appear interested in a two-team deal.

Danny Ainge has been searching for a third team that would give the Hornets young pieces that would help Dell Demps in his rebuilding plan.

It is also unclear whether Paul would agree to an extension, something Ainge would need to execute a trade.

The Celtics are not actively shopping Rajon Rondo, but the team is open to trading him in the right deal, according to sources.

Boston believes they need more scoring to assist Paul Pierce.