The Houston Rockets have agreed on a trade to acquire Jason Terry from the Sacramento Kings, according to sources.

The Rockets will send non-guaranteed contracts, including Alonzo Gee, to the Kings. Houston will acquire two second round draft picks, including one via the New York Knicks.

Terry was traded from the Brooklyn Nets to the Kings last season.

Rajon Rondo has informed the Boston Celtics that he "wants out," according to a report.

Rondo has indicated that he will not re-sign with the Celtics in 2015 and that he would not re-sign with the Sacramento Kings, who have been linked to the point guard, either.

The Philadelphia 76ers acquired a first round pick along with Luc Mbah a Moute and Alexey Shved in exchange for Thaddeus Young.

The 76ers will likely receive the pick, which originates from the Miami Heat, in 2015.

"There were several components [that were enticing] and one is the first-round pick held by Miami," Hinkie said in a conference call yesterday. "That's important. You don't see a lot of first-round picks changing hands these days. The players will be helpful, too. Luc Richard Mbah a Moute had a fantastic career at UCLA. Early in his NBA career, he was an everyday lockdown defender. He's a versatile guy who could guard multiple positions.

"Alexey Shved, been around for 2 years and played at a high level in big games, a guy that we had paid attention to for many years before he joined Minnesota. He can both handle the ball and play off the ball."

Mbah a Moute is also expected to help as a mentor to Joel Embiid.

"Luc's relationship with Joel can only help," said Hinkie. "We're definitely in the mode of player development and Joel's a big part of that."

The Oklahoma City Thunder have agreed to trade Hasheem Thabeet to the Philadelphia 76ers.

The 76ers will absorb the contract of Thabeet to allow the Thunder to create a $1.25 million traded player exception.

Thabeet will be immediately waived by the 76ers.

The Los Angeles Clippers have traded Jared Dudley to the Milwaukee Bucks for Carlos Delfino and Miroslav Raduljica, according to a source.

The Clippers will also trade a future first round draft pick to the Bucks.

Delfino will likely miss the entire 2014-15 season.

The Cleveland Cavaliers have been attempting to trade for Timofey Mozgov over the past six to eight weeks, according to Brian Windhorst.

But Sports.ru's Alexander Chernykh has reported that it will not happen.

Mozgov is making $4.65 million this season with the Denver Nuggets and has a $4.95 million team option in 15-16.

The Cavaliers have a clear need at backup center.

Dan Gilbert had a lengthy meeting with Kevin Love in Las Vegas before the Cleveland Cavaliers reached agreement with the Minnesota Timberwolves on a trade.

Gilbert received permission from the Wolves and NBA officials to meet with Love.

The Cavaliers and Wolves reached agreement in principle weeks ago, but had to wait until Andrew Wiggins became eligible for a trade.

Love withdrew from Team USA on July 26 while the team was training in Las Vegas.

The Phoenix Suns inquired with the Minnesota Timberwolves about a possible deal for Kevin Love just hours before an anticipated deal with the Cleveland Cavaliers is scheduled to become official.

The Suns are offering Eric Bledose in a sign-and-trade agreement.

The Cavaliers and Wolves have had an agreement in place on Love for weeks, and it remains intact, sources said.

Bledsoe has been seeking a five-year, $85 million max contract and would consider only a max deal in a sign-and-trade, which would be four years and $64 million.

Bledsoe is prepared to play for the Suns under the one-year, $3.7 million qualifying offer.

The Suns offered Bledsoe a four-year, $48 million contract similar to what Kyle Lowry received from the Toronto Raptors.

The Minnesota Timberwolves will trade Luc Mbah a Moute, Alexey Shved and the first round pick in 2015 belonging to the Miami Heat to the Philadelphia 76ers for Thaddeus Young.

Mbah a Moute's value to the 76ers, at least in part, comes from his close relationship with Joel Embiid.

There had been speculation that Anthony Bennett would be traded to the 76ers, but he will stay with the Wolves following his trade from the Cleveland Cavaliers.

Anthony Bennett has been linked to the Philadelphia 76ers as part of the long-anticipated Kevin Love deal with the Cleveland Cavaliers, but he may be staying with the Minnesota Timberwolves after all.

The Wolves have reportedly been interested in flipping Bennett for Thaddeus Young from the 76ers.

Beat writer Jerry Zgoda reports that Bennett will stay with the Wolves.

"Just a reminder: if you keep reading Bennett is headed to Philly for Young in forthcoming trade...don't believe it," wrote Zgoda.