The Nets and Hawks are closing in on a deal involving Joe Johnson.

Brooklyn will acquire Johnson for Jordan Williams, Johan Petro, Jordan Farmar, Anthony Morrow, a re-signed Deshawn Stevenson and Houston's 2013 protected first round pick.

Howard Beck of the New York Times reports that the trade has been agreed upon in principle and that it won't be finalized until the moratorium is lifted on July 11.