The Orlando Magic, already in serious trade talks with the Washington Wizards about acquiring Gilbert Arenas, are close to pulling off a separate trade with the Phoenix Suns, according to league sources.
The proposed trade, which one source gave a "90 percent" chance of happening, would return former Magic star Hedo Turkoglu, along with Jason Richardson, to Orlando in exchange for Vince Carter and Marcin Gortat.
The deal is likely to be completed within the next 24 hours, according to the sources.
"It's safe to say that it's imminent," one source said. "It's very close. There's always a chance it could fall apart, but it's 90 percent done."
The deal is believed to involve either a few extra players or draft picks, sources said.
Orlando, losers of five of its last six games, is also seriously pursuing Arenas. Sources said that deal will likely send Rashard Lewis to Washington for Arenas and a Wizards big man to replace Gortat. It could go down near the same time as the deal with Phoenix.
Magic president Otis Smith told The Associated Press on Saturday that he has had serious talks this week with the Wizards about acquiring Arenas.
Smith said he would rate the aggressiveness of the talks at an "eight out of 10" but that "nothing is imminent." He would not talk specifics of the potential deal with The AP.
The Magic have plenty of lucrative pieces to package in a trade, notably Carter's expiring contract. Lewis, who has 2½ years remaining on a $118 million, six-year deal, would line up with Arenas' backloaded contract -- which still has about $60 million left.
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Originally Posted by Luke
