Just when it appeared Independence Day wouldn't produce much major NBA news, a blockbuster deal involving a two-time MVP was consummated. The Phoenix Suns will send 38-year old point guard Steve Nash to the Los Angeles Lakers for two first round picks, two second round picks and $3 million. Nash, who was an unrestricted free agent, discussed the move with Lakers superstar Kobe Bryant prior to agreeing to the deal. Nash will earn $25 million over three years in a new contract from the Lakers.
Here's the lowdown on the rest of Wednesday's free agency action in the NBA:
If the Brooklyn Nets can't coax the Orlando Magic to trade them star center Dwight Howard, the Nets will turn their attention to forward Ersan Ilyasova. Ilyasova also has a five-year offer waiting from his current team, the Milwaukee Bucks, believed to be worth $40 million.