The deal is "in excess of $50 million" and to clear enough cap space the Raptors must renounce their rights to free agents Shawn Marion, Carlos Delfino, and Anthony Parker. (There are rumors of Marion being involved in a sign-and-trade, but so far nothing concrete has been reported.) The Raptors are probably overpaying for Turkoglu, but until the dust settles we're giving GM Bryan Colangelo the benefit of the doubt.

Johnson seems like the front-runner to take over in Detroit, even though Dumars, who wants to name a new head coach by Tuesday, said recently that Johnson's hiring is "not a given". Other known candidates include Cavaliers assistant John Kuester and Celtics assistant Tom Thibodeau.

"None of it made any sense to me," Butler said. "From what I heard, they made a half-hearted effort to keep Ron and no effort to keep Von." He mentioned that several teams are interested in Wafer, but would not name them.

Turkoglu could be headed to the Raptors, who are thought to be offering a five-year deal worth $56 million ($6 million more than the Blazers' offer). In order to make such a large committment, Toronto would need to renounce free agents Shawn Marion, Carlos Delfino, and Anthony Parker. The Blazers, meanwhile, are already looking into potential FA acquisitions in the $9 million range.

ESPN.com reports that "a verbal agreement is not imminent" and Marion is holding out for a five-year deal worth closer to $50 million. There might not be any teams willing to pay $10 million a year for an aging role player, meaning Marion doesn't have much leverage. Most observers feel that he will eventually sign with Toronto, partly because of his longstanding relationship with GM Bryan Colangelo.

There is no indication of who might buy the team, and it should be noted that this isn't the first time these rumors have been floated. Warriors fans are probably hoping there's some truth in it, however, as their franchise has missed the playoffs 14 of the past 15 seasons.

No deal can be made official until July 8th anyway, but for the moment neither the Blazers nor Turkoglu's agent would confirm the agreement. The Raptors remain interested in Turkoglu, but all signs point to his signing with Portland.