by Matt Moore
Ken Berger of CBSSports.com confirms aYahoo! Sports report that the Blazers have traded Gerald Wallace to the New Jersey Nets for Mehmet Okur, Shawne Williams, and a 1st round pick, which is top-3 protected for an unspecified number of years. Berger reports that two sources indicate the deal is agreed to in principle, while another stipulates that there are "still some details to work out." Sounds like it's cleared from both sides, though.
Wallace will be an unrestricted free agent this summer as will Okur. The move represents a salary dump for the Blazers who are also involved in talks to trade Jamal Crawford. The Nets, meanwhile, continue to stockpile assets for a prospective trade to acquire Dwight Howard in the futurel, despite Howard waiving his Early Termination option which will keep him under contract with the Magic through the 2012-2013 season.