- Derek Fisher is in advanced negotiations with the Oklahoma City Thunder to sign with the Western Conference leaders after clearing waivers, according to sources close to the situation. ESPN.com
- Sam Amick: Sources say the Kings will pick up Terrence Williams on a 10-day contract. He was cut by Houston this week. Twitter
- The Grizzlies and Gilbert Arenas have made it official: The free-agent guard will join the team for the rest of this season. Griz general manager Chris Wallace confirmed the deal today. Arenas, who was in Memphis the past two days, passed a physical and signed a one-year contract for the veteran’s minimum. Memphis will pay him a prorated salary worth about $300,000. Memphis Commercial Appeal
- The Sixers announced that they have waived forward Andres Nocioni. He has not been with the team since the weekend and was working on finalizing a buyout. Nocioni last played March 7 against Boston when he scored one point. He appeared in 11 games this season with one start. Philadelphia Inquirer
- David Locke: BREAKING NEWS — Utah Jazz forward Josh Howard to undergo surgery on left knee out for the remainder of the season (Correction left knee) Twitter
- In a Plan B of sorts, the Nets sent another first-round pick to the Trail Blazers as part of a deal for Gerald Wallace, who’d be a nice piece of the puzzle if and when the Nets get another top-tier star and/or lottery pick to entice Williams to stay. The pick is top-three protected, and the Nets’ belief is that there were only three players in the draft for whom it would be worth passing on Wallace: Anthony Davis, Thomas Robinson and Michael Kidd-Gilchrist. There are risks in the basketball business, and you go nowhere without taking some. The Nets still have the Rockets’ first-round pick in the upcoming draft, top-14 protected. CBSSports.com