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Latest buzz, rumors on NBA draft, trades and free agency

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With the NBA draft only hours away, here is the latest on potential moves around the league. (One trade has already been agreed to: The Magic are sending Arron Afflalo to the Nuggets for Evan Fournier and the 56th pick in Thursday's draft.) Check back throughout the day for updates.

6:30 p.m.

Adrian Wojnarowski, Yahoo Sports: Barring an 11th hour offer, Cleveland plans to keep No. 1 pick and choose between Andrew Wiggins and Jabari Parker, source tells Yahoo. Philadelphia is no longer pursuing a deal with Cleveland for the No. 1 pick, league source tells Yahoo Sports.

Alex Kennedy, Basketball Insiders: One need that the Oklahoma City Thunder want to address tonight is wing. Source says they'll either draft one or trade No. 29 for one.

Marc Stein, ESPN.com: We'll see if Knicks stick to this but latest signals out of MSG suggest they intend to keep Iman Shumpert as opposed to dealing him for pick

Ken Berger, CBSSports.com: NY has done homework on Baylor's Cory Jefferson, leaving impression among rival execs they've targeted him with No. 34 acquired from Mavs.

Baxter Holmes, Boston Globe: Could Celtics acquire another pick tonight? [Boston GM Danny] Ainge: "Sure. Probably not higher. I think those have been pretty much exhausted to this point."

5:15 p.m.

Tim Kawakami, San Jose Mercury News: I've heard Ryan Anderson as a possible GSW stretch 4 target... and New Orleans is obviously very active... but he's due $8.5M/$8.5M.

Howard Beck, Bleacher Report: Rival exec tells me Rockets already have a Jeremy Lin deal lined up and ready to execute if they need the cap room to sign Melo or LBJ.

Marc Stein, ESPN.com: Odds still against Kevin Love trade materializing tonight but sources insist Wolves & Warriors continue to talk despite Klay Thompson issue

Adrian Wojnarowski, Yahoo Sports: Marcus Smart is emerging as serious consideration for Utah with fifth pick, league sources tell Yahoo. Smart didn't workout for Jazz.

Mike Bresnahan, Los Angeles Times: Lakers not sensing much momentum for a pre-draft trade. As of now, they're keeping the seventh overall pick.

3 p.m.

Bob Cooney, Philadelphia Inquirer: According to league source, Sixers in full court press with Cleveland to get No. 1 pick. "They really, really, really want [Andrew] Wiggins."

Tom Moore, Calkins Media: #NBA source: Asking price for No. 1 pick as high as 3, 10 and 32 from #Sixers. If #76ers stay at 3, Exum seems the likely pick.

Chris Mannix, SI.com: Hard to get read on how far Dario Saric will fall. Several lottery teams liked him before Turkish deal. One exec thinks BOS at 17 the floor

Adrian Wojnarowski, Yahoo Sports: Joel Embiid's seriously in play for three spots in top part of lottery: 76ers (3), Celtics (6), Lakers (7), league sources tell Yahoo.

Chad Ford, ESPN.com: So if Mem-Tor deal goes through (& sounds like a draft night decision), Raptors would end up with both [Tyler] Ennis at 20 and [Clint] Capela at 22 ...

Marc Berman, New York Post: Knicks president Phil Jackson still has the assets to move up into the first round in Thursday’s draft, and one of those pieces on the move could be newly acquired point guard Shane Larkin. By rules, the Knicks can peddle Larkin, though they obtained him Wednesday night in a blockbuster trade with the Mavericks that also netted the Knicks the 34th and 52nd picks in the draft. If so inclined, the Knicks could move into the middle-to-late first round by using Larkin, their 34th pick and cash.

Ken Berger, CBSSports.com: There are several picks in the late 20s "to be had," one exec says. With nine teams lacking first-round pick, strong market for them, too.

1 p.m.

Alex Kennedy, Basketball Insiders: Remember, Arron Afflalo was being mentioned as a piece that Denver wanted to acquire to improve their Kevin Love offer. This could be big.

Marc Stein, ESPN.com: Hearing: Toronto in hunt to acquire Memphis' No. 22 pick but would have to take back Tayshaun Prince via trade to do so. Potential swap would send John Salmons and No. 59 to Memphis for Tayshaun Prince and No. 22 and put Raptors in range to pick Tyler Ennis.

Sam Amick, USA Today: As for notion of Cavs giving up No. 1 (to Orlando or anyone else), all sorts of skepticism that they're serious about it. Seems unlikely.

Marc Spears, Yahoo Sports: The Kings appear poised to keep the 8th pick, sources said.

10:30 a.m.

Jody Genessy, Deseret News: [Jabari] Parker, the offensive gem from Duke, is the favorite among Jazz brass and the likely top pick if Utah can pull off a trade with Cleveland. Per sources, there remains a "big concern" about Parker's right foot, which he fractured in high school, but he's still atop Utah's draft board. The Jazz are so intrigued with moving up, they've already offered up their fifth pick and defensive anchor Favors, the team’s best player last season, to the Cavaliers in hopes of making that swap and splash. Although once turned down, it’s plausible that deal could be revisited -- and sweetened with picks and/or a player like Burks -- before Cleveland gets put on the clock at Barclays Center at 5:30 p.m. MDT.

Chad Ford, ESPN.com: Sources: Cavs were calling around offering teams Orlando's picks at 4 & 12 for players last night. Interesting. Magic would take Jabari Parker at 1, I'm told. But deal isn't done. Cavs were just gauging value of 4th & 12th pick. Sixers also upping offer for 1.

Adrian Wojnarowski, Yahoo Sports: Cleveland and Orlando have exchanged proposals on No. 1 pick, but there's nothing that's gathered traction, sources tell Yahoo.

Mark Heisler, Forbes: Celtics want Sacramento's No. 8 pick for [Rajon] Rondo. If they get it, Danny Ainge takes Elfrid Payton/Marcus Smart at No. 6.

Sam Amick, USA Today: If free agent-to-be Kyle Lowry doesn't wind up re-signing with the Toronto Raptors, the point guard is in a prime position to be some team's high-priced backup plan. ... It's not inconceivable that Lowry could wind up playing with James if he re-ups with the Miami Heat, but the economics in that equation would make it extremely challenging. The more likely scenario, by far, involves Lowry getting paid handsomely by a team that wasn't able to convince the four-time MVP to come its way. According to two people with knowledge of the situation, the Houston Rockets — whom Lowry played for from 2009 to 2012 — are one of those teams. ... The Los Angeles Lakers, who also plan to pursue both James and Anthony, are also known to be on Lowry's short list of prospective landing spots.

Baxter Holmes, Boston Globe: [S]everal league sources said that [Joel] Embiid could fall to the Celtics at the sixth pick -- and that the Celtics are expected to grab him if he’s there. Though Embiid would miss summer league, training camp, and potentially part -- if not all -- of the 2014-15 season, he would give the Celtics a future “rim protector” that [Boston GM Danny] Ainge said the team needed when last season ended. And though raw, Embiid’s burgeoning offensive game, which improved plenty during his freshman season at Kansas, would give them a valuable weapon down low. One reason Embiid may fall to the Celtics, who also have the No. 17 pick in the first round, is because of how his medical information was doled out. Embiid’s camp, and specifically his agent, Arn Tellem, controlled which teams had access to that information, and league sources said not every team with a top-10 pick received it. The Celtics, however, did.

Ken Berger, CBSSports.com: Widely expected to be the No. 1 overall pick by Cleveland until a fracture was discovered in the Kansas center's foot last week, Embiid now is viewed in front-office circles as going somewhere between the third and seventh picks. Several teams, including the Sacramento Kings at No. 8, have called teams ahead of them in the lottery to propose potential trades to move up and select Embiid, a league source with knowledge of the conversations told CBSSports.com.

Adrian Wojnarowski, Yahoo Sports: Cleveland's pursuit of Minnesota Timberwolves All-Star forward Kevin Love – which included a package centered on the No. 1 overall pick in Thursday's NBA draft – has sputtered because of Love's warning he'd never sign an extension with the Cavaliers, league sources told Yahoo Sports. There was no deal structure fully in place, but the Cavaliers had been fiercely determined to secure Love in a trade package, sources said.

Chris Broussard, ESPN.com: Though the Los Angeles Lakers are not on [Carmelo] Anthony's current list, Kobe Bryant plans to recruit him to the team. Bryant, who is close with Anthony, spoke to him by telephone when they were in separate parts of Europe earlier this week.

Barry Jackson, Miami Herald: Even though [Chris] Bosh said he would be receptive to taking a pay cut and a [Dwyane] Wade associate said Wade is open to the idea, it might not create enough space to add one of this summer’s priciest free agents if [LeBron] James doesn’t do the same. A Wade associate said Wade would be receptive to considering a four-year, $60 million deal to replace the $42 million he’s owed over the next two seasons.

Marc Spears, Yahoo Sports: [Jabari] Parker said the Milwaukee Bucks have promised they would select him with the second overall pick Thursday if he is still available. A source told Yahoo Sports that the Bucks like Parker a lot, but have not made him a promise. The Cleveland Cavaliers have the No. 1 pick, but Parker said they haven't shown any indication that they would select him.

Chad Ford, ESPN.com: Dante Exum has declined to fly to Cleveland for a workout today according to a source.

Chris Herring, Wall Street Journal: I'm hearing the Knicks are trying to move [Sam] Dalembert and [Shane] Larkin in a separate deal, according to a person familiar with the matter.

Broderick Turner, Los Angeles Times: The Clippers have the 28th overall selection, but league officials who were not authorized to speak publicly said [coach/president Doc] Rivers doesn't want to add a rookie to his roster and would rather have the cap space than pay the guaranteed salary that goes to a first-round draft pick. The officials said that Rivers has offered trade scenarios centering around their pick, plus a wing player — either Jamal Crawford, Matt Barnes or Jared Dudley — and reserve guard Willie Green.

Brian Windhorst, ESPN.com: More dominos will fall in Omer Asik-to-Pelicans deal. N.O. may move Austin Rivers to create cap space. One option: dad Doc owns trade exception

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