Basketball : NBA transfers/trades in 2009/2010 season

The Washington Wizards have waived veteran center Zydrunas Ilgauskas after a mutual agreement on a contract buyout. The 34-year-old spent the first 11-plus seasons of his career with the Cavaliers before being traded last week to Washington in a three-team deal with the Los Angeles Clippers. His old teammates want him to return to Cleveland and Ilgauskas would be able to rejoin the Cavaliers in 30 days, but could sign with another team immediately.

The Utah Jazz have traded swingman Ronnie Brewer to the Memphis Grizzlies for a protected future first-round draft choice just before the deadline Thursday. Brewer is averaging 9.5 points, 3.4 rebounds and 2.8 assists is in 53 games for the Jazz this season. The 24-year-old started all 53 games this campaign and 80 of 81 last year. He has been starting since his second season in the league and averaged 10.5 points in 266 games for the Jazz.

The Knicks acquired Tracy McGrady in a three-team swap with the Houston Rockets and the Sacramento Kings. To get him, the Knicks sent Jared Jeffries and rookie Jordan Hill to Houston along with a protected first-round pick in 2012, and gave the Rockets the right to exchange first-round picks in 2011. The Rockets will get high-scoring guard Kevin Martin and forward Hilton Armstrong from Sacramento, while the Kings received Larry Hughes from the Knicks, Carl Landry and Joey Dorsey from Houston and sent guard Sergio Rodriguez to New York. The Knicks also dealt Nate Robinson to Boston along with Marcus Landry for Eddie House, J.R. Giddens, Bill Walker and a future conditional second-round pick, and acquired forward Brian Cardinal from the Minnesota Timberwolves in exchange for center Darko Milicic and cash considerations.

The Cleveland Cavaliers acquired Antawn Jamison from Washington, the forward they hope will fit in between LeBron James and Shaquille O'Neal on a championship front line. Jamison was the centerpiece of a three-team deal that also sent Drew Gooden to the Los Angeles Clippers. Washington received Cavaliers center Zydrunas Ilgauskas, a 2010 first-round draft pick and the rights to Emir Preldzic, who was selected in the second round of last year's draft from Cleveland. The Wizards also received forward Al Thornton from Los Angeles, while Cleveland gets guard Sebastian Telfair from the Clippers.

The Chicago Bulls have traded forward Tyrus Thomas to the Charlotte Bobcats in exchange for guards Acie Law and Flip Murray. The Bulls also received a future first-round pick. The Milwaukee Bucks sent forwards Hakim Warrick and Joe Alexander to the Chicago Bulls in exchange for guard John Salmons. The Bucks also obtained the Bulls' second-round picks in 2011 and 2012, along with the option to switch first-round picks in the 2010 draft, provided that Chicago's pick isn't in the top 10.

The Portland Trail Blazers have acquired center Marcus Camby, the league's second-leading rebounder, from the Los Angeles Clippers in exchange for guard Steve Blake, forward Travis Outlaw and cash considerations. All three players are in the final years of their respective contracts and the deal will give Portland a much-needed presence in the middle with both Greg Oden and Joel Przybilla out for the season.

The Dallas Mavericks have made the first blockbuster trade of 2009/10, acquiring Caron Butler and Brendan Haywood from from Washington in a seven-player deal that strengthens them for a playoff run and signals the breakup of a disappointing Wizards team. Dallas also got guard DeShawn Stevenson and cash considerations, while Washington will receive forward Josh Howard, forward/center Drew Gooden, forward James Singleton and guard/forward Quinton Ross.

The New Orleans Hornets have acquired a conditional second-round draft pick in 2014 from the Los Angeles Clippers in exchange for guard Bobby Brown. Brown averaged 6.6 points and 2.1 assists in 22 games for the Hornets this season. The Hornets have also traded starting shooting guard Devin Brown to the Chicago Bulls for backup center Aaron Gray. The 31-year-old Brown is averaging 9.7 points in 39 games for New Orleans this season, starting all but two games. Gray averaged 2.3 points and 2 rebounds in 8 games this season with the Bulls.

The Milwaukee Bucks have signed veteran guard Jerry Stackhouse for the rest of the season. The 35-year-old hasn't played in the league this season. He was traded in the offseason from Dallas to Memphis, but was then released by the Grizzlies. In 10 games last season, Stackhouse averaged a career-low 4.2 points. The two-time All-Star has career averages of 18.4 points, 3.7 assists and 3.4 rebounds over 854 games with Philadelphia, Detroit, Washington and Dallas.

The New Jersey Nets waived guard Rafer Alston and acquired guard Chris Quinn from the Miami Heat in a salary dump for the league's worst team. Alston, 33, was in the final year of a contract that was to pay him $5.2m this season. The two sides did not disclose the buyout payment. Alston averaged 9.7 points and 3.9 assists in 27 games, including 13 starts. Quinn spent his first three-plus NBA seasons with the Heat, averaging 5.6 points and 2.2 assists in 168 career games, including 26 starts.

The Philadelphia 76ers officially guaranteed the contract of guard Allen Iverson for the remainder of the 2009/10 season on Tuesday. The Sixers could have waited until Wednesday the final day, to guarantee the remainder of his prorated one-year contract worth $1.3m. The 34-year-old, who was brought back to the team as a free agent in early December, has started nine games this season with the Sixers, averaging 15.7 points, 4.7 assists, 3.4 rebounds and 1.0 steals.

Houston Rockets general manager Daryl Morey has confirmed the team is looking to trade Tracy McGrady. The two sides have apparently mutually agreed to have the seven-time All-Star hang out at home while the team attempts to trade him. In the final year of his contract, McGrady has been disgruntled with his playing time since returning from microfracture surgery on his left knee earlier this month, averaging just 7 1/2 minutes over his first six games.

The New York Knicks have signed free agent forward Jonathan Bender. Bender returns to the NBA after a lengthy absence while battling chronic knee pain. He hasn't appeared in a game since November 5, 2005. Originally taken fifth overall by Toronto in the 1999 draft, Bender has averaged 5.6 points and 2.2 rebounds in 237 games, all with Indiana.

The Philadelphia 76ers officially welcomed back guard Allen Iverson during Thursday's press conference. Iverson's return was complete on Wednesday, when he agreed to a pro-rated and non-guaranteed $1.3m deal for the remainder of the season. The 10-time All-Star guard is returning to the franchise where he was an MVP, calling it an opportunity he couldn't turn down. Iverson, 34, is expected to make his season debut in Philadelphia on Monday against the Denver Nuggets.

The Philadelphia 76ers are on the verge of bringing back Allen Iverson. According to media reports, the Sixers offered a one-year, non-guaranteed contract to the 34-year-old on Tuesday. If Iverson accepts the offer, his likely debut would come Monday at home against Denver. The 10-time All-Star announced his retirement last week after an ill-fated stint with the Memphis Grizzlies. Iverson was NBA MVP in 2001 when he led the Sixers to the NBA finals.