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These are yesterday's basketball rumors. For the most recent stories click here.

After reading today's Basketball Rumors talk on the InsideHoops basketball forum where hardcore fans hang 24/7 talking hoops.

NBA Rumors for Wednesday, February 22

InsideHoops NBA rumors updated 10:00 a.m. ET. We update this page several times a day. Most of our updates throughout the day appear on our basketball blog. Click a bball story to read more, then click "BACK" to return here.

nba rumors The Houston Rockets covet Cleveland Cavaliers swingman Iman Shumpert and have engaged in talks with the Cavaliers about acquiring Shumpert before Thursday's trade deadline, according to league sources. ESPN.com

But the Cavaliers, sources say, would want Rockets guard Patrick Beverley as the primary return in a Shumpert trade. And Houston, sources said Wednesday, is resistant to parting with Beverley, who ranks as its top on-the-ball defender on the perimeter. ESPN.com

Sources say New York and Chicago have also expressed interest in Beverley, who wants to remain in Houston. ESPN.com

nba rumors The Washington Wizards are acquiring forward Bojan Bogdanovic in a trade with the Brooklyn Nets, league sources told The Vertical. The Wizards will send a 2017 lottery-protected first-round draft pick, forward Andrew Nicholson and guard Marcus Thornton to the Nets, league sources said. TheVertical

Forward Chris McCullough will join Bogdanovic in the deal to Washington, sources said. The trade gives the Nets two first-round picks in the deep 2017 NBA draft. Brooklyn is due to swap its own pick with the Boston Celtics, which means the Nets will likely have two picks in the 20s range of the draft. TheVertical

nba rumors The Indiana Pacers are gauging the trade market on All-Star forward Paul George, league sources told The Vertical. The Pacers are working the trade deadline on parallel fronts: Pursuing deals that will bring talent into Indiana to sell George on signing a long-term extension – and soliciting deal offers on George that would signal a rebuild around center Myles Turner, league sources told The Vertical. The Vertical

There’s no urgency to make a deal for George, unless the Pacers fear the Boston Celtics could ultimately provide Indiana the best possible package of assets in a deal – and think that option could disappear if Boston makes a deal with Chicago for Jimmy Butler. The Vertical

So the Pacers are 29-28 and rebuilding, with Myles Turner looking like a budding star at center, power forward Thaddeus Young a solid veteran, Teague a solid point guard and wings Monta Ellis, C.J. Ellis and Glenn Robinson providing varying degrees of production. The only players in the rotation under 26 are Turner and Robinson. Meanwhile, the Thunder is rebuilding around Westbrook and three players under 25 – Steven Adams, Victor Oladipo and Enes Kanter. So OKC has a lot more upside than does Indiana. Oklahoman

nba rumors With the NBA trade deadline looming, the market for Brook Lopez is shrinking. The Nets could very well deal Bojan Bogdanovic instead. Though Caris LeVert and Rondae Hollis-Jefferson have garnered the most interest, Brooklyn is unlikely to deal either youngster. But sources confirmed the Wizards and Cavaliers are viable suitors for Bogdanovic, with the Vertical reporting the Nets are closing in on moving the Croatian small forward. NY Post

Brooklyn had initially wanted two first-round picks for Lopez — the going rate for decent big men since the 2015 Timofey Mozgov trade — and got varying degrees of interest from New Orleans, Sacramento, Boston and Indiana. But once the Kings got little for Cousins (essentially Buddy Hield, and first- and second-round picks), the Nets read the market and lowered their demands. ESPN is reporting their asking price has dropped to a first- and a second-round pick. NY Post

The Cleveland Cavaliers will re-sign swingman Derrick Williams to a second 10-day contract prior to practice Wednesday, a team source told ESPN. Williams' initial 10-day contract expired during the All-Star break, and the Cavs waited a few days before renewing his deal. The team wanted Williams' roster spot left open while general manager David Griffin fielded trade opportunities, which could require an extra roster spot to facilitate leading up to the deadline Thursday. ESPN.com

With an open roster spot and needing frontcourt help, the Cleveland Cavaliers are meeting with free agent forward Larry Sanders. The 28-year-old hasn't played since the 2014-15 season, when he averaged 7.3 points and 6.1 rebounds in 27 games for Milwaukee before the Bucks bought out his contract. Sanders announced his comeback last month. Boston Herald/AP

Knicks star Kristaps Porzingis dropped a comment on Instagram beauty and Sports Illustrated stunner Abigail Ratchford’s page after she posted photos of her sexy red ensemble, showing off her figure from the front and back. Using two sets of emoji eyes, Porzingis’ remark didn’t go unnoticed by Ratchford, who not only replied with the same set of emoji eyes and a kiss, but opened the floodgates to hundreds of other commenters. NY Post

nba rumors The Rockets are sending Corey Brewer and a first-round pick to the Lakers for Lou Williams, league source tells @TheVertical. Adrian Wojnarowski

Lakers are finalizing a multi-year agreement with agent Rob Pelinka as general manager, league sources tell @TheVertical. He'll start soon. Adrian Wojnarowski

nba rumors Los Angeles Lakers Governor Jeanie Buss announced today that the team has named Earvin “Magic” Johnson as President of Basketball Operations. In addition, General Manager Mitch Kupchak has been relieved of his duties, effective immediately. Inside Hoops

Furthermore, Jim Buss will no longer hold his role as Lakers Executive Vice President of Basketball Operations. “Today I took a series of actions I believe will return the Lakers to the heights Dr. Jerry Buss demanded and our fans rightly expect,” Jeanie Buss said. Inside Hoops

The Lakers also announced they have parted ways with John Black who had been the Lakers Vice President of Public Relations for many years. Chief Operating Officer Tim Harris will immediately begin a search for a replacement. Jeanie Buss added, “We thank John for his many years of service.” Inside Hoops

Jeanie Buss made the sweeping changes just two days before the NBA’s trade deadline. The Lakers are 19-39 this season, plummeting out of contention after an encouraging 10-10 start under new coach Luke Walton, who got a strong vote of confidence from Jeanie Buss. The Lakers are mired in the worst four-year stretch in franchise history, missing the playoffs in three consecutive years with their three worst records ever. They finished 17-65 last season, a franchise low in the last year of Kobe Bryant’s two-decade run with the franchise. OC Register

Though he had initially said in a Spectrum Sports Interview that Jim Buss was in charge, Johnson said in subsequent interviews with CBS and ESPN that he would like to be in charge. Johnson has Hall of Fame credentials as a five-time NBA champion with the Showtime Lakers. But he has no front office experience. OC Register

Jim Buss already had vowed in 2014 that he would step down if the Lakers did not become a Western Conference contender by this year or next, a timeline Jeanie Buss said she would him to when evaluating possible changes. Jim Buss had been in the Lakers’ front office for 19 years, including 12 in charge of basketball operations alongside Kupchak. OC Register

After sweeping front-office changes to hire Magic Johnson as president of basketball operations for the Los Angeles Lakers, the franchise is strongly considering agent Rob Pelinka to become general manager, league sources told The Vertical. Pelinka has been one of the NBA’s top player agents and has strong ties to the franchise through his relationship with longtime client Kobe Bryant and owner Jeanie Buss. Pelinka is at the top of a short list of candidates to become the top day-to-day executive, sources said. The Vertical

Before the Lakers fired Mitch Kupchak and Jim Buss on Tuesday, the franchise had already moved away from trying to pursue the Golden State Warriors’ Bob Myers, the franchise’s original top target for general manager, league sources told The Vertical. After Myers signed a recent contract extension, it became clear to Lakers brass that it would be unable to lure Myers, league sources said. The Vertical

Kupchak spent 30 seasons with the Lakers, starting as a player, and was in his 17th as the team's general manager. The blueprint for the agent-to-front-office transition was established by current Golden State Warriors general manager Bob Myers. ESPN LA

The Lakers also announced that they have parted ways with Lakers longtime publicist John Black, who was with the team for 27 seasons. Lakers chief operating officer Tim Harris will immediately search for Black's replacement, the Lakers noted in their statement. ESPN LA

Kupchak was in his 30th season working in the Lakers front office, and had been involved with the organization in some capacity since 1981. He was the Lakers’ general manager for 17 years, the longest active streak in the NBA until today, and was the architect of two championship teams in 2009 and 2010. LA Times

"We have really good, young talent," Johnson said in a statement Tuesday. "We have to develop that young talent. I'm looking forward to getting out on the court with them." Johnson will report directly to Jeanie Buss, the Lakers' governor. The club will begin a search for the next general manager immediately. NY Daily News

Buss played a role in hiring Rudy Tomjanovich to a five-year, $30 million deal in 2004 to replace the outgoing Phil Jackson. Tomjanovich would later resign midway through the season. Buss also influenced the decision to draft 17-year old center Andrew Bynum in the 2005 NBA Draft. Buss also put a deal in place to acquire Chris Paul from New Orleans for Pau Gasol and Lamar Odom, but the NBA stepped in and blocked the trade. CSN MidAtlantic

Guard Briante Weber has been recalled from Golden State’s NBA Development League affiliate in Santa Cruz, the Warriors announced Tuesday. Weber had been sent down to participate in Saturday’s D-League All-Star Game, in which he had four points, two assists and two steals in 15 minutes of the West’s 105-100 loss to the East. San Francisco Chronicle

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