Update: The trade is official - http://www.insidehoops.com/blog/?p=6105
The Nets are close to moving Yi Jianlian.
They are working on a deal with the Wizards that would send Yi and cash to Washington for a player who makes “significantly less” than what the Nets’ power forward earns. Three sources confirmed this could happen.
The player could be Quinton Ross ($1.14 million) or one of their draft picks. Yi makes $4.05 million this season. Either way, the Nets are close to getting Yi’s salary off their books.
The Nets would do this to get as far under the cap as possible so they potentially could sign two max players. Yi for Ross would save the Nets close to $3 million and put them around $30 million.
personally if this goes down, I think New York and Miami hunt down Washington's GM for giving Chicaago and NEw Jersey more cap space... considering NY gave up most of its assets (a couple of firsts and Jordan Hill) just to dump Jefferies... I get the feeling if NY waited they could've dumped Jefferies to Sac or Washington about now for only Chandler or Hill or a pick