Swingman Gerald Wallace reportedly has agreed to a four-year, $40 million contract with the Brooklyn Nets on Sunday.
The deal, reported by ESPN.com, came after Wallace opted out of his $9.5 million player option for the 2012-13 season.
The NBA free agency negotiating period began Sunday. Contracts cannot be signed until July 11.
Wallace was acquired from the Portland Trail Blazers for the Nets' first-round draft pick at the trading deadline. He averaged 13.8 points and 6.7 rebounds a game last season.
The Nets focus now turns to free agent point guard Deron Williams, who has said his will pick between the Nets and the Dallas Mavericks.
--- Indiana Pacers restricted free agent Roy Hibbert reportedly has been offered a maximum contract by the Portland Trail Blazers on Sunday.
Hibbert has received a four-year, $58 million offer sheet from the Trail Blazers, according to SI.com.
The report said Hibbert, 25, is leading toward taking the Blazers deal after the Pacers initially did not offer a maximum deal to keep him. The Pacers have three days to match the deal.
Hibbert averaged 12.8 points, 8.8 rebounds and two blocks a game last season.
---The Toronto Raptors have offered free agent guard Steve Nash a three-year, $36 million deal, ESPN.com reported
Nash, 38, made $12 million this past year with the Phoenix Suns, so he would be making the same amount per year despite his advanced age.
Nash is Canadian, and he is very popular in Canada, which accounts for much of the Raptors' interest in Nash, Nash averaged 12.5 points this past season, his lowest scoring average since the 1999-2000 season, but he also averaged 10.7 assists this year.
The Raptors already have a pretty good point guard in Jose Calderon.
---The Boston Celtics and Memphis Grizzlies as well as the Miami Heat are interested in free-agent guard Ray Allen, ESPN.com reported.
Sources told ESPN.com the Heat have made Allen their top offseason priority, but others apparently are in the hunt.,
According to the report, the Grizzlies have offered Allen their full mid-level exception, worth $5 million, for two years. Miami can only offer Allen its mini-mid-level exception worth $3 million. The Celtics may be ready to give Allen a two-year, $12 million contract, according to sources.
----The Brooklyn Nets and Atlanta Hawks are discussing a possible multiplayer deal that would send several expiring contracts to the Atlanta for All-Star guard Joe Johnson, according to ESPN.com.
The Nets may be hesitant because they would be giving up a lot of financial flexibility.
One proposal, according to the report, is for the Nets to send the expiring contracts ofJordan Farmar, Johan Petro, Anthony Morrowand Jordan Williams to the Hawks in exchange for Johnson.