As the hours count down before the deadline, teams are hurrying to find trade partners and make deals.
The Grizzlies and Rockets have exchanged proposals that focus on Shane Battier and Hasheem Thabeet. The Grizzlies sent Battier to the Rockets in a draft night deal in 2006 for Rudy Gay.
The Mavericks are in play for Josh Smith, J.R. Smith, Tayshaun Prince and Mike Miller.
The Gerald Wallace deal to Portland is currently dead, according to ProBasketballTalk.com. The deal was centered on Wallace, Joel Przybilla and draft picks.
To recap late-night deals, the Hawks and Wizards agreed to a deal that would swap Kirk Hinrich, Mike Bibby and spare parts.
The Clippers and Cavs agreed on a deal that will send Baron Davis to Cleveland for Mo Williams and Jamario Moon. The Clippers will also send a first-round draft pick.
Miami has placed a call to Dallas for Brendan Haywood.
Dallas is trying to use Caron Butler's expiring deal in any trade it may swing today.
The 76ers are looking to move some of their expiring contracts. Jason Kapono, Darius Songaila and Andres Nocioni are all available. If Kapono and Songaila are not dealt, they could be bought out.
Rumblings in Denver have Raymond Felton unhappy about backing up Ty Lawson, and he could be dealt before the day is done.
Raja Bell is reported to not want to take part in the Jazz's rebuilding plans and may ask to be moved.