It looks like this Gilbert Arenas trade is actually happening as soon as Saturday. The Magic have reportedly completed a deal with the Phoenix Suns that will set in motion their trade with the Washington Wizards involving Arenas and Rashard Lewis.
Paul Coro of the Arizona Republic confirms that the Suns have agreed to trade Hedo Turkoglu, Jason Richardson and Earl Clark to the Magic for Vince Carter, Marcin Gortat, Mickael Pietrus, a first-round pick and $3 million cash.
Source confirms reports that the Suns will trade JRich, Hedo & Clark to ORL for Carter, Gortat, Pietrus, '11 1st-rounder & $3M. The Suns-Magic trade is expected to become official this afternoon.
This sets in motion the second deal -- Lewis for Arenas. With Richardson, Turkoglu and Arenas surrounding Dwight Howard, the Magic have orchestrated a major facelift at a time they needed it most.