Jason Williams is close to being traded in a three-team deal that would include Miami, according to an NBA source familiar with the Grizzlies' dealings. It is not known where Williams would land in the proposed deal.

Griz president Jerry West already has Williams's replacement in the starting lineup on the radar.

Although Damon Stoudamire is atop the Grizzlies' wish list, West downplayed a Houston Chronicle report that the Griz and Stoudamire have agreed on a four-year, $17 million contract.

"We have interest," West said Saturday. "We're exploring a lot of options, and he's not the only one. We have interest in a lot of people."

Former Cavalier Jeff McInnis agreed to a two-year, $7 million deal with the New Jersey Nets on Thursday, an NBA insider confirmed.

The Cavaliers never considered re-signing the mercurial McInnis, but were in preliminary talks about sign-and-trade deals involving him. One target was Damon Jones, who opted out of his contract with the Miami Heat.

The Heat were interested in McInnis, which made the teams potential trading partners, but they weren't able to get anything done before the Nets swooped in and landed McInnis.

The team can still sign 3-point specialist Jones with their remaining salary-cap space, which is estimated to be around $3.5 million, but using a sign-and-trade would've removed that restraint.

The Miami Herald reported the Heat plan to work out Dajuan Wagner, another Cavaliers free agent not expected to re-sign. It is possible the two teams could attempt to get a sign-and-trade deal done involving Wagner and Jones.

Antoine Walker, one of the NBA's top remaining uncommitted free agents, has emerged on the Heat's radar.

According to sources familiar with the Heat's approach, the team plans to discuss a role with the 6-foot-9 forward, perhaps today.

Walker split time last season between Atlanta and Boston, helping to fuel a late-season playoff push by the Celtics. However, with Boston committed to a youth movement, the 28-year-old is not expected to be invited back by the Celtics.

Already over the salary-cap, the Heat would be limited to a bid of its $5.1 million mid-level exception or have to work out a sign-and-trade agreement with the Celtics. Walker earned $14.6 million in the final year of a six-year, $77 million contract.

With Walker a quality ball-handler and streaky 3-point shooter, the Heat could field an oversized lineup of Shaquille O'Neal at center, Udonis Haslem a power forward, Walker at small forward, Eddie Jones back at his natural shooting guard and Dwyane Wade back a point guard, where he played in 2003-04 as a rookie before switching to shooting guard last season.

Miami has shown interest in working out guard Dajuan Wagner, the former lottery pick who flopped with Cleveland.

The Heat have yet to come to terms with free agent Damon Jones.

Sources have confirmed that Keyon Dooling has agreed to a contract with the Orlando Magic.

RealGM and DraftExpress first reported the Magic had offered Dooling a contract on Wednesday.  The offer was three years for $9 million.  The Magic were forced to up their initial offer when the Nets were able to execute a sign-and-trade deal with the Blazers for Shareef Abdur-Rahim.

Dooling will sign a four-year pact with the Magic worth between $11 million and $12 million.

Quiet throughout the first three weeks of the NBA's free-agent courting period because of roster and financial restrictions, the Orlando Magic appear poised now to spring into action.

Intent on upgrading their depth at point guard, the Magic could be on the verge of extending a contract offer to either Memphis' Earl Watson, Miami's Keyon Dooling or Chicago's Chris Duhon.

Orlando is in no hurry to make a splash in free agency, assistant general manager Otis Smith said Thursday, but the team would like "to have something concrete in the next two to three days."

Such a signing would allow the Magic to move Steve Francis exclusively to shooting guard and signal that the team does not believe Jameer Nelson is ready to start at point guard.

Now that the Nets have reached an agreement to complete a sign-and-trade deal for Shareef Abdur-Rahim, they are free to use the mid level exception on another player(s).

Keyon Dooling has emerged as the Nets' next priority and the only hang up appears to be if the 6-3 guard out of Missouri would be comfortable backing up Jason Kidd.  

The Nets met with Dooling on Thursday.

Dooling was reportedly offered a $9 million contract by the Magic earlier in the week.  

Signing with the Nets would give Dooling an opportunity to play for a consistent playoff team, a team the guard had an excellent series against last season as a member of the Heat.

Jonathan Givony of DraftExpress reported exclusively to RealGM that the Orlando Magic have offered Miami Heat free agent Keyon Dooling a three-year $9 million contract.

Givony learned of the offer on Wednesday evening from a source with knowledge of the negotiations.

Dooling, who has averaged 5.8 point per game over his five years in the NBA, has yet to accept the deal, as the Nets are also in the running for his services.

Ohm Youngmisuk of the New York Daily News reported that Dooling had arrived in New Jersey on Wednesday night in prepartion of his visit on Thursday with the Nets.  

Whether or not the Nets agree to a sign-and-trade deal with the Blazers for Shareef Abdur-Rahim will likely be the deciding factor on where Dooling eventually signs.  If the Nets are forced to use their mid level exception on Abdur-Rahim, then they would be out of the running for Dooling.

Dooling was selected by the Magic in 2000, but was traded to the Clippers on Draft Night.

The 6-3 guard out of Missouri became a key member of Miami's playoff run last season after four uneventful seasons with the Clippers.

Givony also reports that signing Dooling could open things up for the Magic to deal Steve Francis, who has been the subject of trade rumors this summer.  Givony's source indicated that the Lakers are one of the teams reportedly very interested in acquiring Francis and that Lamar Odom would definitely not be included in the discussions.

Report written by RealGM's Christopher Reina.

The Rockets are attempting to retain free agent guard Jon Barry and center Dikembe Mutombo. Barry provided a good spark off the bench, but there are plenty of possible replacements. Free agent point guards Jeff McInnis (Cavaliers), Dan Dickau (Hornets), Earl Watson (Grizzlies) and Damon Stoudamire (Blazers) have stirred some interest.

But the Rockets may look for a potential diamond in the rough. Former Duke guard Jay Williams is back playing two years after serious leg injuries suffered in a motorcycle accident. The Miami Heat and Rockets are two teams who are interested in the former second overall pick.

A source close to free agent guard Juan Dixon said that Dixon is planning to meet with the Portland Trail Blazers this week. Dixon also has been contacted by Miami and Indiana.

Dixon had 35 points in Game 4 of the Wizards first round series against the Bulls.