Paul Coro of the Arizona Republic reports that the Suns are closing in on deals to acquire disgrunted Toronto Raptors forward Hedo Turkoglu, 31, and former Atlanta Hawks guard/forward Josh Childress.
According to the report, Leandro Barbosa and Dwayne Jones would be traded to Toronto for Turkoglu and Childress would be obtained via sign-and-trade. Childress has agreed to a five-year, $33 million deal with the Suns, and the team would send a conditional second-round pick to Atlanta.
Additionally, the Suns would use a portion of the Traded Player Exception they received in the Amar'e Stoudemire sign-and-trade to help complete the Childress deal. After the Childress and Warrick deals, the Suns have about $5.7 million of the exception left.
After the Turkoglu trade, Tortonto then sent Jones over to Charlotte, along with a portion of the trade exception they received from moving Chris Bosh, and obtained forward Boris Diaw from the Bobcats.
So, in the course of one evening, Raptors GM Bryan Colangelo has picked up Barbosa and Diaw, two players he brought to the Suns back when he was general manager of the team.