The latest rumor has Jermaine O'Neal going to the Lakers.
From espn.com
Lakers Shift To O'Neal
Jun 27 - With their bid to land Minnesota's Kevin Garnett all but dead, which can't make Kobe Bryant very happy, the Lakers yesterday restarted trade talks with Indiana about acquiring Jermaine O'Neal.
"O'Neal is available and the Lakers are interested," said an Eastern Conference GM last night. "That's what's being discussed now." -- New York Daily News
# Larry Bird said the Pacers have fielded calls about Jermaine O'Neal's availability but haven't initiated discussions about their All-Star forward, who is scheduled to make $64 million over the next three seasons. O'Neal may opt out of his contract after the 2007-08 season.
Bird said he talked to Timberwolves vice president of basketball operations Kevin McHale, a former teammate in Boston, but not to the other teams. Teams will likely continue to call about O'Neal.
"He's an awfully good player, and any time you have a player of his caliber you have to be careful," Bird said. "If you do trade, you have to make sure you get something back." -- Indianapolis Star