Steve Nash is reportedly coming to the Lakers in a sign-and-trade deal that would pay him more than $25 million over the next three years while the Phoenix Suns would get draft picks and cash.
The Lakers, who are over the salary cap, can absorb Nash's contract with the trade exception they received when sending Lamar Odom to the Dallas Mavericks last season.
The deal will not become official until July 11, when a 10-day moratorium on NBA business that started on July 1 is lifted.
Nash, a two-time MVP while playing for the Suns, would replace Ramon Sessions at point guard. Sessions did not exercise his player option and is now a free agent.