Richard Jefferson

Spurs, Warriors Swap Jefferson, Jackson

The Spurs and Warriors have agreed to a trade that will send Richard Jefferson and T.J. Ford to Golden State and Stephen Jackson to San Antonio, reports Marc J. Spears of Yahoo! Sports (via Twitter). The Warriors will also receive a conditional first-round pick in the deal, according to Marcus Thompson II of the Bay Area News Group.

Jackson, who was acquired by the Warriors earlier this week, is a favorite of Spurs coach Gregg Popovich. Unlike Jefferson, who still has two years and $21MM+ remaining on his deal after this season, Jackson will be entering the final year of his contract this summer. He's set to earn just over $10MM next season.

Ford recently announced his retirement, so he was only included in the trade for financial purposes.

Spurs, Warriors Discussing Jefferson, Jackson

1:20pm: A first-round pick figures to be shipped to Golden State in the proposed deal, tweets Marcus Thompson II of the Bay Area News Group.

1:13pm: Marc J. Spears of Yahoo! Sports classifies the discussions involving Jefferson and Jackson as "advanced" (Twitter link). TNT's David Aldridge also says an agreement is close, and points out that Spurs coach Gregg Popovich has always liked Jackson (Twitter link).

12:58pm: The Spurs and Warriors are discussing a potential trade centered around swapping Richard Jefferson for Stephen Jackson, tweets Ric Bucher of ESPN.com.

Neither player has a particularly appealing contract — Jefferson has two years (second-year player option) and $21MM+ remaining on his deal after this season, while Jackson is under contract for $10MM+ next season. The Warriors acquired S-Jax just two days ago from the Bucks.