Woj: Brooklyn Nets and Cleveland Cavaliers attempting three-team deal that would bring back Jarrett Jack

The Nets may get Jarrett Jack after all. Adrian Wojnarowski reports the Nets and Cavaliers are trying to work out a three-team deal that would bring Jack to the Nets, send Marcus Thornton to a third team and permit Cleveland to gain max cap space.

In pursuit of max slot for LeBron James, Cavs searching for team to take Nets' Marcus Thornton in deal to unload Jarrett Jack, sources say.

— Adrian Wojnarowski (@WojYahooNBA) July 7, 2014

Cavaliers want to unload Jarrett Jack's $6M annual deal to clear space, without touching Anderson Varejao -- a LeBron James favorite.

— Adrian Wojnarowski (@WojYahooNBA) July 7, 2014

Later, Woj told FOX Sports Radio "Nets and Cavs have deal in place" but still need the third team. Woj didn't provide details of the deal. Among the teams FOX Sports reports could take on Thornton are the Suns, Timberwolves and Mavericks.

A league source told NetsDaily that while he's hopeful, there are "a lot of if's" that have to be resolved for the deal to get done.

Sam Amico of FOX Sports Ohio quoted a source familiar with the trade talks as saying of Jack, "He's gone, one way or the other."

The Nets have had interest in Jack all year. At the deadline, Kidd expressed his displeasure at Billy King's decision to trade Jason Terry and Reggie Evans to Sacramento for Thornton instead of Jack. Jack was reportedly at the top of Kidd's list, but he is owed nearly $13 million over the next three years while Thornton is in the last year of his deal, being owed $8.6 million.

According to league sources, the Nets may seek draft picks and a young player in a deal where they would have to take on new salary in 2015-16 and a small guarantee in 2016-17. Specifically, Jack has three years remaining on his deal, all of which are worth $6.3 million. However, his deal is only guaranteed for $500,000 in 2016-2017. One player who's drawn interest is Sergey Karasev, the 6'8" Russian guard who team ownership is enamored of.

The Cavaliers with a young cadre including a re-signed Kyrie Irving and top draft choice Andrew Wiggins hopes to get enough cap space to sign LeBron James. Chris Broussard tweeted late Sunday that the Cavaliers are now likely to sign James.

Cleveland has replaced Miami as my frontrunner to land LeBron James...

— Chris Broussard (@Chris_Broussard) July 7, 2014

These convos aren't sourced enough 4 me to report as fact. But I've heard enough to believe "the wind is blowing" LJ back home. We'll see...

— Chris Broussard (@Chris_Broussard) July 7, 2014

Neither Woj nor Broussard would say how soon either of these deals might go down, but Sam Amico of FOX Sports Ohio suggested it could come together Monday.

Not sure about others, but Cavs have not been informed of any decision by LeBron. I have a feeling tomorrow, or sooner, they will know.

— Sam Amico (@SamAmicoFSO) July 7, 2014

Meanwhile, Marc J. Spears tweeted that the Nets are still appealing to Paul Pierce.

Nets FA Paul Pierce wants to play at least 2 more seasons, likes the way his body is holding up & is still very high on Nets, a source said.

— Marc J. Spears (@SpearsNBAYahoo) July 7, 2014