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The Milwaukee Bucks have a three-way trade with the Charlotte Bobcats and Sacramento Kings in place, according to Adrian Wojnarowski.
The trade would see the the Bucks get Stephen Jackson and Shaun Livingston, sources say. Charlotte would get the 7th pick in the draft and Corey Maggette.
The Bucks 10th pick and John Salmons is also going to Kings and Beno Udrih will be heading to the Bucks.
His sources also say that the Bobcats will have the 7th and 9th picks in the draft tonight as a part of the deal.

Los Angeles Lakers General Manager, Mitch Kupchak, just told reporters that as of right now, none of the reported trade discussions are going to happen.
According to Mike Trudell, all of the trade rumors involving the Lakers have been driven by agents. He also said that other teams have been approaching the Lakers and have been coming up with trade proposals - it hasn’t been LA who have been initiating any trade talk.
Finally, he told reporters that he still wants to keep the core of the team together. Is Lamar Odom included in that “core”? You’d think so.
On another note, Kupchak said he expects Shannon Brown to explore free agency, like he did last year before being re-signed by the Lakers.
The Minnesota Timberwolves have agreed to trade Johnny Flynn and their draft pick Donatas Montiejunas to the Houston Rockets for Brad Miller, the 23rd pick in the draft and a future 1st round pick, according to Adrian Wojnarowski.
UPDATE: it appears that the 23rd pick will be traded to the Chicago Bulls for the 28th pick, the 43rd pick and cash, according to Marc J. Spears.
According to Marc Stein, the Rockets will openly shop Flynn to interested teams.
There are reports that Andre Miller will be traded from the Portland Trail Blazers to the Denver Nuggets for Raymond Felton. Rudy Fernandez would also be involved in a trade to the Dallas Mavericks for their 26th draft pick Jordan Hamilton. Hamilton would then stay with the Blazers and not be sent to the Nuggets as first reported.
Also included in the Mavericks trade with Portland is the 57th pick going to Dallas for the rights to 2007 draftee Petteri Koponen, according to sources.
Source: Marc Stein.
According to Chad Ford, the 58th pick in the draft by the Los Angeles Lakers was on behalf of the Denver Nuggets. They selected Chukwudiebere Maduabum with the pick.
It is currently unclear what the trade entails, but it will most likely just be an exchange for cash.
Monta Ellis’ agent has told the Golden State Warriors that his client wants to be traded, according to the New York Post.
It’s thought that the Warriors were not going to move Ellis - even though they had some good offers for him - but now that the trade request has been sent, they may listen to attractive offers.
New Warriors coach Mark Jackson has stated that he thinks Ellis is the 3rd best shooting guard in the league and he’d like to retain his services; this one may be out of his hands, though.

According to Richard Justice, the Houston Rockets came close to trading for Andris Biedrins of the Golden State Warriors last night.
It is unclear why the deal didn’t happen and who the Rockets would send to the Warriors in exchange for Biedrins, but Justice reports that Houston will continue to pursue Biedrins over the next few days.
Picking up a fairly good center is needed for the Rockets due to Yao Ming’s career currently being up in the air and with Houston sending Brad Miller to the Minnesota Timberwolves last night, the acquisition of Biedrins would make even more sense.
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