While you were sleeping last night, Yahoo Sports reported that Joe Johnson and possibly one other player could be traded to the Charlotte Hornets in exchange for 3 young players in Lance Stephenson, Gerald Henderson and Marvin Williams.

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As of now, there are no draft picks in the deal nor is there mention of a 3rd team getting involved to make the trade happen. Joe Johnson is owed about $48 million over the next two seasons while the 3 reported players are owed about $44 million. While it doesn’t save the Nets a bunch of money, it does chip away at the luxury tax situation that they are currently in.

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If this trade were to happen, Brooklyn would get a 24 year old 6’5” shooting guard in Stephenson, a 28 year old 6’9” forward in Williams, and a 27 year old 6’5” small forward in Henderson. Charlotte would still be willing to take on Johnson contract even after the news came out about his tendinitis. With things being as bad as they are right now for the Nets, this is a must take deal.

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