Chad Ford: Two days ago it looked like Blazers GM Kevin Pritchard, armed with Raef LaFrentz's expiring contract, would be the focal point of the trade deadline. However, as of Wednesday afternoon it is still unclear what, if anything, the Blazers are going to do.
Sources say the Bobcats turned down a Blazers offer for Gerald Wallace Wednesday afternoon. Sources also say the Vince Carter-to-the-Blazers talk has cooled considerably.
If Wallace is out and the Blazers are cooling to Carter, that puts the most likely Blazers trade scenario with Milwaukee for Richard Jefferson. The teams have previously discussed swapping Jefferson and Luke Ridnour for LaFrentz and Travis Outlaw.
While there has been significant chatter around the league Wednesday afternoon that Portland was closing in on a deal for Jefferson, sources from both teams insist that it isn't true. In fact, a Bucks source told ESPN.com that Milwaukee hasn't heard from the Blazers in a while.
Another source conceded on Wednesday afternoon that there's now a chance the Blazers might not do anything before the trade deadline. Instead they would take the savings from LaFrentz's contract and try to make a deal in free agency this summer. While the Blazers won't be flush with cash, they should have somewhere between $7-9 million in room depending on where the cap comes in.