NBA free agency takes no holiday as some huge moves were completed on this 4th of July. The biggest move was pulled off by the LA lakers who acquired 2 time MVP Steve Nash from division rival Phoenix in a sign and trade package.

In exchange for Nash the Lakers send Phoenix 2-1st round draft picks and 2-2nd round picks. The 1st rounders are in 2013 and 2015.

The Lakers claimed they found their future point guard when they acquired Ramon Sessions from Cleveland but it didn't work out that way. Sessions is a free agent who could wind up in New York.

The Knicks were in the Nash sweepstakes but not only lost out on him but may be losing their starting PG if the Rockets complete the offer that is expected to come for Jeremy Lin, perhaps as soon as Thursday.

The Rockets are thought ready to offer Lin a backloaded deal worth 42 million over 4 years that would pay Lin about 22 million in the final 2 years. Because the Knicks have cap issues it is doubtful they could match such an offer. Lin was waived by the Rockets early in the season just to wind up with NY.

Other moves made on a busy day-The Suns signed free agent guard Eric Gordon to an offer sheet worth 58 million. Gordon's team, the New Orleans Hornets are believed to be leaning toward matching the deal in hopes of having Gordon play with new draft picks Anthony Davis and Austin Rivers. The Suns also sogned free agent Michael Beasley to a 3 year deal..

If Facebook is any indication Suns fans are not happy tonight. Coming from Phoenix back to New York and now working in NY many of my personal FB friends are in PHX and my FB was blowing up Wednesday. The comments about Suns owner Robert Sarver weren't kind to say the least.

I can only imagine how Knicks fans will react if Lin goes to Houston. I would expect the phone lines on the radio show-Game On with Bruce Jacobs- 3/7 pm mon-friday on 1045 The Team-ESPN radio will be blowing up. The Knicks have no healthy point guards if Lin leaves. Baron Davis is hurt. Mike Bibby is  old and Toney Douglas is well Toney Douglas.