It’s not clear if Bosh will sign with Miami outright or join via sign-and-trade. If he goes through the sign-and-trade route, he may end up earning $125 million over six years. An outright sign could get him $96 million over five years.

Wade and Bosh are expected to earn the maximum amount allowable, although if the Heat can manage to sign LeBron James, their salaries may be reduced. James will make his decision at 9 PM EST tomorrow on ESPN.

Wade and Bosh will help team president Pat Riley lobby LeBron, even if it means financial hardships for the basketball club.

Big breaking news coming in this early 4th of July morning, as ESPN is reporting that former Magic G/F Hedo Turkoglu has agreed to a multi-year deal with the Toronto Raptors.  The contract is reportedly worth around 5 years/$55 million. This will put the Raptors just below the cap limit.

Early in the day, it had been reported that Hedo had agreed to a deal with the Portland Trailblazers, who had planned to plug him in alongside Brandon Roy and Greg Oden.  However, despite verbally agreeing, Turkoglu decided a better fit would be in the Eastern Conference, which is significantly less competitive than the Western Conference.

The signing will undoubtedly give F Chris Bosh, who is in his contract year, a chance to win a championship.  With the addition of Hedo, who threw in 16.8 ppg for the Eastern Conference champion Orlando Magic, Bosh will be able to dominate the paint as he has in years past with some assistance as well.  He is predicted to be one of the key free agents of the class of 2010.

Turkoglu’s former team, the Magic, will plan to move forward with the recently-acquired Vince Carter.  Though he may not be able to fill the void, the team plans to move forward with their current line-up under coach Stan Van Gundy.

We will have more on this story as we learn more details.

Photo Source: Getty Images

What an April Fools prank it was that day. There were so many pranks that day in Orlando. It was like 80 pranks all in one! Thanks to Yahoo Sports, they reported this funny prank. I was laughing my head off. Here it is:

Well the staff of the Magic had a fun day. I couldn’t explain it, but some of the links helped me. That day, the Magic pretended to trade Dwight Howard to the Oklahoma City Thunder and re-sign NBA great, Penny Hardaway. Then they would play basketball like the Washington Generals.

It was weird how the fans believed it. But what got funnier was that the Magic lost the game. To who? THE RAPTORS, 99-95! Wow. But here’s where it gets better. Halftime. Now I need to explain this. You’ll love it. Absolutely love it.

Okay, so here’s how it went. Like what happened in this one halftime game, the NBA version was so way better. So, there was this blind-folded man, you see. And guess what he had to do? Hit a half-court shot, blind-folded. Can’t see anything!

If he made this shot, he wins 100,000 dollars! The fans packed in Orlando really didn’t want to believe this. They thought it was just some random guy who would try it but will miss it. Wrong. This is where it gets exciting.

He made it.

The fans in Orlando were just going berserk! Going wild. It’s like making a movie called Fans Gone Wild. The so-called Mr. Lucky guy made the crowd get shocked, however.

“I actually just got laid off from work,” he said, “but we’re going on a trip.”

To where?

When the fans didn’t get it, he did. He told them what it all was. And that is where he probably should have just ran away because I think the fans might have been pissed off. It was all a joke!

You can see jaws dropping, eyes wide open, drooling. Everything. Even that record scratching noise you hear on some of those TV shows when something bad or lame happens.

You think it was horrible? Not really.

The blind-folded man was a hired actor, according to Sentinel. So it wasn’t that bad. The fans didn’t care, just about the game. And some of the fans will never ever forget this prank.

So it is Magic beating the Fools, 1-0. Is that it, right? Hey, maybe when you are on the Magic staff, you can try this, too. But only on a special day. Which one am I talking about, you may ask? Well that may be April Fools day.

And no one can make a better prank like this for the whole year!

This coming to the SFC newsroom as the Toronto Raptors and Miami Heat have agreed to a deal that will see Shawn Marion and Marcus Banks go to the Raptors for Jermaine O’Neal and Jamario Moon. The two teams have been working on this deal for the past month which has finally ended with the trade. More to come on today’s NBA Blockbuster move of today.

After a 8-9 start, the Toronto Raptors have fired head coach Sam Mitchell.  Mitchell was the 2006-2007 NBA Coach of the Year.

More to come on this shocking firing as details unfold.