Nash will go to the Lakers in a sign-and-trade with the Lakers being able to absorb Nash’s contract because of the trade exception they received when they traded Lamar Odom to the Dallas Mavericks last year.

Nash is set to sign with the Lakers for three years in a deal worth around $25 million.

The Lakers will receive four draft picks from Phoenix in the deal, first rounders in 2013 and 2015 and second rounders in 2013 and 2014.

The Lakers’ name came up as a possible destination for Nash Tuesday night but then it was rumored Phoenix would not deal Nash to their old nemesis.

The Knicks emerged as the favorite to get Nash today in what would have been their own sign-and-trade sending Iman Shumpert to the Suns.

The Toronto Raptors also went all in on Nash offering him a 3-year, $36 million deal as well as offering Landry Fields a 3-year, $20 million in an attempt to prevent New York from working out a sign-and-trade with the Suns for Fields.

The storyline surrounding the Lakers for much of last season was that they needed a point guard. When they traded for Ramon Sessions it was a big deal. So trading for Nash now is that much bigger of a deal in L.A.

Nash is 38 years old but played some great basketball last season. It will be interesting to see the dynamic between him and Kobe Bryant but you have to figure they will find a way to make it work.

Here is Nash’s statement regarding the trade via ESPN:

For the last 8 seasons I’ve been blessed to play for a team and a city that has embraced me and that I have come to call home. This is a tough business and the only thing constant in life is change.

After talking with (owner) Robert (Sarver) and (president of basketball operations) Lon (Babby) we’ve agreed that it’s time for both of us to move in new directions. I approached them and asked if they would be willing to do a sign and trade deal with L.A. because it is very important to me to stay near my children and family.

They were very apprehensive and didn’t want to do it. Fortunately for me, they reconsidered. They saw that they were able to get assets for their team that will make them better, assets they would not have otherwise had and it made sense for them to do a deal that helps their team get better.

I couldn’t be more grateful to the organization and Robert in particular. I know how hard this was for him and that fact that he was able to help me and my family in this way … it means a lot and says a lot about his character. I will never forget this gesture. Above and beyond.

The Phoenix Suns are an amazing organization and fans should be excited about their future. I hope the Suns win a championship some day soon for all the amazing fans and wonderful people in the organization.

Derick E. Hingle-US PRESSWIRE

Kevin Durant and Russell Westbrook will be representing their country in the 2012 Olympics this summer for Team USA Basketball. USA Basketball chairman Jerry Colangelo announced that nine of the 12 roster spots are secured.

Durant and Westbrook are among the nine along with LeBron James, Kobe Bryant, Carmelo Anthony, Chris Paul, Deron Williams, Kevin Love and Tyson Chandler.

That will leave three spots left for five players to compete for. The five players left are Blake Griffin, Andre Iguodala, Rudy Gay, Eric Gordon and James Harden.

Many potentials have dropped out from the team, most recently No. 1 overall pick Anthony Davis and Lamar Odom.

“We will not be adding anybody,” Colangelo told Fox Sports. “We feel good with what we have.”

When you look at the nine secured spots, only two of those players play the four or five in the NBA in Love and Chandler. LeBron, Durant and Anthony could each play the four in international play but one would still believe Team USA needs some more size.

Griffin should make the team because of this and possibly Gay as well, who has more size than Iguodala and is also a better perimeter shooter.

That will leave one last spot for Gordon, Iguodala and Harden to battle for. The roster needs a shooter which would make Gordon or Harden most appealing but since they will be so small, a player like Iguodala could also be a good choice.

Right now, Gordon is probably the better spot-up shooter than Harden and would most likely get the nod but people shouldn’t underestimate Harden. It’s easy to remember his play in the NBA Finals and forget what he did this season before that.

Harden really made a leap this year inserting himself into “Top 5 SG’s in the NBA” conversations. The fact that Durant and Westbrook are going too could make the choice of Harden more likely as well.

“I’m very confident with the roster we will have,” Colangelo said. “We have a few days now to decide if we want a shooter, you’ve got Harden. Do we want a defensive specialist? There’s Iguodala. And Rudy Gay is versatile. He played (center at times) for us in the World Championships. We have people who are versatile.”

The final roster will be revealed Saturday night at 7 p.m. EST on NBA TV.

Odom will return to where he started playing in the NBA for next season as he was traded to the Los Angeles Clippers Friday.

Mo Williams went to the Utah Jazz in the 4-team deal. Dallas did it essentially to just get rid of Odom’s salary.

Odom loves playing in cities with good weather. This is not a secret about him. He only wants to play for teams in L.A. or Miami.

Odom had a very tough year last year but may be revitalized on the Clippers with Chris Paul and Blake Griffin.

Odom is always a piece that any team could use and the Clippers for sure. If he can bounce back next season and return to his old self the Clippers could make a lot of noise in the Western Conference.

Dallas also received the draft rights to Tadija Dragicevic and the Clippers sent their recent draft choice Furkan Aldemir to Houston as part of the deal.