Brian Schmitz cites "impeccable sources" who say Hill is interested in reuniting with his former team, and that Redick wouldn't mind a fresh start in Phoenix. Schmitz is good, so this one is worth checking out. No word on whether Coach K would be thrown in on the Phoenix end in the Duke-for-Duke swap.
Trade rumors are fun, but we try to deal in reality -- trades that are beyond the point of mere inquiries and actually have a chance of happening -- here at the BergerSphere. So if this rumor rises to that level, you'll be the first to know.
UPDATE: An update from a source familiar with both teams' situations -- a source who doesn't peddle trade rumors irresponsibly -- handicapped this one as "possible. Both want out from their respective teams."