Terry could be taking a jet to join the Kings. (USATSI)
Jason Terry could be taking a jet to join the Kings. (USATSI)

Update 2:16 p.m. Ken Berger of CBSSports.com confirms the deal is done: 

1:00 p.m. ET

Ken Berger is confirming reports that the Sacramento Kings and Brooklyn Nets are nearing completion of a trade. The Kings would be sending shooting guard Marcus Thornton to the Nets in exchange for shooting guard Jason Terry and power forward Reggie Evans.

The Nets would be bolstering the scoring off their bench by replacing Terry with Thornton, and possibly setting themselves up to absorb another contract, probably a big man, either by using their Disabled Player Exception or some other trade chip. Losing the rebounding of Evans would be tough for the Nets but they can find a replacement on the trade market.

The Kings would be freeing up more space for Ben McLemore to play heavier minutes and saving themselves a little over $1 million through the 2014-15 season if they end up keeping Terry and Evans.