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From ESPN.com’s Marc Stein:

“Marc Stein: Shaquille O’Neal and LeBron James?

ESPN.com contributor Brian Windhorst of the Cleveland Plain Dealer is reporting that the Cavs have offered Ben Wallace and Sasha Pavlovic to the Phoenix Suns for O’Neal.

And sources close to the process have confirmed to ESPN.com that the teams are indeed in talks involving O’Neal, which would offer the Suns some of the payroll relief they’ve been seeking. Because only $1.5 million of Pavlovic’s contract is guaranteed next season, Phoenix would slice $5.5 million off of its 2009-10 payroll if it agreed to send Shaq to the Cavs.

It’s believed, though, that the Suns are resistant to taking back Wallace and thus trying to convince Cleveland to part with Wally Szczerbiak‘s $13.8 million expiring contract instead, which would turn this into a huge financial windfall for Phoenix.

UPDATE (12:29 p.m. ET): Multiple sources with knowledge of the talks between Cleveland and Phoenix today are saying as of noontime that a deal actually coming together to team Shaquille O’Neal and LeBron James is very unlikely.

No one is denying that the teams have talked, but we’re getting strong hints now that this deal is in no way close.

Keep up with all the trade talk by clicking here!

What do YOU think? If this trade goes through, does it guarantee Cleveland the championship? Speak on it in the comments section!

SOURCE: ESPN

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