Report: 76ers send Noel to Dallas, in exchange for Anderson, Bogut; UPDATE: 76ers preparing a buyout for Bogut

The Vertical's Adrian Wojnarowski reports the Philadelphia 76ers have traded big man Nerlens Noel to the Dallas Mavericks.

Noel, long a target of trade speculation with the Boston Celtics due to his background in the area as much as for his potential fit with the club's style of play and needs, could be something of a gamble for the Mavericks, who desperately need to add youth to their aging roster. Noel is a free agent this summer, which may be part of the reason he's never gotten much traction in trade talks with Boston. Wojnarowski also reports the deal includes a first-round draft pick, small forward Justin Andersen and big man Andrew Bogut, another name often connected to the Celts.

UPDATE: ESPN's Marc Stein reports the 76ers were seeking a third-party trade partner before the 3 p.m. EST deadline. With none coming forward, Stein reports the club is making preparations for a buyout with the deadline nearly here. He also reports the Dallas pick involved in the trade is protected 1-18. ESPN's Zach Lowe has reported the pick will convert to two second-round picks if not conveyed, this and next year's Dallas picks.

Check back often for any major trade deadline news; teams have until 3 p.m. to notify the league of any pending deals.

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