Can someone explain to me why the NBA doesn't change the rules about the free agency and trade moratoriums or at least wait and hold the draft once the moratorium is up and the next year's salary cap is set?  Never did understand that.  And it could lead to more big trades on draft day, making an otherwise somewhat dull affair more exciting.   Anyway, I thought I'd look at a couple trades that I guess are official, if not formally so.  I'm sticking to trades that involved actual proven players, not just draft pick swaps, although a couple of these included draft picks.

Toronto-Indiana
The Raptors sent T.J. Ford, Rasho Nesterovic and the 17th pick of the draft (Roy Hibbert) to Indiana for Jermaine O'Neal.  I guess this trade's official, although the last I heard, it couldn't be formally completed until July 1 because of some contract issue with Ford, and there was the small matter of physicals.  Indiana got rid of one highly paid major injury risk for another less-highly paid major injury risk.  They also receive a BIG center, albeit a slow, lumbering one in Roy Hibbert and another 7-footer in Nesterovic who played all of 15 minutes per game for Toronto in the playoffs.  The Pacers are remaking their roster, looking for better, more consistent guard play and more strength inside.   To me, Ford doesn't exactly scream "consistent" and, for a quick, slashing point guard, he is probably one bad fall away from it being his last.  But at least he's not Jamaal Tinsley.

Toronto gets Jermaine O'Neal, a guy who was the league's most improved player back in 2002 and a three time All-NBA player (twice on the third team and once on the second team).  Since then, he's become first team all injured reserve.  During his years in Indiana, The Pacers lost in the first round in three of their five playoff seasons, the second round once, reaching only one conference finals and O'Neal didn't exactly develop a reputation as a prime time player in big games.  Still, if he's healthy and motivated (both enormous if's) he could form a frightening combo with Chris Bosh.

Basically, it's a risk-reward move for Toronto.  If it pays off, they've made a big step up in a weak conference.  If it doesn't, all they gave up was an unwanted draft pick, a backup center and a point guard they pretty clearly no longer wanted or needed.  Indiana really should have traded O'Neal two or three years ago when they might have gotten something a little more useful in return.  Toronto wins this one, whatever happens.

Indiana-Portland
In this one, Portland sent the 13th pick in the draft Brandon Rush and Jarrett Jack to Indiana for Ike Diogu and the 11th pick in the draft Jerryd Bayless.

Indiana did a little better this time, but now they've got two point guards.  I'd bet they'll play much like Toronto did with Ford and Calderon, rotating quarters.  Brandon Rush has a shot to be pretty good though. 

Portland gets a little help inside with Diogu, if he gets off the bench, something that didn't happen very often in Indiana and something that's not guaranteed with Portland's depth of talent, and the guy they wanted in Bayless.  Not really sold on Bayless as point guard, but with Brandon Roy, he won't need to be and he can score.

A trade of middling reserves and draft picks with potential who may or may not pan out.  I'll call it even until I see what kind of players Rush and Bayless turn out to be.  Both guys could be hit or miss in my mind.

Milwaukee-New Jersey
Milwaukee sent Yi Jianlian and Bobby Simmons to New Jersey for Richard Jefferson.  Wow, a trade with no draft picks.   Straight up NBA players for NBA players.

New Jersey continued dumping salary in an effort to be in position to nab LeBron in a couple years.  It seems like a foregone conclusion that LeBron is out of Cleveland, and most of the speculation about his NBA future is the Knicks and Nets, with both clubs taking steps to make that a reality.  To me, it's a pretty dangerous move.  I seem to recall the Chicago Bulls and some other teams a few years ago doing the same sort of preparation to sign a big-time upcoming free agent playing for a small market club who was thought to  be available, Tim Duncan.  Needless to say, it didn't happen.  Duncan re-upped and those clubs counting on him were left out in the cold.  In this day and age, NBA superstars never leave their teams as free agents.  Trades maybe on occasion, but never as free agents.  Don't count on this happening, either.  But that doesn't mean that Vince Carter shouldn't be packing his bags, as well.

Yi has potential and wasn't really happy in Milwaukee anyway.  A move to the Nets (soon to be Brooklyn) gives him the bright lights he wanted.  Can he perform?  Bobby Simmons was the most improved player a few years back with the Clippers before signing a big free agent deal that has never panned out.

As for the Bucks, with Jefferson, they've got some talent on their roster.  Barring further moves (like a trade of Michael Redd) I wouldn't be surprised to see them in then playoffs in the east next season.  Not really a contender, though.

Unless Yi lives up to the initial hype, or they actually do land LeBron later on, the Bucks win this one.

I was going to say something poignant about the trade between Minnesota and Memphis that sent Mike Miller to the Timberwolves with draftee Kevin Love and salary throw ins for draftee O.J. Mayo and salary throw ins.  All I can say is Memphis had better hope Mayo is a superstar in the making because they gave up a solid NBA player in Miller and top 5 draft pick for him.  Of course, there may be a reason why the Grizzlies have never won a playoff game, let alone a series.  I'm sure Pau Gasol would agree.  But hey, Marc Gasol's coming next year and he's gonna make that Laker trade look like it wasn't just flat-out theft.  Right?