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Buyout market update: Terrence Ross to sign with Suns, Reggie Jackson with Nuggets

Orlando Magic v Utah Jazz

SALT LAKE CITY, UTAH - JANUARY 13: Terrence Ross #31 of the Orlando Magic in action during the second half of a game against the Utah Jazz at Vivint Arena on January 13, 2023 in Salt Lake City, Utah. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Alex Goodlett/Getty Images)

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Two of the top contenders in the West are getting a little deeper via the buyout market.

The Phoenix Suns need to replenish their depth after sending a lot of good players to Brooklyn to land Kevin Durant (a trade they would make 100 times out of 100). Terrence Ross will help with that. The veteran wing is in buyout talks with the Magic and then will head to join Durant in Phoenix, reports Adrian Wojnarowski of ESPN.

Dallas had been considered a frontrunner, but the Suns can offer the compelling combination of minutes and the chance to play with Durant. Ross is a veteran wing with a good catch-and-shoot game, is hitting 38.1% from 3 this season, and can do some secondary playmaking as needed.

The Denver Nuggets traded away reserve point guard Bones Hyland at the deadline, now they are going to fill that roster spot with Reggie Jackson, reports Shams Charania of The Athletic.

Jackson started 38 games for the Clippers this season and averaged 10.9 points a game while shooting 35% from 3, but the Clippers wanted to remake their guard spot to play better with Kawhi Leonard and Paul George, so Jackson was traded for backup big man Mason Plumlee. In Denver, he will come off the bench behind Jamal Murray but should be an upgrade over Ish Smith in those minutes.

This is just the start of what likely will be a busy buyout market this year.