Holy shit, it looks like it's really happening. According to sources—including the always reliable Adrian Wojnarowksi at Yahoo Sports—the Blazers rumored trade for Charlotte Bobcats forward Gerald Wallace is now official, just minutes after the trade deadline. We'll have more details as they emerge, or when Twitter stops crashing. The deal is Wallace for Joel Przybilla and two future first round picks. If that's true Rich Cho just stole a former All-Star for an expiring contract and two picks in a really weak draft.
UPDATE: More details are coming in, but it looks like Dante Cunningham is also part of the deal.