"On Sunday, ESPN.com's Chris Broussard reported that the Cleveland Cavaliers and the Phoenix Suns had seriously discussed a trade that would send Amare Stoudemire to Cleveland for J.J. Hickson (and the expiring contract of Zydrunas Ilgauskas). As Broussard reported, the Cavs had made the offer and the ball was in Phoenix's court.
In the meantime, I've spoken to sources connected to the Cavs, the Suns and other teams around the league, and while they confirm that the Stoudemire trade discussions between Cleveland and Phoenix are at a serious stage, they also describe a fluid situation, with trade discussions taking place on multiple fronts."