The New Jersey Nets are in serious talks with the Magic about a deal that will send Vince Carter to Orlando for Rafer Alston, Tony Battie and Courtney Lee, two league sources told ESPN.com.

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The talks have reached a point that a deal could be done by the end of the day Thursday, according to sources.

The trade would give the Magic even more star power on their quest to win an NBA championship. The addition of Carter to a lineup that already consists of All-Star players Dwight Howard, Rashard Lewis and Jameer Nelson would make them the favorites to win the Eastern Conference title next year.

As for the Nets, the move is a cost-cutting measure. Both Alston and Battie are in the last year of their contracts, and trading for them would shave $16.5 million off New Jersey’s roster in the summer of 2010 and put the Nets well below the salary cap.

The deal, if completed, would also give the Nets a young, promising shooting guard in Lee.

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