Multiple sources are reporting a deal between the Cleveland Cavaliers and Sacramento Kings involving forwards Omri Casspi and J.J. Hickson is imminent.

From Marc Stein,

It’s believed that the teams must complete the deal Thursday before midnight to ensure its completion, with a lockout widely expected at 12:01 a.m. ET Friday, barring unforeseen progress in labor talks between the league and the NBA Players Association.

The deal reportedly also involves the Kings sending the Cavs a first-round pick.  From Mary Schmitt Boyer, Cleveland Plain-Dealer:

In addition, the draft pick from Sacramento could be a late lottery pick if the team doesn’t turn things around. It likely would be top-10 protected, so the Kings wouldn’t send it to the Cavs until they’re drafting 11th or lower in the first round.

UPDATE (10:50 am): SI’s Sam Amick spoke with Casspi over the phone and tweeted his reaction:

“I’m happy. It’s a great opportunity for me to play. They don’t really have a 3-man.”

Casspi also tells Amick he spoke with Geoff Petrie and that the deal will be official “in a couple of hours.”