According to Hoopsworld, the J.O. to Toronto deal is indeed going to get done. I expect O'Neal to have a return to form next season, there is a lot to knock him for, but guy is going to love playing with Calderon and Bosh. Jump shots from the elbow galore!
"The big trade that's expected to go down tomorrow is, of course, the Jermaine O'Neal/TJ Ford deal. The Raptors are taking one more look at O'Neal, wanting to be sure he's healthy and ready to play big minutes alongside Chris Bosh, but the word is that this deal will, indeed, get done.
The expectation is that the Raptors will send Ford, Rasho Nesterovic and their #17 pick to the Pacers, who loved what they saw from Danny Granger and Mike Dunleavy, Jr. during O'Neal's prolonged absence this season. The feeling is that they can build around their other two front court players if they have a good veteran point guard running the show, and when TJ is healthy he's as good as they come. He's also a tremendous presence in the locker room and a strong role model off the court.
Expect the Pacers to use the #17 pick on the best big man available and be happy with the upgrades they were able to make on draft day."
EDIT - Oops, I got scooped. Sorry. & TP to gc1530.
Jermaine O'Neal to Raptors has been agreed upon in principle reported by Yahoo Sports. T.J. Ford, Rasho Nesterovic and the 17th pick going back in return.
http://sports.yahoo.com/nba/news;_ylt=AiSbbzpirv42eobV3ZtZf0c5nYcB?slug=aw-jermaineonealtraded062508&prov=yhoo&type=lgns