Updates:

Nothing to see here. Now the deal is supposedly done.

Having said that, just got word from source: Players been told #Rockets-#Celtics deal is OKd. Took some wrangling, but Lee will go to BOS.

— Sean Deveney (@SeanDeveney) July 20, 2012

David West, Part Two? Let's hope not.

So latest on #Celtics-#Rockets Courtney Lee trade is, still not done. In limbo. Might get worked out tomorrow, but put it at even odds.

— Sean Deveney (@SeanDeveney) July 20, 2012

There's still a chance that the deal could fall through and there's back and forth reports on twitter about it, but here are some details:

Celtics will send E'Twaun Moore, JaJuan Johnson,Sean Williams and 2nd rd pick in Courtney Lee trade. Those 3 won't play today.

— Steve Bulpett (@SteveBHoop) July 19, 2012

Assuming Lee trade goes down, it will involve at least three teams. Also, Rockets would waive Moore tomorrow.

— Steve Bulpett (@SteveBHoop) July 19, 2012

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Marc Spears has the good news:

Celtics to acquire G Courtney Lee from Rockets in a sign and trade sending back F JaJuan Johnson, sources tell Y! Details being finalized.

— Marc J. Spears (@SpearsNBAYahoo) July 19, 2012

There will likely be other players included besides Johnson to make the money work; most likely candidates are Sean Williams, and possibly E'Twaun Moore, both of whom have non-guaranteed deals. Also, we have no clue yet on the financial details, but for it to be a sign-and-trade, it has to be at least a three year deal (although the second and/or third seasons can be non-guaranteed,.)

Any way you slice it, this is pretty good news. Lee is the type of guy who you can plug into a lineup without any worries about "fit"; he's a very good shooter and a good defender, and he's still only 26 years old. It stinks that Ray signed in Miami, but this is a very nice consolation prize.