The Brooklyn Nets are interested in acquiring Cavaliers point guard Jarrett Jack and have had discussions about a potential trade with Cleveland involving Jason Terry, according to sources briefed on the talks.

The Nets (24-27) emerged from the All-Star break sitting 3½ games behind the Atlantic Division-leading Toronto Raptors and want to upgrade their bench and backcourt.

Jack, 30, is averaging just 8.5 points on 39.7 percent shooting in 25 minutes a game in his first season with the Cavs after a strong 2012-13 season with Golden State.

Sources told ESPN.com that the Nets, eager to add a proven ballhandler and backcourt scorer to their bench rotation, are willing to take on the two remaining guaranteed seasons worth in excess of $12 million left on Jack's contract despite the luxury-tax implications.

But it's believed that the Cavs, if they decided to go ahead with such a move, would try to find a third team to absorb Terry's contract. Terry, 36, has one season left on his deal after this one at $5.85 million and is averaging just 4.5 points on 36.2 percent shooting in 16 minutes per game.

Terry was acquired by Brooklyn last summer as part of the blockbuster deal that sent Paul Pierce and Kevin Garnett from the Boston Celtics to the Nets.

Sources also confirm that Brooklyn and the Los Angeles Lakers have had trade discussions about Lakers forward Jordan Hill. The Nets have a $5.25 million Disabled Player Exception through March 10 that they were granted for losing Brook Lopez for rest of the season in December, but the Nets -- already possessing a payroll that will cost roughly $190 this season -- would take an additional luxury tax hit of more than $15 million if they used it to absorb Hill's salary. The Hill discussions were first reported by Yahoo Sports.