The Steve Nash chase is over. Marc Stein of ESPN reported, via KTAR-AM in Phoenix, on Wednesday evening that the Phoenix Suns have agreed to a sign-and-trade deal with the Los Angeles Lakers for Nash. Phoenix will receive a handful of future draft picks for the trade.

Just going up online & via SportsCenter: Sources say Suns have consented to sign-and-trade Steve Nash to Lakers for package of future picks

— Marc Stein (@ESPNSteinLine) July 5, 2012

That means the New York Knicks and the Toronto Raptors are out of the mix for Nash. Reports surfaced Wednesday afternoon that the Knicks were in the "critical stages" of trade talks for Nash. Those same reports pegged Nash's contract in the neighborhood of $27-30 million.

For more on rumors and news about the Knicks and Steve Nash, check back to this SB Nation New York StoryStream. Meanwhile, SB Nation's blog Posting And Toasting is all about the Knicks.