The Grizzlies will sign free-agent guard Tony Allen to a three-year, $9.7 million deal, according to a league source.
Boston wanted to re-sign Allen, but were unwilling to give him a third guaranteed year.
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12
Jul
10
Tony Allen Signs With Grizzlies
The Suns are close to acquiring Josh Childress by using part of the traded player exception they received in the Amar’e Stoudemire trade.
Childress will sign a five-year, $33 million contract with the Suns.
12
Jul
10
Mavericks In Pursuit Of Haslem
The Mavericks have offered Udonis Haslem a three-year, $20 million contract, sources indicated to Yahoo! Sports. Dallas has offered Haslem their full midlevel exception starting at $5.85 million this season, a league source said.
Miami wants to re-sign Haslem to play with Dwyane Wade, Chris Bosh and LeBron James. Haslem shares the same agent as Wade and Bosh, and has expressed a strong desire to return to the Heat.
Dallas is attempting to present an offer that would make it difficult for Miami to retain Haslem.
12
Jul
10
Jordan Farmar To The Nets
The New Jersey Nets have reached an agreement in principle with free agent guard Jordan Farmar, Nets President Rod Thorn announced tonight. Per team policy, terms of the agreement were not released. The agreement is contingent on the passing of the required physical.
“Jordan will be an excellent complement to Devin in the backcourt,” said Thorn. “He comes to the Nets with championship pedigree, which will prove to be invaluable to his teammates.”
Farmar, 6’2”/180, is a four-year NBA veteran with career averages of 6.9 points and 2.1 assists in 18.1 minutes over 301 career games with the Los Angeles Lakers.
The Suns are closing in on acquiring Hedo Turkoglu in a trade with Toronto. Phoenix would send Leandro Barbosa and Dwayne Jones to the Raptors for Turkoglu.
The Raptors would then move Jones and the traded player exception acquired in the Chris Bosh trade for Boris Diaw.
The Suns must use $6.5 million of the trade exception from the Knicks in the Amar’e Stoudemire trade to acquire Childress from Atlanta.
The Portland Trail Blazers announced today they have signed restricted free-agent guard Wesley Matthews to an offer sheet. Per team policy, financial details were not disclosed.
The Utah Jazz will have seven days to match the offer sheet from the day on which they receive it.
11
Jul
10
Warriors Sign Dorell Wright
Dorell Wright has agreed to a three-year, $11 million contract with the Warriors, according to a source. Wright has spent all six of his NBA seasons with the Heat.
Done deal. LeBron James and Chris Bosh are members of the Miami Heat.
The Heat completed sign-and-trade deals with Cleveland and Toronto on Friday night for their two newest superstars. The Heat sent two future first-round and two second-round picks to the Cavaliers for James, while packaging two first-round picks to the Raptors for Bosh.
James, Bosh and Dwyane Wade all signed six-year contracts Friday night, each leaving millions of dollars on the table in order to provide the Heat flexibility to build a championship roster. They could have made $16.6 million apiece this season, but took less money – none would say how much less – to get the deals done.
As expected, fans in Cleveland didn’t handle news of LeBron James’ departure well on Thursday night.
Fans set LeBron’s No. 23 Cavaliers jersey on fire and threw rocks at a 10-story-tall billboard that features James with his head tossed back, arms pointing skyward.
Across the street from Quicken Loans Arena at a sports bar, grown men hid their tear-streaked faces.
Continue reading ‘Fans In Cleveland Burn LeBron Jerseys, Throw Rocks At Billboard’
The Heat and Timberwolves have agreed on a trade that will send Michael Beasley to Minnesota.
Minnesota will absorb Beasley’s salary using their cap space and will send a second round pick in 2011. Sources say the two teams will also agree to swap a first round pick in the future.
