Rick Bonnell from the Charlotte Observer tweets that the Nets may have offered Kris Humphries either a two-year, $20MM or a three-year, $26MM contract.
As summer league kicks off tonight in Las Vegas, here's some more news from around the league.
The Rockets and Magic are further from completing a deal than has been speculated, reports NBA.com's David Aldridge. It's been rumored that Houston had made the decision to amnesty Luis Scola so that they could take on several of Orlando's terrible contracts, but they're apparently only willing to take back one. Also, they're only willing to give up one of their three first round draft picks.
According to a tweet from New York Daily News reporter Stefan Bondy, Nets General Manager Billy King has announced that Sundiata Gaines will not be returning to the team.
Gaines averaged 5.1 PPG in 12 starts last season for the Nets. He was recently mentioned as one of the pieces in a possible mega deal for Dwight Howard, but that deal has since died.
Gaines is now an unrestricted free agent, free to sign with any team.
5:48pm: The Timberwolves have also traded Brad Miller and two second round picks to the Hornets for a future second round pick, the team announced today.
4:15pm: The Timberwolves have released Martell Webster, according to Adrian Wojnarowski of Yahoo! Sports (via Twitter). Webster's contract for 2012/13 was only partially guaranteed, so most of his $5.7MM salary will come off Minnesota's books. Assuming he clears waivers, Webster will become an unrestricted free agent and can sign with any team.
5:38pm: According to NBA.com's David Aldridge, the Mavericks have not yet decided on whether they'll place an amnesty bid on Luis Scola, and they'll wait to see if other prominent players are amnestied before making a decision. All teams have until 5 PM EST on Sunday to place a claim on Scola.
4:06pm: The Mavericks have submitted the winning bid and claimed Elton Brand off amnesty waivers, according to Adrian Wojnarowski of Yahoo! Sports (via Twitter). Brand and his $18.16MM salary were amnestied on Wednesday by the 76ers, giving under-the-cap two days to bid on him. The Mavs' winning bid was $2.1MM, according to Marc Stein of ESPN.com (Twitter link), which will reduce the amount of money the Sixers owe the veteran big man to somewhere in the $16MM range.
FRIDAY, 5:03pm: The Grizzlies have officially signed Arthur, the team announced in a release.
MONDAY, 8:00am: Ronald Tillery of the Memphis Commercial Appeal identifies the third year of Arthur's deal as a player option, and says the contract will be worth slightly over $9MM.
JULY 13TH, 5:02pm: The Grizzlies have officially re-signed Speights, the team announced today in a press release.
JULY 6TH, 8:43am: Speights' two-year deal is actually worth almost $9MM and has a second-year player option, rather than a team option, according to the Memphis Commercial Appeal. As I noted below, the terms initially reported seemed awfully team-friendly, so this makes more sense.
We heard yesterday that Jerry Sloan withdrew his name from consideration for the Trail Blazers' head coach opening. Today, GM Neil Olshey revealed that Sloan was more seriously considered than we originally thought. Olshey told reporters, including Mike Tokito of the Oregonian, that he offered Sloan the job, but the former Jazz coach declined the offer after sleeping on it (Twitter links). Here are a few more Blazers updates, primarily involving the team's coaching search….
FRIDAY, 4:37pm: The Spurs have officially signed De Colo, the team announced today in a press release.
TUESDAY, 12:03pm: Nando De Colo will leave Spanish team Valencia BC and sign a two-year deal with the Spurs, Valencia announced today (English link via Sportando). The 6'5" guard was drafted by San Antonio with the 53rd overall pick in the 2009 draft, and the Spurs have held his NBA rights since then.
The Bobcats have signed Jeffery Taylor to a contract, tweets Rick Bonnell of the Charlotte Observer. Taylor was the first pick of the second round in June's draft, coming off the board 31st overall.
Terms of Taylor's deal weren't disclosed, but he'll likely earn the rookie minimum. It's not clear yet how many years he signed for or what sort of guarantee he received.