Five Key Stories: 7/28/18 – 8/4/18

If you missed any of this week’s biggest stories, don’t worry because we’ve got it covered with our Week in Review. Listed below are some the more noteworthy news items from the last seven days.

Contract talks between the Cavaliers and restricted free agent Rodney Hood have stalled for the time being, with Hood reportedly seeking a short-term deal. The Cavs were rumored to be interested in signing Hood to a three-year deal, so it appears that Hood wishes to be able to return to free agency before the summer of 2021. However, Hood’s leverage is limited due to the lack of viable suitors left for him around the NBA. Only the Kings have any significant cap room left and the Cavs and the Jazz – the team that traded Hood – are the only teams that still possess their full mid-level exception.

The Cavaliers have agreed to sign free agent swingman David Nwaba to a new contract, with the details of the deal still being finalized. A former undrafted free agent, Nwaba averaged 7.9 PPG and 4.7 RPG for the Bulls last season. However, he became a casualty of Chicago’s need to open up cap space to sign Jabari Parker. The Cavs are over the cap, but as mentioned above, have their full mid-level as well as their bi-annual exception still available.

The Pacers and head coach Nate McMillan agreed to a contract extension that will extend McMillan’s deal through the 2020/21 season. McMillan signed a three-year contract when he was hired in the summer of 2016, so he would have been entering the final year of his deal this fall if he hadn’t worked out a new agreement with the team. Indiana was one of the NBA’s surprise teams of 2017/18, racking up 48 wins and earning the No. 5 seed in the East before almost toppling the eventual Eastern Conference champion Cavaliers in the first round of the playoffs.

The Rockets traded big man Chinanu Onuaku and cash to the Mavericks in exchange for the draft rights to 2008 second-round draft selection Maarty LeunenThe Mavs will also earn the right to swap the Warriors’ 2020 second-round pick for the Rockets’ pick. Houston lowers its tax liability and creates a trade exception in the deal while Dallas gains a pick swap and cash for helping out the Rockets.

The Bucks waived reserve point guard Brandon Jennings in order to avoid his $2.22MM salary becoming guaranteed for the 2018/19 season. Jennings signed a two-year contract with the Bucks back in April, meaning his cap hit for this upcoming season was equal to his salary figure, about $710K higher than a one-year, veteran’s minimum salary will cost the Bucks.

Here are 10 more notable NBA headlines from the last week:

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