Week in Review

Mikhail Prokhorov is reportedly working toward a deal that would give him 100% ownership of both the Nets and the Barclays Center. The would-be arrangement would entail Prokhorov’s company, which already owns 80% of the Nets and 45% of the arena, forgiving the approximately $31MM debt that former majority owner Bruce Ratner’s Forest City Enterprises owes them. Prokhorov and the Guggenheim Partners apparently had talks a year ago about a merging of ownership, months after a report indicated that Prokhorov was listening to offers for the Nets. Those Guggenheim talks were said to have hit a snag, though rumors that Prokhorov had interest in selling the Nets have persisted. Prokhorov has repeatedly downplayed such talk.

Here’s a look back at more news from the week that was…

Free Agent Signings

• The Heat signed undrafted small forward Greg Whittington to a training camp deal.
• The Clippers signed Chuck Hayes.
• The Lakers signed Brazilian point guard Marcelo Huertas.
• The Bucks reached a contract agreement with Charlie Westbrook.
• The Kings and Eric Moreland reached an agreement on a one-year deal.
• The Rockets agreed to training camp deals with Denzel Livingston, Will Cummings, Remi Yusuf and Chris Walker.
• The Heat agreed to sign undrafted free agent Briante Weber.
• The Pistons agreed to a deal with unrestricted free agent small forward Eric Griffin.
• The Sixers agreed to a deal with Kendall Marshall.
• The Bucks agreed to a non-guaranteed contract with Josh Powell.

You can stay up to date on all of the signings with Hoops Rumors’ free agent tracker.

Miscellaneous News

• Unrestricted free agent Will Cherry officially signed with the German club Alba Berlin.
• The Celtics extended their exclusive affiliation with the D-League’s Maine Red Claws through the 2017/18 season.
• Clippers guard Austin Rivers signed with ASM Sports for representation.
• DeAndre Jordan parted ways with Relativity Sports agents Dan Fegan and Jarinn Akana.
• Unrestricted free agent Landry Fields will miss five months after having labrum surgery on his hip.
• Grizzlies 2015 first-rounder Jarell Martin will be out indefinitely after fracturing his left foot.
• Unrestricted free agent power forward Glen Davis underwent surgery to repair torn ligaments, a cyst, and bone spurs in his left ankle, and he is expected to be out of action for two-to-three months.
• Former Blazers small forward Victor Claver officially signed with Lokomotiv Kuban of Russia.
• The Jazz hired Jordan Brady as an assistant coach for their D-League affiliate.
• Unrestricted free agent Jeff Ayres agreed to a deal with an unnamed Chinese team.
• Former No. 4 overall pick Tyrus Thomas signed with Eisbären Bremerhaven of Germany.
• Jazz point guard Dante Exum underwent successful surgery to repair damage to the ACL in his left knee. He will be out of action indefinitely.
• Platinum Equity founder and Pistons owner Tom Gores is buying his firm’s stake in the team, which would give him 100% ownership of the franchise.

The NBA fined the Clippers $250K for violating the league’s rules against circumventing the salary cap in their pitch to DeAndre Jordan last month. The Clippers presented Jordan with a potential third-party endorsement opportunity during their meeting with him on July 2nd. That was before Jordan gave his commitment to the Mavericks, one that came undone when he later expressed second thoughts to the Clippers, who convinced him to re-sign.

The league’s investigation concluded that the violation didn’t influence Jordan’s ultimate decision to return to the team. However, the NBA is imposing the fine anyway, since rules prohibit teams from arranging compensation for players outside of the salary set forth via the contractual terms allowed under the collective bargaining agreement. Here’s the rest of the happenings from the week that was…

Free Agent Signings

Eastern Conference

• The Heat signed unrestricted free agent center Keith Benson to a camp deal.
• The Wizards agreed to a training camp deal with Toure’ Murry.

Western Conference

• The Suns agreed to training camp deals with Henry Sims and Cory Jefferson.
• The Lakers signed guard Michael Frazier.
• The Jazz signed Jeff Withey.
• The Suns signed Deonte Burton to a camp deal.
  
• The Jazz signed unrestricted free agent forward J.J. O’Brien.
• The Thunder agreed to a training camp deal with Talib Zanna.
• The Kings agreed to a deal with shooting guard Marshall Henderson.

You can stay up to date on all of the signings with Hoops Rumors’ free agent tracker.

Contract Extensions

• The Hornets signed forward Michael Kidd-Gilchrist to a four-year, $52MM contract extension.

Miscellaneous News

• Former NBA guard Gal Mekel signed a deal with the Serbian team Crvena Zvezda.
• The Heat and the D-League’s Sioux Falls Skyforce formally extended their one-to-one affiliation deal.
• Point guard Marcelo Huertas, who had planned a jump to the NBA this season and had been expected to draw significant interest, has instead signed with Galatasaray of Turkey.
• The Lakers promoted Ryan West to director of player personnel.
• James Nunnally signed with Sidigas Avellino of the Italian Serie A.
• Jordan Hamilton signed a deal to play overseas for the Russian club Krasny Oktyabr.
• Pacers draft-and-stash prospect Stanko Barac signed with Olimpia Milano of Italy.
• Carlos Boozer is reportedly likely to remain unsigned for the rest of the offseason and instead seek a deal with a playoff contender after the season starts.
• The Suns officially named Chris Jent the head coach of their one-to-one D-League affiliate.
• Luka Mitrovic, the 60th pick in this year’s draft, agreed to an extension with Crvena Zvezda of Serbia that runs through the 2016/17 season.

J.R. Smith, who was the most prominent unsigned free agent remaining, finally agreed to re-sign with the Cavaliers this week. The two sides reached a deal on a two-year pact that includes a player option for the 2016/17 season, which will allow the guard to once again test the free agent market next offseason if he wishes.

Smith took to his personal Instagram account to relay the news, writing, “Happy to say that I am returning to the Cavs! It’s been a long ride this summer but I can say for sure, well worth the wait. When I opted out of my contract, I wanted to understand the landscape of the NBA and where I fit best. The Cavaliers had things they needed to do in order to piece together a championship caliber roster. I ended up deciding that instead of potentially securing a larger deal elsewhere, I wanted to rejoin an incredible organization in pursuit of the ultimate goal, an NBA championship. Thank you to the Cavaliers for making this happen. Can’t wait to get started!”

The 29-year-old’s decision to decline his one-year, $6.4MM player option for certainly didn’t pay off, as he will now earn $5MM this coming season under the terms of his new pact. But a chance to once again contend for an NBA title should help alleviate some of his angst regarding his lower income level for the upcoming campaign. Here’s more from the week that was…

Free Agent Signings

Eastern Conference

• The Bucks signed former University of Wisconsin power forward Marcus Landry.
• The Cavaliers reached a deal with free agent Jared Cunningham.
• The Hornets agreed to a deal with undrafted free agent forward Sam Thompson.
• The Hawks signed a deal with unrestricted free agent Jason Richardson.
• The Wizards agreed to sign undrafted center Jaleel Roberts.
• The Hornets agreed to a deal with unrestricted free agent center Jason Washburn.
• The Heat signed undrafted shooting guard Corey Hawkins.

Western Conference

• The Jazz signed undrafted guard Treveon Graham.
• The Lakers reached a contract agreement with Michael Frazier.
• The Grizzlies signed center Michael Holyfield.
• The Suns and shooting guard Terrico White agreed to a deal.
• The Warriors and Jarell Eddie reached an agreement on a training camp deal.
• The Suns agreed to a camp deal with former Harvard combo forward Kyle Casey.

You can stay up to date on all of the signings with Hoops Rumors’ free agent tracker.

Waivers

•  The Nuggets waived Joey Dorsey as part of a buyout arrangement. Dorsey agreed to a deal with Galatasaray of Turkey.

Miscellaneous News

• The Raptors and Jonas Valanciunas signed an extension worth $64MM over four years.
• Dorell Wright signed a deal with China’s Chongqing Dragons.
• The Kings hired longtime NBA sabermetrician Roland Beech to head up their analytics department.
• Colton Iverson officially signed with the Turkish team Pinar Karsiyaka.
• Joel Embiid underwent a second surgery on his right foot and he is expected to miss the entire 2015/16 season.
• The NBA officially announced that Kiki Vandeweghe has been promoted to Executive Vice President, Basketball Operations for the league.
• The Rockets hired Matt Brase as the coach of Rio Grande Valley Vipers, their D-League affiliate.
• The Bulls hired Toni Kukoc as a special adviser to president and COO Michael Reinsdorf.
• Will Bynum agreed to re-sign with the Guangdong Tigers of the Chinese Basketball Association.
• Warriors 2015 first-rounder Kevon Looney underwent surgery on his right hip and is expected to miss a minimum of four to six months.

Suns forward Markieff Morris said that he feels disrespected by the way the team handled the July 9th trade of his twin brother and former teammate, Marcus Morris, to the Pistons, and made it clear that he wants out of Phoenix prior to the 2015/16 season commencing. “One thing for sure, I am not going to be there,” Morris said. “If you want to put that out there, you can put that out,” he added. “. . . I am not to going to be there at all.” The forward’s comments essentially confirm last week’s report from John Gambadoro of Arizona Sports 98.7 radio that Markieff wanted off the Suns, and out of Phoenix. Morris is slated to make $8MM this coming season in the first year of his four-year, $32MM extension.

Here’s more from the week that was…

Free Agent Signings

Eastern Conference

• The Celtics and forward Malcolm Miller inked a training camp deal.
• The Nets signed point guard Donald Sloan.
• The Pacers signed unrestricted free agent Toney Douglas to a camp deal.
• Unrestricted free agent center Keith Benson agreed to a deal with the Heat.

Western Conference

• The Lakers signed undrafted Texas forward Jonathan Holmes.
  
• The Timberwolves agreed to a deal with Tayshaun Prince.
• The Mavericks signed JaVale McGee.
• The Kings reached a contract agreement with undrafted forward Vince Hunter.
• The Thunder agreed to a contract with undrafted free agent Dez Wells.
• The Pelicans agreed to a deal with undrafted shooting guard Bryce Dejean-Jones.

You can stay up to date on all of the signings with Hoops Rumors’ free agent tracker.

Waivers

• The Celtics waived Zoran Dragic.
• The Nets waived forward Earl Clark.

Miscellaneous News

• Olivier Hanlan, the No. 42 overall pick in this year’s NBA Draft by the Jazz, signed a deal with the Lithuanian club Zalgiris Kaunas.
• Former Cavaliers big man Alex Kirk signed with Italy’s Giorgio Tesi Pistoia.
• Jason Maxiell signed with the Tianjin Steel of the Chinese Basketball Association.
• Former 2007 No. 1 overall pick Greg Oden signed with the Jiangsu Dragons of the Chinese Basketball Association.
• Drew Gordon, who played mostly in the D-League and appeared in nine games with the Sixers last season, inked a deal with France’s Chalons-Reims.
• Former Celtics 10-day signee Andre Dawkins inked a deal with Italy’s Auxilium CUS Torino.
• D.J. Kennedy signed with Enisey Krasnoyarsk of Russia.
• Nets 2015 second-rounder Juan Pablo Vaulet will be out of action for four months following surgery to repair a stress fracture in his right ankle.
• Brandon Davies, who played for the Nets and Sixers during the 2014/15 campaign, officially signed with Pallacanestro Varese of Italy.
• The league released the full team schedules for the 2015/16 season.
• Zoran Dragic signed a two-year deal with Khimki of Russia.
• The Hawks hired former NBA player Malik Rose as their manager of basketball operations.

The Jazz announced this week that Dante Exum has a torn ACL in his left knee, confirming initial fears in the wake of the injury he suffered Tuesday while playing for the Australian national team. He’ll inevitably require surgery, and while Utah didn’t specify a timetable for recovery, it seems likely that the point guard will miss all of the 2015/16 season. Here’s the rest of the happenings from the week that was…

Free Agent Signings

Eastern Conference

• The Knicks signed center Kevin Seraphin.
• The Magic inked Melvin Ejim to a training camp deal.
• The Cavaliers signed Richard Jefferson.
• The Pacers intend to sign unrestricted free agent Toney Douglas.
• The Raptors and undrafted Ohio State point guard Shannon Scott agreed to a training camp deal.
• The Celtics and Malcolm Miller agreed to a training camp deal.
  
• The Knicks signed Thanasis Antetokounmpo.
• The Celtics agreed to a deal with Coty Clarke.

Western Conference

• The Clippers signed point guard Pablo Prigioni.
• The Mavs re-signed Charlie Villanueva.
• The Mavericks signed center Samuel Dalembert.
• The Spurs agreed to a deal with undrafted guard Keifer Sykes.
• The Nuggets re-signed Darrell Arthur.

You can stay up to date on all of the signings with Hoops Rumors’ free agent tracker.

2015 NBA Draft Pick Signings

• The Mavericks signed first-round pick Justin Anderson to a rookie scale deal.

You can stay up to date on all of the 2015 NBA Draft signings here.

Waivers

• The Clippers waived Jordan Hamilton.

Miscellaneous News

• The Pacers are expected to purchase the D-League’s Fort Wayne Mad Ants.
• The Hawks hired Michael Blackstone as an assistant GM, John Treloar as director of player personnel, and promoted Jeff Peterson to director of scouting.
• The Nuggets and Danilo Gallinari signed a renegotiation and extension.
• Semaj Christon, the 55th pick in the 2014 draft, signed with Italy’s Vuelle Pesaro.
• The Raptors promoted Teresa Resch to Vice President, Basketball Operations and Player Development and Dan Tolzman to Director, Player Personnel.
• Former lottery pick Joe Alexander turned down a Summer contract offer from the Celtics and instead signed a deal with Banco di Sardegna Sassari of Sardinia.
• Aaron Craft, who made 50 appearances for the Warriors’ D-League affiliate last season, signed a deal with the Hungarian team Szolnoki Olaj.
• The full roster for the upcoming Team USA minicamp was announced.

The public funding plan for a new Bucks arena in Milwaukee received approval from the Wisconsin State Assembly by a 52-34 vote this past Tuesday. The measure passed the state senate two weeks ago and now heads to Governor Scott Walker for his signature. Walker has consistently supported the idea of a new building that would keep the team from leaving town. State, county and city leaders have been under pressure from the league to make sure an arena is ready by the start of the 2017/18 season, with the NBA having threatened to take the team away from owners Marc Lasry, Wesley Edens and Jamie Dinan and sell it to others who would move the team. The public is on the hook for half of the arena’s expected $500MM cost. Here’s more from the week that was…

Trades

• The Cavs dealt Brendan Haywood and Mike Miller to the Blazers and Cleveland created two trade exceptions as a result of the transaction — one for $10.5MM and another for $2.85MM — and also received cash from Portland.
• The Magic acquired Shabazz Napier from the Heat in exchange for a protected 2016 second-round pick.
• The Celtics acquired Zoran Dragic from the Heat in return for a protected 2019 second-round selection.
• The Warriors acquired Jason Thompson from the Sixers in exchange for Gerald Wallace. Philly also obtains the right to swap the lesser of the 2016 first-round picks coming their way from the Heat and the Thunder for Golden State’s 2016 first-round pick.

You can keep up with all of the offseason trades here.

Free Agent Signings

Eastern Conference

• The Pacers re-signed Lavoy Allen.
• Jae Crowder re-signed with the Celtics.
• The Pacers re-signed forward Shayne Whittington.
• Glenn Robinson III inked a deal with the Pacers.
• The Cavaliers re-signed point guard Matthew Dellavedova.
• Corey Walden inked a training camp deal with the Celtics.
• The Knicks signed Wesley Saunders.
• The Hornets signed a training camp deal with Elliot Williams.
• The Knicks re-signed Louis Amundson.
• The Bucks inked Chris Copeland.
• The Knicks and Sasha Vujacic agreed to a one-year deal.

Western Conference

• The Mavericks signed undrafted Arizona power forward Brandon Ashley.
• Jamil Wilson signed with the Mavericks.
• The Warriors agreed to sign shooting guard Ian Clark.
• The Clippers and undrafted center Yanick Moreira have a training camp deal.
  
• Will Barton re-signed with the Nuggets.
• The Spurs agreed to sign Youssou Ndoye to a training camp pact.
• Marcus Thornton signed a deal with the Rockets.
• The Mavericks inked veteran center Samuel Dalembert.
• The Thunder signed Josh Huestis.
• The Mavericks signed center Salah Mejri.
• The Rockets agreed to a deal with center Chuck Hayes.
• The Wolves struck a deal with guard Andre Miller.
• The Mavs signed Jeremy Evans.

You can stay up to date on all of the signings with Hoops Rumors’ free agent tracker.

2015 NBA Draft Pick Signings

• The Celtics signed No. 16 overall pick Terry Rozier and No. 28 overall pick R.J. Hunter to rookie scale contracts.
• The Pacers signed No. 36 overall pick Rakeem Christmas.
• The Nuggets signed No. 7 overall pick Emmanuel Mudiay to a rookie scale deal.
• The Heat signed No. 40 overall pick Josh Richardson.
• The Sixers signed the 37th overall pick Richaun Holmes.
• The Knicks signed first-round picks Kristaps Porzingis and Jerian Grant to rookie scale deals.
  

You can stay up to date on all of the 2015 NBA Draft signings here.

Waivers

• The Heat waived Henry Walker.
• The Trail Blazers waived Brendan Haywood.
• The Knicks waived Ricky Ledo.
• The Kings waived Eric Moreland.
• The Pelicans waived Toney Douglas.

International Signings

• Former No. 6 overall pick Ekpe Udoh signed with Fenerbahce Ulker in Turkey.
• Former Warriors center Ognjen Kuzmic signed with Panathinaikos of Greece.
• Nikola Milutinov, whom the Spurs drafted with the No. 26 overall pick, signed a three-year deal with Olympiacos of Greece.
• Two-year NBA veteran center Justin Hamilton signed with Valencia Basket of Spain.
• Larry Drew II signed a deal with AS Monaco Basket in France.
• Olimpia Milano signed small forward Robbie Hummel.
• Shavlik Randolph signed with the Liaoning Flying Leopards of the Chinese Basketball Association.
• Germany’s Ratiopharm Ulm signed guard DeAndre Kane.
• Former Mavericks center Bernard James signed a deal with the Shanghai Sharks of China.
• Jerel McNeal signed to play for Aris Thessaloniki following his release from the Suns earlier this month.

Coaching News

• The Kings hired Nancy Lieberman to head coach George Karl‘s staff.
• Golden State promoted Luke Walton to lead assistant to replace Alvin Gentry.
• The Suns officially added Earl Watson, Nate Bjorkgren and Jason Fraser to their coaching staff.
• The Raptors hired Jerry Stackhouse, Rex Kalamian, and Andy Greer as assistant coaches.

One of the last major offseason storylines involves the Cavaliers’ Brendan Haywood and his sizable non-guaranteed contract. Cleveland has been unsuccessful thus far in its attempts to find a trade partner willing to ship useful assets to the Cavs in return for the big man’s pact. The team has reportedly shifted gears and now is focused on flipping Haywood in a deal that creates a traded player exception prior to August 1st, when his contract becomes fully guaranteed, as is shown by our schedule of guarantee dates. The only teams currently possessing enough cap space to absorb Haywood and create a trade exception for Cleveland are the Trail Blazers and the Sixers, with the Jazz also a possibility, provided they trade or cut several players with non-guaranteed contracts prior to landing Haywood. While we await GM David Griffin‘s next move, here’s more from the week that was…

Trades

• The Rockets acquired Ty Lawson and a 2017 second-round pick from the Nuggets in exchange for Kostas Papanikolaou, Pablo Prigioni, Joey Dorsey, Nick Johnson and a protected 2016 first-round pick. Lawson agreed to make the final season of his contract non-guaranteed as a part of the swap.
• The Pacers acquired the rights to rookie forward Rakeem Christmas from the Cavaliers in exchange for a 2019 second-round pick.

You can keep up with all of the offseason trades here.

Free Agent Signings

Eastern Conference

• Reggie Jackson re-signed with the Pistons.
• The Raptors agreed to a training camp deal with undrafted power forward Michale Kyser.
• Ronald Roberts signed with the Raptors.
• The Magic and Keith Appling agreed to a partially guaranteed two-year deal.
• Joel Anthony re-signed with the Pistons.
• The Pacers re-signed Rodney Stuckey.
• The Cavaliers agreed to a deal with Richard Jefferson.
• The Hornets signed Tyler Hansbrough.
• The Raptors signed a training camp pact with Michale Kyser.
• The Pistons inked Adonis Thomas to a training camp deal.
• The Bucks and Chris Copeland agreed to a one-year deal.
• The Celtics agreed to a training camp deal with Levi Randolph.
• The Hawks signed training camp deals with Lamar Patterson and Terran Petteway.
• The Raptors signed swingman Axel Toupane.
• The Knicks intend to sign undrafted forward Darion Atkins.
• The Knicks agreed to a deal with undrafted guard Wesley Saunders.

Western Conference

• The Pelicans re-signed unrestricted free agent Luke Babbitt.
• Manu Ginobili re-signed with the Spurs.
• The Kings signed a deal with undrafted Wisconsin forward Duje Dukan.
• The Mavs reached an agreement with John Jenkins.
• The Mavericks and center Jarrid Famous agreed to a one-year deal.
• Quincy Acy inked a deal with the Kings.
• The Rockets re-signed K.J. McDaniels.
• Jonathon Simmons inked a deal with the Spurs.
• The Pelicans agreed to a deal with unrestricted free agent Kendrick Perkins.
• Seth Curry signed a deal with the Kings.
• The Clippers agreed to sign Pablo Prigioni.
• The Spurs signed Jimmer Fredette to a training camp deal.
• The Kings signed Caron Butler.
• John Jenkins signed a deal with the Mavericks.
• The Mavericks signed undrafted forward Maurice Ndour.
  
• The Trail Blazers signed undrafted free agent Cliff Alexander.
• Phil Pressey inked a deal with the Blazers.
• The Mavericks signed center Jarrid Famous.

You can stay up to date on all of the signings with Hoops Rumors’ free agent tracker.

2015 NBA Draft Pick Signings

• The Pistons and No. 38 pick Darrun Hilliard signed a three-year deal.
• The Pistons signed No. 8 overall pick Stanley Johnson to a rookie scale deal.
• The Pacers inked Rakeem Christmas to a four-year pact.
• The Rockets signed Sam Dekker to a rookie scale deal.

You can stay up to date on all of the 2015 NBA Draft signings here.

Waivers

• The Suns waived Jerel McNeal.
• The Nuggets waived newly acquired point guard Pablo Prigioni.

Miscellaneous News

• Guillermo Hernangomez, the 35th overall pick last month, will return to Real Madrid this coming season.
• The Nets promoted Steve Jones, the team’s manager of video operations, to assistant coach for player development.
• Aaron White, whom the Wizards drafted 49th overall last month, agreed to a deal with Telekom Baskets Bonn of Germany.
• Jared Dudley will miss approximately three or four months after undergoing surgery Tuesday to fix a herniated disk in his lower back.
• Celtics draftee Marcus Thornton signed a one-year pact with the Sydney Kings of Australia’s National Basketball League.
• The Warriors withdrew their $1,147,276 qualifying offer to Ognjen Kuzmic, making him an unrestricted free agent.
• Free agent Jeff Taylor agreed to a one-year deal with Real Madrid.
• Stephen Jackson retired from pro basketball.
• Two-year NBA veteran Nate Wolters signed with Besiktas of Turkey.

Plans for a new Bucks arena in Milwaukee cleared another major hurdle this week when the Milwaukee State Senate passed the arena funding bill by a vote of 21-10, and now the proposal will go before the State Assembly for ratification. Bucks team president Peter Feigin released this statement on behalf of the franchise: “Today’s vote is a significant step forward in our collective effort to build a new sports and entertainment district in Wisconsin. We appreciate the bipartisan leadership in Madison for bringing this transformative partnership one step closer to reality. We’re optimistic that this financing package will receive support in the Assembly and look forward to working with state, county and city officials.” Besides the positive news for the Bucks and their fans, here’s the rest of the happenings from the week that was…

Trades

• The Wolves sent Chase Budinger to the Pacers in exchange for forward Damjan Rudez.
• The Pistons acquired Steve Blake from the Nets in exchange for forward Quincy Miller.
• The Thunder traded Perry Jones III to the Celtics, along with a second-round pick and cash in exchange for a protected 2018 second-rounder.
• The Magic dealt Maurice Harkless to the Blazers in exchange for a future second-round pick.

You can keep up with all of the offseason trades here.

Free Agent Signings

Eastern Conference

• The Wizards signed Alan Anderson to a one-year deal.
• The Nets signed Andrea Bargnani to a two-year contract.
• The Knicks re-signed Louis Amundson.
• Aron Baynes inked a three-year pact with the Pistons.
• The Bulls signed Brazillian big man Cristiano Felicio.
• Ronald Roberts signed with the Raptors.
• The Pacers re-signed Shayne Whittington.
• The Wizards re-signed Drew Gooden.
• The Magic signed Jason Smith.
• The Hornets signed undrafted Kentucky guard Aaron Harrison.
• The Sixers inked Pierre Jackson.
• The Pistons signed Adonis Thomas to a training camp deal.

Western Conference

• The Grizzlies re-signed Marc Gasol to a five-year deal worth more than $100MM.
• Rajon Rondo signed a one-year deal with the Kings.
• The Mavericks signed Deron Williams after he cleared waivers.
• The Thunder matched Portland’s four-year, $70MM offer sheet for restricted free agent Enes Kanter.
• Luis Montero, a 6’7″ swingman out of the Dominican Republic, signed with the Trail Blazers.
• The Nuggets re-signed Will Barton.
• Cole Aldrich inked a two-year pact with the Clippers.
• The Rockets signed Marcus Thornton to a one-year agreement.
• Austin Rivers re-signed with the Clippers.
• The Kings signed Kosta Koufos to a four-year deal.
• Leandro Barbosa re-signed with the Warriors.
• The Kings signed Marco Belinelli.
• The Spurs signed All-Euroleague First Team center Boban Marjanovic.
• Tibor Pleiss inked a deal with the Jazz.
• The Nuggets signed 2014 draftee Nikola Jokic.
• Jameer Nelson re-signed with the Nuggets.
• The Kings signed Luc Mbah a Moute. The deal was later voided after Mbah a Moute failed his physical.
• The Spurs re-signed veteran forward Matt Bonner.
• The Clippers inked Josh Smith to a one-year pact.

You can stay up to date on all of the signings with Hoops Rumors’ free agent tracker.

2015 NBA Draft Pick Signings

• The Suns signed Devin Booker to a rookie scale deal.
• The Kings signed Willie Cauley-Stein to a rookie scale deal.
• The Pacers signed Myles Turner to a rookie scale deal.
• The Pacers signed Joseph Young to a four-year deal.
• The Raptors signed second round pick Norman Powell.
• The Clippers signed second-rounder Branden Dawson.
• The Pistons agreed to sign second round pick Darrun Hilliard.
• The Bucks signed Rashad Vaughn to a rookie scale contract.

You can stay up to date on all of the 2015 NBA Draft signings here.

Contract Extensions

• The Nuggets finalized a four-year, $46MM renegotiation and extension with Wilson Chandler.

Waivers

•  The Nets reached a buyout arrangement with Deron Williams.
• The Nuggets waived Jamaal Franklin.
• The Nets waived Cory Jefferson.
• The Celtics waived Phil Pressey.
• The Clippers waived Lester Hudson. Hudson is expected to sign a deal with Liaoning of the Chinese Basketball Association.

Miscellaneous News

• Colton Iverson, whose rights are owned by the Celtics, signed with Pinar Karsiyaka of the Turkish Basketball League.
• Sixers center Joel Embiid will have a second surgery on his right foot and is expected to miss his second consecutive season.
• Anthony Randolph decided to return to Russia and the former NBA forward re-signed with Kuban.
• Gigi Datome is leaving the NBA and has signed a two-year deal with Turkey’s Fenerbahce Ulker.
• Grizzlies restricted free agent Nick Calathes signed with Greece’s Panathinaikos.
• Alexey Shved decided to head back overseas and signed a three-year deal with Khimki Moscow.
• Miroslav Raduljica signed a deal with Panathinaikos of Greece.

The NBA announced that the salary cap for 2015/16 will be $70MM, an 11% increase from this past season, and the luxury tax line will be $84.74MM. The last cap projection from the league had been set at $67.1MM, and the projection for the tax had been $81.6MM. These figures mean the maximum salaries for this coming season are also going to be higher than estimated, so LaMarcus Aldridge, Marc Gasol, Kawhi Leonard and others who’ve agreed to max contracts this month will earn more cash than they thought.

The league also tabulated final payrolls for each team from last season, revealing that players collectively made less than the 50.39% of basketball-related income that the collective bargaining agreement holds that they’re entitled to. Thus, the league will pay out the $57,298,826 shortfall to the union, which will distribute that amongst the players.

Here’s the rest of the happenings from the week that was…

Trades

• The Lakers acquired Roy Hibbert from the Pacers in exchange for a future second-rounder.
• The Knicks acquired Kyle O’Quinn via a sign-and-trade deal with the Magic. Orlando will receive cash considerations as well as the rights to swap a second-round draft pick in 2019 in return.
• The Kings dealt Ray McCallum to San Antonio for a future second-round pick.
• The Mavericks acquired Zaza Pachulia from the Bucks for a future second round pick.

You can keep up with all of the offseason trades here.

NBA Signings

Eastern Conference

• LeBron James re-signed with the Cavaliers on a two-year, maximum salary deal.
• The Pistons re-signed restricted free agent guard Reggie Jackson to a five-year, $80MM deal.
• The Cavs and Mo Williams signed a two-year, $4.3MM contract.
• Amar’e Stoudemire signed a one-year deal with the Heat.
• The Raptors signed Bismack Biyombo for two years, and $6MM.
• The Magic agreed to a one-year, $4.3MM deal with Jason Smith.
• The Pacers and Rodney Stuckey reached an agreement on a deal worth $21MM over three years.
• The Raptors signed Cory Joseph to a four-year year deal worth $30MM. The Spurs had pulled their qualifying offer to the point guard, making him an unrestricted free agent.
• The Magic and C.J. Watson reached an agreement on a three-year, $15MM deal.
• The Bulls agreed to a deal to re-sign Aaron Brooks for one year at the minimum salary.
• The Wizards and unrestricted free agent Alan Anderson agreed to a one-year, $4MM pact.
• The Pistons re-signed Joel Anthony to a two-year, $5MM pact.
• The Heat signed Gerald Green to a one-year, minimum salary deal.
• The Hornets signed Jeremy Lin to a two-year, approximately $4MM deal.
• The Hawks signed Justin Holiday to a two-year deal.
• The Raptors signed Luis Scola to a one year, approximately $3MM deal.
• The Nets signed Wayne Ellington to a two-year, $3MM deal.
• The Nets signed Willie Reed to a one-year pact.
• Jordan Hill agreed to sign with the Pacers.
• The Knicks re-signed Lance Thomas to a one-year, $1.6MM deal.
• The Wizards agreed to re-sign Drew Gooden to a one year, $3.3MM contract.

Western Conference

• The Grizzlies agreed to a five-year deal with Marc Gasol.
• The Spurs signed LaMarcus Aldridge to a four year, and approximately $80MM contract.
• DeAndre Jordan re-signed with the Clippers for four years and $87.6MM.
• The Spurs re-signed Tim Duncan to a two-year deal that would pay him $5MM this season with a player option for year two.
• The Spurs signed David West to a one-year, minimum salary deal.
• Lou Williams signed a three-year, $21MM deal with the Lakers.
• Joe Ingles and the Jazz signed a pact worth $4.5MM over two years.
• The Timberwolves signed Kevin Garnett to a two-year deal.
• The Mavericks re-signed J.J. Barea.
• Manu Ginobili agreed to re-sign with the Spurs on a deal worth $5.7MM over two years.
• The Mavs and Charlie Villanueva agreed to a minimum salary arrangement.
• The Kings and Kosta Koufos agreed to a four-year deal worth $33MM.
• Leandro Barbosa agreed to re-sign with the Warriors on a one-year, $2.5MM pact.
• The Timberwolves agreed to a three-year, $11.7MM deal with draft-and-stash prospect Nemanja Bjelica.
• Omri Casspi re-signed with the Kings on a two-year, $6MM deal.
• The Lakers signed free agent forward Brandon Bass.
• The Suns agreed to sign Mirza Teletovic to a one-year deal for $5.5MM.
• Wesley Johnson signed a minimum salary deal with the Clippers.
• Dante Cunningham re-signed with the Pelicans.
• The Mavs signed Jeremy Evans to a two-year deal.
• The Suns agreed to a two-year, $5.8MM contract with Sonny Weems.
• The Suns agreed to a one-year, minimum salary arrangement with Ronnie Price.
• The Jazz signed draft-and-stash prospect Raul Neto to a three-year, $2.8MM pact.
• The Pelicans agreed to re-sign Luke Babbitt.
• The Spurs reached an agreement with unrestricted free agent Jonathon Simmons.
• The Kings and Caron Butler agreed on a two-year deal.
• The Spurs and All-Euroleague First Team center Boban Marjanovic agreed to a one-year deal.
• The Clippers intend to sign Cole Aldrich to a two-year deal.
• The Nuggets are finalizing a four-year deal with Nikola Jokic, whom Denver drafted 41st overall last year.
• The Pelicans and Alonzo Gee agreed to a two year pact.

You can stay up to date on all of the signings with Hoops Rumors’ free agent tracker.

Offer Sheets

• The Trail Blazers signed Thunder restricted free agent Enes Kanter to a four-year, maximum salary offer sheet.

2015 NBA Draft Pick Signings

• The Timberwolves signed No. 1 overall pick Karl-Anthony Towns to a rookie scale deal.
• The Lakers signed first round draft picks D’Angelo Russell and Larry Nance Jr. to rookie scale deals.
• The Nets signed Rondae Hollis-Jefferson to a rookie scale contract.
• The Wolves inked Tyus Jones to a rookie scale deal.
• The Jazz signed Trey Lyles to a rookie scale pact.
• The Sixers signed center Jahlil Okafor to a rookie scale contract.
• The Bulls inked Bobby Portis to a rookie scale deal.
• The Rockets signed Sam Dekker to a rookie scale deal.
• The Warriors signed Kevon Looney to a rookie scale contract.
• The Trail Blazers signed Pat Connaughton to a rookie scale contract.
  
• The Lakers signed Anthony Brown to a rookie scale deal.
• The Wizards signed Kelly Oubre to a rookie-scale contract.
• The Grizzlies signed Jarell Martin to a rookie scale deal.
• The Magic signed Mario Hezonja to a rookie scale deal.
• The Thunder signed Cameron Payne to a rookie scale deal.

You can stay up to date on all of the 2015 NBA Draft signings here.

Waivers

• The Nets and Deron Williams reportedly reached an agreement on a buyout arrangement. Williams is expected to sign with the Mavericks if he clears waivers.
• The Raptors waived Luke Ridnour.
• The Hawks waived Austin Daye.

Miscellaneous News

• The Timberwolves rescinded their qualifying offer to Robbie Hummel, making him an unrestricted free agent.
• The Bulls announced that Randy Brown and Charlie Henry have been hired as assistant coaches, and that Mike Wilhelm will be retained as an assistant coach on Fred Hoiberg’s coaching staff.
• Jordan Farmar signed with Israel’s Maccabi Tel Aviv.
• The NBA fined Mavericks team owner Mark Cuban $25k for publicly confirming the team’s pending free-agent deals with DeAndre Jordan and Wesley Matthews.
• The Celtics officially renounced their rights to Shaquille O’Neal, Stephon Marbury, Michael Olowokandi, Michael Finley, Carlos Arroyo, Nenad Krstic, P.J. Brown, and Scot Pollard, which in turn removes their cap holds.

The NBA’s free agent signing period is underway and there have already been a flurry of deals agreed upon, though, these pacts cannot become official until after the moratorium is lifted on July 9th. You can stay up to date on all of the signings with our 2015 Free Agent Tracker. Before the next wave of wheeling and dealing begins, here’s a look back at the week that was…

Pending Trades

• The Sixers and Kings agreed to a deal that sends Jason Thompson, Carl Landry, and Nik Stauskas to Philadelphia, along with Sacramento’s 2018 first-round pick and the right to swap first-rounders with the Kings in 2016 and 2017. In return the Kings receive the rights to Arturas Gudaitis and Luka Mitrovic, the 47th and 60th picks, respectively, in last week’s draft.
• The Raptors acquired Luke Ridnour and cash from the Thunder in exchange for the rights to draft-and-stash prospect Tomislav Zubcic.
• The Hawks reached an agreement to acquire Tiago Splitter from the Spurs.
• The Suns and Pistons agreed to a trade that sends Marcus Morris, Reggie Bullock and Danny Granger to Detroit in exchange for a 2020 second-round pick.

Pending Signings

Eastern Conference

• The Heat and Goran Dragic reached an agreement on a five-year, $90MM deal.
• Jimmy Butler and the Bulls agreed to a five-year deal for an estimated $95MM.
• Kevin Love agreed to re-sign with the Cavaliers for five-years, and $110MM.
• The Heat and Dwyane Wade reached an agreement on a one-year, $20MM arrangement.
• The Bucks and restricted free agent Khris Middleton agreed to a five-year,$70MM deal.
• Greg Monroe agreed to a three year, estimated $50MM deal with the Bucks.
• The Pacers and Monta Ellis reached an agreement on a four-year, $44MM deal.
• Robin Lopez agreed to a four year, $54MM contract with the Knicks.
• The Magic reached an agreement with restricted free agent Tobias Harris on a four-year, $64MM arrangement.
• The Bulls and Mike Dunleavy agreed to a three-year, $14.4MM deal.
• The Nets agreed to re-sign Brook Lopez and Thaddeus Young. Lopez’s deal is for three years and $60MM, while Young will receive four years and $50MM.
• The Raptors and DeMarre Carroll agreed to a four-year, $60MM deal.
• Thomas Robinson agreed to a two-year, minimum salary deal with the Nets.
• The Knicks agreed to sign Arron Afflalo to a two-year deal worth $16MM with a player option for the second season.
• The Celtics and Amir Johnson agreed to a two-year, $24MM deal.
• The Hawks and forward Paul Millsap agreed to a three year, approximately $58MM contract.
• Jonas Jerebko agreed to re-sign with the Celtics for two-years and $10MM.
• The Cavaliers and restricted free agent Iman Shumpert agreed to a four year, $40MM deal.
• The Celtics and free agent Jae Crowder reached an agreement on a five-year, $35MM deal.
• The Hawks agreed to sign draft-and-stash center Edy Tavares, also known as Walter Tavares, to a multiyear arrangement.
• The Pistons and Aron Baynes agreed to what will be a three-year contract with a player option after year two.
• The Nets and Shane Larkin agreed to a two-year, $3MM deal.
• Derrick Williams agreed to a two-year, $10MM deal with the Knicks.
• The Pacers and free agent Lavoy Allen reached an agreement on a three year, $12MM contract.
• The Wizards agreed to sign Gary Neal to a one year and $2.1MM pact.
• The Nets reached a contract agreement with Ryan Boatright, an undrafted free agent.
  

Western Conference

• The Pelicans and Anthony Davis agreed to a five-year max deal worth an estimated $145MM.
•  DeAndre Jordan agreed to a four-year, $80MM deal with the Mavericks.
• The Spurs re-signed Kawhi Leonard for five years and an estimated $90MM.
• Wesley Matthews agreed to a four-year deal with the Mavericks.
• The Blazers and Damian Lillard agreed on a five-year max extension.
• The Kings and Rajon Rondo reached an agreement on a one-year, $10MM deal.
• Al-Farouq Aminu agreed to sign a four-year, $30MM deal with the Blazers.
• The Suns and Brandon Knight agreed to a five-year, $70MM deal.
• The Nuggets inked a fully guaranteed three-year contract with Nikola Jokic, whom Denver drafted 41st overall last year.
• The Thunder agreed to a one-year deal with former Arkansas Razorbacks star Michael Qualls.
• The Suns agreed to a deal with Tyson Chandler for four-years, $52MM.
• Ed Davis agreed to a three year, $20MM contract with the Blazers.
• The Clippers agreed to a three-year, approximately $10MM deal with small forward Paul Pierce.
• The Spurs and Danny Green came to an agreement on a four-year, $45MM deal.
• Richard Jefferson agreed to return to Dallas on a one year deal for the veteran’s minimum.
• The Pelicans re-signed Alexis Ajinca to a four-year, $20.2MM deal.
• The Kings and Marco Belinelli reached an agreement on a deal worth $19MM over three years.
• The Thunder and Kyle Singler agreed to a contract worth nearly $25MM over five years.
• Corey Brewer agreed to re-sign with the Rockets for three years and $24MM.
• The Grizzlies reached an agreement with Brandan Wright on a three year, nearly $18MM pact.
• The Pelicans and free agent Omer Asik agreed to a five year, $60MM deal.
• Patrick Beverley agreed to re-sign with the Rockets on a four year, $23MM contract.
• The Kings and James Anderson agreed to a multiyear deal.

2015 NBA Draft Pick Signings

• The Hornets signed Frank Kaminsky to a rookie scale contract.
• The Heat inked Justise Winslow to a rookie scale contract.
• The Nets signed first round draft pick Chris McCullough to a rookie scale contract.
• The Raptors signed Delon Wright to a rookie deal.

Waivers

• The Magic waived Ben Gordon.
• Darius Morris was waived by the Nets.
• The Bucks waived Caron Butler and Shawne Williams.

Option Decisions

• LeBron James opted out of his contract with the Cavaliers for 2015/16.
• Kirk Hinrich decided to opt in and stay with the Bulls for next season.
• Wizards forward Paul Pierce opted out of his deal with the team for the 2015/16 campaign.
• Luol Deng exercised his player option to remain with the Heat.
• The Warriors picked up their $3.815MM team option on Marreese Speights.
• Roy Hibbert opted in for next season to remain with the Pacers.
• The Heat declined their team option on Michael Beasley.
• Dwyane Wade turned down his $16.125MM player option with the Heat.
• The Lakers declined their team option for Jordan Hill.
• Mike Miller opted into his $2.8MM contract with the Cavaliers for next season.
• Nets swingman Alan Anderson opted out of his deal for next season.
• David West turned down his $12.6MM player option with the Pacers for the 2015/16 campaign.
• Jared Dudley exercised his player option to stay with the Bucks.
• Cartier Martin picked up his minimum-salary option for next season to remain with the Pistons.

Players Receiving Qualifying Offers

• Patrick Beverley (Rockets)
• Nick Calathes (Grizzlies)
• Norris Cole (Pelicans)
• Jae Crowder (Celtics)
• Nando De Colo (Raptors)
• Matthew Dellavedova (Cavaliers)
• Draymond Green (Warriors)
• Tobias Harris (Magic)
• Robbie Hummel (Timberwolves)
• Joe Ingles (Jazz)
• Cory Joseph (Spurs)
• Enes Kanter (Thunder)
• Brandon Knight (Suns)
• Ognjen Kuzmic (Warriors)
• Kawhi Leonard (Spurs)
• K.J. McDaniels (Rockets)
• Khris Middleton (Bucks)
• Kyle O’Quinn (Magic)
• Iman Shumpert (Cavaliers)
• Tristan Thompson (Cavaliers)
• Jeff Withey (Pelicans)

Players Not Extended Qualifying Offers

• Quincy Acy (Knicks)
• Aron Baynes (Spurs)
• Bismack Biyombo (Hornets)
• Vander Blue (Lakers)
• Ian Clark (Nuggets)
• Chris Copeland (Pacers)
• Gigi Datome (Celtics)
• Justin Hamilton (Timberwolves)
• Justin Holiday (Warriors)
• Bernard James (Mavericks)
• Arinze Onuaku (Timberwolves)
• Glenn Robinson III (Sixers)
• Alexey Shved (Knicks)
• Henry Sims (Sixers)
• Jeffery Taylor (Hornets)
• Travis Wear (Knicks)
• Shayne Whittington (Pacers)
• Derrick Williams (Kings)

News/Rumors

• Tim Duncan won’t be retiring this offseason, and intends to play in 2015/16.
• Veteran forward Kenyon Martin announced his retirement.
• The Greivis Vasquez trade allowed the Raptors to generate a $6.4MM trade exception, since they gave him up without taking back any salary in return.
• Suns coach Jeff Hornacek added Jason Fraser to his staff as a player development coach focusing on the team’s big men.
• The NBA ordered the Sixers to pay $3MM to the Pelicans last season for not fully disclosing the extent of Jrue Holiday‘s injury before his 2013 trade.
• Luka Mitrovic, a forward from Serbia who the Sixers took with the final pick of the draft, will stay overseas next season.
• Hawks free agent shooting guard John Jenkins parted ways with BDA Sports Management to sign with Relativity Sports.
• Point guard Sergio Llull decided against joining the Rockets and will stay with Real Madrid.
• Hawks big man Pero Antic signed with Fenerbahce of Turkey.