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Latest Updates

 

Knicks waive veteran Lamar Odom


by Igor Mello | CBSSports.com
(7/11/2014) The Knicks have parted ways with veteran forward Lamar Odom on Friday, according to a team statement from Phil Jackson.

"Unfortunately, Lamar was unable to uphold the standards to return as an NBA player. We found it necessary to free up the roster spot," Jackson said.

Suns, Kings complete sign-and-trade for Isaiah Thomas


by Igor Mello | CBSSports.com
(7/11/2014) The Suns and Kings have finalized a sign-and-trade deal on a four-year, $27M contract for restricted free agent Isaiah Thomas, Adrian Wojnarowski of Yahoo! Sports reports Friday.

The former 60th overall pick in the 2011 NBA Draft will be heading to Phoenix, while Sacramento will receive a $7 million trade exception and the rights to forward Alex Oriakhi, the 57th overall pick in 2013, according to Brian Windhorst of ESPN.

Thomas averaged career-highs of 20.3 points and 6.3 assists last season for the Kings. He is expected to serve as an ideal third guard to complement Eric Bledsoe and Goran Dragic in Phoenix, according to CBSSports.com NBA Insider Ken Berger.


Jordan Hill signs two-year deal with Lakers


by Igor Mello | CBSSports.com
(7/11/2014) Free agent forward Jordan Hill signed a two-year, $18 million contract to stay with the Lakers, Adrian Wojnarowski of Yahoo! Sports reports Friday. The deal will give the Lakers a team option in the second year of the contract. Hill averaged 9.7 points, 7.4 rebounds and 0.9 blocks per game over 72 games last season. 

Chris Bosh opts to return to Miami for five years


by Chris Towers | CBSSports.com
(7/11/2014) Though they lost the biggest member of the Big 3, the Heat won't come away from free agency empty-handed.

Yahoo.com reports Friday the Heat have agreed to terms on a five-year deal with center Chris Bosh, who had reportedly been considered a max offer from the Rockets. Bosh will reportedly be paid $118 million over the life of the deal, after joining Dwyane Wade and LeBron James in opting out of their respective deals earlier in free-agency.

Bosh averaged just 16.2 points and 6.6 rebounds per game in his least productive season since he was a rookie, but will likely see a bigger role moving forward following James' decision to sign in Cleveland.


Nick Young gets four years from the Lakers


by Chris Towers | CBSSports.com
(7/11/2014) The Lakers have agreed to a deal to keep guard Nick Young around, according to ESPN.com Friday.

Young put together a career-best season while working on a minimum-salary deal with the Lakers, and he will be rewarded handsomely for it. CBSSports.com NBA Insider Ken Berger reports the deal will pay Young $21.5 million over four years, with the fourth year a player option.

Young averaged 17.9 points, 2.6 rebounds and 1.5 assists per game in 64 appearances for the Lakers last season. 


John Salmons waived for cap savings


by Chris Towers | CBSSports.com
(7/11/2014) The Hawks officially waived forward John Salmons Friday, after acquiring him in a cap-clearing move at the draft.

Salmons was due a $7 million salary for 2014-15 season, but the Hawks were able to waive him while paying just $1 million of that. He averaged just 5.2 points, 2.1 rebounds and 1.9 assists in 78 games for the Raptors and Kings last season.  


Report: Rockets shipping Jeremy Lin to Lakers


by Joe Polito | CBSSports.com
(7/11/2014) In an effort to clear cap space, the Rockets are working to finalize a deal that would send guard Jeremy Lin to Los Angeles. The Lakers would also receive a future first-round pick and other draft considerations but won't take on any salary in return, Yahoo Sports reports.

Lin averaged 12.5 points and 4.5 assists per game in what was mostly a sixth man role for Houston. He'll likely get to start in Los Angeles. Meanwhile, the Rockets cleared space in the hopes of adding free agent Chris Bosh on a max deal. 


LeBron James announces return to Cleveland


by Chris Towers | CBSSports.com
(7/11/2014) Free agent forward LeBron James is returning to the Cleveland Cavaliers, the star announced via Sports Illustrated Friday.

James, who spurned Cleveland for Miami four years ago, opted out of his deal with the Heat following a loss to the Spurs in the NBA Finals. Details of the contract are not known as of now, as James announced his decision in a personal letter on SportsIllustrated.com.

James ended up finishing second in the MVP voting last season after winning the previous two. He joins Cleveland after shooting a career-high 56.7 percent from the field, while averaging 27.1 points, 6.9 rebounds and 6.3 assists per game in 77 appearances for the Heat in 2013-14. 


Report: Suns, P.J. Tucker agree to three-year deal


by Igor Mello | CBSSports.com
(7/10/2014) The Arizona Republic reports that the Suns have reached a three-year, $16.5 million agreement to re-sign forward P.J. Tucker with Phoenix. Tucker, 29, posted averages of 9.4 points and 6.5 rebounds while shooting 38.7 percent from downtown in 81 games last season. 

Steve Blake signs with the Trailblazers


by Joe Polito | CBSSports.com
(7/10/2014) Veteran point guard Steve Blake inked a two-year deal with the Portland Trailblazers on Thursday, according to Yahoo Sports.

The deal is worth 4.2 million over two years and includes a second-year player option. Blake thrived in Mike D'Antoni's Lakers offense early on last year before being traded to Golden State to play a lesser role. He averaged 6.9 points and 5.6 assists per game overall on the season. 


Report: Mavericks reach agreement with RFA Chandler Parsons


by Joe Polito | CBSSports.com
(7/10/2014) The Rockets appear to be on the clock in free agency, as CSN Houston reported late Wednesday that the Mavericks and restricted free agent Chandler Parsons came to an agreement. The offer sheet is good for three years and $45 million according to the report.

Houston now has 72 hours to match the deal or watch Parsons walk away. This could be tricky considering the Rockets are still waiting on bigger fish to decide. They've reportedly offered Chris Bosh a max deal and have also been linked to other free agent forwards such as Luol Deng and Trevor Ariza. 

The gap between Parson's level of play and his meager salary has been perhaps the widest of any player in the league. He averaged 16.0 points, 5.4 rebounds and 3.8 assists per game for Houston over the last two years while making less than $1 million annually. 


Raptors re-sign Greivis Vasquez


by Joe Polito | CBSSports.com
(7/10/2014) Restricted free-agent Greivis Vasquez came off the market late Wednesday when the Raptors chose to re-sign him to a two-year, $13 million deal, according to Yahoo Sports.

Vasquez had maintained that he'd like to return to Toronto, where he was traded last season by the Kings. He averaged 9.5 points and 3.7 assists backing up Kyle Lowry last year.


Report: Carmelo Anthony returning to New York


by Joe Polito | CBSSports.com
(7/9/2014) Despite taking several meetings with other teams this offseason, Carmelo Anthony is expected to announce that he'll return to the Knicks. The New York Daily News reported Wednesday that Anthony told a close friend he "believes in Phil" and plans to announce his intent Thursday.

Anthony was said to be deciding between the Lakers and Knicks over the past few days, but it ultimately appears he'll opt to make more money by staying put while seeing what the new regime under Phil Jackson can do for him in the coming years. 


Mitch McGary playing in summer league


by Chris Towers | CBSSports.com
(7/9/2014) The Thunder signed forward Mitch McGary to a rookie-scale deal prior to the start of Orlando Summer League, the team announced.

McGary was the No. 21 overall pick in this year's draft, despite playing in just eight games at the University of Michigan last season. McGary dealt with back issues in college, but has already been able to play in the team's first two Summer League games. 


Celtics sign Marcus Smart to rookie deal


by Chris Towers | CBSSports.com
(7/9/2014) The Celtics have agreed to terms on a rookie-scale deal with guard Marcus Smart , the No.6 overall pick in this year's draft.

Smart was the first of the Celtics' first-round picks this year, after starring at Oklahoma State University for two years. Smart averaged 18.0 points, 5.9 rebounds and 4.8 assists per game in 31 appearances as a sophomore.  


Jordan Adams signs rookie deal with Grizzlies


by Chris Towers | CBSSports.com
(7/9/2014) The Grizzlies signed their first-round pick to a rookie-scale deal Tuesday, the team announced.

The Grizzlies selected guard Jordan Adams with the 22nd pick in the draft, after he spent two seasons playing at UCLA. He averaged 17.4 points, 5.3 rebounds and 2.3 assists in 30.1 minutes per game as a sophomore. 


Zach LaVine signs rookie deal with Wolves


by Chris Towers | CBSSports.com
(7/9/2014) The Timberwolves announced the signing of first-round pick Zach LaVine Tuesday.

LaVine was the No. 13 overall pick in the draft this year, after spending just one year at UCLA. He averaged 9.4 points, 2.5 rebounds and 1.8 assists in 24.4 minutes per game as a freshman. 


Magic sign first-round picks Aaron Gordon, Elfrid Payton


by Chris Towers | CBSSports.com
(7/9/2014) The Magic announced the signing of their two first-round draft picks just ahead of Orlando Summer League, as Elfrid Payton and Aaron Gordon signed their rookie-scale deals.

Gordon was the No. 4 overall pick out of the University of Arizona, while Payton went No. 10 out of the University of Louisiana at Lafayette. Gordon finished his freshman season averaging 12.4 points and 8.0 rebounds in 38 games, while Payton graduated as a junior and averaged 19.2 points, 6.0 rebounds and 5.9 assists in 35 games last season. 


Report: Gordon Hayward to sign max deal with Hornets


by Chris Towers | CBSSports.com
(7/9/2014) The Hornets have agreed to a max contract for restricted free-agent Gordon Hayward, according to numerous media reports Tuesday.

The deal is expected to pay Hayward $63 million over four years, though it cannot be finalized until free agency officially begins Thursday. Hayward's former team, the Jazz, will have three days to match the deal once he signs it, and the team has given every indication they will do so, according to USA Today.

Hayward is coming off the best season of his career, averaging 16.2 points, 5.2 assists and 5.1 rebounds in 77 games.  


Cavaliers, Nets, Celtics work out three-team trade


by Chris Towers | CBSSports.com
(7/9/2014) The Cavaliers opened up cap space in a three-team trade Wednesday, according to ESPN.com.

According to reports, the Cavaliers have traded guards Jarrett Jack and Sergey Karasev to the Nets and center Tyler Zeller to the Celtics, while the Nets sent Marcus Thornton to Boston. It is not clear what, if anything, the Cavaliers will receive in return.


Report: '90 percent chance' LeBron James joins Cavaliers


by R.J. White | CBSSports.com
(7/8/2014) There's a "90 percent chance" that free-agent forward LeBron James returns to the Cavaliers this offseason, SheridanHoops.com reports.

The source referenced in the report also said Monday that there was a 75 percent chance James would join the Cavaliers, so if the figures quoted are accurate, James is quickly becoming more and more in tune with the idea of returning to the team that drafted him. An announcement is expected to come on James' website within the coming days if he does in fact agree to a deal with the Cavaliers.


James Anderson waived, becomes free agent


by Chris Towers | CBSSports.com
(7/8/2014) The 76ers waived guard James Anderson prior to the start of free agency, making him an unrestricted free agent.

Anderson started 62 of 80 games for the 76ers last year, averaging 10.1 points, 3.8 rebounds and 1.9 assists per game. 


Chauncey Billups' next career move undecided


by Chris Towers | CBSSports.com
(7/8/2014) The Pistons opted not to pick up a $2.5 million team option for veteran guard Chauncey Billups, and that might spell the end of his career as a player.

As he told BasketballInsiders.com, he has opportunities waiting for him in front offices or as a member of the media, if he does decide to retire. Though he has not made a decision on whether he will retire or not, Billups did say he is considering playing if the right situation presents itself.

"I know that in the right situation, I can really help a team win," he said. "But it would take the right situation. I'm not going to play just to play. I have nothing left to prove and I've accomplished everything I wanted to accomplish playing basketball, so it would take the right situation for me to play."

Billups appeared in just 19 games a year ago, averaging 3.8 points and 2.2 assists per game for the Pistons. 


Russell Westbrook to sit out World Cup


by Chris Towers | CBSSports.com
(7/8/2014) Thunder guard Russell Westbrook has opted not to play for Team USA during the upcoming FIBA World Cup in Spain, according to Yahoo.com.

There has been no reason given for Westbrook's unexpected absence, though he did deal with ongoing trouble with his surgically repaired knee through the season. Westbrook missed 36 games last season and spent much of the year under a minutes limit, so this could just be a chance to get him rest, after another deep playoff run. 


Channing Frye inks four-year deal with Magic


by Chris Towers | CBSSports.com
(7/8/2014) Veteran forward Channing Frye has agreed to a four-year deal worth $32 million with the Magic, according to multiple media reports Monday.

Frye was to make $6.8 million this season before he opted out of the final year of his contract with the Suns. He made his return last year following a season-long absence due to a heart issue in 2012-13, and was able to play in all 82 games He averaged 11.1 points and 5.1 rebounds, while shooting 37.0 percent from three-point range.