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  1. Suns agree to give Channing Frye five years, $30 million to keep raining threes

    Jul 1, 2010, 11:02 PM EDT

    UPDATE 11:02 pm: Channing Frye and the Suns kept talking, and the two sides reached a deal this evening — five years, $30 million. That’s a good deal for him that extends into the new Collective Bargaining Agreement. After the crazy contracts of the day, one might have thought Frye would see if he could…

  2. Wojnarowski: Several teams interested in Tyrus Thomas

    Jul 1, 2010, 10:51 PM EDT

    According to the twitter feed of Yahoo! Sports’ Adrian Wojnarowski, the Minnesota Timberwolves, Denver Nuggets, New York Knicks, and New Jersey Nets have all shown interest in free agent forward Tyrus Thomas.  Thomas is a restricted free agent, meaning that the Bobcats would be able to match any offer that Thomas gets. Since the Bobcats…

  3. Somebody wants to play in Toronto: Amir Johnson re-signs with Raptors

    Jul 1, 2010, 9:58 PM EDT

    From the refreshing change of pace category: “Amir (Johnson) didn’t want to play the free agency game,” (his agent Kevin) Bradbury said. “He wanted to go back to Toronto. He’s young and he has security and a lot of basketball left in him.” And so he has agreed to a five-year, $34 million deal, according…

  4. Spurs fans: Just when you thought you were rid of Richard Jefferson…

    Jul 1, 2010, 9:28 PM EDT

    Yesterday, everybody went, “what, really?” when Richard Jefferson opted out of his $15.2 million final year with the San Antonio Spurs. But he is already negotiating to come back to San Antonio next season, according to the San Antonio Express-News. And it really makes sense, if you think about it. Several NBA sources assume Jefferson…

  5. Paul Pierce talking to Celtics, no one else

    Jul 1, 2010, 6:42 PM EDT

    Can you really picture Paul Pierce in colors other than green and white? Pierce apparently can’t either. He has opened talks with the Boston Celtics on a new contract — and only the Boston Celtics. That according to ESPN.com’s Marc Stein. Pierce just opted out of the last year of his contract, worth $21.5 million.…

  6. Phil Jackson says he is returning for one more year

    Jul 1, 2010, 5:20 PM EDT

    Phil Jackson made it official today — he is back for one more year as head coach of the Lakers. “Count me in,” said Jackson in the official statement on Lakers.com. “After a couple weeks of deliberation, it is time to get back to the challenge of putting together a team that can defend its…

  7. Hornets say they're not trading Chris Paul, but nobody believes them

    Jul 1, 2010, 4:47 PM EDT

    The Hornets keep saying they are not trading Chris Paul, but man is there still a lot of smoke coming from that direction. Last week’s hedge-your-bets statement from team owner George Shinn — we’re not trading Chris Paul, but we’ll look at any deal that improves the team — just threw more fuel on the…

  8. Rudy Gay agrees to five years, $82 million to stay with Memphis Grizzlies

    Jul 1, 2010, 3:10 PM EDT

    Is any free agent besides Chris Bosh going to change teams? Rudy Gay isn’t — he has agreed to a five-year, $82 million deal with a player option the last year to stay in Memphis. David Aldridge of NBA.com broke the story and Yahoo sports confirmed with his management. “I think Rudy likes Memphis a…

  9. Milwaukee Bucks close to five-year, $39 million with John Salmons

    Jul 1, 2010, 2:25 PM EDT

    John Salmons was good to the Milwaukee Bucks. Now they are being very good to John Salmons. The Bucks and Salmons are close to a five-year, $39 million deal that would keep the swingman in Wisconsin, as reported by David Aldridge at NBA.com. There is nothing final — as CBSSports.com is reporting — and nothing…

  10. Who LeBron meets with and when

    Jul 1, 2010, 1:38 PM EDT

    Just so you are not in the dark about LeBron James schedule: Thursday: Nets and KnicksFriday: Heat and ClippersSaturday: Bulls and CavaliersSunday: Fireworks and barbecue Okay, we have no confirmation on the Sunday part, although we feel good about it. But the rest of it has been confirmed by Chad Ford and others. Ford adds…

  11. Have the Miami Heat contacted you? They've reached out to everyone else.

    Jul 1, 2010, 1:18 PM EDT

    You think the human beings have yet to be cloned successfully. But after looking at what the Miami Heat have been up to in the first hours of free agency, I am convinced someone in Heat HQ has cracked the code. Otherwise there is no way they could have been in all these places. This…

  12. Why yes, Minnesota Timberwolves, Darko Milicic will gladly take your $20 million, please and thank you

    Jul 1, 2010, 1:07 PM EDT

    David Kahn is the most dangerous GM in the world. Not in the Sam Presti or Daryl Morey way, either; you don’t need to worry about his diabolical scheming or adaptable strategy, but rather how much irreparable damage he’s capable of doing to his team in a short time. Well, add another bad move to…

  13. Stoudemire holding out for five-year deal, talking to Miami and New York

    Jul 1, 2010, 12:32 PM EDT

    After a “first date” meeting with Miami Heat president Pat Riley — no word on if he got to second base — Amare Stoudemire’s agent made one thing very clear. “We’re not doing anything that’s not five years,” Walters said. That is from Paul Coro at the Arizona Republic (who rocks that beat hard, by…

  14. Linas Kleiza still 50-50 on a return to the NBA

    Jul 1, 2010, 12:28 PM EDT

    Going to Europe is a surefire way to drop off the NBA fan radar for a bit, but don’t think for a second that teams have forgotten about Linas Kleiza. We haven’t seen Kleiza play stateside since the 2009 playoffs, but there’s a possibility he’ll make his return to the NBA next season through restricted…

  15. Losing LeBron would cost Cavaliers $250 million immediately

    Jul 1, 2010, 12:15 PM EDT

    Do the Cavaliers seem desperate to keep LeBron James in Cleveland? They should. They have good reason. About 250 million reasons. Losing LeBron would drop the Cavaliers franchise value by $250 million, according to a story in Bloomberg News. “I wouldn’t be surprised if the Cavaliers in a year or two are below the league…

  16. Anthony Morrow: Dead-eye shooter, post-apocalyptic Warrior, coveted free agent

    Jul 1, 2010, 12:00 PM EDT

    The Warriors have long been something of a basketball wasteland; even if it’s entertaining to watch Monta Ellis, Stephen Curry and the like run amok in Don Nelson’s post-apocalyptic world, all of their wins are empty, and their losses sobering reminders of where they are and where they’ll never go. So naturally, as basketball fans,…

  17. Nuggets trying to trade for Andris Biedrins. As if that will make them tougher.

    Jul 1, 2010, 11:27 AM EDT

    If Denver wants to win a title, they have to get past the Los Angeles Lakers first. And that is a tall order. Literally. The long front line of the Lakers — Andrew Bynum, Pau Gasol, Lamar Odom — has been a problem for Denver. So they are going to solve that with… Andris Biedrins?…

  18. Nets up first, pitch LeBron with clothing line and lessons in being a billionaire

    Jul 1, 2010, 10:46 AM EDT

    On the court, the Nets have a nice young team. That’s not going to be enough. So as the Nets walk through the doors to be the first team to pitch LeBron James — starting at 11 am Eastern — here is what they are selling, according to the New York Post. Russian billionaire owner…

  19. Report: Milwaukee Bucks, Drew Gooden agree to five-year, $32 million deal

    Jul 1, 2010, 10:03 AM EDT

    Everyone who had Drew Gooden in the office pool as the first free agent to sign a deal, come on up and collect your money. Anyone? Hello? The Milwaukee Bucks have agreed on a five-year, $32 million deal with Drew Gooden, according to Adrian Wojnarowski at Yahoo. That is the full mid-level exception deal. No…

  20. One deal likely to get done fast: Kevin Durant extension in Oklahoma City

    Jul 1, 2010, 9:39 AM EDT

    While we’ve all been watching the Gulfstream jets land in Akron, the Oklahoma City Thunder have gone about trying to secure their future as a powerhouse. At 11:01 central time last night a team of Oklahoma City Thunder officials knocked on the door of Kevin Durant. They were there to offer a max extension too…

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