Kennedy On McGrady, Martin, O’Neal, Arenas

August 8 2012 at 1:44pm CDT By Luke Adams

It wasn't long ago that we heard the Bulls had some interest in signing Tracy McGrady, but that possibility no longer appears realistic. After signing first-round pick Marquis Teague, the Bulls are only about $758K under their hard cap line, meaning a veteran's minimum contract for McGrady wouldn't fit unless the team traded another player. Alex Kennedy of HoopsWorld confirms that the two sides are no longer talking, and says McGrady will continue weighing his options in hopes of joining a contender. Here are a few more updates from Kennedy on some unsigned veterans:

  • Kenyon Martin is talking with several teams, and while he doesn't want to sign for the veteran's minimum, he may end up having no choice, says Kennedy.
  • Jermaine O'Neal says "winning a championship is the only goal," and would like to join a contending team on a minimum-salary deal. The Lakers, Bucks, and Suns have watched him work out.
  • Sources close to Gilbert Arenas say that he's slimmed down and is fully healthy as he searches for an NBA contract.
  • Ben Wallace still hasn't made up his mind about whether to retire or return to the Pistons for one more year. A decision is expected within the next few weeks.
  • There's no timetable on Josh Howard's free agent decision, but it sounds like he's close to picking a destination. We heard last week that Howard had narrowed his options to five teams.
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