Bob Finnan of The News-Herald rounds up the latest NBA rumors in his weekly column, and though he usually focuses on the Cavs, his latest dispatch is heavy on Pistons news. We'll hit the highlights here:

• Re-signing Jose Calderon remains a priority for the Pistons, but Joe Dumars and company "don't want to break the bank" to do so, Finnan writes. It's unclear exactly what breaking the bank would constitute, but I'd say the Pistons would balk at any deal approaching $10MM per year, based on previous estimates that peg his worth at between $6MM and $8MM.
• The Pistons aren't high on Trey Burke, and they probably hope he's off the board by the time they draft eighth overall, since there's pressure from fans to draft the University of Michigan star.
• Detroit is instead enamored with Cody Zeller, though most observers believe they'll draft a guard, according to Finnan.
• The Cavs, like the Pistons, have drawn mention as a likely suitor for Andre Iguodala, but Finnan isn't so sure Cleveland is willing to shell out a lucrative deal for him. The News-Herald scribe figures another team will overpay the soon-to-be free agent.
• The Pistons and Raptors were certain the Cavs were going to draft Jonas Valanciunas with the fourth pick in 2011, and had a deal in place based on that contingency. Detroit would have sent Ben Gordon and the No. 8 pick to Toronto for Calderon and the No. 5 pick. The Pistons would have drafted Tristan Thompson, whom the Cavs wound up taking at No. 4 that year, while the Raptors would have picked Brandon Knight.
• Finnan unveils his latest mock draft as part of a separate piece. He has the Cavs taking Nerlens Noel first overall, despite rumors the team will pass him up. Finnan predicts the Pistons will take shooting guard Kentavious Caldwell-Pope.

It's been nearly five years since Jose Calderon last hit the open market. Back in the summer of 2008, the point guard was coming off a season in which he established career-highs in PPG (11.2), APG (8.3), FG% (.519), PER (20.5), and a handful of other categories. The performance earned Calderon a five-year, $45MM contract from the Raptors, a deal that will come to an end this June.

Calderon still hasn't topped a few of those marks he established in 2007/08, but the last five seasons have shown that his breakout year was no fluke. Since signing that lucrative deal with the Raps, Calderon has averaged 11.0 PPG, 7.9 APG, and a 17.5 PER, along with excellent shooting percentages (.474/.408/.892).

While he has been remarkably consistent to date, Calderon will be entering his age-32 season this fall. Steve Nash is living proof that it's possible for a point guard to have his best years in his 30s, but Nash is probably the exception, rather than the rule. In Calderon's case, we shouldn't expect him to get any better, though it's also safe to assume his production shouldn't fall off a cliff anytime soon. Considering his age and the new CBA, Calderon won't get another five-year contract, but a multiyear deal, perhaps for three seasons, appears likely.

After spending the first seven and a half seasons of his NBA career in Toronto, Calderon was sent to the Pistons in January's three-team Rudy Gay blockbuster. The Spaniard has expressed a willingness to listen to the Raptors if there's interest from his old team this summer, but it's his new team that appears to have the most interest in keeping him long-term. GM Joe Dumars and the Pistons have made no secret of the fact that they'd like Calderon to remain in Detroit beyond this season, helping the club's young bigs (Greg Monroe and Andre Drummond) grow and develop.

Unlike the Raptors, who figure to have only the mid-level exception at their disposal in July, the Pistons are poised to clear a huge amount of cap room this summer, with Calderon's $11.05MM salary and Corey Maggette's $10.92MM cap hit among the contracts coming off the books. Even if the team intends to pursue marquee free agents, it should have plenty of room to re-sign Calderon as well.

Of course, the Pistons and Raptors won't be the only teams in the mix for Calderon. Although he's not a strong defender, Calderon's steady offensive efficiency should attract interest from teams with a hole at the point and no way of acquiring an elite option. The Mavericks and Jazz are a couple clubs that could fit the bill, depending on how they end up using their cap space.

In addition to being unlikely to match the five years he received on his last deal, Calderon probably isn't a great bet to land the $9MM annual salary he got back in 2008. Still, he'll almost certainly receive more than mid-level money, which figures to reduce the number of potential suitors for his services. David Mayo of MLive.com recently predicted a $7-8MM annual salary for Calderon, while Vince Ellis of the Detroit Free Press estimated something slightly lower, at $6-7MM annually. I think both Detroit scribes are in the ballpark, and I could see Calderon inking a three-year deal worth north of $20MM.

Calderon isn't a truly elite point guard, and his defense leaves something to be desired, but there aren't many players in the NBA more capable of running an offense. Calderon's talent and ability on that side of the ball should ensure that at least two or three suitors make competitive bids for his services, but I expect the Pistons to ultimately win out.

Last week, Pistons point guard Jose Calderon said that he wasn't ready to close the door on a reunion with the Raptors after spending an enjoyable seven-and-a-half years there.  Even though Calderon might have an affinity for Toronto, it's unlikely that he'll be in red-and-black next year because of their cap situation.  Besides, based on recent comments from Joe Dumars, it seems like he's appreciated in Detroit.  Here's more on Calderon and the rest of the Central..

• The Pistons would like to re-sign Calderon, and even though the team's poor play of late hasn't dissuaded the point guard from coming back, Calderon is non-committal about his free agent plans, as Vince Ellis of the Detroit Free-Press details. Ellis suggests Calderon could command an annual salary of $6MM-$7MM.
• The summer ahead is crucial for the Pistons, opines MLive's David Mayo, who believes coach Lawrence Frank will be retained, albeit with a short leash for next season, despite rumors that he won't be back for 2013/14.
• Jason Lloyd of the Akron Beacon Journal quotes an unnamed Cavs player who questions coach Byron Scott's grueling shootarounds and practices as well as his in-game strategy. Lloyd hears from another member of the organization perplexed by Scott's usage of Kyrie Irving. The Cavs picked up his $4.5MM option for next season, but it's not certain the team will retain him for 2013/14.

Chuck Myron contributed to this post.

Jose Calderon and the Pistons will play the point guard's old team tonight for the first time since he was traded by the Raptors to Detroit two months ago. Calderon is headed for free agency, and the Pistons haven't made their desire to re-sign him a secret, but could the Spaniard also consider returning to the club with whom he spent the first seven and a half years of his career? Here's the latest on Calderon....

• A player like Calderon is exactly the sort of piece the Raptors could use right now, opines Frank Zicarelli of the Toronto Sun.
• Toronto's cap situation makes a summer reunion with Calderon unlikely, but as the longtime Raptor tells Doug Smith of the Toronto Star, it's not entirely out of the question. "Why am I going to close that door? I was there a great seven and a half years," Calderon said. "I was perfectly happy and that’s why the door is wide open for Toronto; if not, I would say right now, 'no way, I am not going back to Toronto.'"
• Smith interprets Calderon's comments as heartfelt rather than as mere lip service, but notes in a separate piece that the Raptors' offseason approach will largely depend on who's running the team, since there's no guarantee it will be current GM Bryan Colangelo. Colangelo was responsible for the acquisition of Kyle Lowry, as well as the decision to move Calderon and hand Lowry the point guard reins.
• More Calderon on his upcoming free agency, via Smith: "Money never was the most important thing for me. I think at this point in my career, it’s not going to be 'if you give me more, I’ll go there.' No way. That’s not going to be it at all. It’s going to be everything, the team, the city, family-wise, it’s going to be everything under consideration for sure."
• In his latest Pistons mailbag, David Mayo of MLive.com predicts that Calderon will land a contract this summer worth about $7-8MM annually, adding that if he were a GM, he wouldn't give the veteran guard more than three years.

Pistons president of basketball operations Joe Dumars made it clear after the late-January trade that brought Jose Calderon over from Toronto that he would make every effort to retain him for the long term.  In the 23 games since then, Dumars tells Keith Langlois of NBA.com that nothing has caused him to waver from that stance.

“It’s been very good to have a guy like Jose, who’s a veteran, true point guard, leader, on your team,” he said. “A lot of the stuff he brings is exactly an area that we needed to get better in, so that’s why I really enjoying watching him. The results are not where we want them to be, but in the middle of the season for where your team is right now, it was never the expectation that Jose would come in and just turn everything around for us.”

Some speculated that Detroit would lean towards letting Calderon walk to free up more cap space this summer.  The deal that brought Calderon to the Pistons cost the club Tayshaun Prince and Austin Daye, so it stands to reason that they would lean towards keeping him.  Their cap space could theoretically allow them to pursue someone like Brandon Jennings, but Calderon would obviously be a much more affordable alternative.

In 23 games for the Pistons, Calderon is averaging 11.7 PPG with 6.9 APG in 31.3 minutes per contest.

The Raptors appear likely to miss the playoffs for the fifth straight season, and there are questions about whether GM Bryan Colangelo, who has presided over all five lottery trips, will be back after his contract expires this summer.  Gary Washburn of the Boston Globe, as part of his leaguewide roundup, shares thoughts from Colangelo on the state of his team. The GM takes an optimistic tone, one shared by his key acquisition this season.

"Since I’ve been there, I’ve loved it," Rudy Gay said. "It’s been great. The fans are great, and it’s a great organization. I love it so far. Instead of complaining about it, you’ve got to embrace it. It’s by far not a bad situation."

Here's what Colangelo had to say:

On the rebuilding process and patience regarding a Jose Calderon trade:

“We started a process two and a half years ago when Chris (Bosh) left, and rebuilding’s not fun, not for the faint of heart. But you know, you take these steps and you try to put yourself in a position to make steps. I think by virtue of us being real patient and strategic the last couple of years, this past summer we had a chance to pick up Kyle (Lowry) in a deal, and we had a chance to follow it up with (Gay). That doesn’t happen if we had done something differently with Jose last year."

Derrick Rose's return to the Bulls may be just around the corner, as Rose's doctor has cleared him to play, according to Melissa Isaacson of ESPNChicago.com. The Bulls guard still isn't entirely comfortable dunking off his left foot, and isn't 100% ready mentally to make his 2012/13 debut, so the club isn't pressuring him, writes Isaacson. But it sounds as if Rose will return well in advance of the postseason, perhaps within the next week or two. As we look forward to seeing the former MVP back on the court, let's round up a few more items out of the Central Division....

• Jose Calderon tells David Mayo of MLive.com that he's taking a wait-and-see approach with free agency, but appreciates the fact that the Pistons had genuine interest in him rather than simply acquiring him for his expiring contract.
• If Calderon doesn't re-sign with the Pistons, expect O.J. Mayo to be one of the team's top targets, Mayo (David, not O.J.) writes in a separate piece.
• Shaun Powell of Sports on Earth examines the big offseason approaching for the Bucks, as Brandon Jennings, Monta Ellis, and J.J. Redick prepare to hit free agency.
• As he does every Friday, Sam Smith of Bulls.com opens up his mailbag and addresses a number of Bulls-related questions and comments from readers.

The latest news and notes from around the NBA on Saturday evening:

• Dave McMenamin of ESPNLosAngeles.com wonders whether the Lakers are on the same page as head coach Mike D'Antoni.
• Bill Plaschke of the Los Angeles Times writes that late owner Jerry Buss' legacy will be felt for years to come.
• Steve Kyler of HoopsWorld tweets that the Kings explored trades for Aaron Brooks before the trade deadline but ultimately bought him out instead.
• Paul Coro of the Arizona Republic examines the bond between brothers Markieff and Marcus Morris, newly teammates on the Suns.
• Steve Simmons of the Toronto Sun wonders whether the Raptors will extend GM Bryan Colangelo's contract.
• Keith Langolis of Pistons.com praises the Pistons' new backcourt of Jose Calderon and Brandon Knight.
• Vincent Goodwill of the Detroit News writes that Knight is committed to fitting into Lawrence Frank's system.

Alex Kennedy of HoopsWorld says that last week's quiet deadline could lead to a noisy offseason this year, with quite a handful of those who were rumored to be moved set to hit free agency. Kennedy provides a list of this summer's top 20 free agents along with a primer of each player's situation to boot. One interesting situation involves Oklahoma City's Kevin Martin, who has already been given the impression that the Thunder would like to keep him for the long-term. However, Kennedy opines that a strong post-season could increase the shooting guard's stock to the point where Oklahoma City may have to let him go - as they did with James Harden - if his price tag becomes too high. Here are a few more tidbits we've gathered up from the NBA this evening:

• The Pistons figure to have the task of re-signing Jose Calderon as one of their top priorities this summer, writes David Mayo of MLive.com. However, Mayo thinks that the team's lack of practice time has hindered Calderon's efforts in trying to become acclimated in Detroit. 
• Channing Frye discusses the mental toughness he's developed as he continues to sit out from a heart ailment that caused him to miss the season (Stefan Swiat of Suns.com). 
• While the Lakers' regular season has been disappointing so far to say the least, Steve Nash tells Sam Amick of USA Today that if given the opportunity to revisit last year's offseason: "Ten out of ten times, I make the same decision again." Nash's agent, Bill Duffy, thinks that the point guard would have considered retirement if they were unable to get a deal to Los Angeles done. 
• Don't expect anyone from the Magic roster to shake free anytime soon, as Josh Robbins of the Orlando Sentinel (via Twitter) says that the team isn't planning to buy out or waive anyone before the March 1st buyout deadline.
• Newly acquired Tobias Harris offered his thoughts on being traded to the Magic and the opportunity that lies ahead for him on a young team looking to build for the future (Steve Kyler of HoopsWorld reports). 
• Current ESPN analyst and former NBA head coach Flip Saunders remains open to coaching again, whether it be in the NBA or the college ranks, writes Kent Youngblood of the Star Tribune: "I'm keeping my options open...If the right situation comes along? I'll evaluate that. I want to be able to build something, want to go to a place where something can be accomplished.''
• D-League standout Henry Sims of the Erie Bayhawks could be given a chance to join the Knicks depending on how Kenyon Martin fares during his 10-day contract, notes ESPN New York's Jared Zwerling. One NBA scout thinks that Sims has played well enough to be on an NBA roster next season at the very least.

As we continue counting down the days to next week's trade deadline, let's catch up on a few odds and ends from around the NBA:

• Asked about the trade deadline during an appearance on KBME in Houston, Jeremy Lin said he loves the current Rockets players, though he "definitely" wouldn't be averse to a deal that makes the team better (link via Chris Fedor of Sports Radio Interviews).
• Dale Kasler of the Sacramento Bee has the latest details on the Kings sale, reporting that the Maloofs have given bankruptcy trustee David Flemmer some of the documents regarding the sale of the team to the Seattle group.
• In their weekly Insider-only draft piece for ESPN.com, Chad Ford and Jay Bilas take a look at the nation's best mid-major prospects.
• Kevin Pelton also has a new Insider-only piece up at ESPN.com, in which he examines potential buy-low opportunities on the trade market. Pelton's list includes Andrea Bargnani, DeJuan Blair, and Derrick Williams, three players we've profiled in our trade candidate series.
• Jose Calderon spoke to Shams Charania of RealGM.com about adjusting to life with the Pistons, adding that he can envision himself in Detroit long-term.
• ESPN.com's 5-on-5 panel weighs in on whether a number of trade candidates, including Carlos Boozer, Zach Randolph, and Iman Shumpert, should be moved.