Jameer Nelson Opts Out Of Contract

10:38pm: Josh Robbins of the Orlando Sentinel spoke with Nelson, who explained his decision.

"I would love to re-sign with Orlando," Nelson said. "I would love to. I have to make the best decision — what's best for myself and my family. But I want to continue to be a Magic player and be affiliated with the organization and the DeVos family and everything they're about."

6:51pm: Jameer Nelson has informed the Magic he's turning down his option for next season and will become an unrestricted free agent, Brian Schmitz of the Orlando Sentinel tweets. Nelson was in line to make $7.6MM in the final season of a five-year deal. Nelson joins a crowded class of veteran unrestricted free agent points that includes Deron Williams, Steve Nash and Chauncey Billups, among others.

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Reaction To Lamar Odom/Mo Williams Trade

Lamar Odom is finally heading back to Los Angeles after a lost year in Dallas, as the Mavericks, Clippers, Jazz and Rockets finalized a four-team deal that makes Odom a Clipper and Mo Williams a part of a crowded backcourt in Utah. There's plenty of reaction to the trade, including its effect on the Mavs and their pursuit of major free agents. As Eric Pincus of HoopsWorld notes, the Mavs can only use the $8.9MM trade exception they got in the deal if they don't want to renounce the rights to some of their own free agents and go under the salary cap, which they'd have to do to sign Deron Williams or another big-time target from a different team. If the Mavs don't land a major free agent, they can go over the cap to sign their own guys and use the trade exception to swing a deal for another player who can help. Here's the rest of what NBA writers are saying about the trade:

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Jazz To Retain DeMarre Carroll, Jamaal Tinsley

8:48pm: The Jazz will pick up its option on Tinsley, Smith confirms (Twitter link).

7:33pm: Smith tweets that the Jazz will pick up Tinsley's option, while Kennedy says via Twitter that the situation is now uncertain despite the team having told Tinsley earlier today that they would decline the option. The two sides will speak tonight, according to Kennedy.

7:29pm: The Jazz will retain forward DeMarre Carroll, tweets Brian T. Smith of The Salt Lake Tribune, while HoopsWorld's Alex Kennedy tweets that the Jazz will turn down its $1.35MM option on point guard Jamaal Tinsley. Smith refers to the Carroll move as the team picking up an option, but Carroll's contract was actually non-guaranteed for next season. In any case, the Jazz will have Carroll at the minimum $885,120 for 2012/13.

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Blazers Don’t Give Qualifying Offer To J.J. Hickson

We're rounding up today's news on teams tendering qualifying offers here, but there's also news of a notable player who won't get one. Jason Quick of The Oregonian reports the Blazers will not tender a qualifying offer to J.J. Hickson (Twitter link). The offer would likely have been for $4,385,416. Hickson is now an unrestricted free agent, and GM Neil Olshey says the Blazers are open to negotiating with him come July 1, Quick says.

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Odom To Clips, Williams To Jazz In 4-Team Deal

The four-team deal between the Jazz, Mavericks, Clippers and Rockets that sends Lamar Odom to the Clippers and Mo Williams to Utah has been finalized, according to a release by the Mavs.

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League, Union Reach Bird Rights Settlement

The league and the National Basketball Players Association have reached a settlement that will extend Bird rights to four players claimed off waivers this season, but will limit the retention of Bird rights for players claimed off waivers in the future, according to Howard Beck of The New York Times (Twitter links). From now on, full Bird rights will only be retained if the player is claimed off amnesty waivers. Otherwise, such players will retain only early Bird rights (Twitter links).

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Mavs, Clippers, Jazz Agree To Odom Deal

FRIDAY, 6:17pm: The deal, which could become official later today, will also involve the Rockets, who'll receive Furkan Aldemir, taken 53rd by the Clippers in Thursday's draft, writes Broderick Turner of the Los Angeles Times. The Rockets will send cash to the Mavs, tweets fellow Los Angeles Times writer Brad Turner.

FRIDAY, 5:32pm: The Mavericks and Odom have agreed to extend the deadline to fully guarantee Odom's contract by one day, until tomorrow, so that the trade can be finalized, according to Marc Stein of ESPN.com. Ken Berger of CBSSports.com says "only paperwork" is left to be done before the deal is official (Twitter links).  

4:43pm: Williams has agreed to join the Jazz, a source tells Brian T. Smith of The Salt Lake Tribune (via Twitter).

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LaMarcus Aldridge Out Of Olympics

LaMarcus Aldridge is a no-go for the Olympics as he recovers from right hip surgery, Chris Haynes of CSNNW.com reports. Aldridge is the third player in the past two days to withdraw from Team USA because of injury, joining Chris Bosh, who pulled out today, and Dwyane Wade, who declined his invitation yesterday

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Hawks Looking To Trade Without Paying Tax

Newly-appointed Hawks GM Danny Ferry will have to put together a team for next season without much financial flexibility.  Atlanta doesn't want to venture into luxury tax territory, but that won't deter Ferry from making upgrades to the roster via trade, writes Michael Cunningham of the Atlanta Journal-Constitution.

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Odds & Ends: Deng, Batum, Jennings, Warriors

Eight years ago today, the Rockets made one of the biggest trades in team history, sending Steve Francis, Cuttino Mobley, and Kelvin Cato to the Magic in exchange for Tracy McGrady, Juwan Howard, Tyronn Lue, and Reece Gaines. GM Daryl Morey and the Rockets may have been looking to make a similarly big splash this June, but draft day came and went without a major trade from Houston. Still, if nothing else, the Rockets accumulated a ton of talent Thursday night, drafting Jeremy Lamb, Royce White, and Terrence Jones with their three first-round picks.

Here are a few more Friday afternoon odds and ends from around the NBA:

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