Draft Notes: Sleepers, Bobcats, Hornets, Wayns

With just over three weeks remaining until draft day, ESPN.com's Fran Fraschilla (Insider link) identifies five prospects he feels are undervalued: Terrence Ross, Jared Cunningham, Andrew Nicholson, Royce White, and Moe Harkless. With a number of workouts, interviews, and trades still to come, there's plenty of time for players' stocks to fluctuate dramatically in the coming weeks, so there's no guarantee those five players will stay undervalued for long. As we count down the days until June 28th, let's check in on a few of today's other draft updates….

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Offseason Outlook: Los Angeles Clippers

Guaranteed Contracts

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Pacific Notes: Bynum, Clippers, Suns, Warriors

It's been an eventful 24 hours in the Pacific Division, with Clippers GM Neil Olshey bolting for Portland and the Lakers officially locking Andrew Bynum into the final year of his contract. Let's round up a few notes on the fallout of those decisions, along with the rest of the Tuesday morning updates out of the Pacific….

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Kyler On Draft, Olshey, Harden, Celtics

While most mock drafters simply forecast the first 30 picks, Steve Kyler of HoopsWorld doesn't stop after the first round — in his latest mock, he predicts all 60 selections, from Anthony Davis at No. 1 to Kris Joseph at No. 60. He also shares a few more items of interest in his NBA AM column and via Twitter. Here are a few highlights:

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Notable Outstanding Option Decisions

The Lakers officially exercised their option on Andrew Bynum yesterday, locking him up for the final year of his contract. Bynum's isn't the first option decision of the year — Beno Udrih has picked up his 2012/13 player option, while Dwight Howard famously waived his early termination option earlier in the season. Over the next few weeks, we'll hear about even more team, player, and early termination options, as teams prepare for the July free agency period. Listed below are a few key decisions to watch in the coming weeks….

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Clippers Optimistic About Extending Blake Griffin

In spite of Neil Olshey's departure, the Clippers are still confident in their chances of signing Blake Griffin to a long-term contract extension. Sources tells ESPN.com's Marc Stein that the absence of Olshey, who accepted the Trail Blazers' GM job, will have "no significant impact" on negotiations with Griffin. According to Stein, the Clips continue to believe that Griffin will sign a long-term extension this offseason rather than hitting restricted free agency next summer.

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Odds & Ends: Bucks, Grizzlies, Gay, Wizards, Suns

The Bucks may be in need of a big man following their trade of Andrew Bogut to the Warriors, but Milwaukee is also taking a hard look at the guards in this year's draft, writes Charles F. Gardner of the Journal-Sentinel.  While the club is expected to target size with their No. 12 pick, they could go after a guard with size at No. 42 in support of Brandon Jennings and Monta Ellis.  Marquette's Darius Johnson-Odom and Wisconsin's Jordan Taylor were among those auditioned yesterday.  Here's a look at tonight's links..

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Atlantic Notes: Knicks, Anthony, Nets, Humphries

Earlier this week, we learned that the Suns believe that their three biggest competitors for Steve Nash are out of the Atlantic Division: the Knicks, Nets, and Raptors.  However, a piece of news today from Knicks coach Mike Woodson might indicate that they're not going to be the players for Nash that the Suns are expecting.  Here's the latest from Madison Square Garden and the rest of the Atlantic..

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GM Olshey To Leave Clippers, Join Blazers

9:12pm: Olshey's deal is for three years with a team option for a fourth, according to Chris Haynes of CSNNW.com.  According to sources, the Clippers were willing to match the offer but Olshey ultimately decided to take the Blazers job.

7:12pm: The Clippers announced that they have mutually agreed to part ways with General Manager Neil Olshey.  Olshey will now take over as the GM of the Trail Blazers, a source confirmed to David Aldridge of TNT (via Twitter). 

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Olshey Fallout: Canales, Blazers, Buchanan, Clips

Just days after announcing a new deal with General Manager Neil Olshey, the Clippers announced today that the two sides mutally agreed to part ways.  Mere minutes later, news broke that Olshey had reached an agreement to become the next GM of the Trail Blazers.  Here are the latest reactions and fallout from today's shocking news..

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