Trail Blazers Buy Out Shawne Williams

JULY 11, 9:16pm: The Blazers have placed Williams on waivers, the team announced via Twitter. Teams will now have a week to place a claim on him before he becomes an unrestricted free agent.  

JULY 6, 1:33pm: The Trail Blazers have reached an agreement to buy out the final year of Shawne Williams' contract, tweets SI.com's Sam Amick. Williams, who exercised his player option for 2012/13, was slated to earn $3.135MM in the coming season.

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Rockets Consider Using Amnesty On Luis Scola

While an earlier report suggested the Rockets are trying to trade Luis Scola to clear space for a Dwight Howard deal, Jonathan Feigen of the Houston Chronicle says the team is considering using the amnesty clause on him, likely within the next 48 hours. Scola is set to make close to $8.6MM next year, and has another guaranteed year worth $10.2MM after that. He also has a non-guaranteed $11MM season tacked on the end of his deal.

Trade talks between the Magic and the Rockets grew "serious" Wednesday before the Magic backed off, Feigen writes. The Rockets will be careful to preserve assets conducive to a deal as they pursue free agents like Aaron Brooks and others.

Pacers Seeking Sign-And-Trade For D.J. Augustin

8:43pm: Rick Bonnell tweets that a trade sending Augustin to the Pacers is unlikely, while Conrad Brunner of Fox Sports Indiana wonders, via Twitter, if Tyler Hansbrough might be part of such a deal.

7:41pm: The Pacers are pursuing a trade with the Bobcats for restricted free agent point guard D.J. Augustin, according to Adrian Wojnarowski of Yahoo! Sports. Indiana has considered simply tendering Augustin an offer sheet, but prefer to make a trade, according to Wojnarowski (Twitter links). The Pacers just agreed to take on Ian Mahinmi in a sign-and-trade that sent out Dahntay Jones and Darren Collison.

The Pacers agreed to a five-year, $40MM deal with George Hill already this month, so unless they decide to go small, either Hill or Augustin would come off the bench. The Pacers have apparently had their eyes on Augustin for a while, as Mike Wells of the Indianapolis Star says they tried to acquire him as part of a deal that included T.J. Ford a couple of years ago (Twitter links).

Nets Sign Brook Lopez To Four-Year Extension

8:33pm: Howard Beck of the New York Times has the details on Lopez's contract, which includes a player option in the fourth year. Lopez will get $13.668MM for the coming season, $14.694MM in 2013/14, $15.719MM in 2014/15 and, the option is for $16.774MM in 2015/16. (Twitter links)

7:47pm: The Nets have announced the contract is official, via Twitter.

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Nets Acquire Reggie Evans Via Sign-And-Trade

JULY 11, 7:12pm: The move is now official, according to the Nets (Twitter link).

JULY 3, 3:53pm: The second-round pick heading to the Clippers will likely be for 2017 or 2018, tweets Howard Beck of the New York Times.

3:02pm: The Nets have reached a sign-and-trade agreement with the Clippers for Reggie Evans, according to Adrian Wojnarowski of Yahoo! Sports (via Twitter). SI.com's Sam Amick reports (via Twitter) that the Nets will send a future second-rounder to the Clippers.

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Sixers Amnesty Elton Brand

JULY 11, 7:00pm: The Sixers have officially used the amnesty clause on Brand, David Aldridge of TNT reports (Twitter link). Teams can submit bids for Brand over the course of the next week for either his full $18.16MM salary or a portion of it. John Hollinger of ESPN.com says the Mavs are likely to make a bid, and can do so for up to $9.2MM (Twitter link).

JULY 6, 11:12am: The Mavericks are one under-the-cap team that will have interest in Brand, tweets ESPN.com's Marc Stein. David Aldridge of TNT tweets that the Nets will be interested as well, but they wouldn't have a shot at the power forward unless he clears waivers.

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Spurs Re-Sign Danny Green

WEDNESDAY, 5:55pm: The signing is now official, the team has announced.

MONDAY, 7:22pm: Free agent Danny Green has agreed to return to the Spurs on a three-year, $12MM deal, a source tells Sam Amick of Sports Illustrated (via Twitter).  The pact is completely guaranteed, a source tells Marc J. Spears of Yahoo Sports (Twitter link).

Agent Billy Duffy told Mike Monroe of the San Antonio Express-News (via Twitter) that while there were other suitors for the forward, he didn't pursue them strongly as his client wanted to return to the Spurs.  The 25-year-old started in 38 games for San Antonio last season, averaging 9.1 PPG and 3.5 RPG.

Hawks, Jazz Swap Marvin Williams, Devin Harris

JULY 11, 5:46pm: The deal is now official, tweets Brian T. Smith of The Salt Lake Tribune.

JULY 2, 6:10pm: The Hawks and Jazz have agreed to deal Marvin Williams for Devin Harris, reports Marc Stein of ESPN.com. It's the second deal of the day for new Hawks GM Danny Ferry, who agreed to ship Joe Johnson to the Nets earlier.

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Nets, Hawks Finalize Joe Johnson Deal

JULY 11, 5:03pm: The deal is now official, according to a press release by the Nets.

JULY 11, 4:40pm: Nets GM Billy King posted "Welcome Joe Johnson" on his Twitter account, presumably meaning the trade has been finalized.

JULY 2, 4:51pm: DeShawn Stevenson's sign-and-trade deal that puts him on the Hawks is for three years and $6.9MM, but only the first year, at $2.3MM, is guaranteed, Chad Ford of ESPN.com reports via Twitter

4:39pm: Wojnarowski now says the deal likely happens regardless of where Deron Williams signs (Twitter link).

4:18pm: The Nets and Hawks have agreed to terms on a trade that would send Joe Johnson to Brooklyn, tweets Chris Broussard of ESPN.com, who says the deal is contingent on Deron Williams agreeing to return to the Nets. However, David Aldridge of TNT says the Nets would agree to the deal regardless of Williams' status (Twitter link). Broussard adds that the deal would put the Nets out of the running of Dwight Howard, as it wouldn't leave enough cap room.

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Cavaliers Re-Sign Luke Harangody

JULY 11, 4:56pm: The Cavs and Harangody have made the signing official, according to Jason Lloyd of the Akron Beacon Journal (Twitter link).

JULY 3, 9:29pm: Cavaliers forward Luke Harangody signed his $1.1MM qualifying offer to stay with the team, tweets Yahoo! Sports columnist Adrian Wojnarowski. In 21 games last season, the 24-year-old averaged 2.9PPG and 2.5RPG. Harangody was acquired by the Cavaliers in a trade from Boston at last year's trade deadline.