Magic Suspend Dwight Howard Trade Talks

9:38pm: A compelling reason the Rockets, Warriors and Hawks may take on Howard without knowing whether he'll re-sign is the possibility of flipping him to the Nets, says Chris Mannix of SI.com (Twitter links). The Rockets' continued pursuit of Howard has no bearing on their offer sheet to Omer Asik, K.C. Johnson of the Chicago Tribune hears (Twitter link). 

3:55pm: While the Magic appear to be putting Howard talks on the backburner for now, a source tells Ken Berger of CBSSports.com that Orlando would listen if the Nets (and presumably any other team) came forward with new proposals.

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Warriors Acquire Jarrett Jack; Wright To Sixers

9:26pm: The deal has been finalized, according to a press release by the Warriors. The Warriors receive Jack from New Orleans, the Sixers receive Wright from Golden State and center Darryl Watkins from New Orleans, and the Hornets receive the rights to Bavcic from Philadelphia.  

2:35pm: Marcus Thompson of the Bay Area News Group reports that the deal is getting close, but cautions that it's "fragile" and could fall apart. Still, Jack himself seems to acknowledge he'll be moved, tweeting: "Well new Orleans it's been real like to thank all the fans u treated me great during my time as a hornet. ‪#movingon."

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Bulls Waive C.J. Watson

Faced with a decision on his 2012/13 contract, the Bulls officially waived C.J. Watson last night, tweets Alex Kennedy of HoopsWorld. The move clears Watson from the team's books for the coming season, assuring that they won't have to pay his $3.2MM salary.

If another team is willing to take on Watson's $3.2MM figure, he can be claimed off waivers. However, it's more likely that the 28-year-old guard will clear waivers and become an unrestricted free agent, able to sign with any team. Marcus Thompson of the Bay Area News Group believes Watson could be a fit for the Warriors.

The Bulls also parted ways with Ronnie Brewer, and are still deciding whether to retain Kyle Korver.

Latest On Jordan Hill

Unrestricted free agent Jordan Hill has not yet made his decision about where to sign, Jerry Zgoda of the Star Tribune reports via Twitter, despite Hill's cryptic tweet last night that seemed to indicate otherwise. There's no apparent timetable for a decision, as an agreement could be reached as early as tonight or a few weeks from now, Zgoda tweets.

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Warriors Sign Festus Ezeli

The Warriors have officially signed Festus Ezeli to a rookie contract, the team announced today in a press release. The rookie scale amount for the 30th overall pick is $850,800, so Ezeli is eligible to sign for up to 120% of that amount ($1,020,960).

Ezeli is the second of the Warriors' two first-rounders to sign, as the team announced earlier this week that it had locked up seventh-overall pick Harrison Barnes.

Free Agent Rumors: Jamison, Sessions, Lewis

Five days into free agency, a number of big names, such as Deron Williams, Kevin Garnett, Jason Kidd and Steve Nash, are off the market. But there are still plenty of players out there looking for contracts. We'll wrap up many of today's free agent updates right here, with the latest items added to the top of the page throughout the day….

  • Antawn Jamison had dinner in Charlotte with Bobcats executives Rod Higgins and Rich Cho, writes Marc J. Spears of Yahoo! Sports (Twitter links). The former UNC star has also been talking to Warriors general manager Bob Myers, Jamison's former agent, and will chat with head coach Mark Jackson in the near future.
  • The Mavericks have reached out to Ramon Sessions for a second time and pitched a starting job to the veteran point guard, writes Jeff Caplan of ESPNDallas.com
  • Rashard Lewis will visit the Heat this weekend after having his contract bought out by the Hornets, reports David Aldridge of NBA.com (Twitter links). The Hawks and the Knicks are among other teams interested in the veteran forward. 

Earlier updates:

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Free Agent Rumors: Mavs, Dragic, Orton, Blazers

Day 3 of NBA free agency is underway, and the July free agent period hasn't lacked for action so far. We'll use this space to track a number of updates on second- and third-tier free agents as the day continues. Here's the latest:

Earlier updates:

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Warriors Want Second Meeting With Brandon Roy

The Warriors met with Brandon Roy on Sunday and are seriously interested in signing him, but they're concerned with both his health and price tag, writes Contra Costa Times reporter Marcus Thompson II. At one time, Roy was represented by current Warriors GM Bob Myers.

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Dwight Howard Rumors: Monday

The first day of free agency was a busy one on the Dwight Howard front, as reports suggested D12 was upset with the Magic and that Orlando was discussing potential trades with the Lakers, Nets, and Rockets. Howard denied saying that the Magic "blackmailed" him and told Jarrod Rudolph of RealGM.com that he was tired of hearing reports cite unnamed sources when discussing his situation, but also said he'd only re-sign with one team if he were traded — presumably the Nets. We'll track the latest on Howard throughout the day, with the latest updates on top of the page:

Earlier updates:

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