Dwight Howard Rumors: Tuesday

The Dwight Howard rumor mill was in full swing on Monday, as we needed multiple posts to round up all of the day's rumblings. I recapped the Monday highlights right here, including the framework of a possible four-team deal, but things continue to evolve quickly. So let's follow along with Tuesday's updates, which we'll add to the top of this page throughout the day….

  • As Marc Stein suggested (below), the Rockets have remained "strongly engaged" with the Magic on direct talks for Howard and haven't spent much time on three-team scenarios, tweets Adrian Wojnarowski of Yahoo! Sports.

Earlier updates:

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Free Agent Rumors: Flynn, Heat, Mahinmi

We're less than 14 hours away from the July moratorium coming to an end and this season's signing period beginning in earnest. As of 11:00pm central time tonight, teams can officially sign free agents, trades can be consummated, and players can sign contract extensions. In the meantime, free agents have one more day to try to reach contract agreements before clubs start finalizing the moves they've agreed to over the last week and a half. We'll track today's rumors on free agents here, with the newest updates up top:

  • Jonny Flynn has worked out for the Hawks and will visit the Bulls on Friday, tweets Marc J. Spears of Yahoo! Sports. Count the Cavs as another team interested in the point guard's services.
  • Look for the Heat to add a minimum-scale big man, such as Kwame Brown or Joel Przybilla, as they finish up their offseason spending, tweets Ira Winderman of the South Florida Sun Sentinel. 
  • Gery Woelfel of the Racine Journal Times (Twitter link) hears from NBA officials that the Bucks have some interest in Ian Mahinmi.

Earlier updates:

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Offer Sheets To Watch

Restricted free agents that have agreed to sign offer sheets with new teams can begin doing so as soon as 11:00pm CST tonight. When a player officially signs an offer sheet, his old team has a three-day window to decide whether or not to match it and bring him back.

When a player formally signs an offer sheet, it means only two options are in play for him: He either ends up on the team whose offer he signed, or returns to his old club. Sign-and-trades are no longer an option. So, for restricted free agents like Eric Gordon and Nicolas Batum, who seem to prefer to change teams, it may be worthwhile to explore sign-and-trade possibilities once more before locking into those offer sheets and putting their futures in the hands of the Hornets and Trail Blazers, respectively.

Here are a few restricted free agents that reportedly agreed to sign offer sheets whose situations are worth keeping an eye on:

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Free Agent Rumors: Wallace, Grizzlies, Fisher

We're into the home stretch of the July moratorium, and it won't be long before all the moves that have been agreed upon in the last week are made official. In the meantime, teams have two more days to prepare for the next stage of free agency, and the rumors continue to swirl. You can track all of the contract agreements to date using our Free Agent Tracker, and you can follow many of today's free agent rumors right here, with the latest up top….

  • There's a "pretty good chance" that Ben Wallace will return to the Pistons next season, a source tells Vincent Goodwill of The Detroit News.
  • A source told The Commercial Appeal (via Twitter) that it's unlikely that the Grizzlies will sign Russian guard Alexey Shved.  Shved allegedly received offers from the Grizzlies, Cavs, and T'Wolves.
  • However, the Grizzlies are working to bring veteran guard Willie Green to Memphis, The Commercial Appeal tweets.  The soon-to-be 31-year-old averaged 7.6 PPG last year for the Hawks.

Earlier updates:

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Blazers Notes: Leonard, Batum, Barton

Earlier today, Portland General Manager Neil Olshey disclosed that he plans to move from the free agent market to the trade market as it appears that Roy Hibbert will be staying put in Indiana.  Here's more on the Blazers..

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Dwight Howard Rumors: Monday Night

The Magic and Nets are reportedly working to put together a multi-team deal that will send Dwight Howard to Brooklyn.  The Cavaliers and Clippers could be a part of the mega-trade but nothing has been cemented yet and other clubs could be roped in to make the swap a reality.  Here's the latest on D12 and the Magic..

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Knicks Acquire Marcus Camby Via Sign-And-Trade

WEDNESDAY, 1:44pm: The Knicks and Rockets have officially completed the sign-and-trade that will send Camby to New York, the Knicks announced in a press release.

MONDAY, 6:47pm: The Knicks will acquire Marcus Camby from the Rockets via sign-and-trade in a deal sending Toney Douglas, Josh Harrellson, Jerome Jordan, and draft picks, sources told Wojnarowski (Twitter link).  Camby's deal will be a three-year pact worth $13.2MM with the final year partially guaranteed, according to Wojnarowski (Twitter links).  The big man will make $10MM in the first two seasons and $3.2MM in the final year, if he stays on.

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Free Agent Rumors: Lucas, Camby, Lewis

Jeff Green reached an agreement to remain with the Celtics on Saturday, while Aaron Brooks became an unrestricted free agent after the Suns withdrew their qualifying offer to the guard. What will Sunday bring? Here are the latest rumors on a number of free agents still on the market:

Earlier updates:

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Mavericks, Cavaliers, Rockets May Interest Bynum

Yahoo's Adrian Wojnarowski tweets that the Mavericks and Cavaliers are teams with cap space that could interest Andrew Bynum during his pending free agency in 2013. He also mentions the Rockets as another potential suitor. The Lakers recently exercised Bynum's $16.1MM team option for the 2012-13 season, and the 24-year-old center is currently slated to become a free agent next summer. 

Odds & Ends: Magic, Beasley, Rockets, Cousins

The Celtics have had a mixed bag of an offseason thus far as they've managed to retain major pieces such as Kevin Garnett and Jeff Green, but lost Ray Allen last week to the Heat. The latest news out of Boston makes the Jason Terry signing look even more important as Avery Bradley is expected to miss the start of the season as he undergoes surgery on his right shoulder later this week. While he could be back shortly after the season begins, the young guard will miss training camp and could be out until mid-December, writes Steve Bulpett of the Boston Herald. Let's check in around the league to catch up on the latest news and stories making headlines…

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