Contract Details: Novak, Green, Miller, Thompson

While most players' contracts include annual raises, or at the very least, identical annual salaries, Steve Novak's new contract with the Knicks is a little different, as Mark Deeks of ShamSports explains (Twitter link). Novak's deal starts at a little over $4MM, dips to below $3.5MM by 2014/15, then rises back up to $3.75MM for 2015/16. The unusual structure of the deal provides the Knicks a small amount of savings in the years when the rest of the team's roster will get extremely expensive.

Deeks shared a number of other contract details from around the league, via Twitter, so let's round them up….

  • The Spurs' deal with Danny Green is for three fully-guaranteed years and $11,287,500, with no options.
  • Andre Miller will earn $5MM in each of the next two seasons with the Nuggets. The third year of his deal is partially guaranteed for $2MM of $4.625MM.

Earlier updates:

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Clippers Sign Jamal Crawford, Chauncey Billups

JULY 13TH, 3:55pm: The Clippers have officially signed Billups, according to a release from the team.

JULY 11TH, 5:25pm: The Clippers have officially signed Crawford, reports Broderick Turner of the Los Angeles Times (Twitter link).

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Hornets, Clippers Talk Belinelli Sign-And-Trade

The Clippers have interest in Marco Belinelli, but having already committed their full mid-level exception to Jamal Crawford, don't have a ton of cap flexibility to sign him. As such, the Clips have discussed the possibility of a sign-and-trade deal with the Hornets, as we heard from ESPNLosAngeles.com's Ramona Shelburne earlier this week. However, according to John Reid of the Times Picayune, the Hornets aren't interested in L.A.'s offer of Ryan Gomes and a second-round pick.

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Griffin Injured During Team USA Scrimmage, Davis Recalled

10:15pm: Broderick Turner of the Los Angeles Times reports that the injury is a meniscal tear that will require arthroscopic surgery. 

9:15pm: Yahoo's Marc J. Spears says that although Blake is done with the Olympics, he should be ready for training camp (Twitter link). 

4:32pm: Adrian Wojnarowski of Yahoo Sports tweeted earlier that Blake Griffin hurt his knee during a scrimmage with Team USA and will return to Los Angeles for further examination by team doctors. Just yesterday, Griffin signed a five-year maximum extension to remain with the Clippers. 

Team USA officials have summoned Anthony Davis back to Las Vegas immediately to fill in as Griffin's replacement, according to Wojnarowski (via Twitter). 

Kyler On Calderon, Howard, Blair, Augustin

Jose Calderon's name has surfaced as a possible amnesty candidate a few times this offseason, but according to Raptors president Bryan Colangelo, the team doesn't expect to amnesty Calderon or anyone else this week. While Colangelo acknowledged that Calderon wasn't "thrilled" about the trade that brought Kyle Lowry to Toronto, he still views him as a valuable piece on the roster, as Eric Koreen of the National Post writes. Colangelo confirmed that a few teams have inquired on Calderon, and Steve Kyler of HoopsWorld writes that a trade is much more likely than an amnesty. Here are a few more notes from Kyler's HoopsWorld piece:

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Free Agent Rumors: Nets, Pacers, Green

The July moratorium came to an end late last night, and a number of teams didn't waste any time in finalizing moves. The Lakers' acquisition of Steve Nash was the first transaction to become official, followed closely by the Knicks' signing of J.R. Smith, Deron Williams' contract with the Nets, and Blake Griffin's five-year extension with the Clippers. We're expecting more deals to be formally announced today, but there are plenty of free agents still on the market too. We'll be tracking the latest news on those guys right here, with the newest items added to the top of the page throughout the day….

Earlier updates:

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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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Griffin Signs Five-Year Extension With Clippers

WEDNESDAY, 1:08am: The Clippers announced in a press release that Griffin has officially signed his contract extension. The deal will pay the forward the maximum salary allowed by the CBA.

TUESDAY, 11:34pm: Griffin's five-year deal will have an opt-out after year four, tweets ESPN.com's Marc Stein.

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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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Latest On Four-Team Dwight Howard Talks

We've still got plenty of time left in the day, and our round-up of Dwight Howard rumors for Monday is already getting a little too lengthy. So rather than keep tacking on more details to it, let's round up what we know so far right here.

According to various reports, the Magic and Nets have engaged the Cavaliers and Clippers in talks to facilitate a deal involving Howard. There are a lot of moving parts, but the framework of the proposed deal looks something like this:

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