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). 

Odds & Ends: Nets, Villanueva, Warriors, Bulls

As busy as the Nets have been so far this month, we haven't heard much out of majority owner Mikhail Prokhorov. That changed today, however, as Prokhorov released an official statement discussing the team's offseason:

"I'm thrilled with the way our team has come together. My congratulations and appreciation go out to general manager Billy King, assistant general manager Bobby Marks and head coach Avery Johnson for their tenacity, nerve and heart throughout this process. With the re-signing of Deron Williams and the trade for Joe Johnson, we go into our new home led by an All-Star backcourt and with every hope of a great season for the Brooklyn Nets. I can't wait until opening night."

While Prokhorov starts counting down the days until opening night, we'll round up the rest of the morning's odds and ends right here:

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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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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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Hornets Acquire Ryan Anderson In Sign-And-Trade

WEDNESDAY, 10:40am: The Magic have officially announced the completion of the Anderson/Ayon sign-and-trade in a press release.

SUNDAY, 3:21pm: The Hornets will acquire Ryan Anderson in a sign-and-trade deal with the Magic, writes Yahoo! Sports columnist Adrian Wojnarowski. Once the moratorium ends, Anderson will agree to a four-year, $36MM deal with New Orleans, and the Magic will receive Hornets center Gustavo Ayon

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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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Ryan Anderson Likely Won’t Re-Sign With Magic

2:47pm: In a tweet from Yahoo! Sports columnist Adrian Wojnarowski, Anderson's contract will be four years, approximately $36MM. Also, according to ESPN.com's Marc Stein, the trade for Anderson is not expected to interfere with New Orleans decision on whether or not they'll match the Suns offer sheet with Eric Gordon. But it does affect the futures of Chris Kaman and Carl Landry, two big men who played for the Hornets last season who are almost certain to find a new team shortly. 

2:10pm: According to a tweet from the Orlando Sentinel's Josh Robbins, the Magic are discussing a sign-and-trade deal with the Hornets centered around Ryan Anderson. Also, in a tweet from the New Orleans Time-Picayune's Jimmy Smith, the deal is close to being done, and involves current Hornets big man Gustavo Ayon

1:29pm: Magic forward Ryan Anderson likely won't re-sign with the Magic, and will be dealt in a sign-and-trade, according to a tweet from Yahoo! Sports columnist Adrian Wojnarowski. Anderson is currently a restricted free agent. The Kings have reportedly been extremely interested in the sharp shooting forward's services, with hopes of playing him at the small forward position. 

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Lawrence On Bird, Hibbert, Gordon, Brooks

Larry Bird was leaning toward a return as Pacers president, former Celtics teammates tell Mitch Lawrence of the New York Daily News, until owner Herb Simon nixed the idea of adding a scorer to the team during a meeting with Bird in late June, shortly before Bird resigned June 26th. Bird was considering an offer for Eric Gordon, Lawrence writes, but Simon, who has a net worth of $1.8 billion, doesn't want to pay the luxury tax. Though Indiana has only about $36MM in guaranteed salaries for next season, the Pacers likely couldn't have brought aboard Gordon, who's signed an offer sheet with the Suns for the maximum four years and $58MM, and retained all their free agents without becoming a tax team. Bird's concerns about his shoulder and back were also reasons he stepped down, but the 55-year-old NBA legend left the door open for a return to another team's front office. Lawrence has more from around the league, and we've got the highlights here:

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Eric Gordon Unhappy With Hornets

Shortly after receiving an offer sheet from the Suns and flatly stating that his "heart is in Phoenix," free agent Eric Gordon expanded on those comments while speaking with reporters today.  The two-guard says that he will play in New Orleans if the club matches the four-year, $58MM offer sheet but won't be happy about it, writes Jimmy Smith of the The Times-Picayune.

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Free Agent Rumors: Redd, Camby, Stiemsma

Brandon Roy, Jason Kidd, and Jamal Crawford were among the players to reach agreements with new clubs yesterday, while Nicolas Batum and Jeremy Lin agreed to lucrative offer sheets that their current teams are expected to match. What will Friday bring? Here are the latest rumors on a number of free agents still on the market:

Earlier updates:

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