Odds & Ends: Spurs, Perkins, Fields

The Spurs were two wins away from an NBA Finals appearance this year, and while some fans may be alarmed that the team fell short of a Finals berth after going 50-16, R.C. Buford explained why there's little need to panic (Jeff McDonald of SpursNation reports). Along with the re-signing of Tim Duncan, Danny Green, Boris Diaw, the team announced the additon of point guard prospect Nando De Colo and appear to be excited at the continued development of Kawhi Leonard. Here's the rest of what we've heard tonight out of the Association..

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Knicks Sign Jason Kidd

JULY 12TH, 2:25pm: The Knicks have officially signed Kidd, the team announced in a press release.

JULY 5TH, 10:22pm: The Knicks are pursuing a sign-and-trade with the Mavs to acquire Kidd by including non-guaranteed contracts and a draft pick, writes Howard Beck of The New York Times (via Twitter).

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Knicks Re-Sign Steve Novak

THURSDAY, 2:23pm: The Knicks have officially re-signed Novak, the team announced in a press release. Novak himself also announced the deal via Twitter, attaching a photo of him signing his contract.

MONDAY, 1:55pm: The Knicks and Steve Novak have agreed to terms on a new contract, according to agent Mark Bartelstein. Bartelstein says the deal, which is fully guaranteed, will pay Novak $15MM for four years (Twitter links via TNT's David Aldridge).

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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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Knicks May Match Raptors’ Fields Offer Sheet

While it's widely been assumed that the Knicks would decline to match the Raptors' three-year, $19MM offer sheet for Landry Fields, that's not necessarily a given. Raptors president Bryan Colangelo told Toronto media today that there's a "50/50 chance" the Knicks match the Raps' offer to Fields (Twitter link via Ryan Wolstat of the Toronto Sun).

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Knicks Sign James White

JULY 11TH, 9:50am: The Knicks have officially confirmed White's deal in a press release.

JULY 4TH, 10:21am: The Knicks' agreement with White is for a one-year contract, his agent confirmed to Al Iannazzone of Newsday (Twitter link). The deal is for the minimum salary, adds Iannazzone (Sulia link).

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Knicks Re-Sign J.R. Smith

11:38pm: Smith has officially signed his two-year deal to remain in New York, tweets SI.com's Sam Amick.

12:03am: J.R. Smith and the Knicks have agreed to a contract that will bring Smith back to New York for at least one more year, tweets Ian Begley of ESPNNewYork.com. Smith will sign a two-year deal with a first-year salary of about $2.8MM and a second-year player option, according to Begley.

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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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New York Notes: Chandler, Williams, Brooks

The Knicks and Nets have been busy this offseason as each respective team has positioned itself for a prolonged playoff run next season thanks to key additions and re-signings. While the Knicks are close to completing their spending spree, the Nets remain in the mix for Dwight Howard, whose talents have been tied to the Lakers, Rockets and Hawks. Here's the latest news and headlines out of New York City…

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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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