Kings Agree To Sign Aaron Brooks
4:33pm: Brook's deal averages $3.3MM annually, with a second-year player option, according to SI.com's Sam Amick (via Twitter).
4:21pm: Brooks' contract is expected to be worth about $3MM annually, reports Jason Jones of the Sacramento Bee (via Sulia).
Hawks Buy Out Jordan Farmar
JULY 16TH: The Hawks have officially requested waivers on Farmar, according to a team release. Now that the two sides having finalized Farmar's buyout, he'll be headed to Turkey's Anadolu Efes, with whom he has reportedly reached an agreement.
JULY 5TH: Once the agreed-upon Joe Johnson swap between the Nets and Hawks becomes official next week, the Hawks are expected to buy out Jordan Farmar, according to NetsDaily.com (Twitter link). Farmar is under contract for $4.25MM for the coming season, but figures to be bought out for $1.5MM.
Knicks Sign Chris Copeland
The Knicks have officially signed Chris Copeland, the team announced today. Formerly of the University of Colorado, Copeland receives a non-guaranteed deal from the Knicks and will be invited to training camp, tweets Al Iannazzone of Newsday. HoopsHype first reported that the two sides had reached an agreement.
Copeland, a 6'8" forward, has spent the last several years overseas, including this past season playing in Belgium, where he averaged 21.8 points per game.
Nets Sign Jerry Stackhouse
MONDAY, 2:01pm: The Nets have officially signed Stackhouse, the team announced (Twitter link). Stackhouse himself first tweeted the news: "Officially a member of The Brooklyn Nets… NYC here we come!!!"
WEDNESDAY, 9:38am: The Nets have agreed to terms on a one-year contract for Jerry Stackhouse, reports ESPN.com's Chad Ford (via Twitter). The deal will pay Stackhouse the veteran's minimum, approximately $1.35MM.
Suns Sign Kendall Marshall
The Suns have officially signed first-rounder Kendall Marshall to a rookie scale contract, according to Scott Bodrow of the Arizona Republic. Terms of the deal weren't disclosed, but Marshall will almost certainly receive the full 120% of his rookie scale amount, giving him a first-year salary of $1,919,160.
Marshall, the 13th overall pick in June's draft, averaged 8.1 points and 9.8 assists per game in his sophomore season at North Carolina, and was considered the second-best point guard in the draft, behind Damian Lillard. Marshall is expected to back up Goran Dragic in Phoenix in his rookie year.
Nets Sign Mirza Teletovic
JULY 16TH, 12:18pm: The Nets have officially signed Teletovic, the team announced today (Twitter link).
JULY 4TH, 4:13pm: Larry Coon of ESPN.com and HoopsWorld confirms via Twitter that the Nets were able to agree with Teletovic for the $3.09MM mid-level. Assuming the maximum 4.5% raise, this would put the total of Teletovic's three-year deal at $9,687,150. Besides saving a few million dollars on Teletovic, this gives the Nets significantly more financial flexibility this season, as they're now free to exceed the $74.31MM "tax apron."
Kings Acquire James Johnson From Raptors
12:14pm: The deal is now official, according to Jason Jones of the Sacramento Bee (Sulia link).
7:28am: The Kings and Raptors have agreed to a trade that will send James Johnson to Sacramento in exchange for a future second-round pick, reports ESPN.com's Marc Stein. The second-rounder heading to Toronto is for 2014, according to SI.com's Sam Amick (via Twitter). Stein adds that the deal could be made official as soon as today.
Raptors Sign Quincy Acy
The Raptors officially signed Quincy Acy on Sunday, according to Ryan Wolstat of the Toronto Sun (via Twitter). The terms of Acy's deal aren't known, but a multiyear, partially-guaranteed, minimum-salary deal seems likely.
Acy, a 6'6" wing, was selected 37th overall by Toronto in June's draft. The 21-year-old averaged 12.0 points and 7.4 rebounds in 29.7 minutes per game in his senior year at Baylor.
Spurs Re-Sign Tim Duncan To Three-Year Deal
SUNDAY, 7:11pm: The pact is for 3 years and approximately $30MM according to Yahoo Sports' Marc Spears on Twitter. Spears credits his colleague Johnny Ludden for the report.
WEDNESDAY, 1:53pm: The Spurs officially announced in a press release that they have re-signed Duncan.
TUESDAY, 12:39pm: The contract also includes a no-trade clause, tweets Spears.
12:21pm: Duncan's three-year deal is fully guaranteed and includes a third-year player option, tweets Marc J. Spears of Yahoo! Sports.
Sixers Waive Darryl Watkins
The Sixers have waived center Darryl Watkins, tweets SI's Sam Amick. Philadelphia acquired Watkins as a throw-in in their trade for swingman Dorell Wright, but after then signing Kwame Brown the team apparently had no need for him. The 27-year-old Syracuse product had only played in 14 NBA games and will now become a free agent looking to latch on with another team.