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A source tells ESPN New York that the Knicks knew J.R. Smith would need knee surgery before signing him to a four-year, $24.7 million deal last week.

Smith was slapped with a 3-4 month timetable after undergoing patellar tendon surgery and an arthroscopy for a tear in the lateral meniscus of his left knee. The procedure is expected to halt the gradual weakening and chronic issues, but it does leave him very questionable for Opening Night. At least we know the Knicks don't expect any long-term issues because they paid him despite knowing about the knee.
Tue, Jul 16, 2013 02:27:00 PM

Nerlens Noel, K.J. McDaniels (ankle) and Casper Ware will not play vs. the Jazz on Saturday.

It's too bad we won't get to see Noel against a long guy like Rudy Gobert and the 76ers are probably just resting him. He looked fantastic in Orlando and was able to block shots while showing off some nice moves on offense. Noel is picking up steam as a risky mid-round pick.
Jul 12 - 9:24 PM

The Rockets are still "strongly considering" matching Dallas' offer sheet on restricted free agent Chandler Parsons.

After just signing Trevor Ariza to a four-year, $32 million deal today, it's going to be awfully tough to invest another $45 million over three years to a small forwards. The Rocket do play a lot of small ball, but they might want to use their cap space elsewhere. They'll have one more day to match.
Jul 12 - 7:46 PM

Marvin Williams agreed to terms with the Hornets on a two-year, $14 million deal.

Teams continue to fork over serious money and the Hornets were certainly going to overpay after missing out on Gordon Hayward. He is likely going to start and the Hornets could use him as a stretch for as the game progresses. Williams hasn't been a fantasy factor in awhile if ever, so owners in standard leagues can leave him be.
Jul 12 - 7:33 PM

Otto Porter was terrific in his Las Vegas Summer League debut, making 11-of-16 from the field for 25 points with seven boards, three assists, one 3-pointer and three turnovers.

He couldn't stay healthy leading up to his rookie season and was buried on the depth chart. The loss of Trevor Ariza may have created an opening for Porter and we'll see how the Wizards look to fill that void. As for today, Porter really put it all together on offense with his mid-range game as his best asset. He was also very active in sharing the ball. If he can keep it going, he'll be on fantasy map in deep leagues, especially with Martell Webster's back injury.
Jul 12 - 7:20 PM

Darren Collison signs three-year, $16 million deal for the mid-level exception with the Kings.

This deal has been roundly criticized around the league because it highlighted the front office's curious lack of appreciation for previous starter Isaiah Thomas, who is much better than Collison in just about every facet of the game. The controversy has also been fueled by the team pinning its overall problems with passing and defense onto Thomas, particularly when he shouldered so much load last year and was their best community guy -- while the city struggled to convince locals to finance a new arena that ultimately kept the team in town. Collison has said that the Kings are going to give him the keys to the team, so we expect him to start, but Ray McCallum could push him for playing time.
Jul 12 - 6:16 PM

LeBron James has finalized his contract with the Cavs and it is for just two years, including an opt-out for next summer, and presumably a maximum amount of $42.1 million.

Sources around the league had intimated that he wanted a short-term deal and this confirms that. ESPN reports that the motivation here is to maximize his next deal when the NBA's new television contract is in place, which they say could raise the salary cap to $80 million in 2016. There is also uncertainty with the current collective bargaining agreement starting in 2017, because the owners destroyed a leaderless Players Association during the last lockout. With the players all but certain to demand huge givebacks amidst skyrocketing franchise valuations, all signs point to LeBron being the centerpiece of an even more complicated Decision Part 3.
Source: ESPN.com
Jul 12 - 5:43 PM

Trevor Ariza has agreed to sign with the Rockets on a four-year, $32 million deal.

Well, Houston can say goodbye to Chandler Parsons, who will now go to Dallas on a three-year deal. Ariza scored a career-high 14.9 points in his one season with the Rockets back in 2009-10 and he'll move into the small forward spot. He was lights out in catch-and-shoot, finishing the season making 40.7 percent of his shots from deep. He's a great fit in Houston for their style of play and is worth targeting in the middle rounds.
Jul 12 - 5:29 PM

Pau Gasol is finalizing a contract with the Bulls, according to ESPN.com.

It is not a sign and trade and he confirmed his deal on Twitter. The terms of the deal should be coming momentarily, which should be in the neighborhood of $10 million. For the Bulls, this deal basically means they're done with much of their cap space taken up. Still, it is a nice signing to help the Bulls on offense. Pau's fantasy value does take a hit, though.
Jul 12 - 5:25 PM

Updating a previous item, the Rockets are not involved in a three-team trade centered around Pau Gasol.

This is good news for the Rockets because they would likely be getting Carlos Boozer, which is a bit of a downgrade from Terrence Jones. Gasol's deal is expected to get done today and he'll almost certainly wind up with the Bulls, according to ESPN.
Jul 12 - 5:14 PM

The Hornets are expected to aggressively pursue free agent SG Lance Stephenson, but he's also being sought after by the Mavericks and Pacers.

More teams could join the mix as the free agent market continues to narrow its focus, and Stephenson is already one of the best available players remaining. The Hornets have about $20 million in salary cap space after missing out on Gordon Hayward, and they're in position to offer much more than Indy's original five-year, $44 million proposal. The Mavericks, meanwhile, can't actively pursue him until the Rockets decide whether to match Dallas' offer sheet for Chandler Parsons.
Jul 12 - 1:39 PM

Anthony Morrow has agreed to a three-year, $10 million deal with the Thunder, according to beat writer Darnell Mayberry.

Morrow gives them OKC a bona fide sniper who made 45.1 percent of his 3-pointers last season. Fully one-third of his offensive usage came on spot-up jumpers, so he should fare well alongside Russell Westbrook and Kevin Durant. It remains to be seen whether he'll overtake Jeremy Lamb for the starting SG job, and it's a position battle worth watching in the preseason.
Jul 12 - 1:34 PM




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