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Patrick Beverley Signs with Rockets for $25 million, Four Years

4 Jul , 2015  

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Beverley Resigns with Rockets

The Houston Rockets signed point guard Patrick Beverly to a new 4 year deal worth $25 million.

Via Y/S:

Restricted free-agent guard Patrick Beverley has agreed to a four-year, $25 million deal to stay with theHouston Rockets, agent Kevin Bradbury told Yahoo Sports.

Beverley, 26, is one of the cornerstones to the Rockets and rejoins All-Star guard James Harden in the backcourt.

Houston reached agreement on the deal with Bradbury and Beverley on Saturday before they could fully explore the market for an offer sheet. Houston would’ve had the right to match a sheet and retain Beverley.

Beverley is one of the NBA’s most tenacious perimeter defenders and an opportunistic scorer. After starting his pro career in Europe, Beverley has flourished in three NBA seasons in Houston.

 

BNE News

Tobias Harris Signs four-year, $64 million deal with Magic

4 Jul , 2015  

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Harris Resigns with Magic

Harris will be returning to Orlando with a new deal.

Via ESPN:

Tobias Harris has agreed to a four-year, $64 million deal to return to the Orlando Magic, according to league sources.

Harris and the Magic failed to finalize an extension by the Oct. 31 deadline last season, making him a restricted free agent this summer. Orlando would have had the right to match any offer sheet Harris signed with another team.

Last season, Harris averaged 17.1 points and 6.3 rebounds in 34.8 minutes per game. He also hit 36.1 percent of his 3-point attempts — an increase of 11 percent from the previous season.

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LaMarcus Aldridge to Sign with Spurs 4-Years, $80 Million

4 Jul , 2015  

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LaMarcus Signs with San Antonio

Aldridge and the Spurs have reached an agreement giving the all star a 4 year deal worth $80 million.

The Blazers are now without 4/5 starters from this previous season leaving Lillard behind.

Via Yahoo Sports:

Star free-agent forward LaMarcus Aldridge has agreed to sign a four-year, $80 million maximum contract with theSan Antonio Spurs, league sources told Yahoo Sports.

Aldridge, who turns 30 on July 19, had spent all nine seasons of his NBA career with the Portland Trail Blazers, developing into one of the league’s best big men. He had informed the Trail Blazers on Friday night that he had narrowed his choices to either the Spurs orPhoenix Suns, then chose the Spurs on Saturday morning.

He has been an All-Star each of the past four years and was named to the All-NBA second team last season after averaging a career-best 23.4 points with 10.2 rebounds and one block per game.

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BNE News

DeAndre Jordan Signs with Mavs for Four-Year $80 Million

4 Jul , 2015  

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DeAndre Signs with Mavericks

Looks like DeAndre is leaving lob city for Dallas.

Via ESPN:

DeAndre Jordan is leaving the Los Angeles Clippers to join the Dallas Mavericks.

Sources told ESPN.com that Jordan and the Mavericks have agreed to a four-year maximum contract worth more than $80 million that includes a player option after the third season to allow the highly coveted center to return to free agency in July 2018.

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BNE News

Kings Sign Rajon Rondo for 1-Year, $10 Million

4 Jul , 2015  

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Rondo Signs with Kings

After a tough season in Dallas, Rajon Rondo has found a new home in Sacramento.

Via ESPN:

The Sacramento Kings and free-agent point guard Rajon Rondo have agreed to a one-year deal worth $9.5 million, sources told ESPN.com’s Jeff Goodman and Marc Stein.

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BNE News

Trail Blazers Sign Damian Lillard To Max 5-Year Extension, $120 Million

4 Jul , 2015  

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Blazers Sign Lillard to Max Deal

With word out that Blazers big man LaMarcus Aldridge may not be coming back to Portland, the Blazers needed to make sure they at least lock in Damian Lillard.

Via ESPN:

The Portland Trail Blazers and Damian Lillard are nearing agreement on a maximum five-year contract extension that is expected to top $120 million in value, according to league sources.
 
Sources said the Blazers and the All-Star point guard soon will finalize a five-year extension that will kick in starting with the 2016-17 season.
 
First-round picks from the 2012 NBA draft such as Lillard are eligible to negotiate contract extensions now through Oct. 31. But like any free-agent deal throughout the league, they can’t be formally signed until July 9, when a leaguewide moratorium on player business is lifted.
 
The exact figures of the extension will depend on how much the NBA salary cap actually rises in 2016, but sources said the Blazers are prepared to pay Lillard, 24, the maximum amount they’re allowed to and make him their designated player.

BNE News

Spurs Sign Kawhi Leonard To Max 5-Year Extension, $90 Milion

4 Jul , 2015  

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Kawhi Leonard Resigns with San Antonio Spurs

2014 NBA Finals MVP, Kawhi Leonard, and the Spurs have come to an agreement giving the young forward $90 million over the next 5 seasons.

Via Yahoo:

After the San Antonio Spurs presented an offer of a maximum contract extension to his representatives, star forward Kawhi Leonard has agreed to the framework of a five-year deal that could be worth in excess of $90 million, league sources told Yahoo Sports.

 

“I have every intention of signing with the San Antonio Spurs,” Leonard said in a statement. “There are details in the contract which need to be worked out with the organization. I am confident that this will be accomplished.”

 

Spurs officials reached out to Leonard’s agents, Brian Elfus and Mitch Frankel of Impact Sports, shortly after midnight ET on Wednesday and the sides reached an agreement in principle on a contract that still has deal points to be worked out in the next several days, sources said.

 

Now, the Spurs turn toward recruiting Portland Trail Blazers free agent LaMarcus Aldridge, which will commence at a breakfast meeting on Wednesday morning in Los Angeles. Leonard will join teammates Tim Duncan and Tony Parker, and president/coach Gregg Popovich and general manager R.C. Buford at a presentation to the Blazers All-Star forward, sources said.

BNE News

Brooklyn Nets Re-Sign Brook Lopez & Thaddeus Young

4 Jul , 2015  

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Lopez & Young Resign with Nets

Brooklyn decided they will be resigning their front court duo, Lopez, and Young.

Via Yahoo:

The Brooklyn Nets have reached agreements with free agents Brook Lopez and Thaddeus Young, league sources told Yahoo Sports.

 

Lopez, 27, will receive a three-year, $60 million maximum contract that includes some protections for the Nets should a recurrence of Lopez’s foot issues sideline him again, sources said. The deal will incude a player option after the second season, which would allow him to re-enter free agency once new television money raises the salary cap.

 

Young, 27, who opted out of $10.2 million owed him next season, will sign a four-year, $50 million deal with a player option, sources said.

 

Lopez and Young can’t officially sign their contracts until the NBA’s free-agent moratorium ends on July 9.

BNE News

DeMarre Carroll Signs With Raptors For 4 Years, $60 Million

4 Jul , 2015  

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Carroll Signs with Toronto Raptors

After performing well in the playoffs with the Atlanta Hawks, Carroll displayed enough to show he can be the highest paid player in the Raptors organization.

 

Via Yahoo:

Free-agent forward DeMarre Carroll has agreed to a four-year, $60 million deal with the Toronto Raptors, league sources told Yahoo Sports.

 

Carroll leaves the Atlanta Hawks to join the Raptors, who will likely lose forward Amir Johnson in free agency.

 

Carroll gives the Raptors an elite defender and a skilled offensive player as general manager Masai Ujiri reshapes his roster.

BNE News

Bulls Sign Jimmy Butler To Max 5-Year, $95 Million Contract

4 Jul , 2015  

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Butler Resigns with Bulls

Via Yahoo Sports:

Jimmy Butler has agreed to a five-year, $95 million maximum contract to re-sign with the Chicago Bulls, league sources told Yahoo Sports.

Butler’s deal will include a player option after the fourth year of the deal, sources told Yahoo.

Butler was a restricted free agent, and Chicago could’ve matched an offer sheet and retained him.