- Adrian Wojnarowski at Yahoo Sports2 hrs ago
Restricted free-agent guard Greivis Vasquez has agreed to a two-year, $13 million contract to return to the Toronto Raptors, league sources told Yahoo Sports.
Vasquez emerged as an excellent complement to starting point guard Kyle Lowry and became a priority for the Raptors to keep this summer.
With the Vasquez agreement, Toronto has retained three of its key free agents this summer, including Lowry and Patrick Patterson.
Despite interest on the market, Vasquez's agent Arn Tellem and Toronto general manager Masai Ujiri worked out a deal without Vasquez needing to seriously pursue an offer sheet on the market.
Vasquez averaged 9.5 points and 3.7 points for the Raptors last season.
Vasquez, 27, came to the Raptors as part of the deal that sent Rudy Gay to the Sacramento Kings last season. The Raptors are his fourth team in four NBA seasons, including stops in Memphis and New Orleans.
In his best season, Vasquez averaged 13.9 points and nine assists in 2012-13 for New Orleans.
- Adrian Wojnarowski at Yahoo Sports5 hrs ago
Superstar free agent LeBron James met with Miami Heat president Pat Riley on Wednesday in Las Vegas and left without committing to a new contract, a league source told Yahoo Sports.
No decision date has been set, a source close to James told Yahoo Sports' Marc Spears.
James and his agent Rich Paul met with Riley on the same day the Cleveland Cavaliers agreed to a three-team trade to clear enough salary-cap room to make James a maximum contract offer, opening a path for his possible homecoming, sources said. The Cavaliers are also pursuing a trade for Minnesota Timberwolves forward Kevin Love, contingent on James returning to Cleveland, sources told Yahoo Sports.
James reached out to two veteran free agents last week about joining him if he were to leave Miami, sources told Yahoo Sports. Sharp-shooting forward Mike Miller was one of them. Miller could not go back to the Heat because they amnestied him. The Cavaliers, Memphis Grizzlies, Oklahoma City Thunder and Denver Nuggets are among the teams pursuing Miller with his market price rising to $4 million to $4.5 million annually, sources said.
- Adrian Wojnarowski at Yahoo Sports5 hrs ago
Restricted free-agent forward Chandler Parsons is finalizing a three-year, $46 million offer sheet with the Dallas Mavericks, league sources told Yahoo Sports.
Parsons can officially sign the sheet at 12:01 a.m. Thursday. The Houston Rockets will have three days to match.
The Rockets and Parsons negotiated throughout the day, but were unable to come to an agreement on a deal, sources said.
It is unclear whether the Rockets will match the offer, but Houston general manager Daryl Morey has had conversations with the agents for the three best unrestricted free agent forwards: Luol Deng, Trevor Ariza and Paul Pierce, sources said.
Parsons' agent Dan Fegan has Parsons and Dwight Howard as clients. If Houston matches, the two stars would be free agents together in 2017. Parson's offer sheet has a player option for the 2016-17 season, similar to Howard's contract.
Parsons has been one of the NBA's most underpaid players in his current deal, which was signed after Houston drafted him in the second round of the 2011 NBA draft. He averaged 16.6 points and 5.5 rebounds for the Rockets this season.
- Adrian Wojnarowski at Yahoo Sports8 hrs ago
The Cleveland Cavaliers are pursuing a trade for Minnesota Timberwolves All-Star forward Kevin Love contingent on the signing of LeBron James, league sources told Yahoo Sports.
The Timberwolves will demand Andrew Wiggins, the Cavs' No. 1 overall pick from last month's NBA draft, be a part of any proposed deal, sources told Yahoo Sports.
The Cavs have already made a salary-cap-clearing move to create room to possibly sign James by reaching agreement on a three-team trade that will send Jarrett Jack and Sergey Karasev to the Brooklyn Nets, league sources told Yahoo Sports.
For the Cavaliers, there are no assurances James will sign with them, but he did reach out to two veteran free agents last week about joining him if he were to leave Miami, sources told Yahoo Sports. Sharp-shooting forward Mike Miller was one of them. Miller could not go back to the Heat because they amnestied him. The Cavaliers, Memphis Grizzlies, Oklahoma City Thunder and Denver Nuggets are among the teams pursuing Miller with his market price rising to $4 million to $4.5 million annually, sources said.
- Adrian Wojnarowski at Yahoo Sports1 day ago
Restricted free agent Gordon Hayward has agreed to a four-year, $63 million maximum contract offer sheet with the Charlotte Hornets, league sources told Yahoo Sports.
A player option for the fourth year of the deal and a 15 percent trade kicker are expected to be included in the offer sheet, league sources told Yahoo Sports.
Both would be considered incentives to dissuade the Jazz from matching the sheet, but Utah officials have remained adamant they will match any sheet for Hayward – including a max offer.
Agent Mark Bartelstein aggressively courted the market for an offer sheet for Hayward, discussing deals with several teams – including Cleveland, Phoenix and Boston – but ultimately reached the deal with Charlotte on Tuesday. There was doubt within the league whether Bartelstein could secure a max offer for Hayward, but he found a willing suitor with the Hornets.
- Adrian Wojnarowski at Yahoo Sports1 day ago
After losing free agent Josh McRoberts to the Miami Heat, the Charlotte Hornets are pursuing free agent Marvin Williams to take over the power forward slot, league sources told Yahoo Sports.
The Hornets and Williams have discussed parameters of a deal, but no agreement is imminent, sources told Yahoo Sports.
Williams, 28, is perhaps the best available power forward left on the free-agent market and it could be paramount to the Hornets to secure him.
The Hornets are left with a gaping hole at the position, where it is unclear if 2013 No. 4 overall pick Cory Zeller is ready to step into the starting lineup of a team with expectations to return to the Eastern Conference playoffs.
Williams averaged nine points and five rebounds in 25 minutes per game for Utah in 2013-14. After Atlanta made Williams the No. 2 pick in the 2005 NBA draft, he played seven seasons for the Hawks before a trade to Utah two seasons ago. For his career, Williams has averaged 10.8 points and 5.1 rebounds.
The Jazz still value Williams and haven't given up hope of re-signing him, but his desire for contract security may exceed what Utah's willing to pay, sources said.
Oklahoma City Thunder guard Russell Westbrook has withdrawn from USA Basketball's roster for the World Cup in Spain this summer, league sources told Yahoo Sports.
Westbrook had been part of gold-medal-winning teams in 2010 and '12 in the world championships and Olympics, respectively, and has been a favorite of national coach Mike Krzyzewski.
Westbrook, 25, still has hopes of playing in the 2016 Olympic Games in Brazil, sources said.
Westbrook's decision leaves the opportunity for Golden State's Stephen Curry to compete for a roster spot with Cleveland's Kyrie Irving and Portland's Damian Lillard. Chicago's Derrick Rose is still deciding whether he'll play for USA Basketball this summer.
After a season that included his third surgery on his right knee, Westbrook decided to pass on the two-month commitment that includes a July training camp, August exhibition tour and September tournament in Spain.
Free-agent forward Channing Frye has reached agreement on a four-year, $32 million contract with the Orlando Magic, league sources told Yahoo Sports.
Frye had opted out of the final season of his contract with the Phoenix Suns to become an unrestricted free agent. Frye passed on his player's option for $6.8 million in the 2014-15 season, which would've been the final year of an original five-year, $30 million deal.
The Suns had wanted to bring Frye back, but the Magic offer proved too attractive to turn down.
After the diagnosis of an enlarged heart caused Frye to miss the entire 2012-13 season, he had a remarkable comeback season for the Suns. He played 82 games, averaging 11.1 points, 5.1 rebounds and shooting 37 percent on 3-pointers.
Frye, 31, is still a coveted commodity for his ability to spread the floor at 6-foot-11 and consistently make 3-point shots. His skill set has never been so highly valued in the league. Across eight seasons in the NBA, he's shot 38.5 percent on 3-pointers.
Sources: Danny Granger, Josh McRoberts agree to deals with Heat with belief LeBron James is returning
Free-agent forwards Danny Granger and Josh McRoberts committed to contracts with the Miami Heat with the strong belief they will be playing alongside LeBron James, league sources told Yahoo Sports.
Though no guarantees were made, Granger and McRoberts accepted offers from the Heat believing James will be returning to Miami, sources said.
Granger reached agreement on a two-year, $4.2 million contract with the Heat, league sources told Yahoo Sports on Monday. He will take the Heat's biannual exception of $2.1 million and hold a player option on the second year of the contract.
Granger was willing to take significantly less than his market value for the chance to play with James in Miami. Heat president Pat Riley secured Granger and free-agent forward Josh McRoberts on Monday. Riley is expected to meet with James soon to discuss his future with the franchise.
Miami Heat forward Chris Bosh had his first direct conversation with Houston Rockets management on Monday morning, inching closer to the possibility of a four-year, $80 million-plus contract, league sources told Yahoo Sports.
Bosh's stance on his intentions has remained unchanged: His preference is to stay with Miami on a new deal and play with LeBron James. Nevertheless, James hasn't committed to a return, and Houston has moved aggressively to secure a deal with Bosh, sources said.
Houston has emerged as Bosh's top choice, should he leave the Heat, sources told Yahoo Sports. The circumstances make the Rockets a natural fit for him. Bosh can play the power forward spot alongside All-Star center Dwight Howard. He can get a maximum contract deal starting in the $20 million range annually. And he can compete for a championship in his home state of Texas, where a partnership with Howard, James Harden and restricted free agent Chandler Parsons makes the Rockets a most formidable threat in the Western Conference.