- Adrian Wojnarowski at Yahoo Sports30 mins ago
Carmelo Anthony will sign a five-year, $120 million-plus contract to return to the New York Knicks, league sources told Yahoo Sports.
Anthony considered the Chicago Bulls, Los Angeles Lakers and Houston Rockets before deciding to re-sign. He notified the other teams on Saturday that he's returning to New York.
Anthony might still take less than the maximum $129 million the Knicks can give him, a source said.
Anthony is expected to publicly announce his return on Sunday.
After meetings with Chicago, Houston, Dallas and the Los Angeles Lakers, Anthony decided to recommit to Knicks president Phil Jackson and his new regime.
Anthony, 30, is a seven-time All-Star and the cornerstone of Jackson's plan to use salary cap space in 2015 and '16 to lure a star free agent to the Knicks.
- Adrian Wojnarowski at Yahoo Sports2 hrs ago
The Utah Jazz notified the Charlotte Hornets that they have matched the four-year, $63 million maximum contract offer sheet for restricted free agent Gordon Hayward, league sources told Yahoo Sports.
Hayward will sign a four-year, $63 million contract with the Jazz today in Salt Lake City, league sources told Yahoo Sports.
The contract includes a player option for the fourth year and a 15 percent trade kicker, league sources told Yahoo Sports.
Agent Mark Bartelstein aggressively courted the market for the offer sheet on Hayward, 24, and finally reached the deal with Charlotte on Tuesday. Utah and Hayward had been unable to reach agreement on a contract last fall.
The Hornets desperately still need to upgrade their wing positions to deliver scoring punch, and the possibility of securing Hayward – even on such rich deal – made sense. Charlotte is negotiating with free-agent power forward Marvin Williams to replace Josh McRoberts, but those talks were on hold while Utah matched the deal.
All along, Jazz officials have maintained that they would match any offer sheet for Hayward, the No. 9 overall pick in the 2010 NBA draft.
- Adrian Wojnarowski at Yahoo Sports14 hrs ago
Free-agent guard Vince Carter has agreed to a three-year, $12 million contract with the Memphis Grizzlies, league sources told Yahoo Sports.
Memphis no longer wanted to wait on its own free agent, Mike Miller, who has a strong interest in joining LeBron James with Cleveland, sources said.
The third year of Carter's deal with Memphis is partially guaranteed, league sources said.
For Memphis, Carter is a terrific offensive talent to bring to its bench. Carter, 37, spent the past three seasons with the Dallas Mavericks. He averaged 11.9 points and a little more than 24 minutes per game while making 39.4 percent of his 3-point attempts last season.
He hit the biggest shot of the Mavericks' season with a buzzer-beating 3-pointer to beat the San Antonio Spurs in the third game of their first-round playoff series.
Carter has averaged 20.2 points, 4.9 rebounds and 3.7 assists in his 16-season NBA career.
- Adrian Wojnarowski at Yahoo Sports17 hrs ago
Cleveland Cavaliers owner Dan Gilbert told Yahoo Sports that the explosive public letter chastising LeBron James' departure four years ago had long ago been pulled from his franchise's website.
On the night that James' live show on cable TV infuriated the Cavaliers owner and inspired his infamous letter, the Cavaliers website posted Gilbert's correspondence. Nevertheless, Gilbert insists it was taken down within months – despite recent revelations that it continued to be a part of the team's site.
"The letter was taken down from our website years ago," Gilbert told Yahoo Sports on Friday. "There was some remnant link from the NBA site that someone discovered a few days ago and when our people were notified, it was immediately killed.
- Adrian Wojnarowski at Yahoo Sports18 hrs ago
The terms of Cleveland star point guard Kyrie Irving's five-year, $90 million contract will include an early termination option for the 2019-20 season and a 15 percent trade kicker, league sources told Yahoo Sports.
Irving will partner with superstar LeBron James, who committed to the Cavaliers on Friday.
Irving's deal includes the "Derrick Rose" provision, which allows Irving to gather 30 percent of the Cavaliers' salary-cap space instead of 25 percent should he reach one of these three designated plateaus:
• voted to the NBA's first, second or third team two times in his deal. • voted to the All-Star team twice. • voted the NBA's MVP once.
Irving was the No. 1 overall pick in the 2011 NBA draft. He has averaged 20.7 points and 5.8 assists in his three seasons and was the MVP of the 2014 All-Star game.
- Adrian Wojnarowski at Yahoo Sports19 hrs ago
The Phoenix Sunshave reached agreement on a four-year, $27 million sign-and-trade deal with Sacramento Kings free-agent point guard Isaiah Thomas, league sources told Yahoo Sports.
The Kings will receive center Alex Oriakhi and a $7 million trade exception in the deal, sources said.
Thomas, 25, had run his course with the Kings. They didn't want to make him a starter and he didn't want to stay. The Suns see Thomas as the third guard with starters Eric Bledsoe and Goran Dragic, an intriuging trio in coach Jeff Hornacek's system.
The Kings took Thomas with the 60th overall pick of the 2011 NBA draft. He averaged 20.3 points and 6.3 assists last season.
- Adrian Wojnarowski at Yahoo Sports20 hrs ago
Forward Jordan Hill has agreed to a two-year, $18 million deal to return to the Los Angeles Lakers, agent Kevin Bradbury told Yahoo Sports.
The second year of the contract is a team option.
The Lakers greatly valued Hill, and held off a market that included the Dallas Mavericks and Houston Rockets, league sources said. He's a favorite of teammate Kobe Bryant, who has long been an advocate to re-signing him.
Hill averaged 9.7 points and 7.4 rebounds in 72 games last season for the Lakers. He has averaged 6.7 points and 5.3 rebounds in five NBA seasons, including the past 2½ with the Lakers.
- Adrian Wojnarowski at Yahoo Sports20 hrs ago
Chris Bosh has reached agreement on a five-year, $118 million contract to re-sign with the Miami Heat, league sources told Yahoo Sports.
After LeBron James announced he was leaving the Heat to return to the Cleveland Cavaliers, Bosh strongly considered a four-year, $88 million offer to sign with the Houston Rockets. He will get an additional guaranteed $30 million by re-signing with Miami.
The Heat are pushing to keep Dwyane Wade and Udonis Haslem on shorter deals, sources told Yahoo Sports. Bosh, Wade and Haslem all opted out of their contracts to give the Heat cap flexibility to improve their roster after James became a free agent.
The Heat are engaged with free agents Trevor Ariza and Luol Deng for the starting opening at small forward created by James' departure.
The Rockets traded Jeremy Lin and a 2015 first-round draft pick earlier Friday to clear cap space for Bosh's offer. Houston is expected to match the Dallas Mavericks' three-year, $46 million offer sheet for Chandler Parsons.
- Adrian Wojnarowski at Yahoo Sports21 hrs ago
The Chicago Bulls are interested in discussing a deal with free-agent guard Dwyane Wade, league sources told Yahoo Sports.
The crumbling of the Miami Heat's Big Three on Friday leaves Wade facing a future without LeBron James and possibly Chris Bosh in Miami, and a Heat franchise facing a rebuilding situation again. The Heat, however, are trying to re-sign Bosh and Wade.
Wade, 32, opted out of the $42 million left on his contract so the Heat could restructure deals with James and Bosh – only to have James leave him for Cleveland. Miami's loyalty to Wade would likely compel it to give him a contract extension because of his team-first decision to opt out of the deal. Nevertheless, Wade makes little sense for the Heat moving forward, except that he's a franchise icon who's been part of three championships.
Wade grew up in Chicago, and took a meeting in 2010 free agency with the Bulls. Knee problems have limited him the past two years, and the uncertainty about his future may have played some part in James' decision to join a younger core in Cleveland.
- Adrian Wojnarowski at Yahoo Sports23 hrs ago
For four years, the letter had come to define Dan Gilbert, and the owner of the Cleveland Cavaliers wanted to wash away the shame and embarrassment and guilt of it all. So Sunday, Gilbert sat down with LeBron James and his inner-circle and tried to absolve himself of a most wretched moment in time.
"We had five great years together and one terrible night," Gilbert told James, and so started the process of reconciliation on Sunday night in Miami. "I told him how sorry I was, expressed regret for how that night went and how I let all the emotion and passion for the situation carry me away. I told him I wish I had never done it, that I wish I could take it back."