Charlotte Hornets forward Michael Kidd-Gilchrist is finalizing a four-year, $52 million contract extension, league sources told Yahoo Sports.
The agreement will be finalized this week with a news conference to follow, league sources said.
As a member of the 2012 NBA draft class, Kidd-Gilchrist is eligible for a rookie extension prior to the start of the 2015-16 season.
Kidd-Gilchrist, the No. 2 overall pick in the draft, has developed into a cornerstone player for the Hornets at small forward. With the extension, the Hornets and Kidd-Gilchrist will avoid him becoming a restricted free agent next summer.
Kidd-Gilchrist, 21, has dramatically improved his offensive game with a recreated jump shot. Already, he was one of coach Steve Clifford's most important defensive players. Kidd-Gilchrist averaged 10.9 points and 7.6 rebounds for Charlotte last season, his third in the league.
The Los Angeles Lakers are discussing the possibility of signing free agent forward Metta World Peace to a one-year contract, league sources told Yahoo Sports.
No deal has been agreed upon, but there have been talks between the Lakers and World Peace's representatives, league sources told Yahoo Sports.
There are varying degrees of interest within the Lakers organization about bringing him back to the franchise at 35 years old, although the idea has been met with enthusiasm from Lakers star Kobe Bryant, league sources told Yahoo Sports.
World Peace has been in the Lakers' practice facility this offseason playing against the team's players, including 2014 first-round pick Julius Randle, league sources told Yahoo Sports.
World Peace has been out of the NBA since the New York Knicks waived him during the 2013-14 season. He played last season in China and Italy.
The Lakers lack depth at the small forward position.
World Peace played four seasons with the Lakers from 2009-13 and was instrumental in them winning the 2010 championship. They amnestied World Peace after the 2012-13 season.
Free agent 7-footer Jeff Withey has reached agreement to sign a two-year, partially guaranteed contract with the Utah Jazz, league sources told Yahoo Sports.
Withey has a strong chance to make the Jazz's opening-night roster, which currently includes 13 guaranteed contracts.
Withey's deal includes a team option in the second year, a league source told Yahoo.
Withey, 25, played his first two NBA seasons with the New Orleans Pelicans, where he averaged three points and 2.3 rebounds.
After leaving Kansas, Withey was the 39th overall pick to the Portland Trail Blazers in the 2013 NBA draft. He was moved to New Orleans in a three-way deal that helped bring Robin Lopez to the Blazers.
Adrian Wojnarowski at Yahoo Sports 7 days ago
Toronto Raptors center Jonas Valanciunas has signed a four-year, $64 million contract extension, league sources told Yahoo Sports.
The contract has a player option for the fourth year, sources said.
Valanciunas, 23, has averaged 10.9 points, eight rebounds, 1.1 blocks and 26.3 minutes in three seasons with the Raptors, including a career-high 12 points, 8.7 rebounds and 1.2 blocks last season.
The Raptors made Valanciunas the fifth overall pick of the 2011 NBA draft.
Adrian Wojnarowski at Yahoo Sports 13 days ago
The Phoenix Suns are finalizing a deal to hire Chris Jent as head coach of the franchise’s NBA Development League affiliate, the Bakersfield Jam, league sources told Yahoo Sports.
Jent, 45, had been an assistant coach under Michael Malone with the Sacramento Kings for the past two years.
Jent has been discussed as a top candidate to return to college basketball as a head coach, especially after going back to his alma mater, Ohio State, for two successful seasons as an assistant beginning in 2011. Jent in 2013 joined Malone as the top assistant coach in Sacramento, where he stayed until Malone’s ouster as head coach in December 2014.
Jent played briefly in the NBA, and served as the Orlando Magic’s interim head coach to finish the 2004-05 season and had a successful run as an assistant under Mike Brown with the Cleveland Cavaliers from 2006-11, developing a strong working relationship with LeBron James.
Bakersfield’s previous coach, Nate Bjorkman, was promoted to a staff job with the Suns.
Adrian Wojnarowski at Yahoo Sports 19 days ago
The NBA and the National Basketball Referees Association have reached a tentative agreement on a new seven-year deal that will run through 2022, league sources told Yahoo Sports.
The union’s 60-plus referee membership will meet in Chicago on Thursday to vote on final ratification of the contract, sources told Yahoo Sports.
The NBA and the NBRA opened talks with a year left on the existing collective bargaining agreement, and will replace the final season of the current five-year agreement with terms on a new deal, sources told Yahoo Sports. The referees' new deal will include substantial raises for referees and the staffing of the league’s replay center in Secaucus, N.J., with refs, sources said.
The NBA will be generating significantly more revenue with a new $24 billion television contract beginning in 2016.
Adrian Wojnarowski at Yahoo Sports 26 days ago
The National Basketball Players Association is filing a grievance against the Sacramento Kings, challenging the legitimacy of the franchise’s voiding of free-agent forward Luc Mbah a Moute’s contract over an alleged failed medical physical, league sources told Yahoo Sports.
The NBPA is planning to file the grievance to the NBA early next week, league sources said.
Mbah a Moute has been meeting with NBPA executive director Michele Roberts in Johannesburg this week, where Mbah a Moute, a Cameroon native, has been medically cleared to play for Team Africa against Team World in the first NBA exhibition game in Africa.
Mbah a Moute signed a one-year, $1.5 million deal with Sacramento on July 14, and two days later had Kings officials inform him that concerns over his right shoulder had caused the franchise to void the deal, league sources told Yahoo Sports.
Mbah a Moute’s representatives at Wasserman Media Group and NBPA officials, armed with independent medical examinations that produced playing clearances, are disputing the legitimacy of the Kings’ process and the findings to declare a failed physical, league sources said.
The Cleveland Cavaliers traded Brendan Haywood and Mike Miller to the Portland Trail Blazers, acquiring a combined $13 million-plus in trade exceptions, league sources told Yahoo Sports.
The Cavaliers will have two separate trade exceptions – $10.5 million and $2.85 million – that they’ll have one calendar year to use. The Cavaliers can use a trade exception to acquire a player under contract in a deal.
The deal could spare the Cavaliers nearly $10 million in salary and luxury tax payments.
Haywood has a non-guaranteed $10.5 million contract that the Blazers will waive without cost to them. Miller, owed $2.85 million in the final year of his contract, is a strong candidate to negotiate a buyout with the Blazers and become a free agent, league sources told Yahoo Sports.
Cleveland's payroll is just over $100 million – without an agreement yet in place for restricted free agent Tristan Thompson, who's expected to get a deal north of the $13 million a year he rejected in the preseason.
Before the Thompson deal, Cleveland is facing a luxury tax bill near $40 million.
The Orlando Magic will acquire Miami Heat guard Shabazz Napier for a protected future second-round pick, league sources told Yahoo Sports.
Napier, 24, was the 24th overall pick in the 2014 NBA draft by the Charlotte Hornets and was traded to Miami in a draft-day deal. He averaged 5.1 points, 2.5 assists and 2.2 rebounds in 51 games for the Heat last season.
The Heat traded Napier, who will make $1.3 million in 2015-16, to reduce their luxury tax bill.
He helped lead Connecticut to the national title in 2014 and was the Final Four Most Outstanding player.
Free-agent center Sam Dalembert has agreed on a one-year, $1.4 million veteran’s minimum deal with the Dallas Mavericks, a league source told Yahoo Sports.
Dalembert played for coach Rick Carlisle two years ago in Dallas, and will get an opportunity to play a significant role at center for the Mavericks.
Dalembert will join Zaza Pachulia, acquired in a deal with Milwaukee, as part of the Mavericks’ center rotation.
Dallas lost Tyson Chandler to Phoenix in free agency and was unable to persuade the Los Angeles Clippers’ DeAndre Jordan to honor his verbal commitment in free agency and sign with the Mavericks.
Dalembert, 34, is fighting to reclaim his professional standing in the NBA and a return to the Mavericks could have a strong mutual benefit if he takes advantage of the opportunity.
Dalembert returns to the Mavericks, where he played 80 games in the 2013-14 season before Dallas sent him to New York as part of the Tyson Chandler trade. He averaged 6.6 points and 6.8 rebounds for the Mavericks.
Dalembert played 32 games with the Knicks before his release in the 2014-15 season. He sat out the rest of the year.