- Adrian Wojnarowski at Yahoo Sports9 hrs ago
The Dallas Mavericks have submitted Chandler Parsons' three-year, $46 million offer sheet to the Houston Rockets, ending sign-and-trade talks between the teams, league sources told Yahoo Sports.
The Rockets will have three days to match the offer sheet.
The Rockets and Parsons negotiated throughout Tuesday and Wednesday, 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.
The Rockets are prepared to give Chris Bosh a four-year, $88 million contract if he leaves the Miami Heat, but can't do that if they first match Parsons' offer sheet.
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.
- Adrian Wojnarowski at Yahoo Sports10 hrs ago
The Portland Trail Blazers have reached agreement on a two-year, $4 million contract with Steve Blake, league sources told Yahoo Sports.
Blake, 34, agreed to take the Blazers' biannual exception, sources said.
This will be Blake's third stay with the Blazers. He spent the 2005-06 season in Portland and played another 2½ seasons with the Trail Blazers from 2007-10. The Los Angeles Lakers traded Blake to the Golden State Warriors at the February deadline, where he became a free agent this summer.
Blake has averaged 6.9 points and four assists in his 11 NBA seasons.
- Adrian Wojnarowski at Yahoo Sports14 hrs ago
Free-agent forward James Johnson has agreed to a two-year, $5 million contract with the Toronto Raptors, league sources told Yahoo Sports.
Memphis had interest in re-signing Johnson, but he left for a return to Toronto. Utah and Houston had expressed interest too, sources said. Johnson averaged 7.4 points and 3.2 rebounds for the Grizzlies last season.
The Raptors have re-signed three of their own free agents: Kyle Lowry, Greivis Vasquez and Patrick Patterson.
Johnson played parts of 2010-12 with the Raptors.
Johnson was the 16th overall pick by the Chicago Bulls out of Wake Forest in 2009.
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.
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.
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.
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 Sports2 days 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.
- Adrian Wojnarowski at Yahoo Sports3 days ago
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.
- Adrian Wojnarowski at Yahoo Sports3 days ago
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.