- Adrian Wojnarowski at Yahoo Sports47 mins 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 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 Sports1 hr 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 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 Sports2 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 Sports3 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."
- Adrian Wojnarowski at Yahoo Sports3 hrs ago
The Houston Rockets traded Jeremy Lin to the Los Angeles Lakers to create salary-cap space to sign Chris Bosh only to have Bosh decide to stay with the Miami Heat, league sources told Yahoo Sports.
The Rockets sent a 2015 first-round pick and other draft considerations to the Lakers to unload the final year of Lin's $14 million expiring contract that includes a salary cap hit of $8.3 million based on the deal's structure.
The Lakers will send cash and the rights to an overseas player to the Rockets, sources said.
Moving Lin to Los Angeles cleared most of the salary cap-space necessary to sign Bosh to a four-year, $80 million-plus contract. The Rockets thought they were close to securing Bosh only to have him accept a five-year, $118 million deal to stay with the Heat.
The Rockets have to decide whether to match Chandler Parsons' three-year, $46 million offer sheet with the Dallas Mavericks once Bosh has committed, sources told Yahoo Sports. They also have been in contact in recent days with the agents for free-agent forwards Luol Deng and Trevor Ariza, sources said.
- Adrian Wojnarowski at Yahoo Sports6 hrs ago
Four years after leaving Cleveland to chase championships with the Miami Heat, LeBron James is returning home.
James made the announcement in a first-person essay on Sports Illustrated's website.
"I always believed that I’d return to Cleveland and finish my career there," James told SI's Lee Jenkins in the essay. "I just didn’t know when. After the season, free agency wasn’t even a thought. But I have two boys and my wife, Savannah, is pregnant with a girl. I started thinking about what it would be like to raise my family in my hometown. I looked at other teams, but I wasn’t going to leave Miami for anywhere except Cleveland. The more time passed, the more it felt right. This is what makes me happy."
- Adrian Wojnarowski at Yahoo Sports13 hrs ago
Hours after the Cleveland Cavaliers believed they were on the cusp of a commitment out of LeBron James, the superstar free agent jetted 30,000 feet over America with Dwyane Wade on his way back to Miami.
The fight for the generation's biggest free agent raged out of the desert and back to the shores of Biscayne Bay on Thursday night, with James tempering a brimming belief within the Cavaliers into a trepidation that Wade could be playing the part of Pat Riley's closer for the Miami Heat.
Cleveland had been carefully listening to the direction of James' agent Rich Paul, who has been privately telling people for weeks – even months and years – that he has been determined to deliver the prodigal son of Northeast Ohio back home.
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.
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.
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.