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The New York Knicks have reached agreement on a sign-and-trade that will land David Lee a six-year, $80 million contract with the Golden State Warriors, league sources told Yahoo! Sports.
The Knicks will receive forwards Anthony Randolph, Kelenna Azubuike and Ronny Turiaf in the deal.
The trade became possible after LeBron James chose not to sign with the Knicks. Had James committed to come to New York, the Knicks would have needed the salary-cap room to sign him.
The trade is expected to be completed on Friday.
The Warriors have needed a rebounder and Lee should be able to provide that help. He averaged 20.2 points and 11.7 rebounds last season.
Lee, 27, became expendable when the Knicks gave Amar'e Stoudemire a five-year, $100 million contract. Lee had also been in talks with the New Jersey Nets.
Randolph, 6-foot-11 and still just 20 years old, is considered a promising prospect provided he can stay healthy. He averaged 11.6 points and 6.5 rebounds in only 33 games last season before suffering a severely sprained ankle.
The Warriors' acquisition of Randolph come two weeks after the team traded Corey Maggette to the Milwaukee Bucks for center Dan Gadzuric and guard Charlie Bell.
– Marc J. Spears, 10:50 p.m. ET, July 8
Clippers sign Gomes, Foye
Gomes averaged 10.9 points a game for the Minnesota Timberwolves last season.
– Adrian Wojnarowski and Marc J. Spears, 10:20 p.m. ET, July 8
Haywood gets $55 million contract from Mavs
Haywood came to Dallas in the middle of last season in a trade that also delivered Caron Butler(notes) and DeShawn Stevenson(notes) to the Mavericks. Haywood averaged 8.1 points, 7.4 rebounds and two blocks during 28 games for the Mavericks.
Dallas was aggressive in re-signing Haywood by having coach Rick Carlisle meet with him in Charlotte, N.C., on the first day of free agency. Haywood, 30, was possibly the top center on the market and was also courted by the Miami Heat and Cleveland Cavaliers.
Prior to being traded to Dallas, Haywood spent his first 8½ seasons with the Washington Wizards.
– Marc J. Spears, 1:13 p.m. ET, July 8
Celtics sign O'Neal to two-year contract
O'Neal had been deliberating between the Celtics and Denver Nuggets.
Boston needed a center to help fill in for Kendrick Perkins, who is expected to be out five to six months with a severe knee injury. Rasheed Wallace also has indicated he plans to retire.
After falling one game short of winning their second NBA championship in three years, the Celtics have been active in free agency to solidify their roster for another run.
The Celtics reached agreement on a two-year, $20 million contract with Ray Allen on Wednesday, five days after giving Paul Pierce a four-year, $61 million extension. Coach Doc Rivers also announced last week he would return for another season.
O'Neal, 31, averaged 13.6 points and 6.9 rebounds for the Miami Heat last season.
– Adrian Wojnarowski, 12:54 p.m. ET, July 8
Howard looking for new contract
Washington Wizards free-agent forward Josh Howard is optimistic his knee injury won't keep him from landing a new contract soon.
Howard had surgery to repair a torn anterior cruciate ligament in his left knee in March and was projected to be out six to eight months. He suffered the injury in just his fourth game with the Washington Wizards after being traded by the Dallas Mavericks.
“The doctors say I’m ahead of schedule in my fourth month of rehab,” Howard told Yahoo! Sports. “I’m optimistic I’ll be ready by the start of the regular-season.”
Howard averaged 12.7 points and 3.6 rebounds in 35 games for Washington and Dallas last season. While Washington was the first team to express interest after free agency began, Howard said Miami, New York, Sacramento, Boston and the Los Angeles Clippers have also been in contact with his agent.
Howard hopes to sign with someone within the next two weeks.
“I’m going to be open-minded,” Howard said. “But I have some loyalty to Washington for getting me out of my situation with Dallas. I have interest in them. But I have to keep my options open.”
– Marc J. Spears, 12:14 p.m. ET, July 8
Nets to sign Outlaw to $35 million deal
The New Jersey Nets have reached agreement on a five-year, $35 million contract with forward Travis Outlaw, Outlaw's agent told Yahoo! Sports.
The contract is fully guaranteed and doesn't contain a fourth-year opt-out. Outlaw is expected to sign next week.
Outlaw, 25, split last season between the Portland Trail Blazers and Los Angeles Clippers. He appeared in only 34 games total after breaking his left foot early in the season.
During his six-plus seasons with the Blazers, Outlaw became one of the team's best fourth-quarter scorers. He averaged 12.8 points and 4.1 rebounds in 81 games for Portland during the 2008-09 season.
– Marc J. Spears, 11:47 a.m. ET, July 8
Raptors sign Kleiza to offer sheet
If the Nuggets don't match the deal over the next seven days, the Lithuanian – who played with them from 2005-09 – will be a Raptor. Kleiza played for Greece's Olympiacos last season and terminated his contract on Wednesday.
– Marc J. Spears, 9:25 a.m. ET, July 8
O'Neal eyes Celtics
The Celtics and Nuggets are believed to have offered O’Neal near the midlevel exception of $5.8 million over two seasons, sources said.
O'Neal still had plans late Wednesday to talk with a couple of Celtics players about family issues, such as schools and areas to live.
Boston needs a center to help fill in for Kendrick Perkins(notes), who is expected to be out five to six months with a severe knee injury. Rasheed Wallace(notes) also has indicated he plans to retire. The Celtics also reached agreement on a two-year, $20 million contract with Ray Allen(notes) on Wednesday, five days after giving Paul Pierce(notes) a four-year, $61 million extension.
O’Neal could make his decision sometime Wednesday night or Thursday, sources said.
O’Neal averaged 13.6 points and 6.9 rebounds for the Heat last season.
– Adrian Wojnarowski, 9:40 p.m. ET, July 6
Nets assess options
After losing out on Carlos Boozer(notes) to the Chicago Bulls, the New Jersey Nets have targeted three players in discussions: Tyrus Thomas(notes), Travis Outlaw(notes) and Kyle Korver(notes), league sources told Yahoo! Sports.
The Nets have $30 million in cap space, but aren’t under great pressure to use it all. They’re holding out a faint hope for LeBron James(notes), but with no running mate in New Jersey, James is destined to sign with Cleveland, Miami or New York.
New Jersey made an offer for $75 million over five years for Boozer, but Boozer’s agent Rob Pelinka went back to the Bulls and received an $80 million deal.
Thomas is a restricted free agent that the Nets have long been intrigued with, and a frontloaded offer sheet could put him out of reach of the Bobcats. The Nets could make offers quickly for Korver and Outlaw, who are unrestricted free agents, source say.
– Adrian Wojnarowski, 9:40 p.m. ET, July 6
Magic favorites to keep Redick
The Magic would have seven days to match any offer sheet Redick signs with another team.
– Adrian Wojnarowski, 9:40 p.m. ET, July 6
Celtics to re-sign Allen
Allen is scheduled to make $10 million in each season of the deal. The second year is at his option.
– Marc J. Spears, 9:29 p.m. ET, July 6
Boozer lands $80 million deal from Bulls
Boozer joins a talented young core that includes point guard Derrick Rose(notes) and center Joakim Noah(notes). The Bulls also have enough salary-cap room left to sign another player to a maximum contract.
Boozer mentioned the Bulls last summer as a team in which he hoped to be traded. Three of his six seasons with the Utah Jazz were cut short by injuries, but he missed just four games last season while averaging 19.5 points and 11.2 rebounds.
– Adrian Wojnarowski, 4:55 p.m. ET, July 7
Wade, Bosh commit to Heat
Dwyane Wade(notes) and Chris Bosh(notes) have decided to sign with the Miami Heat while continuing to recruit LeBron James(notes) to help them form an All-Star triumvirate that threatens to shift the NBA’s balance of power, two sources with knowledge of the plans told Yahoo! Sports.
“They think they’ve got a real chance to pull this off with LeBron,” a league source said.
Said an official with one team that made a formal presentation to James: "It's down to Cleveland or Miami for him."
Still, other league executives weren't yet ready to rule out the Knicks.
The three players shared a call after midnight on Wednesday, when Wade and Bosh told James they were committing to the Heat, a source said. James didn’t commit with them, but kept his own plans private for a television announcement on Thursday night. Wade and Bosh formally announced their decision on Wednesday afternoon.
“I’m so glad it’s over,” Wade said in an interview with The Associated Press. “I had to do what was best for me. And I know I did that.”
Wade and Bosh decided they needed to make a commitment to give them the best possible chance of luring more talent – including James – with the additional salary-cap space in Miami.
Had James been able to convince Bosh to come to Cleveland in a sign-and-trade, sources said Wade had decided he would leave Miami for the Chicago Bulls.
Only now, the Heat need to dump more salary – namely, Michael Beasley(notes) – to get more space to sign James. If Wade takes a max deal, his salary will start at $16.5 million next season – which leaves just under $30 million under the cap for Bosh and James. The Heat would look to move Beasley’s $4.9 million to a team with cap space to create more room.
If James doesn’t come, the Heat are targeting free agent Mike Miller(notes) to take part of the third salary slot with Wade and Bosh. Wade has been personally pushing Miller to Heat president Pat Riley, sources said. Miller has Miami at the top of his list, sources close to him said. New York, Chicago and the Los Angeles Clippers are also among his most aggressive pursuers.
With Bosh and Wade committed, the Chicago Bulls moved quickly to reach agreement on a five-year, $80 million contract with Carlos Boozer. The New Jersey Nets were also in talks with Boozer and may now try to sign David Lee.
ESPN first reported Wade and Bosh’s plans.
– Adrian Wojnarowski and Marc J. Spears, 9:10 a.m. ET, July 7