Al Jefferson will sign a three-year, $41 million deal with the Bobcats. The deal has only been agreed to in principle as free agents can't officially sign until July 10.
J.R. Smith and the Knicks are finalizing a contract extension that will keep the NBA's reigning Sixth Man of the Year with the club for another four years.
According to a Knicks source, the deal could be completed by Thursday.
Smith is expected to receive the “average player salary exception,” which could amount to $24 million over four seasons.
The Kings will not match the four-year, $44 million offer sheet that Tyreke Evans has agreed to sign with the New Orleans Pelicans. According to sources close to the situation, the new Kings management group instead is hoping to close Thursday on a sign-and-trade agreement involving Pelicans point guard Greivis Vasquez and backup center Robin Lopez.
OK, so the big picture here has a lot of moving parts. Let's go through it.
New Orleans is clearly swinging for the fences right now. They just added Tyreke Evans, and have given no indications they plan to trade Eric Gordon. And they traded for Jrue Holiday at the draft. So they are looking at possibly putting Evans at small forward, and running out Holiday-Gordon-Evans-Ryan Anderson-Anthony Davis and then my head explodes.
Eric Gordon, now that the Pelicans have gotten his AAU buddy, Jrue Holiday, is way happier after months of dischord.
When New Orleans had reportedly extended a huge offer sheet to Evans, there was a lot of confusion. Would they move Gordon? Would the Kings match (as they had indicated they would)?
Then things got weirder, as the Kings offered, and then pulled, an offer sheet to Andre Iguodala for four-years, $52 million. It was thought that they yanked that offer to keep room to match Evans. But now it looks like they're not doing so. Like I said, this is all confusing and weird.
Meanwhile, the Blazers would do really well in this deal, depending on what they give up. They need a center, badly, with starter J.J. Hickson an underwhelming free agent. Lopez fits perfectly next to LaMarcus Aldridge and instantly makes the team better while not surrendering a massive contract.
The Kings get Vasquez, because what they really need is another guard, apparently. (See also: Isaiah Thomas, Ben McLemore, Jimmer Fredette, John Salmons.)
This deal is still evolving, so we'll have to see how it turns out, but it definitely looks like a major change for the Kings, Pelicans and Blazers going forward if it goes through.