Source: Warriors sign Maggette for $50M (AP) 07/08/2008

In this March 1, 2008, file photo, Los Angeles Clippers' Corey Maggette goes up for a dunk against the Detroit Pistons during an NBA basketball game in Los Angeles. The Golden State Warriors will sign free agent Maggette to a five-year contract worth around $50 million, a person with knowledge of the deal told The Associated Press on Tuesday night, July 8, 2008. The person, speaking on condition of anonymity because the deal can't be announced until Wednesday at the earliest, confirmed Maggette will leave the Clippers for a lucrative long-term deal with the Warriors.

The Golden State Warriors will sign high-scoring free agent Corey Maggette to a five-year contract worth around $50 million, a person with knowledge of the deal told The Associated Press on Tuesday night. The person, speaking on condition of anonymity because the deal can't be announced until Wednesday at the earliest, confirmed Maggette will leave the Los Angeles Clippers for a lucrative...


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  Source: 76ers' deal paves way for Brand? (AP) 07/08/2008

In this April 2, 2008, file photo, Los Angeles Clippers' Elton Brand goes up for a basket against the Seattle SuperSonics during the first quarter of an NBA basketball game in Seattle. The Philadelphia 76ers have agreed to trade forward Rodney Carney and a future No. 1 pick to the Minnesota Timberwolves, two people in the NBA told The Associated Press on Tuesday, July 8, 2008, in a deal that clears salary cap space for Philadelphia to make a stronger play for Brand.

The 76ers have agreed to trade forward Rodney Carney and a future No. 1 pick to the Minnesota Timberwolves, two people in the NBA told The Associated Press on Tuesday, in a deal that clears salary cap space for Philadelphia to make a stronger play for free agent Elton Brand. The people spoke on condition of anonymity because the trade had not yet been completed and the NBA trade moratorium is not...


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  NBA sets salary cap at $58.680 million (AP) 07/08/2008
The NBA set its salary cap for the 2008-09 season at $58,680,000, clearing the way for teams to sign free agents and make trades Wednesday. The tax level was set at $71.150 million and the mid-level exception was $5.585 million. Any team with a payroll exceeding the tax level will pay a dollar for each dollar it's over the amount. _______________________________________________________________________________________________________________________________
  Heat's Beasley struggles in second game (AP) 07/08/2008

Miami Heat forward Michael Beasley sits on the bench with an ice pack on his leg during the fourth quarter of an NBA summer league basketball game against the New Jersey Nets in Orlando, Fla., Tuesday, July 8, 2008.

Michael Beasley griped about some calls, tumbled after missing layups, then shook his head in disappointment after a rebound bounced off his outstretched hands. His first summer league game drew raves. In his second, well, Beasley looked like a rookie again. One day after scoring 28 points in his much-hyped debut, Beasley returned to earth Tuesday, finishing with only nine points in Miami's 90-81...


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  Report: Magic to sign SG Pietrus (AP) 07/08/2008
The Orlando Magic will sign Mickael Pietrus to a multiyear deal, Florida Today reported on its Web site Tuesday. The deal is set to become official when the NBA's free-agent signing period opens Wednesday. Magic general manager Otis Smith confirmed the deal to the newspaper, and it's expected that Pietrus will immediately slide into the starting shooting guard spot with Orlando, which reached the... _______________________________________________________________________________________________________________________________
  Grizzlies sign 1st-rounders Mayo, Arthur (AP) 07/08/2008
First-round draft pick O.J. Mayo signed a multiyear contract with the Memphis Grizzlies on Tuesday. Memphis got the rights to Mayo, the No. 3 overall selection, in an eight-player trade just hours after the NBA draft ended. The Grizzlies also announced the signing of Darrell Arthur, the 27th selection in the draft. _______________________________________________________________________________________________________________________________
  Knicks sign No. 6 overall pick Gallinari (AP) 07/08/2008
The Knicks signed first-round draft pick Danilo Gallinari on Tuesday and expect to have him ready to play in summer league games next week in Las Vegas. Gallinari was taken sixth overall in June, and Knicks fans at the draft jeered and booed when the big Italian's name was called. According to the NBA's rookie scale, Gallinari is set to average about $2.6 million in salary over the first three... _______________________________________________________________________________________________________________________________