NBA free agency blog: Follow latest signings, rumors and buzz

With NBA free agency under way, the rumor mill is churning at high speed. Which teams are looking to swing deals? Which free agents are eyeing new teams? Here

With NBA free agency under way, the rumor mill is churning at high speed. Which teams are looking to swing deals? Which free agents are eyeing new teams? Here are the latest news and reports:

MORE NBA: Free agent tracker | Grading every deal so far

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Report: Stephenson situation could drag out

Buzz among execs is that Lance Stephenson situation could drag out for awhile. "I don't think Indiana can go much higher," said one.

— Chris Mannix (@SIChrisMannix) July 15, 2014

Report: Bucks shopping Ilyasova "hard"

Bucks are still shopping Ilyasova and, as an NBA official added "shopping him hard."

— Gery Woelfel (@GeryWoelfel) July 14, 2014

Report: Greg Monroe's free agency making SVG nervous. MLive.com: "The nervousness is just the unknown," he said. "It's not knowing, beyond this year, especially, where you're going. But again, we have plenty of time, if something happened, to adjust for next year and everything else."​

Report: Jerrett, Thunder reach agreement on multi-year deal

Free agent Grant Jerrett has reached agreement on a multi-year deal to re-sign with the Oklahoma City Thunder, league source tells RealGM.

— Shams Charania (@ShamsCharania) July 14, 2014

Report: Magic-Bulls execute minor trade

The Magic are working on a minor trade with the Bulls in which the Magic would trade the draft rights to Milovan Rakovic . . .

— Josh Robbins (@JoshuaBRobbins) July 14, 2014

. . . to the Bulls and the Magic would receive a 2nd-rd pick from Chicago in 2015 + a 2nd-round pick in 2016, cash and . . .

— Josh Robbins (@JoshuaBRobbins) July 14, 2014

. . . and Anthony Randolph. The Magic intend to waive Randolph.

— Josh Robbins (@JoshuaBRobbins) July 14, 2014

Report: Alan Anderson to re-sign with Nets; deal worth less than $3 million over two years, with player option

Alan Anderson's deal is worth a little less than $3 million over two years. The second year is a player option. Good signing for the Nets.

— Tim Bontemps (@TimBontemps) July 14, 2014

Report: Rockets, Mavericks making a late play for Miller

Report: Rush to workout for teams this week

Regarding Brandon Rush (some reports of Heat interest), he'll be working out for some teams in Vegas this week.

— Jared Zwerling (@JaredZwerling) July 14, 2014

Rockets announce re-signing of Troy Daniels

Report: Lakers expect to hire coach in next week or two. ESPN: “The Los Angeles Lakers expect to hire a coach in the next "week or two," according to a league source, but do not consider the interview process to be finished.”​

Report: Thunder forward Jones out 4-6 weeks after undergoing knee surgery

Thunder spokesman says Perry Jones has undergone arthroscopic surgery on his right knee. Procedure was planned. Jones will miss 4-6 weeks.

— Darnell Mayberry (@DarnellMayberry) July 14, 2014

Heat announce signing of Granger

4:45 p.m. ET

Report: Bulls to trade Anthony Randolph, second-round picks to Orlando

As the Bulls keep clearing space, I'm told they'll send Anthony Randolph and two second rounders to Orlando. Randolph expected to be waived.

— Sam Amick (@sam_amick) July 14, 2014

Report: Rockets could target Rondo, Love

So look for Rockets to re-enter trade game for longtime Houston target Rajon Rondo as well as try to work their way into mix for Kevin Love

— Marc Stein (@TheSteinLine) July 14, 2014

Report: Rockets promised Bosh they would match Parsons offer sheet if Bosh committed

ESPN sources say Rockets promised Bosh they would match on Parsons if he committed and believed they were on brink of commitment from Bosh

— Marc Stein (@TheSteinLine) July 14, 2014

Report: Casspi expected to be released by Pelicans

Reports: Salmons agrees to one-year, $2 million deal with Pelicans

Free agent John Salmons has agreed to one-year, $2 million deal with the Pelicans, league source says. @ESPNSteinLine first on agreement.

— Chris Haynes (@ChrisBHaynes) July 14, 2014

Heat announce re-signing of Chalmers

USA Basketball announces roster for men's national team

Report: Lee withdrew from national team roster while recovering from minor injury. San Jose Mercury News: “Warriors forward David Lee withdrew from the USA national team training camp roster that was announced Monday while recovering from "very minor" surgery a few weeks ago to address a core muscle injury, according to the Warriors.”

Report: Aldridge says he's not available for FIBA World Cup

Report: Spurs re-sign Bonner

Magic announce signing of Frye

Pistons announce signing of Jodie Meeks

Report: Gay taking his time, mulling extension with Sacramento

Report: Baron Davis interested in playing again

Report: Gasol expected to be Knicks' top target in summer 2015. New York Post: “The Knicks will have major cap room in 2015 and center Marc Gasol is expected to be their top target — unless LeBron James opts out if things somehow crash in Cleveland.”

Report: Celtics, Wolves interested in Evan Turner

Houston GM Morey: Rockets had a tough weekend

9 a.m. ET

Report: LeBron still recruiting Allen, who may retire

Report: Parsons to make USA Basketball roster

BIG night for Chandler Parsons. ESPN has learned Parsons will be added to Team USA roster announced Monday by USA Basketball

— Marc Stein (@TheSteinLine) July 13, 2014

Report: Wizards PG Wall won't be on USA basketball roster released Monday but could be added later

Wizards guard John Wall won't be included on USA Basketball roster Monday, but could be added for camp/World Cup later, source tells Yahoo.

— Adrian Wojnarowski (@wojespn) July 14, 2014

Report: Butler, Pistons agree to two-year, $10 million deal. ESPN: “The source told ESPN.com that the deal is for two years in the range of $10 million. Butler played last season with the Oklahoma City Thunder.”

Report: Pistons closing in on agreement with Butler

Hearing Detroit on the brink of signing Caron Butler after Butler's postseason run with Oklahoma City.

— Marc Stein (@TheSteinLine) July 14, 2014

Caron Butler's expected deal with Detroit said to be for two years in the $9 million range

— Marc Stein (@TheSteinLine) July 14, 2014

Report: Mavs targeting Stephenson. Indianapolis Star: "We're exploring a lot of options, a lot of different people," Cuban said on Saturday. "Hopefully, the Rockets won't match and we'll have Chandler and that changes what we're able to do, but Lance is certainly on the list."

Report: Nuggets are front-runners to land Miller

Denver currently the frontrunner to land Mike Miller, source told ESPN. Houston and Cleveland also in mix, but Nuggets offering best deal.

— Jeff Goodman (@GoodmanHoops) July 14, 2014

Hornets announce trade involving Hopson, Haywood

Report: Wizards, Mavs discussing sign and trade involving Blair

Washington and Dallas are in advanced discussions on a potential sign-and-trade deal that would land DeJuan Blair with Wizards

— Marc Stein (@TheSteinLine) July 14, 2014

Report: Gasol, Bulls finalizing three-year deal

Free agent forward Pau Gasol is finalizing a three-year, $22M-plus contract with the Chicago Bulls, league sources told Yahoo Sports.

— Adrian Wojnarowski (@wojespn) July 14, 2014

Report: Birdman to return to Heat

Chris Andersen -- the Birdman -- reaches agreement on a multi-year deal to return to the Miami Heat, league source tells Yahoo Sports.

— Adrian Wojnarowski (@wojespn) July 14, 2014

Hearing Chris Andersen's looming new deal with Miami is a two-year pact in the neighborhood of $10 million

— Marc Stein (@TheSteinLine) July 14, 2014

Report: Chalmers to return to Heat on two-year deal

Report: Rockets acquire Ariza in three-team trade

Report: Minnesota's stance on Kevin Love

Minnesota's current stance: No Wiggins for TWolves, No KLove for Cavs

— Chris Broussard (@Chris_Broussard) July 13, 2014

Report: European forward Mirotic to sign with Bulls

Report: Augustin, Pistons reach agreement on two-year deal

Free agent guard DJ Augustin has reached a two-year, $6 million deal with the Detroit Pistons, league sources tell Yahoo Sports.

— Adrian Wojnarowski (@wojespn) July 14, 2014

-- Compiled by Chris Johnson