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

11:30 p.m. ET

Report: Hornets reached out to Stephenson's representatives. Charlotte Observer: “Hornets management had contact with Stephenson’s representatives Tuesday, multiple NBA sources confirmed. Stephenson is one of the last name free agents in this class yet to sign, and the Hornets could use his scoring and shooting ability at the wings.”

Report: Pacers owner Simon comments on team's offer to Stephenson

Got in 1 question re: Lance. Simon: "We made him a wonderful offer and they didn’t think it was enough so it’s a simple situation."

— Candace Buckner (@CandaceDBuckner) July 16, 2014

Commissioner Adam Silver: NBA considering midseason tournament

Silver said the league is considering the idea of a midseason tournament, similar to soccer. Interesting. #nba

— gary washburn (@GwashburnGlobe) July 16, 2014

Report: Lakers to meet with Byron Scott again

Lakers GM Mitch Kupchak and Jim Buss will meet w/ Byron Scott again tomorrow, according to sources.

— Ramona Shelburne (@ramonashelburne) July 16, 2014

Mavericks, Rashard Lewis agree to one-year deal

Free agent forward Rashard Lewis has agreed to a one-year deal with the Mavericks, his agent Colin Bryant told Yahoo Sports.

— Marc J. Spears (@MarcJSpears) July 16, 2014

Report: Melo has no-trade clause in new Knicks deal

Carmelo Anthony has more power than you think. According to a league source, his new deal includes a no-trade clause, Daily News has learned

— Frank Isola (@TheFrankIsola) July 16, 2014

Report: Celtics guarantee PG Phil Pressey's contract

The #celtics have guaranteed the 2014-15 contract of guard Phil Pressey, according to an NBA source

— gary washburn (@GwashburnGlobe) July 16, 2014

Report: Kelly likely to re-sign with Lakers, Johnson likely gone

Ryan Kelly will likely reach deal soon w/ Lakers. Lakers like Xavier Henry, but no deal is imminent. Lakers unlikely to keep Wesley Johnson

— Mark Medina (@MarkG_Medina) July 16, 2014

9 p.m. ET

Report: Warriors, Wolves re-open trade talks for Kevin Love

Report: Wolves believe teams will meet asking price for Love. Akron Beacon-Journal: “The Timberwolves, according to sources, are willing to be patient in these trade talks. They believe the teams in pursuit of Love, including the Cavs and the Golden State Warriors, may not be as good now as those teams think they are and will ultimately meet their price -- Wiggins from the Cavs or Klay Thompson from the Warriors.”​

Report: Golden State still unwilling to part with Thompson in deal for Love. ESPN: “The Timberwolves and Warriors have continued to discuss a Kevin Love trade, but the teams remain unable to agree on the framework of a deal, with Golden State still unwilling to include Klay Thompson, according to sources close to the process.”

Report: Nick Calathes to remain with Grizzlies

Report: Center Smith signs one-year deal with Knicks

Free agent Jason Smith has signed a one-year, $3.3M deal with the New York Knicks, league source tells RealGM.

— Shams Charania (@ShamsCharania) July 15, 2014

Report: Miller to sign with Cavs

Celtics announce re-signing of Bradley

Heat announce re-signing of Deng

Report: Parsons says he knew of no deal involving Howard. Houston Chronicle: “Amid growing speculation that the Rockets made Chandler Parsons a restricted free agent in an agreement with agent Dan Fegan when Dwight Howard, also a Fegan client, signed with the Rockets, Parsons said he knew of no such deal.”

Heat announce signing of forward Ennis

5 p.m. ET

Report: Bulls amnesty Carlos Boozer

Bulls say goodbye to Carlos Boozer. Have used amnesty provision. Teams will be able bid for him.

— Sam Smith (@SamSmithHoops) July 15, 2014

Report: Wizards re-sign Gooden

Report: Miller still undecided; Denver, Cleveland leading

Free agent process of Mike Miller pushes on, w/ Denver and Cleveland leading stretch run. "He's legitimately torn," source in talks says.

— Adrian Wojnarowski (@wojespn) July 15, 2014

Report: Magic waive Randolph

The Magic have waived Anthony Randolph. Pretty incredible that he just turned 25 years old today, and has been on six teams in six seasons.

— Alex Kennedy (@AlexKennedyNBA) July 15, 2014

Report: Haslem to return to Heat

Udonis Haslem has agreed to return to Miami Heat on their $2.7 million space exception, source tells Sun Sentinel.

— Ira Winderman (@IraHeatBeat) July 15, 2014

Stephen A. Smith: if Durant leaves Thunder, it'd be for Wizards

Report: Rockets to sign center Joey Dorsey

Report: Adrien, Rockets agree to one-year deal

Pistons announce signings of Augustin, Butler

Report: Rockets could sign Greek forward 

Kostas Papanikolaou’s US Agent is scheduled to have a meeting with Houston Rockets to hear what role the Greek forward would have in HOU

— Sportando (@Sportando) July 15, 2014

Report: Nowitzki turned down max offers to stay in Dallas

Announcement of three-team trade involving Ariza, Asik

Report: Grizzlies unlikely to let Calathes leave

Memphis must stamp '14-15 guarantee today to keep Nick Calathes - who wants an out for Greece - but unlikely Griz let him go, sources say.

— Adrian Wojnarowski (@wojespn) July 15, 2014

Report: Warriors, Wolves re-open trade talks

Report: Akron planning homecoming party for LeBron. Associated Press: “Akron city spokeswoman Stephanie York says details of the event are still in the works — but it will be big.”​

Report: Spurs announce re-signing of Diaw

Reports: Wizards, Humphries agree to three-year deal

Report: Evan Turner 'top priority' for Wolves

#Twolves made an initial call on FA forward Trevor Booker. But never really followed up. He's off to Utah. Evan Turner remains top priority.

— Darren Wolfson (@DWolfsonKSTP) July 15, 2014

Report: Booker to join Utah on two-year deal

Report: Wade agrees to re-sign with Heat

Derek Fisher: Knicks will compete for playoffs

Heat's Napier upset with LeBron's departure

Report: Rubio seeking five-year, max extension from Wolves

Anthony officially announces return to Knicks.

9 a.m. ET

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: Miller leaning toward Cleveland, Denver still an option

Mike Miller now leaning towards Cleveland Cavs -- although Denver still in play, source told ESPN.

— Jeff Goodman (@GoodmanHoops) July 15, 2014

Denver has had best financial offer on the table for Mike Miller. But Rockets, Mavs and now Cavs farther down winning path he's said to seek

— Marc Stein (@TheSteinLine) July 15, 2014

Report: Rockets, Mavericksmaking a late play for Miller

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: Parsons "offended" by Rockets

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

Reports: Rockets in talks with Greek forward

Not certain yet, but I think so. RT @fawadhm: @Jonathan_Feigen Rockets signing kostas papanikolau?

— Jonathan Feigen (@Jonathan_Feigen) July 15, 2014

Source confirms Rockets are indeed in talks w/ Greek SF Kostas Papanikolaou. His rights were acquired in the Thomas Robinson-Blazers trade.

— ClutchFans (@clutchfans) July 15, 2014

Report: Pistons waive Siva, Harrellson

The Pistons waived Peyton Siva and Josh Harrellson to make room for Caron Butler and D.J. Augustin

— Vincent Goodwill (@VinceGoodwill) July 15, 2014

Report: Nets were interested in sign and trade with Clippers for Pierce

Nets were interested in doing a sign and trade w/Clippers involving Pierce but wanted a third team to take Clips players back, per sources.

— Chris Mannix (@SIChrisMannix) July 15, 2014

Report: Thunder showed interest in bringing back Rush

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: 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

-- Compiled by Chris Johnson