The latest news and rumors from the NBA off-season and Team USA's performance in the Olympics.

August 19, 2016

By Tom Downey, Chat Sports

The Olympic basketball semifinals are Friday, with the United States taking on Spain and Serbia taking on Australia. Serbia's run has been particularly impressive, with Nikola Jokic the only player on an NBA roster. The bronze and gold medal games are scheduled for Sunday.

Check out the latest NBA news and rumors below. 

• Jason Terry is close to signing with the Milwaukee Bucks, ESPN's Marc Stein reports. Terry would provide three-point shooting and veteran leadership. 

• Tony Parker doesn't plan on retiring any time soon. The 34-year-old point guard told USA Today that he wants to play five more years and retire with the San Antonio Spurs. 

• The Miami Heat added veteran point guard Beno Udrih earlier this week, but he has not been guaranteed playing time. The Miami Herald reports head coach Erik Spoelstra wants Udrih to add veteran leadership. 

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• The Cleveland Plain Dealer reports there isn't much interest in guard J.R. Smith from other NBA teams because of Smith's previous actions on and off-the-court. Smith wants a multi-year deal worth $15 million per season.

• Caron Butler has interest in joining the New York Knicks, reports Anthony Donahue of SNY. Butler played for the Sacramento Kings last year, but saw action in only 17 games. 

• Earlier this off-season, Derrick Rose said the Knicks were a "super team" like the Golden State Warriors. Rose was ripped for those comments, but accoring to ESPN, Rose is standing by what he said, saying he still believes it

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• The Phoenix Suns have big plans for next off-season. General manager Ryan McDonough said the team hopes to be a "major player" in free agency next year. 

• The injured wrist of Los Angeles Lakers forward Larry Nance Jr. is "close to completely healed," reports Mike Trudell of Lakers.com. Nance sprained it during the Summer League. 

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