NBA rumors: Hayward sign-and-trade talks have been quiet; Rudy Gay heads to Spurs

1:22 | NBA
NBA Free Agency: Which team has handed out the worst contract?
Thursday July 6th, 2017

Free agency began at 12:01 a.m. last Saturday, ushering in the first day of the league’s new Collective Bargaining Agreement.

The weekend kicked off with a bang when Paul George was traded to the Thunder and Stephen Curry and Blake Griffin agreed to new max contracts with their respective teams. Gordon Hayward has agreed to join the Celtics. Stars like Carmelo Anthony could still be on the move through trade.

Don't forget: Free agents can agree to deals but cannot sign contracts until July 6 at 12:01 p.m Eastern, when the NBA's moratorium period ends.

Check out the latest news and rumors from around the league.

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Thursday evening

• The Knicks will need to renounce the $29.7 million cap hold of Derrick Rose in order to sign Tim Hardaway, Jr. with room. (Bobby Marks, ESPN)

• Atlanta Hawks restricted free agent Tim Hardaway, Jr. has signed a four-year $71 million offer sheet with the New York Knicks. The contract has a player option and a 15% trade kicker. (Shams Charania, The Vertical and Adrian Wojnarowski and Ian Begley, ESPN)

• Boston, Utah sign-and-trade talks have been quiet since this morning. Boston has asked around the league about Avery Bradley, Marcus Smart and Jae Crowder. (Adrian Wojnarowski, ESPN)

• The Houston Rockets are trying to trade their $10 million in non-guaranteed contracts for players or assets. (Adrian Wojnarowski, ESPN)

• James Johnson agreed to framework of a four-year deal to stay with the Miami Heat. (Adrian Wojnarowski, ESPN)

• Vince Carter agreed to an $8 million, one-year deal with the Sacramento Kings. (Adrian Wojnarowski, ESPN)

• Rudy Gay agreed to a two-year deal with the San Antonio Spurs. (Adrian Wojnarowski, ESPN)

• Josh McRoberts of the Miami Heat and A.J. Hammons of the Dallas Mavericks have been part of trade talks between the two teams. (Tim MacMahon, ESPN)

• The Miami Heat and Dallas Mavericks have had discussions about a deal that would clear cap space for Miami. (Tim MacMahon, ESPN)

• Kelly Olynyk has agreed to a four-year deal with the Miami Heat. (Adrian Wojnarowski, ESPN)

• The Washington Wizards received Otto Porter's $106 million offer sheet from the Brooklyn Nets. It includes a player option and a trade kicker. (Adrian Wojnarowski, ESPN)

Thursday

• The Clippers have agreed to a deal with CSKA Moscow guard Milos Teodosic. (Adrian Wojnarowski, ESPN)

• The Mavericks are finalizing a new two-year deal with Dirk Nowitzki. (Tim MacMahon, ESPN)

• Veteran forward James Jones, who has made seven straight NBA Finals as LeBron James’s teammate with the Heat and Cavs, will not return to Cleveland next season. (Joe Vardon, Cleveland.com)

• The Boston Celtics are trying to create enough salary-cap room to give Gordon Hayward a four-year, $128 million maximum contract. The team is discussing trades involving Marcus Smart, Jae Crowder and Avery Bradley. (Ramona Shelburne and Adrian Wojnarowski, ESPN.com)

• The Cleveland Cavaliers offered Chauncey Billups a below-market salary of $2 million a year for the role of serving as president of basketball operations. Billups eventually turned down the offer. (Chris Haynes and Marc J. Spears, ESPN.com)

• Teams are already speculating on how to acquire Bucks forward Giannis Antetokounmpo once his contract nears an end. Antetokounmpo signed a four-year, $100 million extension before the start of last season. (Adrian Wojnarowski, ESPN.com)

• The Knicks have touched base with veteran free agent guards Derrick Rose, Rajon Rondo and Shelvin Mack. (Ian Begley, ESPN.com)

• The Knicks are also looking into trade options and have interest in Marcus Smart. (Marc Berman, New York Post)

• Free agent center JaVale McGee is scheduled to meet with the Sacramento Kings on Thursday. (Chris Haynes, ESPN.com)

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