The Los Angeles Lakers officially signed Ron Artest to a three-year deal worth $18 million, however the World Champions are still negotiating with Lamar Odom. Talks are somewhat complicated because Odom wants $10 million per year, but due to salary cap issues, the Lakers can only afford to pay him around $8 million per year. Rumors are that Odom will sign with a team within the next week or so, and all Laker fans should be praying that that team is the Lakers because without him the Lakers will not repeat. Other teams that could potentially sign Odom are the Portland Trail Blazers and the Utah Jazz, however the Lakers are probably still the favorites to sign him.
Trevor Ariza signed a 5-year deal with the Houston Rockets. Ariza's contract is worth $32 million, which is the same amount of money he would have been making had he stayed with the Lakers.
The Boston Celtics signed power forward Rasheed Wallace to a three-year deal at the mid-level exception. Wallace brings depth and veteran leadership to a Celtics team that is looking to rebound from last year, during which they lost to the Orlando Magic in the Eastern Conference Semi-Finals.
Antonio McDyess signed three-year with the San Antonio Spurs that is worth $15 million. McDyess spent the past five seasons in Detroit.
Mike Bibby has verbally agreed to a three-year deal to stay with the Atlanta Hawks.
Jason Kidd re-signed with the Dallas Mavericks, as the nine-time All-Star agreed to a three-year deal worth $25 million.
One of the biggest moves in the off-season came via a four-team trade, which was highlighted by Shawn Marion going to the Dallas Mavericks and Hedo Turkoglu going to the Toronto Raptors. The Mavericks are now serious contenders in the Western Conference, while Toronto hopes that landing Tukoglu can convince four-time All-Star Center Chris Bosh to re-sign with the team next summer.
Stay tuned for more updates and other sports-related news to come this week.
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