2014 Free Agency Buzz: LeBron James Returns to the Cavaliers

David Richard-USA TODAY Sports

[The top of this post will update regularly as news breaks during the day. For immediate updates, read the comments at the bottom!]

The Latest:

- Steve Blake has signed a contract with the Blazers for the Bi-Annual Exception. It's a 2-year, $4.2 million deal, with a player option for season 2.

This will be Steve's third stint with the Blazers.

- Multiple sources are reporting that Chandler Parsons signed the Mavericks' 3 year, $45 million offer sheet this morning. The Houston Rockets have three days to decide to match. They must decline the match if they want to sign Chris Bosh.

- John Martin of ESPN929.com reports that Portland is one of several teams interested in unrestricted free agent forward Mike Miller.

Grizzlies' free agent Mike Miller will visit the Denver Nuggets Sunday and Monday, a source told 92.9 FM ESPN Saturday morning.

Oklahoma City, Houston, and Portland are also interested in the veteran shooter's services. Denver does have a mid-level exception available, though using it would likely put the Nuggets into the luxury tax.

- Marc Stein of ESPN.com reports that the Dallas Mavericks have reached agreement with Rockets SF Chandler Parsons for 3 years and $45 million. He will sign the offer early Thursday, giving the Rockets three days to match.

- Marc Stein of ESPN.com reports that the Cavaliers have traded Jarrett Jack and Sergey Karasev to the Nets in a three-team trade with the Celtics that helps free up enough cap space to make a max offer to LeBron James. Brooklyn's Marcus Thornton, Cleveland's Tyler Zeller and Cleveland's 2016 protected first-round pick go to Boston.

- Adrian Wojnarowski of Yahoo Sports reports on Twitter that the Hornets have agreed to offer Jazz restricted free agent forward Gordon Hayward a four-year, $63 million offer sheet. Once the moratorium is lifted on July 10, Utah will have three days to decide whether or not to match the offer and retain Hayward.

Utah has been here before. Portland offered long-term contracts to both Paul Millsap and Wesley Matthews when they were Jazz restricted free agents. Utah, of course, matched on Millsap and let Matthews go.

- Marc J. Spears of Yahoo Sports reports that Mo Williams will meet with the Dallas Mavericks on Tuesday.

- Tim MacMahon of ESPNDallas.com is also reporting the meeting.

Veteran guard Mo Williams is scheduled to meet Tuesday with Dallas Mavericks coach Rick Carlisle, sources said, but the team's primary focus in free agency remains finding a starting small forward and coming to terms with sixth man Vince Carter.

The meeting with Williams, first reported by Yahoo! Sports, is not indicative that a deal is imminent.

- Adrian Wojnarowski of Yahoo Sports reports on Twitter that unrestricted free agent forward/center Channing Frye has signed a four-year, $32 million contract with the Magic.

- Marc Stein at ESPN reports that Josh McRoberts has agreed to join the Miami Heat for the mid-level exception. He has a player option for the fourth season.

- Adrian Wojnarowski of Yahoo Sports reports that Boris Diaw is heading back to the Spurs on a three-year, $22 million contract.

- Broderick Turner of the Los Angeles Times reports that Jordan Farmar is heading to the Clippers on a two-year, $4.2 million contract.

- Tim MacMahon of ESPN Dallas reports on Twitter that the expectation is that a deal will get done between the Mavericks and Vince Carter, who is an unrestricted free agent.

- Marc Stein of ESPN.com reports on Twitter that the Mavericks are closing in on an agreement with point guard Devin Harris. Tim MacMahon of ESPN.com reports on Twitter that the deal could be worth $9 million over three years. Jody Genessy of the Deseret News reports on Twitter that Harris will receive $16 million over four years.

Dallas also recently traded for Raymond Felton, and has been linked in reports to interest in Blazers unrestricted free agent guard Mo WIlliams.

- Chris Haynes of CSNNW.com reports that communication is continuing between Williams and the Blazers after Portland's Sixth Man met with Dallas last week.

- Adrian Wojnarowski of Yahoo! Sports reports that the Clippers have signed Spencer Hawes to a 4 year contract at the full mid-level exception ($23 million). He also reported that Hawes declined the Blazers' offer Thursday, after which Portland moved on to Chris Kaman.

- According to multiple reports, the Blazers signed C Chris Kaman to a two-year, $10 million contract. This is presumably Portland's Mid-Level Exception, but this has not yet been confirmed. The second year is partially guaranteed. See Dave's Analysis

- Rumors are swirling that LeBron James is not completely sold on staying with the Heat, and his representatives have talked to other teams, including Phoenix and Cleveland.

- Jared Zwerling of Bleacher Report reports that Mo Williams just met with the Dallas Mavericks today and said they had "positive momentum". He later reported, "I'm told his desired team is Dallas".

- Paul Cora of the Arizona Republic reports that Spencer Hawes is meeting with the Phoenix Suns today.

- ESPN's Marc Stein reports that the Mavericks have signed Dirk Nowitzki to a 3 year contract.

- Chris Haynes of CSNNW.com reports: "On Day 1 of free agency the Portland Trail Blazers inquired about the interest of veteran free agent point guard Steve Blake, league sources informed CSNNW.com. These sources that requested anonymity describes the call to his representatives as merely a 'feeler' inquiry with sides expected to reengage down the road."

Blake is an unrestricted free agent after spending last season with the Lakers and Warriors.

- The Kings signed Darren Collison for a three year, full MLE contract.

- Vince Ellis of the Detroit Free Press expands on Portland's interest in Pistons restricted free agent forward/center Greg Monroe, which had been reportedly earlier this week...

Monroe's camp was working on a deal with the Blazers shortly before the free agency moratorium began. Monroe's agent David Falk was trying to get something in place before Portland met with free-agent center Spencer Hawes. The Blazers reportedly met with Hawes as soon as the period began Tuesday.

Portland Trail Blazers News and Rumors

The Blazers met with Spencer Hawes:

- Adrian Wojnarowski of Yahoo! Sports reports on Twitter that Blazers GM Neil Olshey and coach Terry Stotts met with Cavaliers unrestricted free agent center Spencer Hawes and his agent on Monday night in Los Angeles. Wojnarowski adds that the Cavaliers are "determined" to keep Hawes.

- Ken Berger of CBS Sports updated the Blazers' interest in Hawes:

The Heat also have Spencer Hawes on their radar, but league sources confirmed that the Portland Trail Blazers secured the first meeting with the free-agent center in Los Angeles early Tuesday. Blazers coach Terry Stotts, a creative offensive tactician, holds strong pull with Hawes. The Cavs also registered interest in bringing Hawes back

- Broderick Turner of the Los Angeles Times reports on Twitter that Hawes is hoping to earn $8 million per year, which would made it difficult for Portland to land him.

- Joe Freeman of The Oregonian reports on Twitter that the Blazers are interested in Spencer Hawes (Cavaliers), Boris Diaw (Spurs) and Josh McRoberts (Hornets), who are all unrestricted free agents. Joe also reported that the Hawes visit "went very well" and that there is "genuine interest" from Hawes.

- Joe Freeman of The Oregonian reports on Twitter: "Spencer Hawes is 'very interested' in joining the Blazers, according to a league source with knowledge of Hawes' thinking. ... It's unclear when Hawes will make his decision, but the source said the free agent center was in 'no rush.'"

- Jeff Goodman of ESPN.com reports on Twitter that Hornets unrestricted free agent forward Josh McRoberts is generating interest from a number of teams: "Charlotte, Dallas, Cleveland, Miami, Clippers, Knicks, Portland, Phoenix, Spurs and Lakers."

Buzz About Other Possible Blazers:

- Chris Haynes of CSNNW.com reports on Twitter that the Blazers haven't yet reached out to Suns unrestricted free agent forward/center Channing Frye, but they have expressed interest in Bobcats unrestricted free agent forward Josh McRoberts.

- Marc Stein of ESPN.com reports on Twitter that the Blazers called Nets unrestricted free agent forward Paul Pierce to express interest.

- Jeff Caplan of NBA.com reported that the Blazers have interest in the Lakers' Kent Bazemore, who is now an unrestricted free agent.

- Joe Freeman of The Oregonian reports: "Unrestricted free agent Channing Frye, who played for the Blazers from 2007-2009, told The Oregonian on Monday he would be open to returning to Portland. 'Of course coming back would be an option,' Frye wrote in an e-mail to The Oregonian. 'I love the city, the fans, and the players they have are top notch.'"

- Marc Stein of ESPN.com reports on Twitter: "I'm told Portland has serious interest in a sign-and-trade for [Pistons forward/center Greg] Monroe."

- Tim MacMahon of ESPNDallas.com reports that the Blazers will join the Heat, Thunder and Raptors in pursuing Mavericks guard Vince Carter. Dallas is seen as the favorites to retain him.

Current Blazers:

- Chris Haynes of CSNNW.com reports that Damian Lillard's free agency "wish list" is: Mo Williams, Channing Frye, Vince Carter, Spencer Hawes and Trevor Ariza.

- Jared Zwerling of Bleacher Report reports on Twitter: "Mo Williams has big interest in Mavericks, and will plan meeting. Mo has his own hoops center and successful AAU program in Dallas."

- Haynes also reports on Twitter that Mo Williams' "only goal" is to reach an agreement to return with the Blazes and that he hasn't yet set up any other meetings.

- [Plug alert: Carter, Hawes and Ariza are all on my top 25 free agents of 2014 list if you're interested. -- Ben]

Former Blazers:

- Former Blazer (and unrestricted free agent) Patty Mills was diagnosed with a torn rotator cuff in his right shoulder, and will be out of action for up to 7 months. Marc Stein of ESPN.com reports on Twitter that the Spurs will still look to re-sign Mills.

- Buck Harvey of the San Antonio Express-News reports on Twitter that Patty Mills and the Spurs have agreed to a three-year contract. It's believed to be worth $12 million.

- The Brooklyn Nets have hired Lionel Hollins as head coach, replacing Jason Kidd.

- Adrian Wojnarowski of Yahoo! Sports reports that Blazers scouting director Chad Buchanan has agreed to become assistant GM of the Hornets.

The Rest of the NBA

- Adrian Wojnarowski of Yahoo! Sports reports that the Cleveland Cavaliers are preparing an salary offer sheet to Gordon Hayward. ESPN's Brian Windhorst reports that it may be a max contract. The Jazz will have a chance to match it. This would be a bigger offer than Minnesota made to Nicolas Batum, which the Blazers matched.

- Adrian Wojnarowski of Yahoo! Sports reports that Shaun Livingston has agreed to a 3 year, $16 million contract (full MLE) with the the Golden State Warriors. The third year is partially guaranteed.

- Adrian Wojnarowski of Yahoo! Sports reports that Marcin Gortat has agreed to a five year, $60 million contract extension with Washington

- Adrian Wojnarowski of Yahoo! Sports reports on Twitter that Jodie Meeks agreed to a 3 year, $19 million+ contract with the Detroit Pistons.

- Cavaliers owner Dan Gilbert announced on Twitter that Kyrie Irving has agreed to a five-year rookie extension expected to be worth $90 million.

- Sean Deveney of The Sporting News reports that the Heat are interested in Steve Blake, Vince Carter and Shawn Marion.

- Adrian Wojnarowski of Yahoo Sports reports on Twitter that the Heat have contacted Cavaliers unrestricted free agent forward Luol Deng to express interest.

- Marc Stein of ESPN.com reports on Twitter that the Mavericks and Bulls are interested in Rockets restricted free agent forward Chandler Parsons.

- David Aldridge of NBA.com reports on Twitter that the Rockets are interested in Raptors unrestricted free agent guard Kyle Lowry.

- Shams Charania of RealGM.com reports that the Spurs have decided to keep forward Austin Daye.

- The Warriors have allowed guard Jordan Crawford to become an unrestricted free agent.

- The Sixers have released guard James Anderson.

- The Bucks have allowed forward Ekpe Udoh to become an unrestricted free agent.

- The Pistons have allowed veteran guard Chauncey Billups to become an unrestricted free agent.

- The Magic have released veteran point guard Jameer Nelson, whose $8 million contract was only guaranteed for $2 million. Orlando has also claimed former Clippers guard Willie Green off of waivers.

- Jeff Zillgitt of USA Today Sports reports on Twitter that the Pacers will allow guard Evan Turner to become an unrestricted free agent.

- Adrian Wojnarowski of Yahoo Sports reports on Twitter that Grizzlies power forward Ed Davis will become an unrestricted free agent.

- The Hawks have agreed to trade guard Lou Williams and center Lucas Nogueira to the Raptors in exchange for forward John Salmons, according to multiple reports. Salmons will be waived. [More here]

-----------------------

At 9pm PDT on Monday, June 30, NBA teams are cleared to have contract discussions with players. No contracts can be signed until a week later, but verbal agreements are common in this stage. With very rare exceptions, verbal agreements are generally considered binding for purposes of news reports.

Cap space available to the Blazers: None.

Barring any trades, they will have the following cash to use:

- Mid-Level Exception: Approx. $5.3 million (can be split among multiple players)
- Bi-Annual Exception: Approx $2 million
- Other players can be signed at the minimum salary

- They can also re-sign Mo Williams without affecting their available cash, using the Non-Bird Exception. Unless he gets a good offer from another team, there's a decent chance he works out a deal with Portland.

Hang out here and chat about all the news and rumors. If any major news involves the Blazers, Dave, Ben or I will have a new post for that as quickly as possible. In the meantime, feel free to discuss here.

For purposes of the next few days, please don't post transaction news in the Fanposts and Fanshots. Post it here in the comments, and we'll add it to this article in a one-stop shop! Thanks! -- Tim

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