News from August 1. The NBA announced that the salary cap for 2000-01 is $35.5 million. Teams can now sign free agents. In a sign-and-trade, Charlotte re-signed Eddie Jones to a 7 year, $93 million contract and traded Jones, Anthony Mason, Ricky Davis, and Dale Ellis to Miami for P.J. Brown, Jamal Mashburn, Otis Thorpe, Tim James, and Rodney Buford. Dallas re-signed Hubert Davis to a 4 year, $10 million contract. Dallas re-signed Gary Trent to a 1 year, $2.4 million contract. Boston signed Mark Blount to a 1 year contract with a 2nd year at the team's option. Denver re-signed Tariq Abdul-Wahad to a 7 year, $43.3 million contract. Denver re-signed Ryan Bowen to a 3 year, $1.9 million contract. The 3rd year is at the player's option. Indiana re-signed Sam Perkins to a 1 year, $2.5 million contract. Indiana re-signed Austin Croshere to a 7 year, $51 million contract. Miami re-signed Anthony Carter to a 1 year, $1.2 million contract. Milwaukee re-signed Tim Thomas to a 6 year, $67 million contract. New York re-signed Kurt Thomas to a 3 year, $13 million contract with a team option for a 4th year. Phoenix signed Tony Delk to a 6 year, $19 million contract. Sacramento re-signed Scot Pollard to a 6 year, $30.7 million contract. Sacramento signed Bobby Jackson to a 5 year, $13.5 million contract. Seattle re-signed Rashard Lewis to a 3 year, $13.3 million contract with a player opt-out clause after 01-02.