News from July 7. Milwaukee reached a 6 year, maximum contract agreement to re-sign Michael Redd. The contract can not be signed nor will the exact amount be known until the new CBA is signed and the July moratorium ends (probably July 22). Charlotte signed 1st round draft picks (#5) Raymond Felton and (#13) Sean May to 2 year contracts with 2 more years at the team's option. The exact amount of the contracts will not be known until the new CBA is signed. Toronto signed 1st round draft picks (#7) Charlie Villanueva and (#16) Joey Graham to 2 year contracts with 2 more years at the team's option. The exact amount of the contracts will not be known until the new CBA is signed. Golden State signed 1st round draft pick (#9) Ike Diogu to a 2 year contract with 2 more years at the team's option. The exact amount of the contract will not be known until the new CBA is signed. Indiana signed 1st round draft pick (#17) Danny Granger to a 2 year contract with 2 more years at the team's option. The exact amount of the contract will not be known until the new CBA is signed. Detroit signed 1st round draft pick (#26) Jason Maxiell to a 2 year contract with 2 more years at the team's option. The exact amount of the contract will not be known until the new CBA is signed.