News from June 30. Vince Carter (NJ) exercised his option to opt-out of his contract and, thus, is an unrestricted free agent. Cleveland extended qualifying offers to Sasha Pavlovic and Anderson Varejao, making them restricted free agents. July 1 is the free agency date - 06-07 contracts formally end. Teams can start negotiating with free agents, but can not sign free agents or make trades until the July Moratorium ends (July 11) - draft picks and undrafted rookies can be signed during that time frame.