News from July 5.

Minnesota signed 1st round draft pick (#7) Randy Foye to a 2 year,
$4,880,080 contract with 2 more years worth $6,391,321 at the team's
option.

New Orleans signed 1st round draft pick (#12) Hilton Armstrong to a 2
year, $3,667,800 contract with 2 more years worth $4,833,998 at the team's
option.

New Orleans signed 1st round draft pick (#15) Cedric Simmons to a 2 year,
$3,144,600 contract with 2 more years worth $4,414,411 at the team's
option.

New York signed 1st round draft pick (#20) Renaldo Balkman to a 2 year,
$2,387,880 contract with 2 more years worth $3,482,337 at the team's
option.

The LA Lakers signed 1st round draft pick (#26) Jordan Farmar to a 2 year,
$1,948,680 contract with 2 more years worth $3,027,240 at the team's
option.

New York signed 1st round draft pick (#29) Mardy Collins to a 2 year,
$1,867,200 contract with 2 more years worth $2,902,502 at the team's
option.

New Orleans released Moochie Norris.

Portland released Nikoloz Tskitishvili.

Sacramento exercised their 07-08 option for Kevin Martin.