News from July 11.

In a sign-and-trade, Seattle re-signed Rashard Lewis to a 6 year, maximum
contract ($118.2 million) and traded him to Orlando for a conditional 2nd
round draft pick (by doing the trade, Seattle also received a $9 million 
trade exception).

TRADE: Phoenix traded James Jones and the rights to 1st round draft pick
(#24) Rudy Fernandez to Portland for $3 million.  [The trade was reported
on draft day without Jones mentioned, but apparently was not official and
needed to wait until the July Moratorium ended so that Jones could be
included.]

Charlotte re-signed Gerald Wallace to a 6 year, $57 million contract.

Detroit re-signed Chauncey Billups to a 5 year, $60 million contract.  The
5th year is at the team's option.

Phoenix signed Grant Hill to a 2 year, $3.8 million contract with the 2nd
year at the player's option.  Hill had played for Orlando last season.

Phoenix re-signed Sean Marks.

Toronto signed Jason Kapono to a 4 year, $24 million contract.  Kapono 
had played for Miami last season.

Toronto signed restricted free agent Maceo Baston to a 2 year, about $4
million offer sheet.  Indiana has 7 days to match the offer to keep 
Baston.

Memphis reached a 3 year, about $19 million contract agreement with
Orlando free agent Darko Milicic.  The contract is expected to be signed
in the next few days.

Philadelphia signed 1st round draft pick (#12) Thaddeus Young to a 2 year,
$3,798,840 contract with 2 more years worth $5,006,641 at the team's
option

Philadelphia signed 1st round draft pick (#20) Jason Smith to a 2 year,
$2,560,200 contract with 2 more years worth $3,606,793 at the team's
option

Boston signed undrafted rookie Brandon Wallace to a 2 year contract.


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  Patricia Bender                       pbender@eskimo.com
  For NBA stuff: http://www.eskimo.com/~pbender/index.html
  For Mavs stuff: http://www.eskimo.com/~pbender/mavs.html