News from August 3.

In a sign-and-trade, Detroit re-signed Grant Hill to a 7 year, $93
million contract with a player opt-out clause after 04-05 and Orlando 
re-signed Chucky Atkins to a 6 year, $22.5 million contract and 
re-signed Ben Wallace to a 6 year, $30 million and then Detroit traded 
Hill to Orlando for Atkins and Wallace.

In a sign-and-trade, Toronto re-signed Tracy McGrady to a 7 year, $93
million contract with a player opt-out clause after 04-05 and traded him
to Orlando for a conditional 1st round draft pick.

TRADE: Cleveland traded Andrew DeClerq to Orlando for Matt Harpring.

Boston signed Randy Brown to a 3 year, $7.5 million contract.

New Jersey re-signed Johnny Newman to a 2 year, $4.2 million contract.

Orlando signed Dee Brown.

Phoenix re-signed Corie Blount to a 2 year, $3.2 million contract with a
player option for the 2nd year.

Phoenix signed Ruben Garces, Justin Love, and Daniel Santiago.

San Antonio re-signed Avery Johnson to a 1 year, $8 million contract.

San Antonio re-signed Antonio Daniels to a 3 year, $9.5 million contract.

Seattle signed first round draft pick (#17) Desmond Mason to a 3 year,
$3,465,840 contract with a 4th year worth $1,898,312 at the team's 
option.

Vancouver signed Tony Massenburg to a 3 year, $7.425 million contract.