News from July 1.

Milwaukee signed 1st round draft pick (#1) Andrew Bogut to a 2 year
contract with 2 more years each at the team's option.  The exact amount of
the contract will not be known until the new CBA is released.

Houston signed 1st round draft pick (#24) Luther Head to a 2 year contract
with 2 more years each at the team's option.  The exact amount of the 
contract will not be known until the new CBA is released.

New York signed 1st round draft pick (#30) David Lee to a 2 year contract
with 2 more years each at the team's option.  The exact amount of the 
contract will not be known until the new CBA is released.

Atlanta elected not to pick up their option for Predrag Drobnjak, making 
him a free agent.

Memphis named Scott Adubato as an assistant coach.

Minnesota signed GM Jim Stack to a contract extension.

Steven Hunter (Pho) elected to opt-out of the last year of his contract,
making him a free agent.