News from July 11.

Utah signed 1st round draft pick (#3) Deron Williams to a 2 year contract
with 2 more years at the team's option.  The exact amount of the contract
will not be known until the new CBA is signed.

Minnesota signed 1st round draft pick (#14) Rashad McCants to a 2 year
contract with 2 more years at the team's option.  The exact amount of the
contract will not be known until the new CBA is signed.

Seattle signed 1st round draft pick (#25) Johan Petro to a 2 year
contract with 2 more years at the team's option.  The exact amount of the
contract will not be known until the new CBA is signed.

Utah signed 2nd round draft pick (#34) C.J. Miles to a 2 year contract
worth about $1 million.

Phoenix signed 2nd round draft pick (#54) Dijon Thompson to a 1 year
contract with a 2nd year at the team's option.

Cleveland has reportedly reached a 5 year, $55 to 60 million contract
agreement to re-sign free agent Zydrunas Ilgauskas.  The new contract can
not be signed until the July moratorium ends.

Cleveland has reportedly reached a contract agreement to sign free agent 
Larry Hughes.  The new contract can not be signed until the July 
moratorium ends.