News from August 3.

TRADE: In a sign-and-trade, Washington re-signed Kwame Brown to a 3 year,
$25 million contract with a team option for the 3rd year and re-signed
Laron Profit to a 1 year contract and then traded them to the LA Lakers 
for Caron Butler and Chucky Atkins.

Atlanta signed restricted free agent Zaza Pachulia to a 4 year, $16
million offer sheet.  Milwaukee has 7 days to match the offer.

The LA Clippers signed Cuttino Mobley to a 5 year, $42 million contract.

The LA Clippers renounced their rights to Kerry Kittles and Rick Brunson.

The LA Lakers signed Smush Parker to a 1 year, partially guaranteed
contract.

New Orleans re-signed Chris Andersen.

Orlando signed Keyon Dooling to a 3 year, $10 million contract.

Phoenix signed Raja Bell to a 5 year, $24 million contract.

Portland elected not to pick up their 05-06 option for Nick Van Exel and
released him.

Portland released Derek Anderson.  Portland became the first team to use
the new amnesty clause on a player.  Though Portland will still have to
pay the rest of Anderson's contract, his salary amount will not count
towards the luxury tax.  Teams can elect to use the amnesty clause on 1 
player and it has to be used by August 15.

Portland signed Juan Dixon to a 3 year, $8 million contract.

Portland signed Charles Smith to a 1 year, minimum contract.

Seattle re-signed Ray Allen to a 5 year, $80 million contract.

Toronto signed Jose Calderon to a 3 year contract.