News from July 16.

Houston signed Brent Price to a 7 year, $18 million contract.

Houston renounced their rights to Kenny Smith, Melvin Booker, and 
Eldridge Recasner.

The LA Lakers signed Sean Rooks.

Philadelphia signed Don MacLean to a 5 or 6 year contract worth over $15
million.

Portland signed Kenny Anderson to a 7 year, $50 million contract.

Seattle re-signed Gary Payton to a 7 year, $85 million contract.

Atlanta re-signed Steve Smith.

TRADE: Seattle traded Vincent Askew to New Jersey for Greg Graham.

Seattle renounced their rights to Frank Brickowski and Ervin Johnson.

In an attempt to free up more money for the Shaquille O'Neal sweepstakes,
the LA Lakers traded Anthony Peeler, George Lynch, their '98 2nd round
pick, and their '99 2nd round pick to Vancouver for Vancouver's '98 and
'99 2nd round draft picks.

Vancouver renounced their rights to Ashraf Amaya, Anthony Avent, Chris
King, Gerald Wilkins, Rodney Dent, Cuonzo Martin, Eric Murdock, and
Derrick Phelps.

Orlando re-signed Horace Grant to a 5 year, $50 million contract.