News from August 3.

TRADE: Boston traded Ron Mercer, Popeye Jones, and Dwayne Schintzius to 
Denver for Danny Fortson, Eric Washington, Eric Williams, a first round 
draft pick, and $3 million.  The draft pick is at Boston's option with
restrictions - the first possible year is 2001 and that is top 5
protected.  2002 is top 3 protected and 2003 is #1 protected.  If Boston
does not exercise their option in one of those 3 years, then they get
Denver's 2004 pick.

TRADE: Orlando traded Nick Anderson to Sacramento for Tariq Abdul-Wahad
and Sacramento's 2003 first round draft pick.  [There may be some 
restrictions on the pick, but I couldn't find any details.]  To make the
trade work (Anderson's salary is much more than Abdul-Wahad's), Anderson
waived his $700,000 trade clause and Sacramento renounced their rights to
Vernon Maxwell [thus, combined with the renounces they made Monday and the
signings of Pollard and Barry, Sacramento had enough room under the cap to
take on Anderson's salary].

Boston signed Wayne Turner to a 1 year, minimum contract.

Dallas signed Greg Buckner to a 1 year, minimum contract.

Orlando re-signed Bo Outlaw to a 1 year, $2 million contract.

The LA Lakers re-signed Derek Fisher to a reported 7 year, $30 million
contract.

Washington named Butch Beard as an assistant coach.

Sacramento re-signed Jon Barry to a 3 year contract.

Sacramento re-signed Scot Pollard to a 2 year contract.

New Jersey released Rony Seikaly.

Denver re-signed Nick Van Exel to a 5 year, $55 million contract.

Denver signed George McCloud to a 1 year, $2 million contract.

Isiah Thomas purchased a majority share of the Continental Basketball
Association (CBA) for about $10 million.