NBA Rumors: Latest Free Agency Buzz on Josh Smith, Brandon Jennings and More

Alex Kay@AlexPKayCorrespondent IJuly 3, 2013

Apr 27, 2013; Atlanta, GA, USA; Atlanta Hawks small forward Josh Smith (5) dunks the ball against the Indiana Pacers during the first half during game three in the first round of the 2013 NBA playoffs at Philips Arena.The Hawks defeated the Pacers 90-69. Mandatory Credit: Dale Zanine-USA TODAY Sports
Dale Zanine-USA TODAY Sports

The first few days of the NBA’s free-agency period have been a non-stop whirlwind of action, with one of the marquee names—Chris Paul—already agreeing to sign a contract extension with the Los Angeles Clippers

There are still plenty more prizes left, as the next few days should be jam-packed with many of these elite players landing a new contract and finding a new home in the league.

Let’s take a look at some of the hottest buzz revolving around some of the biggest stars in Wednesday’s rumor roundup.


Brandon Jennings Sets a Price

While Jennings isn’t expected to go anywhere as a restricted free agent this summer, the Milwaukee Bucks have finally learned what it will cost to retain the superstar point guard for the long haul.

According to Yahoo! Sports’ Marc J. Spears, the team was given an undisclosed figure from Jennings’ representation and now has a chance to negotiate a deal before the No. 10 pick in the 2009 draft inks an offer sheet with another club.

Given that he averaged 17.5 points, 6.5 assists, 3.1 rebounds and 1.6 steals in what could be considered a down year, the 23-year-old still has plenty of upside and is likely be an instrumental part of a contending squad going forward.

The Bucks are currently between rebuilding and competing, but they will be stuck in the former stage unless they are able to meet their homegrown star’s demands and retain his services.


Josh Smith is Houston’s Second Option

J-Smoove is one of the top players on the open market, but he’s “Plan B” for the Houston Rockets.

As per Spears, the organization has informed the athletic forward that he will be offered a contract if they are unable to ink the No. 1 option, Dwight Howard, to a deal.

While that’s a sound strategy, it may backfire if Smith elects to take his talents elsewhere if the notoriously fickle D12 takes his time to reach a decision.

The Detroit Pistons have already expressed considerable interest in the longtime Atlanta Hawks star and could possibly extend an offer his way in the near future.

Other franchises will likely inquire about Smith as well, making time of the essence for the Rockets.


Tyreke Evans Causes Pelicans to Scramble for Cap Space

The New Orleans Pelicans want to ink Evans to a considerable contract this offseason, but need to clear the cap space to make it happen.

According to Sam Amick of USA Today, the team has made a four-year, $44 million offer to the former Rookie of the Year, but don’t have the salary room to actually make that happen at this juncture.

ESPN’s Marc Stein noted that the team is currently trying to trade Robin Lopez, but can buy him out for $500,000 by July 5 in order to make room for Jrue Holiday and Evans’ deals.

The Pelicans have plenty of movable assets, so keep a close eye on them to see what happens trade-wise in the next few days.