NBA Signings: Day One

Michael McGowanSenior Analyst IJuly 9, 2008

It's signing day, NBA fans!  Day One has come and gone, and there aren't really any surprises to report.  All the news that has been reported over the last couple of weeks is becoming official today. 

So, who signed where? Here we GO:

Elton Brand finalized his five-year, $82 million dollar deal with the 76ers.  Brand was examined physically head to toe—and maybe even more than that.  He is healthy, the is back on the East Coast and he is now very rich. 

To free up that money, the Sixers sent Rodney Carney and Calvin Booth to Minnesota with a future first-rounder to get an extra $2.9 million in cap room. 

Beno Udrih is back in a Kings uniform, and should be their starting point guard for the next five years. 

Desagana Diop reached his deal with the Mavericks, finalizing a five-year, $31 million contract.  Diop has averaged 2.5 points and five rebounds in his career.  You be the judge. 

Last year, the Miami Heat shot 36 percent from behind three-point line.  James Jones shot 44 percent.  Pat Riley says Jones is a perfect fit, and he received a five-year, $23 million dollar deal from the Heat.  Jones, who played his college ball for the University of Miami, is coming home.

Two very talented swingmen for opposite reasons have agreed to terms with new teams.  Corey Maggette is headed up the state to Golden State, signing a five-year, $50 million deal.  Maggette was pursued by many teams, all offering half that amount. 

Also, the Orlando Magic and Mikael Pietrus came to terms on a "multi-year deal" which was reported by Florida Today.  Pietrus should be the starting shooting guard for the Magic, and will make them a better all-around defensive team. 

The Raptors have re-signed Jose Calderon, after trading TJ Ford in the Jermaine O'Neal deal. 

The Hornets have announced the extension of Chris Paul for $68 million.  New Orleans surprised many teams last year, owning first place in the very tough Western Conference for a good portion of the year.  The Hornets have also targeted James Posey in free agency.

In other extension news, Andrew Bogut has been extended for five years and $72.5 million with the Bucks. 

Deron Williams should be announcing an extension with the Jazz very shortly.


Some other quick news: 

The Clippers lost out on the Elton Brand sweepstakes and now will pursue Emeka Okafor and Josh Smith

James Posey is still trying to decide where to sign.  He has his choice of just about everyone who made the playoffs last year.  Detroit, the Lakers, Boston, New Orleans, Cleveland, Dallas and San Antonio are all said to be options for James.

How about some news on some ink that has not dried yet?  I keep hearing Baron Davis is a Clipper.  But is he?  He verbally agreed to a deal last week, but usually that kind of deal is signed on the first day of the signing day.  No word on that signing yet, stay tuned!

Minnesota could have four first round picks in the 2009 draft after getting that pick from Philadelphia today.  Some are conditional, so the stipulations would have to be met—but it is a very good possibility.  Philly gave Minnesota Utah's pick, and the Wolves still have one from Boston for KG and one from Miami for Ricky Davis and Mark Blount. 

The Spurs are very interested in JR Smith, if the James Posey saga does not turn their way. 

And last—Sam Cassell, the ugliest man in the NBA since the retiring of Tyrone Hill, may be re-signing with Boston for the Veteran Minimum.  Cassell was dealt to Boston midseason last year, and was at times the second or third point guard on the depth chart. 

This brings us to the end of Day One. Just remember that this is suppossed to be a weak free agency year.