Hoops News Blog

Cavaliers forward Anderson Varejao did not exercise his option on a $6.2 million contract for next season, making him an unrestricted free agent. The hustling Varejao posted career-highs in starts (42), scoring (8.6), field-goal percentage (.536) and minutes (28.5) per game last season for the Cavs, who won 66 regular-season games but were eliminated in [...]

A judge sentenced Denver Nuggets guard J.R. Smith to 90 days in jail Tuesday night for causing an auto accident that killed his friend, though Smith will likely end up serving only 30. Municipal Judge Debra J. Gelson suspended 60 days of the sentence providing Smith performs 500 hours of community service consisting of visiting [...]

The Dream Team is still dominating. The star-studded team that featured Michael Jordan, Magic Johnson, Larry Bird and Charles Barkley and won the gold medal in Barcelona headlines this year's inductees for the U.S. Olympic Hall of Fame. The class, which also includes Michael Johnson, Picabo Street and Peter Ueberroth, will be formally announced Wednesday [...]

Minnesota Timberwolves point guard Bobby Brown has exercised his player option for the 2009-10 season. Brown will make just under $740,000 next season. He came over from Sacramento at the trade deadline in a deal that sent Rashad McCants to the Kings. He averaged 5.3 points and 1.7 assists in under 14 minutes a game [...]

Carlos Boozer and Mehmet Okur are both staying with the Utah Jazz next season. About two hours after Boozer let the Jazz know he decided against opting out of the final year of his contract — which he once said he intended to do — Okur joined him Tuesday night. The moves keep the Jazz [...]

Center Mehmet Okur has decided to stay with the Utah Jazz for the final year of his contract. Okur joins teammates Carlos Boozer and Kyle Korver, who also had the option of skipping the final year of their contracts and becoming free agents. None of the three chose to test the market, keeping the Jazz [...]

Carlos Boozer has reconsidered free agency, or at least put it off a year. Boozer let the Utah Jazz know on Tuesday that he will stay with the team for the final year of his contract rather than opting out and becoming a free agent — which he once said he intended to do. Boozer [...]

The Charlotte Bobcats have an owner who's losing millions and looking to sell. They've struggled to move tickets, win games and become relevant in a town that used to adore the NBA. Allen Iverson could change that. Pair the polarizing guard with coach Larry Brown again and they wouldn't just be talking about games in [...]

Mark Cuban wants to be first in line to talk to Jason Kidd. Cuban posted Tuesday on Twitter, "Getting ready to fly up to NYC for Free Agent meeting at 12:01," and that free agent is Kidd, according to a person with knowledge of the situation. The person spoke on condition of anonymity because NBA [...]

On the eve of the NBA draft, Houston Rockets general manager Daryl Morey said that the franchise was still determined to build around All-Star center Yao Ming. "He's the cornerstone of the team," Morey said. A few days later, the future of the team and the All-Star center from China have suddenly been thrown into [...]