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LeBron James Becomes Free Agent, Set to Resign

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Finals MVP LeBron James will not exercise his player option with the Cleveland Cavaliers for the 2016-17 season, according to his agent, Rich Paul.

James, who had to inform the Cavs of his decision by Wednesday at midnight, will become a free agent July 1 for the third straight summer. He was slated to earn $24 million next season. Though he has opted out, James can re-sign with the Cavaliers and said last week he has no intentions of leaving Cleveland again.

Source: Chris Broussard of ESPN

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Cavs Announce Signing of LeBron to New Deal

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LeBron James and the NBA champion Cleveland Cavaliers made it official Friday, with the team announcing that James has signed a new multiyear contract.

The deal is for three years, $100 million, agent Rich Paul told ESPN. A source told ESPN that James has a player option for the third year.

Source: ESPN

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Sources: Pacers Agree to Deal With Free-Agent Poythress

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University of Kentucky free-agent forward Alex Poythress has agreed to a partially guaranteed contract with the Indiana Pacers, league sources told The Vertical.

For Poythress, 22, who went undrafted in June, this is essentially a make-good training camp deal – with an eye toward spending the year as a non-roster Pacers player on the franchise’s Fort Wayne NBA Development League affiliate.

Source: Adrian Wojnarowski of The Vertical

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Pelicans Announce Signing of Shawn Dawson

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The New Orleans Pelicans announced today that the team has signed forward Shawn Dawson. Per team policy, terms of the deal were not disclosed.

Dawson, 6-6, 195, has played professionally since 2012 with Israel’s Maccabi Rishon LeZion and is a two-time Israeli League All-Star (2015, 2016) who holds career international averages of 11.7 points, 4.8 rebounds, 1.9 assists, and 1.2 steals in 22.2 minutes per contest.

Source: NBA.com/Pelicans

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