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2018 Free Agency Diary

Sources: Hawks Buyout, Waive Carmelo Anthony

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Carmelo Anthony has finalized a contract buyout with the Atlanta Hawks and plans to wait until clearing waivers to officially tell the Houston Rockets of his plans to sign a free-agent deal, league sources told ESPN.

The Hawks waived Anthony on Monday morning, paving the way for him to clear waivers on Wednesday at 5 p.m. ET.

Anthony will get his full $27.9 million salary for the 2018-19 season, accepting a $2.4 million reduction in his buyout with the Hawks that will essentially return to him once he signs $2.4 million veteran’s-minimum deal with his new team, league sources said.

Source: Adrian Wojnarowski of ESPN

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2018 Free Agency Diary

Sources: Rodney Hood Accepts Cavaliers’ Qualifying Offer

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Rodney Hood ended his restricted free agency by accepting the Cavaliers’ $3.4 million qualifying offer and placing a bet on himself for a big season this year.

He informed the Cavs of his decision today, sources told cleveland.com.

Hood, 25, a gifted, 6-8 forward, will be an unrestricted free agent next summer. He left a multiyear deal from the Cavs worth about $7 million per season on the table by accepting their qualifying offer.

Sources said Hood was seeking a contract for more than $9 million per season from the Cavs. For comparison, the Celtics signed restricted free agent Marcus Smart to a four-year, $52 million deal this summer, and the Bulls matched the four-year $78 million offer sheet Zach LaVine signed with the Kings.

Source: Joe Vardon of Cleveland.com

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2018 Free Agency Diary

Sources: Spurs, Quincy Pondexter Agree to Deal

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Free agent wing Quincy Pondexter has reached an agreement on a one-year deal with the San Antonio Spurs, league sources tell ESPN.

Source: Chris Haynes on Twitter

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2018 Free Agency Diary

Sources: Ty Lawson, Tyrone Wallace Workout for Pelicans

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Ty Lawson and Tyrone Wallace worked out for the New Orleans Pelicans this week, according to sources.

Source: Alex Kennedy on Twitter

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