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Spurs, Parker Agree to 3-year Extension

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San Antonio Spurs All-Star guard Tony Parker has signed a three-year contract extension worth nearly $45 million, league sources told Yahoo Sports.

Parker will earn $12.5 million in the 2014-15 season, and his extension will start in the 2015-16 season.

via Adrian Wojnarowski of Yahoo! Sports

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Report: Jimmy Butler Asks For A Trade

According to Shams Charania, Wolves forward Jimmy Butler has asked to be traded.

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Jimmy Butler has requested a trade from the Minnesota Timberwolves, league sources tell me and @JonKrawczynski. Butler has given Minnesota a list of one-to-three teams with whom he’s open to signing extension, in anticipation of trade.

Source: Shams Charania, via Twitter

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Sources: 76ers Promote Elton Brand to General Manager

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Philadelphia has hired Elton Brand as general manager, league sources tell ESPN. Brand will be elevated from VP of Basketball Operations. He made strong impression on ownership and Brett Brown in process, beating out several inside and outside candidates.

Source: Adrian Wojnarowski on Twitter

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Sources: NBA Updates Salary Cap Projections for Future Seasons

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Sources: The NBA has informed its teams of updated projected salary cap and tax level for 2019-20 ($109M, $132M) and 2020-21 ($118M, $143M).

Sources: Shams Charania on Twitter

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