Davis, a Los Angeles native, is expected to sign a five-year deal worth around $65 million, Davis' agent told the Times. Full story...

Report: 2 teams offer Arenas max deals

Gilbert Arenas is a wanted man. The Washington Wizards and Golden State Warriors each have offered the free-agent guard a maximum contract in excess of $100 million, according to multiple reports.

Arenas told the Washington Post in a text message that he was assured by Wizards owner Abe Pollin that he was "his guy and he won't let me leave no matter what." Full story...

Hornets, Paul close to extension

Chris Paul's agent plans to travel to New Orleans on Wednesday with the intention of completing a contract extension that would keep the All-Star and Team USA point guard with the Hornets for an additional three to five years.

Paul is seeking the maximum pay allowable under the league's collective bargaining agreement, or about 25 percent of the NBA salary cap with 10 percent raises going forward. Such a deal would pay Paul from $60 million to more than $80 million, depending on the length of the contract. Full story...

Clippers' Brand, Maggette opt out of deals

Elton Brand and Corey Maggette have told the Los Angeles Clippers they will opt of the final year of their contracts and become free agents.

Both are among the most attractive free agents on the market. Full story...

Wizards' Jamison agrees to big deal; Arenas next?

Antawn Jamison is back in the Washington Wizards fold. Now it's time to focus on Gilbert Arenas.

The Wizards achieved a major free agency goal Monday when two-time All-Star forward Jamison signed a four-year, $50 million contract. The deal does more than retain the team's co-captain and leading scorer from last season: It serves as an expensive piece of bait to lure Arenas, who had said he would not return unless the team also kept his longtime friend.

"He said he'd take less money if they got me, and they got me," Jamison told The Associated Press. "So I think everything will get worked out with Gilbert." Full story...

Lakers extend offers to Vujacic, Turiaf

The Los Angeles Lakers have given qualifying offers to restricted free agents Sasha Vujacic and Ronny Turiaf.

General manager Mitch Kupchak announced the moves Monday. Full story...

Wolves give offers to 3 restricted FAs

The Minnesota Timberwolves extended qualifying offers to restricted free agents Ryan Gomes, Craig Smith and Chris Richard on Monday and chose to let Sebastian Telfair and Kirk Snyder become unrestricted free agents.

The moves were a formality the team had to go through with the start of the free agent bidding period beginning on Tuesday. Full story...

Calderon says he'll return to Raptors

Jose Calderon reached a "preliminary agreement" Tuesday to remain with the Toronto Raptors for another season.

The 26-year-old Spanish guard wrote on his Web site that his agent and the Raptors had reached a deal. However, Toronto cannot officially announce the signing until July 9. Full story...

Spurs' Barry opts out, becomes free agent

Spurs guard Brent Barry opted out of his contract and became a free agent on Tuesday.

Barry was part of a February trade with Seattle that sent him, center Francisco Elson and a 2009 first-round draft pick to the SuperSonics in exchange for forward Kurt Thomas. Barry, 36, re-signed with the Spurs in March. Full story...

Blazers reach agreement with Spanish guard

The Portland Trail Blazers have reached an agreement to sign 6-6 guard Rudy Fernandez, a star in the Spanish league who also plays on the Spanish national team.

"Brandon Roy, Greg Oden, LaMarcus Aldridge, I can't wait to play with them," Fernandez said in a statement. "We will do nice things!" Full story...