"It's as if the basketball gods have spoken. The Cavaliers signed restricted free agent center Iakovos "Jake" Tsakalidis (pronounced SOCK-a-lead-is) to a three-year offer sheet worth an estimated $9 million on Thursday. The Grizzlies have 15 days to match the offer."
"The Heat hopes to sign veteran free agent forward Christian Laettner in the next few days, several sources said. Laettner, 35, who was released by Golden State on Thursday, has expressed interest in joining Miami but has other options, according to a league source. Miami can offer the veteran's minimum ($1 million), while several other teams could offer more. The Warriors are responsible for his $6.2 million salary for next season."