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Wade takes option: '24 million reasons'

(Photo by Ronald Martinez/Getty Images)

(TSX / STATS) -- Chicago Bulls guard Dwyane Wade is picking up his $23.8 million player option for next season.

The 35-year-old Wade informed the Bulls of his decision Tuesday night. The former Miami Heat star had until June 27 to inform the team.

When asked by TNT about his decision, Wade said: "24 million reasons."

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Lakers' Young opts to become free agent

(TSX / STATS) -- Los Angeles Lakers guard Nick Young declined his player option and will become an unrestricted free agent, the team announced Wednesday.

Young, 32, had a player option with the Lakers for one more season that would have paid him $5.7 million.

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Hawks trade C Howard to Hornets

(TSX / STATS) -- The Atlanta Hawks traded center Dwight Howard and the 31st pick in Thursday's draft to the Charlotte Hornets for forward Miles Plumlee, swingman Marco Belinelli and the 41st pick, according to multiple reports.

The 31-year-old Howard, who signed a three-year, $70.5 million deal with Atlanta last July, averaged 13.5 points, 12.7 rebounds and 1.2 blocks in 74 games during the 2016-17 season. Charlotte will be Howard's fifth team after spending his first 13 seasons with Orlando (eight), the Los Angeles Lakers (one), Houston (three) and Atlanta (one).

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Lakers to deal Russell to Nets for Lopez

(TSX / STATS) -- The Los Angeles Lakers hold the No. 2 pick in the upcoming NBA Draft, but they are not waiting until Thursday night to begin reshaping their roster.

The Lakers have reached an agreement to trade point guard D'Angelo Russell and center Timofey Mozgov to the Brooklyn Nets in exchange for center Brook Lopez and the 27th selection in this year's draft, The Vertical reported Tuesday.

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Pacers, Lakers talking George trade

(TSX / STATS) -- The Indiana Pacers and Los Angeles Lakers have begun discussing the possibilities of a Paul George trade, according to multiple reports.

George recently relayed to the Pacers that he won't re-sign with the club after the 2017-18 season and added that he hopes to sign with the Lakers as a free agent.

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Knicks considering trades for Porzingis

(TSX / STATS) -- Kristaps Porzingis may not be long for New York as Knicks president Phil Jackson is considering trading the 7-foot-3 Latvian and has been fielding trade calls ahead of Thursday's NBA Draft, according to multiple reports.

Porzingis, 21, has not been in contact with anybody within the Knicks' front office since the end of the season. He skipped exit meetings with Jackson and the team due to his frustration with the Knicks' dysfunction.

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76ers poised to take PG Fultz at No. 1

(TSX / STATS) -- PHILADELPHIA -- For the second consecutive year, the Philadelphia 76ers will have the first overall pick in the NBA draft.

Last season, the Sixers selected LSU standout Ben Simmons, though he never played after suffering a broken bone in his foot toward the end of training camp.

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Gasol's opt-out to give Spurs cap space

(TSX / STATS) -- Pau Gasol will decline a $16.2 million contract option for next season and become a free agent, but he is expected to re-sign with the San Antonio Spurs on a long-term deal, according to multiple reports.

The 36-year-old center intends to negotiate a lower annual salary so that the Spurs are able to offer free agents more money this offseason, according to the San Antonio Express-News.

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Pistons C Baynes declines $6.5M option

(TSX / STATS) -- Aron Baynes is set to become a free agent as the Detroit Pistons center will decline his $6.5 million player option, according to The Vertical.

Pistons president and coach Stan Van Gundy has said repeatedly that he expected the 30-year-old Baynes to opt out and seek a better deal, the Detroit Free Press reports.

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Cavaliers, GM Griffin to part ways

(TSX / STATS) -- A year ago, David Griffin was celebrating the Cleveland Cavaliers' first championship and the city's first title since 1964.

Now Griffin is the former general manager of the Cavaliers after the team announced Monday that his contract will not be renewed when it expires June 30.

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