Malik Rose notified the NBA on Friday that he will exercise an option to extend his contract. He is now guaranteed $1,715,000 for the 01-02 season.

Spurs waive Samaki Walker. The Spurs held a buyout on the final season of Walker's contract for $600,000.

Dallas exercised their option to extend Eduardo Najera's contract. He is now guaranteed $465,850 for the 01-02 season.

Phoenix agrees in principle to trade Jason Kidd and Chris Dudley to New Jersey for Stephon Marbury, Johnny Newman and Soumaila Samake. The deal will take effect July 18, 2001.

Milwaukee announced it had exercised their option on Scott Williams' contact he is now guaranteed $4,650,000 for the 01-02 season.

Lakers trade Greg Foster to Bucks for Lindsey Hunter.

Sonics trade the rights to Bobby Simmons to the Wizards for the rights to Predrag Drobnjak.

Kings trade Jason Williams and Nick Anderson to the Grizzlies for Mike Bibby and Brent Price.

Magic trade Michael Doleac to the Cavs for the rights to Brendan Heywood. Cleveland acquired Doleac using a Traded Player Exception generated from the Shawn Kemp trade.

Nets trade the rights to Eddie Griffin to the Rockets for the rights to Richard Jefferson, Jason Collins and Brandon Armstrong.

Hawks trade the rights to Jamal Tinsley to the Pacers for a future 1st round pick.

Hawks trade the rights to Terence Morris to the Rockets for a future 1st round pick.

Bulls trade Elton Brand to the Clippers for Brian Skinner and the rights to Tyson Chandler.

Hawks trade Lorenzen Wright, Brevin Knight and the rights to Paul Gasol to the Grizzlies for Shareef Adbur-Rahim and the rights to Jamal Tinsley.

L.A. Clippers trade the 36th overall pick in the 2001 Draft to the Philadelphia 76ers in exchange for cash.

Rodney Rogers exercised an option to extend his contract with Phoenix through the 2001-02 season. He is now guaranteed $2,400,000 for the 01-02 season.

Michael Finley announced that he will exercise an option in his contract to become a free agent, effective July 1.

Darvin Ham exercised an option to extend his contract with Milwaukee. He is now guaranteed $1,870,000 for the 01-02 season.

Don MacLean exercised an option to extend his contract with Miami. He is now guaranteed $965,850 for the 01-02 season.

Indiana announced it had signed 2000 first round draft pick Primoz Brezec. He signed a 3 year contract worth $2,371,080 with a team option for the 4th year at $1,554,326.

Chicago announced it had guaranteed the final two years of Brad Miller's contract. He is now guaranteed $4,400,000 for 01-02 and $4,800,000 for 02-03.

Daniel Santiago chose not to exercise a similar option in his contract and will become a restricted free agent on July 1.

Chicago trades the rights to Roberto Duenas to Charlotte for the 45th selection in the 2001 Draft

Boston exercised their option to acquire Denver's first round pick, 11th overall, in the 2001 Draft as part of the Ron Mercer trade.

The Hornets picked up the fourth-year option on guard Baron Davis. He is now guaranteed a $3,942,922 salary for the 02-03 season.