The Clippers waived Earl Boykins. His non-guaranteed salary for the 2002-03 season will not count against the team's cap.

The Grizzlies exercised the option on Eddie Gill's contract. He is now guaranteed through the 2002-03 season.

The deadline for Theo Ratliff's 2003 opt-out has passed. No notice was given to the Hawks that he plans on exercising the opt-out so the option is eliminated. He is now guaranteed through the 2004-05 season.

Sacramento traded draft rights to G DAN DICKAU to Atlanta for a future draft pick.

The Suns accepted the team option on Alton Ford's contract. He is now guaranteed through the 02-03 season.

The Heat waived Chris Gatling. His non-guaranteed salary will not count against Miami's cap.

Cleveland traded G WESLEY PERSON to Memphis for G NICK ANDERSON and draft rights to F MATT BARNES.

Denver traded F ANTONIO McDYESS, draft rights to G FRANK WILLIAMS and a 2003 second-round pick to New York for C MARCUS CAMBY, G MARK JACKSON and draft rights to F NENE HILARIO.

L.A. Lakers traded G LINDSEY HUNTER and draft rights to F CHRIS JEFFERIES to Toronto for F TRACY MURRAY and draft rights to G KAREEM RUSH.

Orlando traded draft rights to C CURTIS BORCHARDT to Utah for draft rights to F RYAN HUMPHREY and F/C JAMAL SAMPSON.

Philadelphia traded G SPEEDY CLAXTON to San Antonio for F MARK BRYANT and draft rights to G/F JOHN SALMONS and F RANDY HOLCOMB.

Philadelphia traded draft rights to G JIRI WELSCH to Golden State for two future draft picks.

The Clippers traded the rights to C MARIO KASUN to the Magic in exchange for increased protection on a future pick.

The Magic traded the rights to F/C JAMAL SAMPSON to the Bucks for the rights to F/C RASHARD GRIFFITH.

The Bucks traded the rights to F CHRIS OWENS to the Grizzlies for a future second round pick.

The Hawks traded the rights to F/C EFTHIMIOS RENTZIAS to the Sixers for two future second round picks.

The Wizards traded Courtney Alexander to the Hornets for their first round pick in the 2002 draft (#17). The Hornets used a traded player exception to accept Alexander's contract. The Wizards will receive a traded player exception worth approximately $1.4 million as a result of this trade.

The Nuggets waived Tim Hardaway. His $1,000,000 buyout will count against the team's cap for the 2002-03 season.

The Mavericks waived Danny Manning. He was bought out for $900,000. That amount will count against the teams' 2002-03 cap.

Chauncey Billups of the Minnesota Timberwolves has opted out of his contract. He will be a free agent on July 1st.

The Lakers' Lindsey Hunter has exercised his player option. His contract is now guaranteed for two more seasons.

Samaki Walker exercised his player option for next year. He is now guaranteed with the L.A. Lakers for the 2002-03 season.

The Heat and Rockets swapped second round picks. The #53 pick should have belonged to Detroit. They sent it to Toronto as part of the Rebracca trade. Toronto then sent it to Houston as part of the Olajuwon trade. Houston swapped it with Miami's #38 pick as part of the Miami/Detroit trade for Cedric Ceballos. Miami should also receive Detroit's 2003 second round pick to complete the Ceballos trade.