The Cavs exercized the team option on Jumaine Jones' rookie contract. Jones is now guaranteed through the 2002-03 season.

The Lakers waived Brian Shaw. Since his 2001-02 salary was non-guaranteed, he will not count against the team's cap.

The Timberwolves refused the team option in William Avery's rookie scale contract. He will be an unrestricted free agent after the 2001-02 season.

The Hawks refused the team option in Cal Bowdler's rookie scale contract. He will be an unrestricted free agent after the 2001-02 season.

The Lakers refused the team option in Devean George's rookie scale contract. He will be an unrestricted free agent after the 2001-02 season.

The Sixers refused the team option in Vonteego Cummings' rookie scale contract. He will be an unrestricted free agent after the 2001-02 season.

The Wizards exercized the team option on Richard Hamilton's rookie scale contract. He is guaranteed through the 2002-03 season.

The Nets signed Reggie Slater to a minimum salary contract.

The Cavaliers refused the team option in Trajan Langdon's rookie contract. Langdon will be an unrestricted free agent after the 2001-02 season.

The Grizzlies signed Michael Dickerson to a 6-year, $43.3 million contract extension. The extension will take effect with the 2002-03 season.

The Kings waived Jamie Watson and Mario Bennett. Since they were signed to non-guaranteed contracts, they will not count against the team's cap.

The Spurs waived Gerald Brown. Since he was signed to a non-guaranteed contract, he will not count against the team's cap.

The Pacers signed Al Harrington to a 4-year, $23.8mil contract extension. The extension will start with the 02-03 season.

TRADE: The Suns sent Soumaila Samake and a 2nd round pick in 2003 to the Bulls for Jake Voskuhl.

The Pacers waived Derrick McKey. If he clears waivers, his guaranteed salary will continue to count against the team's cap.

The Celtics waived Chris Herren. Since he was signed to a non-guaranteed contract, he will not count against the team's cap.

The Hornets waived Tim James. If he clears waivers, his guaranteed salary will count against the team's cap.

The Bulls waived Soumalia Samake. Since he was signed to a non guaranteed contract, he will not count against the team's cap.

The Mavericks waived Khalid El-Amin. His guaranteed contract will count against the team's cap if he clears waivers.

The Pistons signed Damon Jones to a minimum salary contract.

The Clippers waived Miles Simon and Derek Strong. Strong's guaranteed salary will continue to count against the team's cap if he clears waivers.

TRADE: The Clippers traded the rights to 1996 2nd round pick Doron Sheffer to the Portland Trail Blazers for Will Perdue. As a result of this trade, the Blazers received a $1,320,000 traded player exception.

The Trail blazers waived Priest Lauderdale and Johnny Taylor. Since they were signed to non guaranteed contracts, they will not count against the team's cap.

The Heat waived Sean Lampley. Since he was signed to non guaranteed contract, he will not count against the team's cap.

The Mavericks waived Mugsy Bogues. His guaranteed salary will continue to count against the team's cap.

The Bucks waived Aleksander Radojevic and Jason Hart. Radojevic's guaranteed salary will count against the team's cap if he clears waivers.

The Clippers waived Will Perdue. His Guaranteed salary will continue to count against the team's cap if he clears waivers.

The Raptors released Don MacLean. Since his 2001-02 salary is guaranteed, his salary will continue to count against the team's cap.

TRADE: The Raptors sent Brian Skinner to the Cavaliers. The Heat sent Don MacLean and cash to the Raptors and Ricky Davis to the Cavaliers. The Cavaliers signed Chris Gatling to a 3-year $8.5 million contract then sent him to the Heat. As a result of this trade, the Raptors received a $1,483,461 traded player exception.

The Hornets waived Chris Porter. If he is claimed off waivers, his contract is claimed by his new team. If he clears waivers, he will become a free agent and his guaranteed salary of $200,000 will count against the Hornets' cap.

The Cavaliers waived Makhtar Ndiaye and Rodrick Rhodes. Since they were signed to non-guaranteed contracts, they will not count against the team's cap.

The Hawks exercized the team options on the rookie contracts of Jason Terry and Dion Glover. Both will be guaranteed through the 20002-03 season

The Knicks waived Michael Wright. Since he was signed to a non-guaranteed contract he will not count against the teams' cap.

The Sixers released Cory Benjamin and Michael Smith. Since they were signed to non-guaranteed contracts, they will not count against the teams' cap.

The Nuggets released Omar Cook, Menk Batere and Cedric Ceballos. Since they were signed to non-guaranteed contracts they will not count against the teams' cap.

The Nets released Donny Marshall and Steve Goodrich. Since they were signed to non-guaranteed contracts they will not count against the teams' cap.

The Bulls released Michael Ruffin. Since he was signed to a non-guaranteed contract he will not count against the teams' cap.

The Rockets released Darren Kelly, Ike Nwankwo and Damon Jones. Since they were signed to non-guaranteed contracts they will not count against the teams' cap.

The Cavaliers released Reggie Slater. Since he was signed to a non-guaranteed contract he will not count against the teams' cap.

The Heat released Rodney Buford, Kimani Ffriend and Mike James. Since they were signed to non-guaranteed contracts they will not count against the teams' cap.

The Jazz released Rusty LaRue and Randy Livingston. Since they were signed to non-guaranteed contracts they will not count against the teams' cap.

The Lakers released Dickie Simpkins and Issac Fontaine. Since they were signed to non-guaranteed contracts they will not count against the teams' cap.

The Grizzlies released Bryant Notree and James Collins. Since they were signed to non-guaranteed contracts they will not count against the teams' cap.

The Pistons released Reggie Geary. Since he was signed to a non-guaranteed contract he will not count against the teams' cap.

The Timberwolves released Bill Curley. Since he was signed to a non-guaranteed contract he will not count against the teams' cap.

The Bucks signed Anthony Mason to a 4year, $20.9 million contract.

TRADE: The Sixers sent Cedric Henderson and a lottery-protected 2005 1st round pick to the Warriors and Jerome Moiso, Robert Traylor and George Lynch to the Hornets. The Hornets sent Derrick Coleman to the Sixers and cash to the Warriors. The Warriors sent Vonteego Cummings and Corie Blount to the Sixers and Chris Porter to the Hornets.

The Wizards released Shelly Clark. Since he was signed to a non-guaranteed contract, he will not count against the team's cap.

The Bucks released Byron Houston and Brian Taylor. Since they were signed to non-guaranteed contracts, they will not count against the team's cap.

The Celtics waived Kevin Salvadori. Since he was signed to a non-guaranteed contract, he will not count against the teams's cap.

The Raptors released Mark Davis. Since he was signed to a non-guaranteed contract, he will not count against the team's cap.

The Supersonics waived JaRon Rush. Since he was signed to a non-guaranteed contract, he will not count against the team's cap.

The Hawks waived Ira Newble, Ivano Newbill and Scoonie Penn. Since they were signed to non-guaranteed contracts, they will not count against the team's cap.

The Wizards waived Kornel David. Since he was signed to a non-guaranteed contract, he will not count against the team's cap.

The Bucks signed Ervin Johnson to a 2 year, $9.5 million contract extension. The extension will start with the 2003-04 season and last through the 2004-05 season.

The Hornets waived Ricky Moore. Since he was signed to a non-guaranteed contract, he will not count against the team cap.

The Lakers waived Peter Cornell. Since he was signed to a non-guaranteed contract, he will not count against the team's cap.

The Mavericks signed Dirk Nowitski to a 6-year contract extension. The total amount won't be known until next season's salary cap is set.

The Cavaliers waived Trevor Winter and Anthony Goldwire. Since both were signed to non-guaranteed contracts, they will not count against the team's cap.

The Nets waived David Vanterpool and Danny Earl. Since they were signed to non-guaranteed contracts they will not count against the team's cap.

TRADE: The Bucks traded Scott Williams and a future 1st round pick to the Nuggets for Kevin Willis and Aleksander Radojevic. The Bucks then traded Kevin Willis to the Rockets for a 2002 2nd round pick. The Bucks received a $3,000,000 traded player exception in the deal. The Rockets' disabled player exception was used to accept Willis' salary.

The Supersonics waived Anthony Johnson and Jamal Kendrick. Since they were signed to non-guaranteed contracts, they will not count against the team's cap.

The Kings waived Maurice Jeffers and Torraye Braggs. Since they were both signed to non-guaranteed contracts they will not count against the team's cap.

The Heat signed Rod Strickland to a minimum salary contract.

The Suns released Derek Hood. Since he was signed to a non-guaranteed contract, he will not count against the team's cap.

The Cavaliers released Gerard King. Since he was signed to a non-guaranteed contract, he will not count against the team's cap.

The Grizzlies signed Jason Williams to a 6 year, $43 million contract extension. The extension will start with the 2002-03 season.

The Nets formally waived Jim McIlvaine after agreeing to a buyout of his contract. He will receive about $7 million for the last two years of his contract.

The Warriors will announce that they have matched Houston's offer sheet for Marc Jackson. The Warriors now have Jackson under contract for the next 6 years.

The Magic released Todd Fuller. Since he was signed to a non-guaranteed contract, he will no longer count against the team's cap.

The Lakers released Paul Shirley and Dennis Scott. Since they were signed to non-guaranteed contracts, neither will count against the team's cap.

The Magic released Laron Profit. His guaranteed salary will continue to count against the team's cap.

The Pacers released William Cunningham and Galen Young. Since both were signed to non-guaranteed contracts, they will no longer count against the team's cap.

The Pistons released Nate Green and Ricky Price. Since both were signed to non-guaranteed contracts, neither will count against the team's cap.

The Grizzlies released Adebayo Akinkule and Lazarus Sims. Since they were signed to non-guaranteed contracts, they will not count against the team's cap.

The Heat signed Kimani Ffriend to a minimum salary contract.

The Nuggets signed Shawnelle Scott to a minimum salary contract.

The Bulls exercized the team option on Ron Artest's rookie contract. He is now guaranteed through the 2002-03 season.

The Knicks waived Ed Cota and Michael Hicks. Since both were signed to non-guaranteed contracts, neither will count against the team's cap this season.

The Raptors released Sean Colson. Since he was signed to a non-guaranteed contract, he will no longer count against the team's cap.

The Supersonics released Eddie Gill and Eddie Elisma. Since both were signed to non-guaranteed contracts, neither will count against the team's cap.

The Clippers released Ansu Sesay and Neil Edwards. Since they were both signed to non-guaranteed contracts, neither will count against the team's cap.

The Suns released Kendrick Johnson. Since he was signed to a non-guaranteed contract, he will no longer count against the team's cap.

The Knicks waived Larry Johnson who then announced his retirement. His guaranteed salary will continue to count against the Knicks' cap.

The Sixers released Joe Brown. Since he was signed to a non-guaranteed contract, he will no longer count againt the team's cap.

The Kings released Eric Chenowith, Garth Joseph and Mike Wilkes. Since all were signed to non-guaranteed contracts, they will no longer count against the team's cap.

The Jazz released David Benoit, Kaniel Dickens and Jamel Thomas. Since they were signed to non-guaranteed contracts, they will not count against the team's cap.

The Nets signed Steve Goodrich to a minimum salary contract.

The Heat released Loren Meyer and Geno Carlisle. Since both were signed to non-guaranteed contracts, neither will count against the team's cap.

The Timberwolves released Steve Hart. Since he was signed to a non-guaranteed contract, he will not count against the team's cap.

The Hawks released Pepe Sanchez. Since he was signed to a non-guaranteed contract, he will not count against the team's cap.

The Sixers released Quincy Wadley. Since he was signed to a non-guaranteed contract, he will no longer count against the team's cap.

The Nuggets released Paul McPherson, Saddi Washington and Reed Rawlings. Since all were signed to non-guaranteed contracts, they will not count against the team's cap.

The Nuggets exercized the team option on James Posey's rookie scale contract. He is now guaranteed through the 2002-03 season.

The Mavericks released Chris Robinson. Because he was signed to a non-guaranteed contract he will no longer count agasinst the team's cap.

The Trail Blazers released DeJuan Wheat. Because he was signed to a non-guaranteed contract he will no longer count agasinst the team's cap.

The Spurs released Bryan Bracey. Because he was signed to a non-guaranteed contract he will no longer count agasinst the team's cap.

The Wizards released Mike Smith and Michael King. Because they were signed to non-guaranteed contracts they will no longer count agasinst the team's cap.

The Rockets signed Moochie Norris to a 6-year, $23 million contract.

The Nets released Paul Grant, Lonnie Harrell and Victor Thomas. Because all were signed to non-guaranteed contracts, they will no longer count against the Nets' cap.

The Suns released Chris Anderson. Because he was signed to a non-guaranteed contract, he will no longer count against the team's cap.

The Pacers exercized the team options on Jonathan Bender's and Jeff Foster's rookie scale contracts. Both are now guaranteed through the 2002-03 season.

The Celtics signed Chris Herren to a minimum salary contract.

The Timberwolves exercized the team option on Wally Szczerbiak's rookie scale contract. He is now guaranteed $2,933,188 for the 2002-03 season.

The Hornets waived Lorenzo Coleman and Cory Hightower. Because they were signed to no- guaranteed contracts, they no longer count against the Hornet's cap.

The Wizards waived Thomas Hamilton. Since he was signed to a non-guaranteed contract, he will no longer count against the wizards' cap.

The Bucks released Mark Strickland. Since he was signed to a non-guaranteed contract, he will not count against the team's cap this season.

The Timberwolves exercized the team option on Wally Szczerbiak's rookie scale contract. He is guaranteed through the 2002-03 season.

The Suns exercized the team option on Shawn Marion's rookie scale contract. He is now guaranteed $2,265,376 for the 02-03 season.

Trade: The Bulls traded the rights to 2nd round pick Sean Lampley to the Heat for a future second round pick.

The Cavaliers exercized the team option on Andre Miller's rookie scale contract. He is now guaranteed $2,460,709 for the 02-03 season.

Seattle signed Shammond Williams to a 2-year, $3.7 million contract.

The Hornets signed Ricky Moore to a minimum salary contract.

The Heat signed Vladimir Stepania to a minimum salary contract.

The Timberwolves signed Gary Trent to a minimum salary contract.

The Knicks allowed their disabled player exception expire without using it.

The Clippers exercised the team option on Elton Brand's rookie scale contract. He is now guatanteed $4,895,656 for the 02-03 season.

The Magic signed Todd Fuller to a non-guaranteed, minimum salary contract.

The Bulls signed first round pick Tyson chandler to a 4 year, $15,469,822 contract. The 4th season is a team option worth $4,801,102.

The Bulls signed first round pick Eddy Curry ro a 4-year, $12,534,242 contract. The 4th season is a team option worth $3,896,402.

Damon Jones was signed to a minimum salary contract by the Rockets.

Philadelphia signed Michael Smith and Quincy Wadley to minimum salary contracts.

The Knicks signed Lavor Postell, Michael Wright, Ed Cota, Michael Hicks, and Larry Robinson to minimum salary contracts.

Milwaukee signed Mark Pope to a minimum salary contract.

Seattle signed Earl Watson, Eddie gill, Antonio Harvey, Jamal Kendrick, Art Long, Eddie Elisma, Anthony Johnson and JaRon Rush to non-guaranteed, minimum salary contracts.

The Kings signed Eric Chenowith, Gart Joseph, Mario Bennett, Torraye Braggs, Mike Wilkes, Jamie Watson and Jabari Smith to minimum salary contracts.

The Spurs signed Gerald Brown, Brian Bracey and Mark Bryant to minimum salary contracts.

Miami signed Sean Marks, Loren Meyer and Geno Carlisle to minimum salary contracts.

The Mavericks signed Ruben Wolkowyski and Chris Robinson to non-guaranteed minimum salary contracts.

Portland signed Mitchell Butler, Johnny Taylor and DeJuan Wheat to minimum salary contracts.

The Nets signed Donny Marshall, Derrick Dial, David Vanterpool, Danny Earl, Lonnie Harrell, Paul Grant and Victor Thomas to minimum salary contracts.

The Nets waived Jim McIlvaine after buying out his contract. If he is claimed off waivers, his new team will adopt his $12.6 million salary for 2001-02 and 2002-03. If he clears waivers, the buyout amount of $8.4 mil will count against the Net's cap for the next two seasons.

Memphis signed Lazarus Sims, James Collins, Bryant Notree, and Adebayo Akinkunle, to minimum salary contracts.