Toronto Raptors center Andrea Bargnani reacts to a call during the second half of their NBA basketball game against the Utah Jazz in Salt Lake City, Utah

Report: Knicks and Raptors have agreed on a trade to send Andrea Bargnani to New York

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Things move fast on the free agency rumor wire.

It was just this morning when the Clippers were said to be involved in trade talks with the Raptors to deal for Andrea Bargnani, but as it turned out, the Knicks are the team that has acquired his services.

From Howard Beck of the New York Times:

[T]he Knicks are closing in on a deal to acquire Andrea Bargnani, the Toronto Raptors’ jump-shooting 7-footer, according to a person involved in the talks.

The Knicks are offering a package built around Marcus Camby, Steve Novak and two future draft picks, one in the first round and one in the second. Several teams have pursued Bargnani, but the Knicks have emerged as the “strong favorites” to land him, and a handshake deal could come soon, the person said.

The Times updated the initial report to say that the trade has been agreed upon by the two teams, and is awaiting approval from the league office.

The future first round pick is the painful part of this deal for the Knicks, even though Bargnani — with his remaining salary and recent injury history — is an underwhelming free agent choice in and of itself.

While the teams may have changed since this morning, the facts on Bargnani have not. He is owed close to $23 million over the next two years, and has only managed to appear in a total of 66 games over the last two seasons due to injury.

It’s worth noting that the reigning Executive of the Year in Masai Ujiri just took over the operations in Toronto, and the fact that he may be able to squeeze draft picks out of anyone for an albatross like Bargnani should be commended — but it shouldn’t come as too much of a surprise.

Kevin Durant denies report he told Russell Westbrook he was returning to Oklahoma City

LOS ANGELES, CA - DECEMBER 21:  Russell Westbrook #0 of the Oklahoma City Thunder and Kevin Durant #35 discuss play during the first half against the Los Angeles ClipperLos Angeles Kingsat Staples Center on December 21, 2015 in Los Angeles, California.  NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this Photograph, user is consenting to the terms and condition of the Getty Images License Agreement.  (Photo by Harry How/Getty Images)
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In the weeks since Kevin Durant announced he was signing with the Golden State Warriors, we have yet to hear Russell Westbrook speak on his former teammate’s decision. This week, ESPN.com’s Royce Young indicated in a podcast interview that Durant was telling Westbrook and others in the days leading up to his decision that he was coming back to Oklahoma City. He later walked back his report, saying he misspoke. On Thursday, Durant himself told The Vertical‘s Shams Charania that he never said any such thing, or misled Westbrook or anyone else about his intentions.

“It’s false,” Durant told The Vertical on Thursday. “I didn’t say that – words about me telling Russell or Nick that I would stay or leave never came out of my mouth. We met as teammates, but no promises came out of it. In this day and age, I can’t control anything people claim out there. Someone can go out and say something random right now, and people will believe it.

“I never told Russell or Nick [Collison], ‘All right, guys, I’m coming back to the Thunder’ – and then a week later, I decide not to. Never happened. I don’t operate like that. I heard people say that story, but it’s not the truth.”

So that settles that.

Report: Spurs agree to two-year deal with free agent forward David Lee

DALLAS, TX - MARCH 01:  David Lee #42 of the Dallas Mavericks during the first half at American Airlines Center on March 1, 2016 in Dallas, Texas.   NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Ronald Martinez/Getty Images)
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Lee will have a player option in the second year of his deal, which will be worth the veteran’s minimum.

Lee, 33, considered more lucrative deals elsewhere, but committed to the Spurs’ opportunity to win a championship and play a backup role to LaMarcus Aldridge andPau Gasol.

General manager “R.C [Buford] and coach [Gregg] Popovich put a lot of time and energy to give David a visual of how much they wanted him and would use him,” Bartelstein told The Vertical. “A lot of people talk about taking less money, and not many people do it, so the Spurs get a lot of credit for selling David on joining their organization.”

After winning a championship with the Warriors in 2015, Lee was dealt to Boston last offseason, where he fell out of the rotation quickly. He was bought out midseason and signed with the Mavericks. He was solid in Dallas, but at his age and with almost no defensive ability, he didn’t draw much interest on the market. In San Antonio, he likely won’t have a big role, but he’s a solid veteran scorer in the frontcourt off the bench in limited minutes.

Bulls sign guard Spencer Dinwiddie

CLEVELAND, OHIO - APRIL 13: Spencer Dinwiddie #8 of the Detroit Pistons in action against the Cleveland Cavaliers at Quicken Loans Arena on April 13, 2016 in Cleveland, Ohio. The Pistons defeated Cleveland 112-110 in overtime.  NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by David Maxwell/Getty Images)
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CHICAGO (AP) The Chicago Bulls have signed guard Spencer Dinwiddie.

The Bulls acquired Dinwiddie in a trade with Detroit last month and waived him three weeks ago. He spent two years with the Pistons and appeared in 12 games last season, averaging 4.8 points and 13.3 minutes.

The Bulls announced the move Thursday.

D.C. on hook for additional $10 million for Wizards practice facility

NEW YORK, NY - OCTOBER 01:  Senior Sports Writer at Time Inc. Sean Gregory and Founder, Majority Owner, Chairman and Chief Executive Officer Monumental Sports & Entertainment Ted Leonsis speak onstage at the 2nd Annual 'NYVC Sports' Venture Series: The Future of Sports Digital Media panel during Advertising Week 2015 AWXII at the Liberty Theater on October 1, 2015 in New York City.  (Photo by Grant Lamos IV/Getty Images for AWXII)
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The Wizards are getting a new practice facility.

For some reason, the Wizards have to pay just $4.46 million for it. Washington D.C. will cover the rest.

How much is the rest?

More.

Jonathan O’Connell of The Washington Post:

The District”s sports and convention arm, Events DC, is proposing a series of upgrades to a planned Washington Wizards practice facility and entertainment center in Southeast that would  likely reduce the total number of seats but add $10 million to the original $55 million price tag.

The new spending would be paid for by Events DC, which is funded by a percentage of hotel occupancy taxes. It does not require approval by the D.C. Council but will have to be voted on by the Events DC board Aug. 11.

Wizards owner Ted Leonsis pledged to move the team’s practices there as well as home games for the Washington Mystics and a future Wizards’ NBA D-League affiliate team. His company, Monumental Sports & Entertainment, agreed to pay $4.46 million — or 8 percent of the original $55 million cost.

But in a July 26 letter to D.C. Council Chairman Phil Mendelson, Gregory A. O’Dell, president and chief executive of Events DC, wrote that the original $55 million budget was “based on a preliminary estimate, as development and analysis of the program and concept design had not yet been performed.”

So, the District agreed to pay for a project without knowing how much it would cost and got the primary beneficiary — Leonsis — to kick in a share based on a low early estimate? It’s almost as if politicians are inept or have ulterior motives.

At least Wizards practices and WNBA games will bring plenty of new money into the community.

As Leonsis said, “There’s never been a better time to be an owner of an NBA franchise.”