Kurt Helin

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Report: Lakers reach agreement with Luol Deng on four-year, $72 million deal

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Apparently, the Lakers wanted a veteran presence up front to go with their young core players such as Julius Randle and Brandon Ingram — and they are not afraid to pay a lot to get them.

First, the Lakers gave old-school center Timofey Mozgov $64 million. Now this, via Shams Charania of The Vertical at Yahoo Sports.

Lakers GM Mitch Kupchak has wanted Deng for years (remember he was part of the talks back in the “Kobe Bryant to the Bulls” trade conversation many years ago), now he got his man. There is a good fit here, Deng played the four for Miami last season (after Chris Bosh was sidelined) and thrived, but is a traditional three so Luke Walton can plug him in as needed. He was solid at both ends of the court (although his skills are in decline at age 31), plus he’s loved by teammates and a rock solid guy in the locker room.

This is a solid signing, he’s the kind of professional the Lakers need in their young locker room. The Lakers had to pay a premium to get him, but that’s where the Lakers are right now — they are not a destination (as evidenced by their attempts to land elite stars). The Lakers need to build a solid foundation that can win some games. Deng helps that. Los Angels may well regret the final year of this deal when Deng is 35, but that is the price the team needed to pay to land him.

If the Lakers had made this signing right after free agency started and not the Mozgov deal it would have been much better optics for the franchise.

Top 10 players still available after Day 1 of NBA free agency

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That. Was. Insane.

An estimated $1.7 billion in NBA contracts were handed out. Mike Conley is now the owner of the richest contract in NBA history. Joakim Noah is a Knick for $72 million. Dwight Howard has gone home to Atlanta for $70 million. From minutes after the clock struck midnight on July 1 deals were flying with a few reasonable deals (Jeremy Lin to Brooklyn for $36 million) and a few head scratchers (Evan Turner got $70 million?).

Who is left? Here are the Top 10 free agents still on the board, with an update on where things stand with them.

1) LeBron James. We’re required to lead with the best player on the planet because he is technically still available as a free agent. We all know he’s signing a short-term deal to stay in Cleveland (although the numbers are a little complex), but he remains a free agent so we’ve got to put him here.

2) Kevin Durant. Durant met with Oklahoma City Thursday night (he could do that before free agency officially started because he was a member of the team still), then sat down with the Warriors and Clippers on Friday. (There were reports Durant was “blown away” by the Clippers’ presentation, which is great but because they cannot offer him a max contract it’s hard to see that deal getting done.) Up on Saturday are the San Antonio Spurs and Boston Celtics, while on Sunday Pat Riley and the Miami Heat get their shot. The feeling around the league is still Oklahoma City likely wins out in the end.

3) Al Horford. By signing Dwight Howard and re-signing Kent Bazemore to $70 million deals, the Hawks essentially ended Horford’s run in Atlanta (they are not going to pay the luxury tax for him, and while in theory they could make trades to clear out cap space for him that seems unlikely). Horford met with the Boston Celtics, Washington Wizards, and Houston Rockets (plus a “mystery team” according to Ramona Shelburne). He may well hold off his decision a few days to see where the Warriors and Spurs fall after Durant makes his decision.

4) Pau Gasol. He had a very quiet first day of free agency, which is how he likes it. Portland is reportedly interested right now. But like Horford, it could be wise for Gasol to let the Durant situation play out because both the Warriors and Spurs reportedly would come calling.

5) Harrison Barnes (restricted). There have been rumors that the Sixers, among other teams, are poised to make a big offer to Golden State’s starting wing player. But in a familiar theme (read the notes on Horford and Gasol) what happens to him is tied to Durant and others — if the Warriors get KD they will not match an offer for Barnes. If they don’t, that door starts to open. Barnes would sign his offer sheet from whatever team on July 7 (the day the signing moratorium ends), and the Warriors have three days to match.

6) Dwyane Wade. The report is Miami’s first offer to Wade was for $10 million a year — if that is true, he has a right to be insulted. The Heat are going to pay Wade Jared Dudley money? Wade reportedly has been offered more like $20 million a season from The Chicago Bulls, Dallas Mavericks, Denver Nuggets and Milwaukee Bucks. He reportedly put out feelers to the Spurs (who likely would not offer that much) and Knicks (who can’t). In the end, he probably uses this as leverage to get a better deal with the Heat, but apparently the door is at least cracked open.

7) Dirk Nowitzki. Friday was a rough day for Mark Cuban and the Mavericks. They met with Mike Conley, Hassan Whiteside, and Nicolas Batum, all of whom used Dallas as leverage to get bigger deals and re-signed with their current teams. Also, Chandler Parsons bolted (for a max contract in Memphis). Nowitzki will take his time reaching a deal and do whatever helps Cuban and the team the most; he doesn’t want to leave and go somewhere else (unless Cuban decides to blow the whole thing up).

8) Ryan Anderson. The prototypical stretch four saw a lot of interest: The Raptors, Nets, Lakers, Kings, and Wizards have all expressed some level of interest. Other teams could step up as well (teams that strike out on Durant included). About the only thing that became clear on Friday is that Anderson is not going back to New Orleans, they seemed to move on reaching deals with guys such as Solomon Hill.

9) Bismack Biyombo. With Hassan Whiteside and Joakim Noah off the board, the pace of action around Biyombo should pick up. He may be the best center left on the board — and the fact Timofey Mozgov just got $64 million has to make Biyombo (and his agent) optimistic about the offers that should start to roll in.

10) J.R. Smith. The shirtless wonder is expected to re-sign with the Cleveland Cavaliers (who lost Mozgov and likely Matthew Dellavedova in free agency so far, although the Cavs can match the Delly offer). Things seemed quiet on the Smith front on Friday, no teams were public about trying to poach him, which is likely a good sign for his eventual return to Cleveland.

It’s done (reportedly): Joakim Noah reaches four-year, $72 million deal with Knicks

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New York has made a big bet on a body that has been seemingly breaking down.

As has been expected since before free agency opened, the New York Knicks have signed former Bulls’ center Joakim Noah to a four-year, $72 million contract. Ramona Shelburne of ESPN broke the story.

This reunites Noah and his Bulls running mate Derrick Rose, who was traded to the Knicks recently (for Robin Lopez, which opened up the New York center slot for Noah). Combine those two with Carmelo Anthony and Kristaps Porzingis (who should take a step forward in his second season) and the Knicks look like a playoff team in the East. The long-term picture in New York is still fuzzy (save for Porzingis) but the team should win more games.

However, four fully guaranteed years of Noah is a big risk by the Knicks.

Noah played 29 games last season due to shoulder surgery. Because of back and foot issues he has played more than 70 games in just one of the last five seasons. Due to the injuries, when he has played he hasn’t been quite the same guy the past couple of seasons.

When healthy Noah still brings value. He is an elite rim protector and rebounder, he is a long and athletic defender, and he knows how to quarterback a defense. He’s not going to score much, but he is an excellent passing big who works well from the elbow/high post. Just a few years ago when healthy, he won Defensive Player of the Year.

The Knicks are betting he can be that guy again, or at least close to it. A lot of other teams were not willing to take that gamble.

Even if they get a year or two of quality play, but the fourth year of that deal it could be a mess.

Report: Jeff Green agrees to one-year, $15 million contract with Orlando

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I like the hiring of hiring Frank Vogel in Orlando. They did wisely keep Evan Fournier. I like their front court with Aaron Gordon, Nikola Vucevic, and now Serge Ibaka (at least for a year).

However, I have not loved the moves the Magic have made this off-season on the perimeter. Gone is Victor Oladipo (and Tobias Harris if you go back to the last trade deadline), and in their place there is Jodie Meeks and D.J. Augustin. (Part of my issue is I’m far from sold on Elfrid Payton.) That backcourt/wing spot is wanting.

Into that mix, you can now add Jeff Green, a signing broken by Jeff Zillgitt of the USA Today.

That’s not solving the problems.

With a one-year deal Green has bet on himself — impress in a place he should get touches (with Oladipo and Harris gone) and next summer he can rake it in with a longer deal. But after eight NBA seasons, the book on Green is pretty much written: The one game he brings it every two-or-three weeks will tease Magic fans, but most of the time he will be a non-entity. He doesn’t shoot the three-ball well to space the floor, and he just kind of floats through games. If you’re thinking “but with a one-year contract he’s motivated” don’t — this has been going on for eight years. He is what he is. Good enough to be a slightly-below average rotation wing and stick in the league, but not a guy going to break out.

That this is a one-year deal saves it for me from Orland’s perspective. Paying $15 million a year for Green is too much, but they are not locked into him. They can use him this year.

The real loser here: The Clippers. They gave up a first-round pick for Green at the trade deadline, now he walks as a free agent. They got a mediocre half-season rental, and the Clips have another hole to fill. Maybe Doc Rivers is convinced he can slide Kevin Durant into that slot, but in the real world the Clips will need to find someone else.

NBA Free Agency Tracker: All the latest signings, news, rumors in one place

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Welcome to the wildest NBA off-season anyone can remember.

Thanks to the new television deal the salary cap is spiking by $24 million. Look at it this way, last season the cap was $70 million, next season the salary FLOOR teams must reach is estimated to be $84.6 million. Throw in some quality free agents and things will be fast and wild.

We will keep this post continually updated for the first 24 hours of free agency so you can keep up with everything.

DEAL REACHED 10:49 PM: Kent Bazemore is staying in Atlanta — which means Al Horford is Not. Bazemore has reached a four-year, $70 million deal with the Hawks to stay in Atlanta.

The real story is with this move and the Dwight Howard move, the Hawks cannot afford to bring back Al Horford. He has been meeting with other teams — Houston and Washington among them — and is now on the move.

DEAL REACHED 10:45 PM: It’s done: Joakim Noah is going to the New York Knicks for four years, $72 million, Ramona Shelburne of ESPN broke the news. This has been expected for days. This is also a huge gamble on a body that has started to break down in recent years — he is not the Defensive Player of the Year Noah from three years ago. If healthy, he can still defend — and quarterback a defense — plus give the Knicks boards. He’ll be great in the locker room and for Kristaps Porzingis. But I fear by the end of this deal the Knicks will regret it. This was a lot of money for a guy who just appears to be in decline.

DEAL REACHED 10:40 PM: The New Orleans Pelicans have signed E'Twaun Moore for four years, $34 million. The Pelicans want shooting and Moore shot 45.2 percent from three last season for the Bulls. He’s not a great defender and can be streaky, but this is an average NBA player price so the Pelicans are not taking too much of a hit here. It’s a decent roll of the dice, and again another guy who can play the way Alvin Gentry wants to play.

DEAL REACHED 10:36 PM: Jared Dudley is headed back to Phoenix on a three-year, $30 million deal. While that is a little more than I might want to pay the veteran who primarily plays as a stretch four, that’s not unreasonable. Expect the Suns to shop that deal around within a year, he’s not part of the long-term future there but he can help a little. Dudley himself confirmed this is done.

9:42 PM: Here is the latest with Dwyane Wade (according to Adrian Wojnarowski of The Vertical at Yahoo Sports):

Miami’s first offer to him was $10 million a year, which is half of what he made last year and angered Wade. (Note, the Heat are still in the Kevin Durant sweepstakes and this offer could be tied to that.) Wade told his people to start asking around and saying he wants at least $20 million a year and four teams are interested: The Chicago Bulls, Denver Nuggets, Dallas Mavericks, and Milwaukee Bucks. Remember, Wade grew up in Chicago and played his college ball at Marquette not far from Milwaukee. Of those teams, Dallas and Chicago make the most sense on paper, but if Miami comes back to the table with a better offer expect a deal to get done.

9:28 PM: On Friday the Memphis Grizzlies agreed to massive deals for Chandler Parsons and Mike Conley. Now their owner has tweeted this:

9:16 PM: Kevin Durant’s four-hour meeting with the Clippers has ended, and according to ESPN’s Chris Broussard (who has overstated things before) Durant was “blown away” by the presentation. So that’s better than the Warriors “it went very well”? Whatever. The core problem for the Clippers’ pitch is that they cannot offer him a max contract without moving one of their core guys – no J.J. Redick, no Jamal Crawford, and on down the line. And even if the Clippers do all that for the “big four” Durant has to take a few million below max.

Remember last year when LaMarcus Aldridge came out of a meeting with the Lakers and word leaked about how bad it was? KD’s people learned a lesson and you will hear nothing but positives. Not to say the Clippers didn’t make a spectacular pitch, it’s just the salary cap math gets ugly fast and I can’t see Durant leaving OKC for that.

DEAL REACHED 8:34 PM: This is not exactly changing the balance of power in the NBA, but good on Justin Hamilton, who spent last season in the Spanish league, reaching a two-year deal with the Nets (no details yet about the guarantees on this contract, very seriously doubt both years are locked in). Hamilton is a center who played at Iowa State then bounced between the NBA and D-League for a couple years before going on his Spanish vacation.

8:18 PM: Multiple reports have Rajon Rondo meeting with the Chicago Bulls. Interesting. I completely understand why the Bulls needed to trade Derrick Rose, but if the plan was to get younger and more athletic, well, this ain’t that. Rondo’s side still trying to keep lines of communication open with Kings about a return, but they don’t seem interested.

7:42 PM: Evan Fournier is in a good mood after agreeing to a five-year, $85 million deal. No kidding.

DEAL REACHED 7:28 PM: Sorry, this one slipped through from about an hour ago during a rush of deals: Jeff Green has bet on himself and taken a one-year deal in Orlando, reports Jeff Zillgitt of the USA Today:

DEAL REACHED 7:23 PM: Dwyane Wade is still trying to get leverage on Miami (I still think it’s as much that as him actually looking around) and may set up meetings with the Knicks and Bucks next week, reports Brian Windhorst of ESPN.

The Knicks already have Derrick Rose and Joakim Noah, plus have talked with Eric Gordon, do they really need another guy with health issues on that roster?

DEAL REACHED 6:55 PM: It’s not yet official, but Mike Conley is on the verge of his expected five-year max contract with the Grizzlies, according to Marc Stein of ESPN. Arguably the most underrated player in the NBA, he’s not going to be the most underpaid any longer.

DEAL REACHED 6:36 PM: Dwight Howard is headed to Atlanta, reports Shams Charania of The Vertical at Yahoo Sports, three years at $70.5 million. While he didn’t get max money (which he expected for some reason), he did get more than many thought he would at an average of $23.5 million a season over the course of three years. He just opted out of a $23 million deal.

Atlanta has built a solid team, one based around guys buying into the system, moving the ball, playing their roles, and just fitting in the overall plan. It’s Spursian. Can Dwight Howard really do that? Can he kick the ball to Kyle Korver and not complain? Can he defend and rebound and not demand 15 post touches a night? If so this is a good get, but there are a lot of questions.

DEAL REACHED 6:32 PM: Veteran reserve forward Darrell Arthur is on his way to Denver. The deal is three-years, $23 million.

6:20 PM: It shouldn’t be a shock to anyone — if Memphis offered Mike Conley a full five-year max he was going to take it. Then he helped recruit Chandler Parsons to Memphis. What did you expect was next?

5:46 PM: The Utah Jazz are going to have a second meeting with Jared Dudley. He’s the kind of solid veteran off the bench that can help them, if they can get him at a good price.

5:35 PM: Chandler Parsons makes it official on Instagram:

4:45 PM: The Dallas Mavericks are meeting right now with Mike Conley, trying to convince the last of their big targets to join them. However, after Conley just helped recruit Chandler Parsons to Memphis, it seems a meer formality that Conley is going to re-sign with the Grizzlies. Free agency has been rough on Dallas.

4:43 PM: We said below that the Cavaliers would have three days starting July 10 to match the Matthew Dellavedova offer from the Bucks. But the guy with the most power in Cleveland just basically said the team will not do so.

DEAL REACHED 4:24 PM: I like this move for New Orleans — they have signed Solomon Hill to a four-year contract. He will likely come off the bench, but he can play some stretch four next to Anthony Davis at the five for the Pelicans and make them a much more dangerous team. This is a good get.

DEAL REACHED 4:10 PM: Matthew Dellavedova has signed a four-year, $38.5 million offer sheet with the Milwaukee Bucks. Dellavedova is a restricted free agent, meaning come July 7 the Cavaliers will have three days to match that offer, or Delly will be coming off the bench for the Bucks.

DEAL REACHED 3:35 PM: The Orlando Magic were going to have to pay to keep Evan Fournier after his breakout season, and man is that the case.

DEAL REACHED 3:30 PM: This may pass the Mozgov deal as the most stunning of free agency so far: Evan Turner just got four years, $70 million from Portland. Turner is a nice player, Portland has money to spend, but this feels a lot like overpaying.

DEAL REACHED 3:17 PM: It looks like Chandler Parsons is headed to Memphis — which means Mike Conley will stay there and the Grizzlies just got better. Adrian Wojnarowski with the news:

DEAL REACHED 3:10 PM: The Bucks have reached a three-year, $30 million deal with forward Mirza Teletovic, reports Marc Stein of ESPN. I like this for the Bucks — Teletovic averaged 12.2 points a night in 21 minutes off the bench for the Suns, and shot 39.7 percent from three. This is the kind of bench player the Bucks could use.

3:07 PM: Out of virtually every free agent meeting you hear things went “well” (nobody wants to repeat the LaMarcus Aldridge/Lakers PR disaster of a year ago), but the notes that there was a connection between Dwight Howard and the Hawks out of their meeting seems genuine. That could come together.

2:29 PM: Be careful reading much into it, but Andre Iguodala tweeeted this.

DEAL REACHED 2:25 PM: Philadelphia has agreed to terms with Jerryd Bayless, three years and $27 million. That’s a fair price for a backup combo guard who can get them 10 points a night (10.7 a game last season) and will knock down midrange jumpers. This is the kind of deal the Sixers should get while they bring the young core along.

1:53 PM: Austin Rivers has a couple of meetings coming up, with the Knicks and Trail Blazers. Of course, Doc Rivers might yet overpay to keep his son in Clippers’ colors.

1:24 PM: Interesting note on Hassan Whiteside‘s max deal — it’s not a guaranteed max. The two sides negotiated a second plan where Whiteside takes less if the Heat can convince Kevin Durant to come to Miami.

1:07 PM: Wow, this is a shocker — O.J. Mayo has been “dismissed and disqualified from the league for violating the terms of the NBA/NBPA Anti-Drug Program.” He is kicked out of the league, but he can reapply for reinstatement in two years.  Mayo had a rough season for the Bucks, playing in just 41 games and shooting 37.1 percent last season (he missed the end of the season with a broken ankle). He was a free agent, this is a rough time for this to come down on him (although he brought it upon himself).

The NBA will not say officially why he was booted from the league, but it has to be testing positive for a “drug of abuse,” a list that includes meth, cocaine, heroin, LSD and others. Back in 2011 Mayo served a 10-game suspension for a PED violation, however, this ban cannot be for that under the terms of the CBA (he would have had other suspensions before reaching this threshold). This is not unprecedented, remember Chris Andersen — the Birdman — was suspended back in 2007 but was reinstated two years later and went on to win a ring with the Heat.

12:58 PM: The Hornets have kept Nicolas Batum, but that meant losing Jeremy Lin and Al Jefferson via free agency. They are in negotiations right now to keep Marvin Williams.

12:57 PM: In case you were worried Kris Humphries wouldn’t be back in the NBA…

12:50 PM: The Warriors just ended a more than two-hour meeting with Kevin Durant. It takes a lot of time for Stephen Curry, Klay Thompson, Draymond Green, and Steve Kerr all to beg. The Clippers are up Friday night, the Spurs and Heat are on Saturday for KD.

By the way, Andre Iguodala was in the meeting with KD. Interesting. He was rumored to be one of the guys who would be traded if the Warriors land KD, apparently not.

11:53 AM: http://nba.nbcsports.com/2016/07/01/report-pacers-nearing-deal-with-al-jefferson/

This is reportedly a three-year, $30 million deal, which adds some front line bench scoring to the Pacers.

11:42 AM: The Sixers have reached a deal to bring in Jim O’Brien as an assistant coach under Brett Brown. Good hire.

DEAL REACHED 11:12 AM: As had been expected, the Washington Wizards and Bradley Beal reached terms on a five-year, $128 million max contract. They had been talking since free agency opened.

10:51 AM: When Dwyane Wade put out feelers to other teams about leaving Miami, those other teams were understandably skeptical. We saw this movie last year, he used other teams as leverage against Miami. But this time, he may be serious (although I’ll beleive it when I see it).

10:36 AM: The Sacramento Kings are talking with Dion Waiters, according to Chris Mannix of The Vertical at Yahoo Sports. That is a bit of a risk by the Kings, but they need shooting are in a position where they need to take risks. Dave Joerger is good with challenging personalities.

10:29 AM: Mike Conley has always been most likely to re-sign in Memphis (if they offered the fifth year of a max deal) and he has been talking with Chandler Parsons about joining him there, according to Marc Stein of ESPN. Parsons met with the Grizzlies. By the way, there is zero chance they would team up in Dallas.

DEAL REACHED 10:15 AM: Jeremy Lin is going back to New York… Brooklyn that is. As had been rumored, Lin has reached a three-year, $36 million deal with the Nets, according to Adrian Wojnarowski of Yahoo Sports. This is a good fit, the Nets need a point guard and someone who can sell tickets, and with the Nets Lin will get the ball in his hands and be asked to create and attack.

DEALS REACHED 9:53 AM: A lot to catch up on this morning:

http://nba.nbcsports.com/2016/07/01/report-pistons-andre-drummond-nearing-five-year-max-contract

http://nba.nbcsports.com/2016/07/01/hassan-whiteside-says-hes-re-signing-with-heat

http://nba.nbcsports.com/2016/07/01/report-nicolas-batum-agrees-to-five-year-120-million-contract-with-hornets

http://nba.nbcsports.com/2016/07/01/report-lakers-re-signing-jordan-clarkson-to-four-year-50-million-contract

http://nba.nbcsports.com/2016/07/01/report-pistons-signing-ish-smith-to-three-year-18-million-contract

http://nba.nbcsports.com/2016/07/01/report-magic-signing-d-j-augustin

2:24 AM: There’s been conflicting reports about who was meeting with Chandler Parsons when, but the Trail Blazers just got done with their meeting and threw a max offer down on the table, according to Sam Amick of the USA Today.

2:12 AM: With Derrick Rose and Joakim Noah the Knicks do not yet apparently have enough players with worrisome injury histories to reach their quota, they are talking to Eric Gordon (most recently of the Pelicans), according to Adrian Wojnarowski of The Vertical at Yahoo Sports.

I’ll need to see the terms of the proposed deal, but the Knicks training staff should get a raise.

DEAL REACHED 2:05 AM: DeMar DeRozan said he was only going to meet with Toronto, that he wanted to stay. Not a shock then that the two sides have reached a deal, something first reported by Sam Amick of the USA Today.

1:57 AM: There were fewer deals in the opening hours of free agency Friday than there were a year ago, and on the Vertical’s live show Adrian Wojnarowski had an interesting explanation for why: The league had called around to GM’s Friday asking about all these meetings that were set before players and teams could talk. While a number of deals were reached in the first hours of free agency, teams wanted to hold off on announcing them to avoid the appearance of tampering. That makes a lot of sense.

1:41 AM: The meeting between Hassan Whiteside and the Miami Heat has ended without a formal deal being reached. Dallas and Portland still will get chances to woo him.

1:21 AM: Chandler Parsons will meet with the Portland Trail Blazers and they will offer him a max contract ($26 million a year for him).

DEAL REACHED 1:13 AM: And it’s done (well except that the papers can’t be signed until July 7), the Lakers got their man in 7-foot Cavaliers’ center Timofey Mozgov for an average of $16 million a year, reports Adrian Wojnarowski of Yahoo Sports.

What surprises me most here: How does Mozgov fit in with the up-tempo style Luke Walton wants to play? This is going to play poorly with Lakers fans but it’s a decent short-term fit — with their young, more athletic players they needed a rim protector, a guy who can set screens and do the dirty work. I’m not sure I’d want to give him four years — it basically kills the idea of offering two-max players next summer — and that’s a lot of cash for a big the numerous small-ball teams in the West can marginalize. I don’t think this deal is horrid, but I don’t think it’s good. And it will fall to whoever takes over Lakers basketball operations after Jim Buss to clean it up.

1:11 AM: In addition to Mozgov, the Lakers also have reportedly reached out to Evan Turner, and there is mutual interest.

1:07 AM: Chandler Parsons is going to meet with Memphis and Portland in the next 24 hours, and despite missing more than 60 games the past two seasons with knee injuries, he is expected to be offered a max contract by at least the Blazers ($26 million for him). I’d say that is unprecedented, but Wesley Matthews got nearly the same thing coming off an Achilles injury the season.

12:40 AM: The Brooklyn Nets need a point guard, and while they are going to go after Jeremy Lin they also will take a look at Brandon Jennings, reports Chris Broussard of ESPN.

12:32 AM: Did not see this coming — Timofey Mozgov may be the Lakers’ big fish. The Lakers and Mozgov are in “advanced discussions” about a four-year, $65 million deal for the old-school big man, according to Adrian Wojnarowski of The Vertical at Yahoo Sports. My initial reaction is: That is vastly overpaying a guy who doesn’t really fit well in Luke Walton’s preferred up-tempo style. That soft weeping you here is Lakers’ Nation.

12:23 AM The Washington Wizards are nearing a max deal of five years, $128 million with Bradley Beal. While that is a lot of money for a guy who will be battling stress fractures his entire career (and have reduced minutes to prevent issues) if the Wizards didn’t max him out they’d lose him for nothing. The Wizards did what they had to do here. The two sides will reach a deal but he will sign that last, giving the Wizards about $30 million in cap space to chase other free agents.

12:14 AM: The first of many, many signs about how overheated this market will be.

12:08 AM: Who was Lakers’ GM Mitch Kupchak’s first call at midnight? Timofey Mozgov, the old-school center of the Cavaliers, reports Adrian Wojnarowski of The Vertical at Yahoo Sports. Not exactly what Lakers fans were hoping for this summer.

12:06 AM: We knew that the Knicks wanted Joakim Noah and he wanted them, no surprise the two sides are meeting already. But man, this seems like a lot of money and a lot of guaranteed years for a guy battling injuries.

12:02 AM: The Houston Rockets have a midnight meeting with coveted swingman Kent Bazemore (who would be a fantastic fit in Mike D’Antoni’s system). James Harden is reportedly at the meeting.

12:01 AM: The Dallas Mavericks are waiting their turn to meet with Hassan Whiteside, reports Marc Stein of ESPN. The Mavs are one of the favorites, along with the Heat, to land Whiteside, and they will offer him a max contract (Whiteside has said he wants to make a quick decision).

Midnight: IT’S ON!