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Basketball news gathered from around the net.

Klay Thompson, Warriors Agree Upon $70M Max Extension

Klay Thompson and the Golden State Warriors have agreed upon a four-year, $70 millon maximum contract extension.

The deal contains no options.

The Sacramento Kings reportedly made a late push to trade for Thompson by offering anyone other than DeMarcus Cousins or Rudy Gay.

Via Marc J. Spears/Yahoo! Sports

Lakers Among Teams Interested In Quincy Miller

Free agent Quincy Miller has received several inquiries from NBA teams since joining the available market on Monday, with the Los Angeles Lakers as leading suitors for the forward, league sources told RealGM.

The Houston Rockets and Indiana Pacers also have registered levels of intrigue in Miller, sources said.

A second round pick to Denver in the 2012 NBA Draft, Miller was a top prospect within the Nuggets’ organization as a multi-faceted player at 6-foot-10. Miller, who has gained two inches since entering the league, averaged 4.9 points and 2.8 rebounds last season.

To narrow their roster to 15, the Nuggets waived Miller on Monday in order to keep Alonzo Gee -- who entered training camp on a non-guaranteed deal and earned a permanent spot.

Via Shams Charania/RealGM

Ricky Rubio, Wolves Agree Upon Four-Year, $55M Extension

Ricky Rubio and the Minnesota Timberwolves have agreed upon a four-year, $55 million extension.

Rubio has been one of the NBA's most creative passers since coming over from Spain in the 11-12 season, but his perimeter shot has remained a work in progress.

Rubio was the fifth overall pick in the 2009 NBA Draft.

Via Adrian Wojnarowski/Yahoo! Sports

Alec Burks, Jazz Agree Upon Four-Year, $42M Extension

The Utah Jazz and Alec Burks have reached agreement on a four-year, $42 million contract extension.

Burks' deal could climb to $45 million with reachable incentive clauses.

Burks, 23, is the third young Jazz player, along with Gordon Hayward and Derrick Favors, to reach a four-year new contract with the franchise.

Burks has developed into one of the NBA's better young shooting guards.

Via Adrian Wojnarowski/Yahoo! Sports

Kawhi Leonard, Spurs End Extension Talks

Kawhi Leonard and the San Antonio Spurs have broken off talks on a contract extension.

Agent Brian Elfus and Leonard have held firm on their desire for a maximum contract extension, something Spurs management won’t consider until July.

“We feel Kawhi is deserving of a max contract, and we are disappointed that something couldn’t get done,” Elfus told Yahoo Sports. “There’s no debating Kawhi’s value. The market has been set. He’s done everything the Spurs have asked of him, exceeded all of their expectations. Coach [Gregg] Popovich has gone out of his way to call Kawhi the future face of the franchise. We have great respect for the Spurs organization, but here, we simply agree to disagree.

“There will be no shortage of teams interested in Kawhi’s services next year. There will be a lot of contract scenarios available to us, and we will explore them all.”

San Antonio could sign Leonard to a five-year, $90 million-plus extension now or next summer, if the Spurs are willing to make him their designated player. But Leonard could also sign an offer sheet with a rival team that includes a player option in the third season that would allow him to potentially leave the Spurs in 2017. 

Sources say the Spurs want to keep Leonard's contract off the books until they can explore free agent targets, especially since Tim Duncan and Manu Ginobili could retire.

Leonard would have a significantly smaller cap hold than what would be the first season of a max or near-max extension.

Via Adrian Wojnarowski/Yahoo! Sports

Reggie Jackson Determined To Find Starting Job In Restricted Free Agency

Reggie Jackson is determined to pursue restricted free agency in search of a starting job next offseason.

Jackson and the Oklahoma City Thunder were unable to agree upon a contract extension.

Jackson is eager to prove his value out of the shadow of Russell Westbrook.

Jackson could be a target in restricted free agency that rival teams can pry from the Thunder.

“Bottom line,” one NBA general manager told Yahoo Sports, “how much are they willing to pay for Westbrook’s backup?”

Some teams believe Jackson could command a deal in the $13 million-$14 million-plus annual range.

Kevin Durant, Serge Ibaka and Russell Westbrook are on the books to make nearly $50 million next season.

Via Adrian Wojnarowski/Yahoo! Sports

Jimmy Butler Rejects 'Hometown Discount' Offer From Bulls

Jimmy Butler rejected the Chicago Bulls' final contract extension offer on Friday and will become a restricted free agent in the summer of 2015.

“It came down to me deciding that I want to bet on myself,” Butler told Yahoo Sports in a text message on Friday. “It was about me believing that I put the work in this summer to become a better player with the hope that my improvement will give the Bulls a better chance to win a championship.”

The Bulls would have the option to match any offer sheet Butler were to sign on the open market, but it could threaten their payroll structure or allow him to become an unrestricted free agent in 2017. 

“All the [rookie extension] deals done so far have shown that teams are building around their stars of the future, and they’re compensating those players as such,” agent Happy Walters told Yahoo Sports on Friday. “I was under the impression Jimmy was also viewed as one of those future building blocks with the Bulls.

“We tried like heck to get something done, but ultimately, the Bulls wanted a ‘hometown’ discount. While understandable, I doubt their GM or coaches give Mr. Reinsdorf a discount when negotiating their own deals.”

Via Adrian Wojnarowski/Yahoo! Sports

Exec: Meeting With Rich Paul On LeBron Was For Them To Publicize Their Business

LeBron James empowered his agent Rich Paul to meet with several teams to Klutch’s offices in Cleveland for free-agent presentations without him present.

Those meetings were leaked to the public and the perception was that they were conducted to garner attention to their agency.

The Phoenix Suns, Houston Rockets and Dallas Mavericks met with Paul, in addition to the Cleveland Cavaliers.

“Just used as props to get attention and publicize their business,” one league executive told Yahoo Sports. “Maybe that’s smart to some people, but you have to deal with the same people again and again in this league. Those things can come back on you eventually.”

Via Adrian Wojnarowski/Yahoo! Sports

Brandon Knight, Bucks End Extension Talks

Brandon Knight and the Milwaukee Bucks have broken off extension talks.

Knight plans to enter restricted free agency in 2015.

Knight was acquired by the Bucks from the Detroit Pistons in 2013.

Via Adrian Wojnarowski/Yahoo! Sports

Russell Westbrook Suffers Fracture In Hand

Russell Westbrook suffered a fracture in his right hand in the Oklahoma City Thunder's loss to the Los Angeles Clippers on Thursday night.

Scott Brooks said Westbrook had a "small" fracture.

Westbrook is expected to miss four to six weeks.

Via Darnell Mayberry/The Oklahoman

Roberts: Players Won't Buy Owners' Cries Of Poverty

Michele Roberts has said that "cries of poverty will not work this time" after comments from Adam Silver indicated teams are losing money.

Klay Thompson, Warriors Hold No New Extension Talks

Klay Thompson would become a restricted free agent in 2015 without a new deal.

Ricky Rubio, Wolves Approximately $6M Apart On Extension Talks

The Wolves have offered Ricky Rubio a four-year, $52 million deal and could possibly go as high as $54 million.

Mavericks Open To Late Season Signing Of Ray Allen Or Rashard Lewis

The Mavericks would be open to signing Ray Allen or Rashard Lewis later in the regular season should either player be interested in a deal.

Hawks Decline John Jenkins' Fourth-Year Rookie Option

The Hawks have decided to allow John Jenkins to become an unrestricted free agent next offseason, league sources told RealGM.

Josh Smith: Kenneth Faried Is 'A Clown'

Josh Smith was responding to a quote from Kenneth Faried in which he said that Josh Smith "shot them out of the game."

Warriors Pick Up Options On Barnes, Ezeli; Decline On Nedovic

RealGM reported on Wednesday that the Warriors were strongly leaning toward declining the option on Nemanja Nedovic.

Jermaine O'Neal Hasn't Ruled Out Continuing Career

Jermaine O'Neal is not ruling out returning to the NBA for his 19th season after just turning 36.

Jeff Taylor Sentenced To 18 Months Probation, Treatment For Alcohol

An NBA spokesman told the Observer on Wednesday that the league’s investigation into Jeff Taylor is continuing.

Gilbert: Signing Kyrie Irving To Extension Was Pivotal To Getting LeBron

Dan Gilbert believes getting Kyrie Irving signed to a max contract extension with the Cavaliers was critical in landing LeBron James in free agency and then trading for Kevin Love.

LeBron Brings Back Chalk Toss After Public Vote

LeBron James held a public vote with 95 percent voting for the chalk toss.

Cavs, Anderson Varejao Close To Three-Year, $30M Extension

Anderson Varejao is the longest tenured member of the Cavaliers, joining the club in 2004.

DeAndre Jordan Not Focused On Contract, Considered 'Key To Championship'

Clippers' players and coaches believe the X-factor toward an NBA championship is DeAndre Jordan.

Celtics Exercise 15-16 Options On Olynyk, Sullinger, Zeller

The Celtics have exercised its third-year option on Kelly Olynyk, and its fourth-year options on Jared Sullinger and Tyler Zeller.

Robert Covington, 76ers Nearly Finalize Agreement; Forward Likely Signing In D-League

Robert Covington and the 76ers progressed toward finalizing a multi-year contract this week, but a deal has deteriorated as the two sides failed to agree upon contract length, league sources told RealGM.

Gasol: Picking Bulls Over Spurs, Thunder Was Most Difficult Decision Of My Life

Pau Gasol had 21 points and 11 rebounds in the Bulls' opener against the Knicks.

Rose: I Don't Like To Say Too Much About My Haters

Derrick Rose had 13 points and five assists in 21 minutes during the Bulls' convincing 104-80 win over the Knicks.

LeBron, Gilbert Agree Relationship Is 'Really Good'

LeBron James and Dan Gilbert are ready to begin their first season back together again and are on good terms as the Cavaliers look to win their first NBA championship.

Thunder Unlikely To Sign Reggie Jackson To Extension

The Thunder have typically not kept players on rookie contracts that didn't sign extensions.

Malcolm Turner Hired As D-League President

Malcolm Turner was previously with the Wasserman Media Group.
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