The Miami Heat have reassigned longtime assistant coaches Ron Rothstein and Bob McAdoo.

Rothstein and McAdoo will no longer play significant roles on Erik Spoelstra's staff and could leave the bench altogether.

It is immediately unclear what role Rothstein and McAdoo will have in the organization, but both are expected to continue to have jobs with the Heat, league sources said.

David Fizdale has become the top assistant in recent seasons, while Juwan Howard will be promoted from his role in player development.

Hedo Turkoglu is close to a one-year, $1.4 million deal to re-sign with the Los Angeles Clippers.

Turkoglu signed with the Clippers last season after finalizing a buyout with the Orlando Magic.

Turkoglu is 35 and will be entering his 15th NBA season.

Luke Hancock, a clutch championship shooter at Louisville, has reached agreement on a one-year, NBA-minimum contract with the Memphis Grizzlies, league sources told RealGM.

Hancock, 24, went undrafted in June after playing two collegiate years at George Mason and his final two for Rick Pitino. As the Most Outstanding Player in the 2013 NCAA tournament, Hancock propelled Louisville to a national championship and went for 22 points and 5-of-5 three-point shooting in the title game against Michigan.

The 6-foot-6 swingman averaged 12.3 points and 2.6 rebounds in 36 games last season.

Hancock played for the Orlando Magic and Houston Rockets in the July NBA Summer League.

The Houston Rockets have agreed on a trade to acquire Jason Terry from the Sacramento Kings, according to sources.

The Rockets will send non-guaranteed contracts, including Alonzo Gee, to the Kings. Houston will acquire two second round draft picks, including one via the New York Knicks.

Terry was traded from the Brooklyn Nets to the Kings last season.

Jamaal Franklin was waived by the Memphis Grizzlies on Sunday.

The Grizzlies released Franklin under the stretch provision.

Franklin had two seasons left on his contract.

Nike has exercised its right to match Under Armour's endorsement offer to Kevin Durant, according to sources.

Nike has countered a proposal of $265 to $285 million and believes it will re-sign Durant to a deal for the next 10 years.

Kevin Durant confirmed his new deal with Nike on Twitter on Sunday night.

The deal between Nike and Durant could hit up to $300 million based on royalties. Nike officials told Durant and his team at Jay Z's Roc Nation Sports on Saturday that it would indeed step up enough to allow the world's largest shoe and apparel company to keep him.

There were strong indications that Durant would go to Under Armour, and the decision has weighed heavily on him, according to sources.

Under Armour wooed Stephen Curry to join them and leave Nike last year, but they have now missed out on Durant and Blake Griffin, who joined the Jordan Brand.

Nazr Mohammed worked out and met with the Miami Heat on Thursday.

The Heat are searching for another backup big man.

Among available centers, the Heat are most intrigued by Emeka Okafor, who is still rehabiliating a back injury.

Mohammed spent the past two seasons with the Chicago Bulls.

Rajon Rondo has informed the Boston Celtics that he "wants out," according to a report.

Rondo has indicated that he will not re-sign with the Celtics in 2015 and that he would not re-sign with the Sacramento Kings, who have been linked to the point guard, either.

Jordan McRae has signed a contract with Melbourne United in Australia.

McRae was selected 58th overall to the San Antonio Spurs in the 2014 NBA Draft, and his rights were traded to the Philadelphia 76ers. The 76ers will maintain his rights.

McRae has an NBA out clause in his deal until January.

The San Antonio Spurs and Los Angeles Clippers have emerged as possible destinations for Ray Allen.

Allen is still deciding whether or not he will retire, but he has been widely expected to join LeBron James with the Cleveland Cavaliers should he continue his playing career.

Doc Rivers is a natural recruiter for Allen given their time together with the Boston Celtics.

The Spurs have one roster spot available.