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Basketball news gathered from around the net.

World Peace Close To Deal In China

Metta World Peace is nearing agreement to sign with the Sichuan Blue Whales of the Chinese Basketball Association.

World Peace was waived by the New York Knicks in February and there's been some suggestions that he would receive a camp invite from the Knicks due to his relationship with Phil Jackson.

Via Ian Begley/ESPN

Emmanuel Mudiay Agrees To One-Year, $1.2M Deal In China

Emmanuel Mudiay has agreed upon a $1.2 million deal with Guangdong of the China Basketball Association.

Mudiay committed to SMU, but concerns of his eligibilty became an issue this month.

Mudiay is expected to be a top lottery pick in the 2015 NBA Draft.

Sportando first reported news of the agreement.

Via Adrian Wojnarowski/Yahoo! Sports

Jan Vesely Expected To Sign With Fenerbahce Ulker

Jan Vesely is close to signing with Fenerbahce Ulker.

Vesely was the sixth overall pick in the 2011 NBA Draft by the Washington Wizards and was traded last season to the Denver Nuggets.

Vesely has played in just 2,455 minutes over three NBA seasons.

Via Emiliano Carchia/Sportando

Joey Dorsey, Rockets Agree Upon Two-Year, $2M Deal

Joey Dorsey and the Houston Rockets have agreed upon a two-year, $2 million deal.

Dorsey will play as a backup at center to Dwight Howard.

Dorsey played for Barcelona this past season.

Dorsey was a second round pick by the Rockets in 2008.

Via Adrian Wojnarowski/Yahoo! Sports

Nikola Mirotic To Sign With Bulls On Three-Year, $17M+ Deal

Nikola Mirotic has announced that he will sign with the Chicago Bulls this offseason.

Adrian Wojnarowski reported that it will be a three-year deal worth more than $17 million.

Mirotic was the 23rd overall pick of the 2011 NBA Draft and has been with Real Madrid since 2008.

Via RealGM Staff Report

Nets Working On Bojan Bogdanovic Deal

The Brooklyn Nets are working on signing Bojan Bogdanovic, who was drafted in 2011 by the club.

The Nets are attempting to use the taxpayer's midlevel to sign Bogdanovic, according to reports.

The Nets were close to signing Bogdanovic last offseason, but talks collapsed in negotiating his $2 million buyout with Fenerbahçe Ülker.

Via Reed Wallach/Nets Daily

Nikola Mirotic, Bulls Begin Working On Deal

Nikola Mirotic has secured a $3 million buyout with Real Madrid in order to come to the Chicago Bulls, reports HoopsHype.

Mirotic was the 23rd overall pick in the 2011 NBA Draft and has since developed into one of Europe's best forwards.

Because he was drafted three years ago, Mirotic is not subject to the rookie salary-cap scale, and the Bulls likely will need to use some of their cap space to contribute to his buyout and sign him to a long-term contract.

The Bulls can pay up to $600,000 toward Mirotic's buyout, but anything over that amount would be considered a signing bonus and be charged to the Bulls' cap. 

Shams Charania of RealGM reports that the two sides believe they don't have significant ground to cover, but no deal is imminent.

The Bulls' decision to move forward with Mirotic at this point signals that they will be moving on without Carlos Boozer next season. Boozer can either be amnestied or traded.

Via Brian Windhorst/ESPN

Pacers Agree To Three-Year Deal With Damjan Rudez

The Indiana Pacers have agreed upon a three-year deal with Damjan Rudez.

Rudez will receive a portion of the Pacers' mid-level exception.

Rudez, who is 6-foot-10, plays the coveted NBA stretch-four position.

Rudez's production for Zaragoza of the Spanish ACB has helped develop a growing level of value for him in the NBA. He shot 44 percent on three-pointers in the ACB season and 52 percent (28-for-54) in the 16-game Euro Cup.

Via Adrian Wojnarowski/Yahoo! Sports

Milan Macvan Focused On Overseas Deal, Talks Not Expected With Cavaliers

The Cleveland Cavaliers and their 2011 second round draft pick, Milan Macvan, had been expected to start preliminary negotiations, but Macvan now is solely concentrating on a new contract in Europe, a source told RealGM.

Macvan’s deal with Galatasaray of Turkey had expired this offseason, and the 24-year-old forward had shown a willingness to negotiate a move to Cleveland. FC Bayern Munich and Alba Berlin have emerged as top suitors for Macvan, a source said.

In his second season with Galatasaray, Macvan, a 6-foot-8 forward, averaged 6.6 points and 4.5 rebounds and 50.5 percent shooting from the field.

Cleveland selected Macvan with the 54th overall pick in 2011.

Via Shams Charania/RealGM
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