Brian Scalabrine signed a rookie minimum contract with the Nets. It is assumed that it is a partially guaranteed salary with a team option for the second season.

Corey Hightower was signed to a non-guaranteed, rookie minimum contract by the Charlotte Hornets .

The Orlando Magic signed first round picks Jeryl Sasser to a 3-year, $2,908,440 with a team option for a 4th year worth $1,706,128.

Antawn Jamison signed a 6-year contract extension with the Golden State Warriors . The extension takes effect after the 01-02 season, lasts through the 07-08 season and will be worth more than $84 million. The contract terms won't be known until the 02-03 cap is determined.

Issac Fontaine was signed to a non-guaranteed, rookie minimum contract by the L.A. Lakers .

Lorenzo Coleman was signed to a non-guaranteed, rookie minimum contract by the Charlotte Hornets .

Jaren Jackson was waived by the San Antonio Spurs . If Jackson is not claimed off waivers, his guaranteed salary of $3,020,833 will continue to count against the team's cap.

The Orlando Magic signed first round pick Steven Hunter to a 3 year, $4,014,720 contract with a team option for a 4th year worth $2,194,643.

Tang Hamilton was signed to a non-guaranteed, rookie minimum contract by the Lakers.

Harold Jamison signed a 3-year, $2 million contract with the Clippers. The third season is at the team's option.

The Golden State Warriors signed first round pick Jason Richardson to a 3-year $7,822,080 contract with a team option on a fourth year worth $3,534,018.

The Golden State Warriors signed first round pick Troy Murphy to a 3-year $4,226,040 contract with a team option on a fourth year worth $2,231,808.

TRADE: Miami signed Tim Hardaway to a 3-year, $11.3 million contract and traded him to the Dallas Mavericks for a future 2nd round pick. The Mavericks used their trade exception to accept Hardaway's salary. As a result fo the trade, Miami now has a $3,350,000 traded player exception.

Priest Lauderdale signed a 1-year, veteran's minimum contract with the Trail Blazers. As a 3 year veteran, he will earn $565,850.

The Trail Blazers signed their first-round pick Zach Randolph to a guaranteed 3-year, $3,287,280 contract with a team option for a 4th season worth $1,805,126.

TRADE FINALIZED: After being satisfied with the health of Glen Rice, the Rockets approved the Knicks/Mavs/Rockets trade from Aug. 10th. The Rockets signed Shandon Anderson to a 6-year, $41 million contract and traded him to the Knicks. The Knicks sent Glen Rice and $1 million to the Rockets and Mugsy Bogues to the Mavericks. The Mavericks sent Howard Eisley to the Knicks and the rights to 2nd round pick Kyle Hill with $1 million to the Rockets. The Mavericks received a traded player exception worth $3,260,390 as a result of this trade.

Calvin Booth officially became a member of the Sonics as the 15-day time limit for the Mavs to match Seattle's offer has passed. Booth signed a 6-year, $34 million contract with Seattle.

The Nets bought out the last year of Chris Dudley's contract for $2.4 million.

Bryant Stith (Cle) signed a 2-year, $2.7 million contract with the Cavaliers.

Matt Bullard (Cha) signed a 3 year, $4.4 million contract with the Hornets. The third season is a team option worth $1.6 million.

TRADE: The Rockets signed Shandon Anderson to a 6-year, $41 million contract and traded him to the Knicks. The Knicks sent Glen Rice to the Rockets and Mugsy Bogues to the Mavericks. The Mavericks sent Howard Eisley to the Knicks and the rights to 2nd round pick Kyle Hill to the Rockets. The Mavericks received a traded player exception worth $3,260,390 as a result of this trade.

Joe Crispin (LAL) signed a rookie minimum contract with the Lakers.

Shawn Bradley (Dal) signed a 7-year contract worth $35million ($40 million with incentives) with the Mavericks.

Evsn Eschmeyer (Dal) signed a 6-year, $20.4 million offer sheet with the Mavericks. The Nets will have 15 days to match the offer and retain Eschmeyer.

Maurice Taylor (Hou) signed a 6-year, $48.8 million contract with the Rockets.

Sam Mitchell (Min) signed a 1-year, veteran's minimum contract with the Timberwolves. Mitchell will earn $1,000,000 for the season, but the team will only be responsible for $590,850 of that. The league will pay the remainder.

Cleveland signed their second round pick Jeff Trepagnier, to a 2-year, rookie minimum contract. The second season is a team option.

Philadelphia signed second round picks Damone Brown and Alvin Jones to 2-year, rookie minimum contracts. Both contracts have team options for the second season.

Philadelphia signed their first-round draft pick, Samuel Dalembert to a 3-year, $2,487,960 contract with a team option for a 4th season worth $1,599,549

Kendall Gill (Mia) signed a 1-year, $1.5 million contract with the Heat.

Philadelphia traded Tyrone Hill and Jumaine Jones to Cleveland for Matt Harpring, Robert Traylor and Cedric Henderson.

Philadelphia traded Roshown McLeod and a conditional first round pick to Boston for Jerome Moiso. The Pick is not available until 2003 and is lottery protected until 2007.

Cherokee Parks (SAS) signed a 2-year, $1.5 million contract with the Spurs. The second season is a player option worth $825 thousand.

Amal McCaskill signed a 2-year, $1.2 million contract with the Spurs.

The Rockets signed Hakeem Olajuwon to a 3-year, $17.4 million contract and traded him to the Toronto Raptors for a first-round pick and a second-round pick. As a result of the trade, Houston received a traded player exception worth $5,161,539

The Wizards signed first-round pick Brendan Haywood to a 3-year, $3,155,880 contract with a team option for a fourth year at $1,735,305.

Stephen Jackson signed a 2-year, $1.3 million contract with the Spurs. The second season is a player option.

Charles Smith signed a 2-year, $1.2 million contract with the Spurs. The second season may be a team option.

Felipe Lopez signed a 2-year, $1.2 million contract with the Timberwolves. The second season is a player option.

Khalid El-Amin signed a one-year, veteran's minimum contract with the Mavericks. As a one-year veteran, he will earn $465,850.

Darrick Martin signed a one-year, veteran's minimum contract with the Mavericks. As a 7-year veteran, he will earn $778,350 but the team will only be responsible for $590,850 while the league will pay the remainder.

Paul Pierce signed a 6-year maximum contract extension with the Celtics. The extension takes effect after the 01-02 season, lasts through the 07-08 season and will be worth more than $84 million. The contract terms won't be known until the 02-03 cap is determined.

Vince Carter signed a 6-year maximum contract extension with the Raptors. The extension takes effect after the 01-02 season, lasts through the 07-08 season and will be worth more than $84 million. The contract terms won't be known until the 02-03 cap is determined.

Calvin Booth signed a 6-year, $34 million contract with the Trail Blazers. Because the base salary is greater than the Early-Bird Exception, Dallas is unable to match the offer.

The Magic traded the rights to Brendan Haywood to the Wizards for Laron Profit and a future first-round pick. As a result of the trade, the Wizards gasined a traded player exception worth $630,850.

Mark Bryant was signed to a 2-year, $2.1 million contract by the Spurs.

Danny Ferry was signed to a 2-year, $2.1 million contract by the Spurs.