Speculation that the NBA will extend a moratorium on signing free agents from Friday to next month will not affect Bonzi Wells's contract status, according to the Grizzly guard's agent.

League sources indicated Tuesday that the collective bargaining agreement won't be finalized this week and the delay could prevent teams from signing free-agent contracts until Aug. 1.

The Grizzlies and Wells agreed to extend the deadline for deciding on an $8 million team option to coincide with ratification of the CBA. That was supposed to happen by Friday.

But Wells will either have the option picked up with a trade on the table or become an unrestricted free agent by the weekend.

Wells is not interested in prolonging the process beyond Friday.

"We expect a resolution," said William Phillips, who Wells retained as his agent following the season. "At the end of the day, Bonzi will be fine. The closer we get to the 22nd, the more serious the discussions get."

At least seven teams have expressed interest in Wells. The Grizzles have had more than cursory conversations with Boston, Dallas, Washington, Sacramento, Detroit, Utah and the Los Angeles Clippers regarding Wells.