Terrence Jones has agreed upon a two-year, $2 million deal with Qingdao.

Jones spent last season with the New Orleans Pelicans and Milwaukee Bucks.

Jones had a PER of 16.1 last season.

The Cleveland Cavaliers and Phoenix Suns have interest in executing a Kyrie Irving trade.

Eric Bledsoe has been a consistent player included in discussions.

The Suns also own Miami's first-round pick, which is partially protected in 2018. The Cavaliers are also seeking the inclusion of Josh Jackson in a trade. Phoenix has ruled out the possibility of trading Devin Booker.

"If that deal (Bledsoe, Miami first rounder and Jackson) for Irving was there, it'd be done by now," a league source with knowledge of the Cavs' thinking said.

Jackson cannot be traded until after August 4th.

The Indiana Pacers have waived Kevin Seraphin.

Seraphin had a guarantee date coming up on his deal.

Seraphin averaged 4.7 points and 2.9 rebounds in 11.4 minutes per game last season with the Pacers.

The Pacers signed Seraphin to a two-year, $3.6 million deal.

The Atlanta Hawks have requested waivers on Diamond Stone.

Stone appeared in seven games last season with the Los Angeles Clippers. Stone was traded to the Hawks in the Jamal Crawford trade in early July.

Stone was a second round pick in 2016 out of Maryland.

The Orlando Magic have waived guard-forward Marcus Georges-Hunt.

Georges-Hunt was signed as a free agent by Orlando on April 3, 2017.

Georges-Hunt played in five games last season during his rookie campaign with the Magic, averaging 2.8 ppg. and 1.8 rpg. in 9.5 minpg. He also made his NBA debut on April 4 at Cleveland, recording one rebound in four minutes, and scored his first NBA points on April 6 vs. Brooklyn, finishing with career-highs of eight points and seven rebounds in 20 minutes. Prior to being signed by Orlando, Georges-Hunt played in 45 games (40 starts) with the Maine Red Claws of the NBA G League, averaging 15.8 ppg., 6.2 rpg., 4.5 apg. and 1.02 stlpg. in 36.4 minpg., while shooting .392 (74-of-189) from 3-point range and .888 (159-of-179) from the free throw line. He ranked sixth in the G League in minutes played and 20th in assists and was named a 2016-17 NBA G League All-Star.

R.J. Barrett has reclassified for the class of 2018. Barrett was previously the top-ranked player in the class of 2018.

"After playing this summer I felt good where I am from a basketball standpoint," Barrett told ESPN.

Barrett is accelerating his college search.

"The schools that are have been on me the hardest are Arizona, Duke, Oregon, Kentucky, Michigan, Texas, UCLA and Kansas," Barrett said.

Recently Illinois, Indiana, Connecticut, USC and Michigan State have begun showing interest in Barrett.

Barrett will be in the draft class of 2019 if he stays one year in college.

Charles Cooke has agreed upon a two-way deal with the New Orleans Pelicans.

Cooke averaged 10.0 points, 3.0 rebounds and 0.8 assists in Summer League.

Cooke went undrafted in 2017 out of Dayton.

The Houston Rockets have waived Jarrod Uthoff.

Uthoff's contract would have become guaranteed at $200,000 on Sunday.

Uthoff averaged 4.4 points, 2.6 rebounds and 1.0 assists in 12.8 minutes over nine games last season with the Mavericks.

The New York Knicks never offered Derrick Rose even a contract at the veteran's minimum.

Rose signed with the Cleveland Cavaliers on a one-year, $2.1 million deal. Rose spent one season with the Knicks.

The Knicks drafted Frank Ntilikina in June as their point guard of the future.

“Did we miss something?,” Rose’s agent B.J. Armstrong asked The Post. “Is there something going [on] in New York we didn’t see? We all would agree they are on a different timeline than Derrick — a young team with great young talent there and trying to build something for the future. They’re not on the same timeline as players who are a little older and experienced.

“It doesn’t take a rocket scientist to figure out Derrick’s best basketball is right now. The Knicks aren’t ready to compete at that level right now. It could be three, four years.”

Rose is coming off his fourth surgery after playing 64 games with the Knicks.

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We grade each Western Conference team's offseason in alphabetical order from Dallas to Utah.

With host Nate Duncan (@NateDuncanNBA) and Danny Leroux (@DannyLeroux).  And if you like this pod, please donate to support Nate and Danny at Patreon.com/DuncanLeroux.  Merchandise available at NateDuncanNBA.com.