The Jazz remain in talks with restricted free-agent center Kyrylo Fesenko, who received a qualifying offer from the team earlier this offseason.

Rasho Nesterovic is returning to Europe after 12 seasons in the NBA.

Nesterovic has agreed to a deal with Olympiacos.

The Pacers haven't signed rookie big man Magnum Rolle to a contract, but they are expected to do so before training camp begins on September 28.

"He will be invited to training camp. I anticipate he will be signed before camp. We like how he played in the rookie camp and also what he showed in the Summer League. He is here in Indianapolis, working out on his own. There is a reasonable chance he will be with us when the season opens," said team spokesman David Benner.

The Cleveland Cavaliers have signed guard/forward Joey Graham to a contract, Cavaliers General Manager Chris Grant announced today. Per league and team policy, terms of the contract were not announced.

Graham, 28, played in 63 games (18 starts) during the 2009-10 season with the Denver Nuggets, averaging 4.2 points on a career-high .520 shooting and 2.0 rebounds in 12.1 minutes per game.  In his 18 starts, he averaged 7.4 points on .473 shooting and 3.3 rebounds in 21.9 minutes per game.  

"We're excited to add Joey to our roster. He adds a tough, veteran presence on the perimeter that will complement the pieces we have in place," said Cavaliers General Manager Chris Grant. "With his strong work ethic and discipline, we feel he is a great match with the culture we have built and continue to build."

As of Friday morning, the Bulls had not completely ruled out signing veteran free agent Tracy McGrady.

When Eddie House signed with the Heat, the Bulls lost one of their free agent options. Chicago continues to look at Keith Bogans and Roger Mason Jr.

Even though the Bulls haven't ruled out signing McGrady, a source close to the situation maintains that doing so remains "unlikely."

Bobby Brown continues to draw interest from the Raptors, who he played for at the summer league in Las Vegas.

ESPN.com's Marc Stein writes that Toronto is the most likely team to sign the point guard.

However, the Raptors have two point guards (Marcus Banks and Jose Calderon) that they have unsuccessfully tried to deal.

The Celtics are still looking for a big man and have both Shaquille O'Neal and Kwame Brown on their radar.

Despite signing Jermaine O'Neal, Boston is still looking for one more interior player to round out their roster.

However, the Celtics only have money left for a minimum contract, something even Brown may not agree to play for.

ESPN.com's Marc Stein reports that O'Neal is still hoping to work a sign-and-trade from Cleveland in order to land a higher salary with a contender.

The Cavaliers have agreed to terms with free agent forward Joey Graham on a two-year, $2.1 million contract, according to Brian Windhorst of the Cleveland Plain Dealer.

Graham had long been on Cleveland's radar.

In order to sign Josh Howard to a one-year contract earlier this week, the Wizards had to renounce the rights to free agent James Singleton.

Washington remains interested in retaining Singleton.

Oklahoma City Thunder Executive Vice President and General Manager Sam Presti announced today that the team has waived guard Kyle Weaver.

In two seasons with the Thunder, Weaver appeared in 68 games (19 starts) and recorded averages of 4.9 points, 2.2 rebounds and 1.6 assists in 19.3 minutes per contest.