|
 Sources told ESPN.com that Love on Wednesday notified the Cavaliers
that he is opting out of his contract, worth $16.7 million next
season.
The Cavaliers apparently were not surprised by Love's decision and
hope to re-sign the All-Star.
- -
Shooting guard Monta Ellis plans to opt out of the final season of
his contract with the Dallas Mavericks.
Ellis is owed $8.7 million next season, but the Mavericks did not
intend to attempt to re-sign Ellis despite the fact he averaged a
team-high 18.9 points last season.
- -
The Orlando Magic traded guard Luke Ridnour to the Memphis Grizzlies
in exchange for the draft rights to forward Janis Timma.
The 34-year-old Ridnour, an NBA veteran drafted in 2003 by Seattle,
played in 47 games for the Magic last season and averaged 4.0
points, 2.0 assists and 1.4 rebounds.
- -
[to top of second column] |
The NBA Board of Governors unanimously approved the sale of the
Atlanta Hawks to an ownership group led by billionaire Tony Ressler.
The sale price was reportedly about $850 million, including $107
million in debt for Philips Arena. (Editing by Frank Pingue)
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