The agent for Miami Heat stars Chris Bosh and Dwyane Wade refuted a report on Tuesday that his clients were prepared to take significant pay cuts, which would free up some salary for general manager Pat Riley to use to improve the roster.
Earlier Tuesday, The (Portland) Oregonian reported that Bosh was expected to sign a five-year deal worth $11 million for the first year of the deal while Wade would sign a four-year deal that starts at $12 million for the first season.
Wade and Bosh each were set to earn more than $20 million this upcoming season and $40 million total next season. By opting out of their contracts for less money but for more years, the two stars would have provided Riley about $12 million to use on upgrading the roster.
But agent Henry Thomas said The Oregonian report was inaccurate and that both players will be paid more. If that is the case, the Heat will wind up with quite a bit less than the reported $12 million to use on improving the roster.
LeBron James is demanding a maximum contract, which should pay the superstar in the neighborhood of $22 million.
The Heat is expected to target free agent guard Kyle Lowry of Toronto or free agent center Marcin Gortat of Washington.
---Free-agent forward Carmelo Anthony arrived amid fanfare in Chicago as he began his tour to possibly find a new team. The Bulls welcomed the seven-time All-Star to the Windy City with signs at the United Center.
Anthony arrived at United Center with Bulls coach Tom Thibodeau and two others in a limobus. A small group of fans cheered his arrival.
After his trip to Chicago, Anthony reportedly will head to Texas on Wednesday to meet with the Houston Rockets and Dallas Mavericks.
CBSSports.com reported that Anthony will meet with the Los Angeles Lakers on Thursday.
Despite other teams wooing Anthony, the New York Knicks remain confident that they can re-sign the All-Star. ESPN quoted a source as saying team president Phil Jackson has "connected" with Anthony.
---Free agent guard Shaun Livingston has agreed to sign a contract with the Golden State Warriors, ESPN.com reported Tuesday.
The deal would pay Livingston the league's full mid-level exception for the next three seasons.
A contract cannot officially be signed until July 10, when a league-wide moratorium on signings and trades is lifted.
Livingston, 28, played the 2013-2014 season for the Brooklyn Nets. He played in 76 regular-season games, including 54 starts, averaging 8.3 points and 3.2 assists.
He started 10 of the Nets' 12 postseason games, and he averaged 9.7 points while shooting 51.2 percent from the field in those playoff games.
---The Cleveland Cavaliers reached an agreement with guard Kyrie Irving late Monday night on a contract extension.
The extension is reported to be a max contract allowed under the collective bargaining agreement at five years and $95 million. The new deal begins next year and will run through the 2019-20 season. Irving had one year remaining on his contract.
"Looking forward to the next 6 years of @KyrieIrving in CLE. Just shook hands &intend to sign on the 10th. Cant be more excited about @cavs...," Cavaliers owner Dan Gilbert said on Twitter.
Gilbert, Cavs general manager David Griffin and new coach David Blatt were among the team officials who went to Irving's New Jersey home to offer the deal just after the free agency period opened at midnight Tuesday, ESPN reported. New contract cannot be signed until July 10.
---The Milwaukee Bucks made their hiring of Jason Kidd as coach official on Tuesday after finalizing a deal with the Brooklyn Nets.
The Nets received a second-round draft pick in 2015 and 2019 as compensation for Kidd, who spent one season as their coach and posted a 44-38 record. Kidd's new contract is expected to be for three or four years.
"When you list the characteristics that make a successful head coach, you would include leadership, communication and a competitive drive," Bucks general manager John Hammond said in a statement. "Jason used all of those traits to become a 10-time All-Star player in the NBA, and has now translated his on-court success to the bench.
"We welcome him to the Bucks organization and look forward to building a championship-caliber team with him as our head coach."
To make room for Kidd, the Bucks fired coach Larry Drew on Monday. In Drew's one season with the Bucks, the team finished 15-67, the worst record in the NBA.