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Green announces he's re-signing with Warriors

Draymond Green announced Wednesday night that he will re-sign with the Golden State Warriors on a five-year deal, with sources telling ESPN.com the deal is worth $85 million.

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2dGrantland

Lowe: Eight biggest free agency questions

When free agency opens at the stroke of midnight, the NBA will leap into its great unknown: an unprecedented three-year spending frenzy that will change the league forever.

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Kings ship 3 to Sixers to clear cap space

The Sixers will absorb the contracts of Carl Landry and Jason Thompson -- along with Sacramento's 2014 first-round pick Nik Stauskas, according to ESPN and multiple reports. The deal was first reported by Yahoo! Sports. Sacramento has entered the race for the Blazers free agent swingman Wesley Matthews, according to league sources.

Warriors re-sign Green to 5 years, $85M

The Warriors have agreed to terms on a five-year, $85 million deal with free agent forward Draymond Green, according to Bleacher Report. Green told the website: "It's been a long journey to get to this point, whether it's always trying to overcome the odds, overcome doubters, but to be in this position, signing back with the Warriors is amazing."

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Marc Stein @ESPNSteinLine

I'm also told that the Kings have secured a visit this week with Wes Matthews, putting Sacramento in the running with Dallas and Toronto

Marc Stein @ESPNSteinLine

The Kings, after completing this trade, will have the salary-cap space to outbid Indiana for a free agent they've long coveted: Monta Ellis

Zach Lowe @ZachLowe_NBA

Sixers will receive a protected 1st-round pick from the Kings, and swap rights w/ Sacto in the 1st round of two other drafts, sources say.

Doubt Draymond Green would re-sign?

ESPN senior writer Ramona Shelburne: "There wasn't really a doubt. There was more like a pause. ... The first conversation, there was a gap in what he wanted versus what they were offering. But essentially he was just watching everyone else get obscene amounts of money."

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Marc Stein @ESPNSteinLine

Twenty-five minutes left in the wildest July 1 we've ever seen on Planet Roundball. C'mon, NBA. Don't be wasteful

Source: Asik returning to Pelicans

Omer Asik and the Pelicans are finalizing terms to keep the big man on New Orleans' front line alongside Anthony Davis, according to Marc Stein. Davis was signed to a five-year, $145 million extension with the Pelicans in the opening minutes of free agency.

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Marc Stein @ESPNSteinLine

New contract to keep Asik alongside Anthony Davis on Pelicans' front line, I'm told, on course to be verbally agreed by night's end

Shump won't dump Cavs

Iman Shumpert has agreed to a four-year, $40M contract to remain with the Cavaliers, according to ESPN's Brian Windhorst and multiple reports. Shumpert averaged 9.1 ppg and 4.9 rpg for the Cavs in the playoffs, but disappeared in the NBA Finals.

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'Cavs could not replace Iman Shumpert'

ESPN's Brian Windhorst: "Had he left in free agency, they would not have the mechanism to D up a wing defensive player and shoot 3's alongside LeBron James."

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What should D.J. do in free agency?

Max Kellerman suggests DeAndre Jordan join the Lakers and cash in next season when Kobe Bryant is off the books. Marcellus Wiley doesn't buy that advice: "Let me ask you if going to a worse team for less money with questionable ownership is a better move or not."

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Marc Stein @ESPNSteinLine

ESPN sources say Raptors and Mavs still locked in battle for Wes Matthews. Yes: Raps still want him after striking deal with DeMarre Carroll

Kobe Bryant sends message on Twitter

In the wake of reports that LaMarcus Aldridge was not impressed with the basketball portion of the Lakers' free agency presentation, Kobe Bryant tweeted a not-so-happy meme. Kobe upset with reports?

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Arash Markazi @ArashMarkazi

Nothing is going to be imminent with these minimum salary guys. Obviously no one rushes to verbally agree to those terms until they have to.

Kevin Negandhi @KNegandhiESPN

If you think the players are getting paid in NBA free agency, just think what the owners are raking in. They don't spend unless they make $$

Arash Markazi @ArashMarkazi

Doc tried hard to sign Kendrick Perkins last season. He chose Cleveland but played sparingly. Doc is still interested.

Arash Markazi @ArashMarkazi

If you're wondering how Lance Stephenson and Jamal Crawford will work together off the bench, you're not alone.