Toronto Raptors

NBA Notes: Norman Powell inks 4-year extension with Raptors

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NBA Notes: Norman Powell inks 4-year extension with Raptors

TORONTO -- The Toronto Raptors signed guard Norman Powell to a four-year extension Thursday.

The deal begins next season and is reportedly worth $42 million.

The 24-year-old Powell averaged 8.4 points and 2.2 rebounds in 76 games last season. The former UCLA player was drafted 46th overall in 2015, and averaged 5.6 points in 49 games as a rookie.

"I'm ready for it," Powell said. "It's what I've worked for. It's what I've fought for my first two years. . . I've worked, I've pushed myself in a totally different way this offseason. I'm preparing myself for a full 82-game season, for increased minutes, taking care of my body, just training and trying to improve. So I'm ready for it. I'm excited to get the season started."

Hornets: Batum to miss 6-8 weeks with elbow injury
CHARLOTTE, N.C. -- Hornets swingman Nicolas Batum will miss a minimum of six to eight weeks with a left elbow injury.

The team announced that an MRI on Thursday revealed the nine-year NBA veteran tore his ulnar collateral ligament in his non-dominant arm in the first quarter of Charlotte's preseason road contest against the Pistons on Wednesday.

The Hornets have not decided if Batum will need surgery or will attempt to rehab the injury.

Batum, who signed a five-year, $120 million contract in 2016, was expected to start for Charlotte. Batum's injury means Jeremy Lamb could be thrust into a starting role to open the regular season.

Batum last year became the first Charlotte player to score more than 1,000 points, grab 450 rebounds and hand out over 450 assists in a season.

Wizards: Morris rejoins team after trial, hernia surgery
WASHINGTON -- Washington Wizards power forward Markieff Morris had a busy month.

"I'm in a great position. I just had a beautiful young daughter. I just had successful surgery, and of course we beat the case," Morris said Thursday in his return to the team for the first time since his wild ride began.

The most recent milestone occurred Tuesday, when a Phoenix jury acquitted Markieff and his twin brother, Boston Celtics forward Marcus, after a two-week trial on aggravated assault charges. The Morris brothers were accused of being part of a group that beat a former friend in January 2015 outside a high school basketball game.

"Our lawyers did a great job the entire case," Morris said. "We were positive the entire time, confident that we were going to win. Just happy it's behind us and not a distraction anymore" (see full story).

Mavericks: Team leaves Carlisle, veterans at home
ORLANDO, Fla. -- Dallas Mavericks coach Rick Carlisle did not make the trip to Orlando for a preseason game against the Magic due to illness.

Dallas officials said associate head coach Melvin Hunt will stand in for Carlisle on Thursday night.

Carlisle was not alone in not making the trip. Veterans Dirk Nowitzki, Wesley Matthews, Harrison Barnes, Nerlens Noel, J.J. Barea, Josh McRoberts and Devin Harris also will not be in Orlando to face the Magic.

The Mavericks (2-0) are coming off a 118-71 home win over the Chicago Bulls on Wednesday night. Assistant coach Kaleb Canales also did not make the trip to Orlando so that he can remain in Dallas to work with the veteran players who remained at home.

NBA Notes: Kyle Lowry announces he's staying with Raptors

NBA Notes: Kyle Lowry announces he's staying with Raptors

Kyle Lowry is staying home.

Lowry announced on The Players' Tribune site Sunday that he will re-sign with the Toronto Raptors, adding that it was an easy decision.

A person with knowledge of the negotiations told The Associated Press that Lowry's deal is worth $100 million over three years. The person spoke on condition of anonymity because neither Lowry nor the team publicly revealed those details.

The three-time All-Star averaged 22.4 points and 7.0 assists last season for the Raptors, who also struck a deal to retain forward Serge Ibaka earlier Sunday to a $65 million, three-year deal.

Lowry says: "I'm coming back to Toronto because my heart is telling me that it's home."

Raptors: Ibaka reportedly staying in Toronto
A person familiar with the negotiations says Serge Ibaka is staying with the Toronto Raptors, agreeing to terms on a 3-year, $65 million deal.

The person spoke to The Associated Press Sunday on condition of anonymity because the deal cannot be finalized until next week.

Keeping the 6-foot-10 Ibaka was an obvious priority for the Raptors, who are also in talks to retain All-Star point guard Kyle Lowry.

Ibaka, 27, was traded to Toronto from Orlando late last season. He averaged 14.2 points and 6.8 rebounds in 23 games with the Raptors.

Entering his ninth NBA season, Ibaka has career averages of 12 points and 7.3 rebounds.

Rockets: Nene reportedly agrees to deal
The Houston Rockets and Nene have a contract -- again.

A person with knowledge of the situation tells The Associated Press that the Rockets agreed to terms with Nene on a three-year deal worth $11 million. It comes one day after an initial agreement fell apart because it violated rules of the Collective Bargaining Agreement. The person requested anonymity Sunday because a contract cannot be signed until Thursday.

Nene initially agreed to a four-year, $15 million deal. But the deal violated a rule for players who will be 38 during the contract and so Nene became a free agent again.

But Nene's interior presence was critical for the Rockets, who have also agreed to terms with P.J. Tucker to add some toughness to a high-scoring roster.

ESPN first reported the new deal.

Cavaliers: Korver to remain in Cleveland
A person with knowledge of the situation tells The Associated Press that the Cleveland Cavaliers have agreed to terms with shooter Kyle Korver on a three-year, $22 million contract.

The Cavaliers reached agreement with Korver on Sunday. The person spoke to AP on condition of anonymity because a contract cannot be signed until the moratorium ends on Thursday.

Korver joined the Cavs midway through last season in a trade from Atlanta. The 36-year-old is one of the league's best outside shooters and made it clear he wanted to stay with Cleveland after making it to his first NBA Finals.

Korver led the league in 3-point percentage (45) and averaged 10.8 points in 35 games for the Cavs.

Timberwolves: Free-agent Gibson reportedly agrees to deal
MINNEAPOLIS  -- A person with knowledge of the negotiations says Taj Gibson is reuniting with coach Tom Thibodeau, agreeing on a two-year, $28 million deal to join the Minnesota Timberwolves.

The person spoke to The Associated Press Sunday on condition of anonymity because the deal cannot be finalized until the NBA's moratorium ends Thursday.

Gibson has spent the bulk of his career in Chicago, including five seasons under Thibodeau. The Bulls traded him to Oklahoma City late last season.

For his career, Gibson has averaged 9.4 points and 6.3 rebounds. In Minnesota, he'll be a new addition along with another former Bulls teammate -- Jimmy Butler, who was traded to the Timberwolves last month.

NBA Notes: Tim Duncan's ex-financial adviser gets 4 years in prison for defrauding him

NBA Notes: Tim Duncan's ex-financial adviser gets 4 years in prison for defrauding him

SAN ANTONIO -- An ex-financial adviser to retired San Antonio Spurs player Tim Duncan has been sentenced to four years in federal prison for defrauding the former NBA star of millions of dollars.

Federal prosecutors say 49-year-old Charles Banks of Atlanta was sentenced during a court hearing Wednesday in San Antonio.

A judge also ordered Banks to pay $7.5 million in restitution.

Banks had pleaded guilty in April to one count of wire fraud.

Investigators say Banks manipulated Duncan --who retired last year after five NBA championships with the Spurs -- into guaranteeing payment of a $6 million debt related to a merchandising business.

Prosecutors say Banks failed to disclose commissions and loans he received in the deal.

Banks is set to report to federal prison as early as Aug. 28.

Lakers: Team exercises Nwaba's $1.3 million option
EL SEGUNDO, Calif. -- The Los Angeles Lakers have exercised their $1.3 million contract option on guard David Nwaba for the upcoming season.

The Lakers announced the move Wednesday.

Nwaba earned a job with the Lakers after they called him up from their D-League affiliate on Feb. 28. The rookie averaged 6.0 points and 3.2 rebounds per game while impressing Luke Walton's coaching staff with his hustle and defensive play.

The Lakers signed him to a new contract with a multi-year component just three weeks after his NBA debut.

Nwaba is a local product, attending University High School in West Los Angeles and Santa Monica College before finishing his college career at Cal Poly.

Raptors: Webster promoted to general manager
TORONTO -- The Toronto Raptors have promoted Bobby Webster to general manager, making the 32-year-old assistant the youngest GM in the NBA.

Webster will report to team president Masai Ujiri. He replaces Jeff Weltman, who left Toronto in May to become president of the Orlando Magic.

A former staffer at the NBA league office in New York, Webster joined the Raptors in 2013 and was named assistant GM in 2016.

His first task will be deciding what to offer All-Star point guard Kyle Lowry, who opted out of the final year of his contract last month after Cleveland swept Toronto in the second round of the playoffs.

Forwards Serge Ibaka, P.J. Tucker and Patrick Patterson are all unrestricted free agents.

Also Wednesday, Toronto promoted Dan Tolzman to assistant general manager.

The Raptors have posted consecutive 50-win seasons and made four straight playoff appearances.

Cavaliers: James teaming with Showtime on documentary
CLEVELAND -- LeBron James will help tell a story he's still shaping.

The Cavaliers superstar is teaming with Showtime on a documentary that will examine the modern NBA and the league's impact on popular culture worldwide. James, who has been producing TV and movie projects for several years, will serve as an executive producer with long-time business partner Maverick Carter.

The three-part documentary will be directed by filmmaker Gotham Chopra and premiere in 2018.

James has become one of the game's most transcendent players. The 32-year-old recently led Cleveland to its third straight Finals -- his seventh consecutive trip. The three-time champion continues to play at an amazingly high level after 14 pro seasons.

"We developed the idea for these films because of the incredible, generational impact some of the NBA's most successful players have had on every aspect of American culture," said Carter, CEO of SpringHill Entertainment. "Gotham is the perfect filmmaker to bring these stories to life, and Showtime is the right platform to showcase how they were able to transcend the game and shape the culture in an unprecedented way."

Chopra previously produced and directed a successful documentary on Kobe Bryant.

"Despite the fact that I am a Boston Celtics fan to the bone, collaborating with Maverick and LeBron was an inspired opportunity," he said. "Sports in general and specifically the NBA provide a great backdrop for storytelling. But these films offer us a chance to go beyond that; to weave a broader cultural narrative in our current social climate."