The San Antonio Spurs didn't waste any time after losing out in the Kevin Durant sweepstakes.
The Spurs agreed to a two-year deal with veteran forward Pau Gasol on Monday, a person with knowledge of the situation told The Associated Press.
The deal is worth more than $30 million and final terms will be completed after the Spurs make a move or two to create the necessary cap space, according to the person who spoke on condition of anonymity because the contract cannot be signed until Thursday.
The Spurs were one of six teams granted a meeting with Durant last weekend, and they had hoped to sell the biggest available free agent on joining the most consistently successful American sports franchise of the last two decades. But Durant announced on Monday he was leaving the Oklahoma City Thunder for the Golden State Warriors, making the Western Conference even more daunting for the Spurs and the rest of the contenders.
That didn't stop the Spurs from remaining aggressive in hopes of matching a team that won a league-record 73 regular-season games and just added a fourth All-Star to its roster (see full story).
Mavericks: Team reportedly agrees to trade for Bogut
DALLAS -- Andrew Bogut is headed to the Dallas Mavericks from Golden State thanks to the Warriors' successful pursuit of Kevin Durant.
A person with knowledge of the deal said Monday that the Mavericks have agreed to acquire Bogut with the Warriors trying to clear salary cap space so they can add the four-time scoring champion Durant to the Splash Brothers duo of Stephen Curry and Klay Thompson.
NBA
Other details of the trade are still being worked out, the person told The Associated Press on condition of anonymity because the deal hasn't been finalized and can't be official until league business resumes Thursday.
The person also said the Mavericks are set to sign Harrison Barnes, who will become an unrestricted free agent after Golden State renounces his rights to clear enough cap room to sign Durant.
The Mavericks had informed Barnes they would him extend him an offer sheet as a restricted free agent, but now the sides have agreed to a maximum contract and Dallas will sign Barnes to a four-year, $94 million deal as early Thursday when contracts can be finalized (see full story).
Heat: Team reportedly offers Wade bigger deal to stay
MIAMI -- Dwyane Wade has an offer to consider.
Wade has been extended a two-year, $40 million contract offer to stay with the Miami Heat, a person with knowledge of the negotiations told The Associated Press on Monday.
The second year would be at Wade's option, said the person who spoke to the AP on condition of anonymity because talks are ongoing. The contract, if accepted, would essentially match the career-best $20 million salary Wade made this past season.
This is the second consecutive summer in which Wade and the Heat have had a rocky time finding common contractual ground, and the issue this time could be more about the length of the deal than the compensation. Wade has left millions on the bargaining table in past negotiations with the Heat, though some of that sacrifice also helped him win championships in 2012 and 2013.
A three-year deal would obviously help him recoup more of what he's given up in the past (see full story).
Knicks: Jennings reportedly agrees to one-year deal
NEW YORK -- A person with knowledge of the details says that Brandon Jennings has agreed to a deal with the New York Knicks.
Jennings will finally join the Knicks after they passed on him in the 2009 NBA draft, the person told The Associated Press on Monday, confirming reports of the point guard's one-year, $5 million deal.
The Knicks took forward Jordan Hill with the No. 8 pick in 2009. Jennings went two picks later to Milwaukee, and he hurt the Knicks with a series of strong performances when he played against them.
Now he will come to New York as the backup to Derrick Rose, whom the Knicks acquired from Chicago in a trade last month.
Jennings was limited to 48 games last season with Detroit and then Orlando after he was traded at midseason. He has averaged 15.5 points and 5.9 assists in 460 games.