Description: Small forward Trevor Ariza will sign a four-year deal to play for the Houston Rockets.
Insight: Ariza will obviously take the spot of free agent Chandler Parsons. He srtruggled last season averaging 9.5 ppg and 4.8 rpg in 56 games with the Wizards, but Ariza's best offensive season came with these same Rockets back in 2009 (14.9 ppg, 5.6 rpg, 3.8 apg).
Description: LeBron James signed a two-year deal with the Cleveland Cavaliers.
Insight: Cavaliers fans shouldn't worry about the short length of the deal, it's only a two-year deal because the league will have a new television deal in place for 2016 and likely a new collective bargaining agreement in 2017.
Description: The Lakers have re-signed PF/C Jordan Hill.
Insight: Hill will make $9 million in the first year of the contract and the Lakers have a $9 million team option for the second season. Hill averaged 20.8 minutes, 9.7 points and 7.4 rebounds per game, all career highs, last season.
Description: Nick Young has re-signed with the Lakers for four years and $21.5 million, according to Mike Bresnahan of the Los Angeles Times.
Insight: Young averaged 17.9 ppg last season, but he's not going to average 13.9 field-goal attempts, 5.5 3-point attempts and 4.5 free-throw attempts per game again. Because he doesn't offer anything besides scoring, he's not going to be a good fantasy option next season.
Description: Carmelo Anthony's agent, Leon Rose, told ESPN that his client "hasn't made a decision yet."
Insight: The NY Daily News reported Wednesday that Anthony would be re-signing with the Knicks, citing a person close to the star forward. The Los Angeles Lakers, Chicago Bulls and Houston Rockets are the other teams who have been heavily courting Anthony, but the Knicks can give him the most money.
Description: According to Adrian Wojnarowski of Yahoo Sports, the Jazz are prepared to match the Hornets max offer sheet to restricted free agent Gordon Hayward.
Insight: The 24-year-old Hayward was one of seven players to average 5.0 rebounds and 5.0 assists per game last season (LeBron James, Kevin Durant, Russell Westbrook, Joakim Noah, Nicolas Batum and Michael Carter-Williams were the others) and one of five with at least 14 ppg, 5.0 rpg, and 5.0 apg. He's expected to sign a four-year, $63 million offer sheet with Charlotte on Thursday, but Utah won't let him get away.
Description: The Mavericks and restricted free agent Chandler Parsons have reached an agreement on a three-year offer sheet worth in excess of $45 million, according to Marc Stein of ESPN.
Insight: The Rockets will have 72 hours to match the offer after Parsons officially signs on Thursday. The Rockets prefer to sign Chris Bosh than to retain Parsons, but a lot depends on what LeBron James decides to do. The Mavs are certainly forcing rival Houston's hand.
Description: According to the New York Daily News, Carmelo Anthony will return to the New York Knicks. He's expected to make the announcement Thursday.
Insight: A person close to Anthony told the Daily News Wednesday that "barring a last minute change of heart," Anthony will re-sign with the Knicks. The Los Angeles Lakers, Chicago Bulls and Houston Rockets are the other teams who have been heavily courting Anthony, but the Knicks can give him the most money.
Description: The Heat have agreed to a reported four-year contract with power forward Josh McRoberts, according to ESPN's Marc Stein.
Insight: Charlotte drafted Cody Zeller fourth overall last season but then started McRoberts 78 games. McRoberts contributed 8.5 points, 4.8 rebounds, 4.3 assists, 1.3 threes, 0.7 steals and 0.6 blocks while averaging 30.3 minutes per game. He could end up starting at the four for Miami, but who his teammates will be is up in the air.
Description: The Mavericks have re-signed Dirk Nowitzki to a three-year deal for $30 million.
Insight: It was a foregone conclusion that Nowitzki would re-sign with the only team he's ever played with. The 36-year-old averaged 21.7 points, 6.2 rebounds, 2.7 assists and 1.6 threes while shooting .497 from the field over 80 games last season. His terrific mid-range game has allowed him to age gracefully.
Description: The Jazz are expected to match any offer for restricted free agent Gordon Hayward, according to beat writer Jody Genessy.
Insight: The Phoenix Suns are expected to make a significant offer to Hayward, but it appears he'll be a member of the Jazz next season. Hayward was one of seven players to average 5.0 rebounds and 5.0 assists per game last season (LeBron James, Kevin Durant, Russell Westbrook, Joakim Noah, Nicolas Batum and Michael Carter-Williams were the others) and one of five with at least 14 ppg, 5.0 rpg, and 5.0 apg.