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After reading today's Basketball Rumors talk on the InsideHoops basketball forum where hardcore fans hang 24/7 talking hoops.

NBA Rumors for Monday, September 29

InsideHoops NBA rumors updated 1:00 p.m. ET. More NBA rumors stories and other news also appears on the InsideHoops basketball blog.

nba rumors Iman Shumpert is entering the fourth and final year of his rookie contract. He is eligible to sign a rookie scale extension between now and Oct. 31. According to league sources, the Knicks haven't had any contact with Shumpert or his representatives about a possible extension. ESPN NY

New York still has about four weeks to start talks with Shumpert, but the feeling here is that it will be content to let him enter next summer as a restricted free agent. The Knicks are trying to keep their salary commitments at a minimum for the summer of 2015 and 2016, when they hope to be active in free agency. ESPN NY

To make Shumpert a restricted free agent, the Knicks will have to submit a one-year, $3.7 million qualifying offer to him by June 30. They will then have the opportunity to match any offers Shumpert garners on the open market. ESPN NY

nba rumors On Monday, the Magic are expected to announce they have signed guards Seth Curry, Peyton Siva and Drew Crawford and big man Kadeem Batts. But although Curry, Siva, Crawford and Batts are going to be training-camp invitees, they will not compete for spots on Orlando's season-opening roster. The team's plan is to waive them and, if they clear waivers, assign them to the Magic's D-League affiliate, the Erie BayHawks. Orlando Sentinel

The Magic must make procedural moves before Oct. 31 to exercise their team options on former first-round picks for the 2015-16 season. The team will exercise its third-year option on Oladipo and its fourth-year options on Fournier, Harkless and Andrew Nicholson before the deadline. The Magic likely will make these procedural moves relatively close to the regular-season opener. Last year, the team exercised its 2014-15 rookie-scale options for Harkless, Harris, Nicholson and Nik Vucevic on Oct. 26. Orlando Sentinel

The team has until Oct. 31 to reach contract extensions with Harris and Vucevic, who are entering their fourth NBA seasons. Hennigan has said the team would like to reach extensions with both players. Orlando Sentinel

nba rumors David Blatt is doing his best to pump the brakes on the preseason expectations surrounding the Cavaliers. Whether or not it works remains to be seen. Despite beginning the season as favorites to win an NBA championship, Blatt said the Cavs aren’t yet an elite team. Akron Beacon Journal

“I would just like a little bit of time to see how this comes together so I understand how quickly we’re going to be able to move toward becoming a top-level team, which we are not right now,” [Blatt] said Sunday. “It’s too early. We have to really see how the combinations go, how the players take to one another, how they take to the system. But obviously there’s a lot to look forward to and a lot to expect.” Akron Beacon Journal

“I’m passing to LeBron and I’m running a pick-and-roll with K-Love and he’s picking and popping,” Irving said. “Me, Tristan (Thompson), Dion (Waiters) and Andy (Varejao) have a great feel for one another, but there are a lot more new pieces we have to get used to.” Akron Beacon Journal

nba rumors Brooklyn Nets small forward Andrei Kirilenko, who was working with the starters on the first day of training camp, has tightness in his lower back, which he believes could keep him out for the next 7-10 days. Kirilenko missed 25 straight games early last season due to back spasms. Overall, he missed 37 games in 2013-14 due to injury. ESPN NY

Kirilenko has been dealing with back problems over the last eight seasons. He and the team wanted to take precautions and be proactive so it doesn’t linger. Kirilenko said he began feeling the tightness on Saturday, but doesn’t think it was from practice, which he said was light. ESPN NY

“I don’t feel any pain right now,” he said. “I just feel tightness only. Yesterday I started feeling it so I told [trainer Tim Walsh] and we kinda started to slow it down a little bit so we wouldn’t get to the point where it was completely sore.” ESPN NY

Kirilenko called the back spasms a year ago “the worst of his career,” and they basically prevented him from being part of the team for the first two months of the regular season. He never seemed to get back on track afterward. He played only 45 games — his lowest total since the 2004-05 season — and finished with career low numbers across the board. To limit his back becoming a problem this season, Kirilenko spent a large chunk of the summer in the gym working out to strengthen his core muscles and improve his back in hopes spasms wouldn’t become an issue. NY Post

The players have already noticed some differences between Hollins and Kidd, as well, even after just one day of practice. “Lionel’s more seasoned,” Joe Johnson said. “He’s not a rookie. This isn’t his first head-coaching job, as opposed to Jason, who learned on the fly. I enjoyed my time with Jason … it was short-lived, but we moved on, and I’m looking forward to working with [Hollins].” NY Post

Hoping to lure [Gordon] Hayward away from Utah, Hornets owner Michael Jordan extended the versatile athlete the most money a non-Jazz team could: $63 million over four years (even though Utah intended to match any offer given him). Though Hayward signed that offer sheet with Charlotte, the Jazz proceeded to match the deal, keeping him in the fold through at least the 2017-18 season after which he has a player option. "Gordon’s proven himself to be an integral part of what’s building here," Snyder said at the time. "Obviously, everybody in the league knows he is a talent and a really good player." Deseret News

The Timberwolves will hold their annual media day on Monday before heading to Mankato for training camp, which kicks off at midnight Tuesday with "Dunks After Dark," a free event for fans that will include scrimmaging and a dunk contest featuring new faces like LaVine -- the high-flying first-round draft pick -- and Andrew Wiggins, the No. 1 overall pick who was the featured piece in the three-team trade that sent Love to Cleveland. When camp begins, Saunders will focus more on the day-to-day grind of coaching while handing more of the daily front office responsibilities to Newton. The two have known each other dating back to Saunders' ill-fated turn as a coach with the Wizards, and their ability to balance the needs of the present with the long-term outlook will be critical to the arrangement's success. AP

Dennis Rodman tells TMZ Sports ... his role of unofficial ambassador to North Korea is still going strong -- and now plans to bring WWE-style wrestling to Kim Jong Un country. Rodman was out in L.A. last night when he opened up about his plans -- telling us KJU expressed interest in having some Royal Rumble style action in his part of the world -- and Dennis says he's more than happy to help bring it over. TMZ

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