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These are basketball rumors from three days ago. For the most recent stories click here.

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

NBA Rumors for Wednesday, June 22

InsideHoops NBA rumors updated 3:15 p.m. ET. We update this page several times a day. Most of our updates throughout the day appear on our basketball blog. Click a bball story to read more, then click "BACK" to return here.

nba rumors The Indiana Pacers have acquired Jeff Teague from the Atlanta Hawks in a three-team trade than sends George Hill to the Utah Jazz, the IndyStar has confirmed. The rest of the deal has the Jazz sending their No. 12 overall pick in Thursday's NBA Draft to Atlanta, according to Yahoo reporter Adrian Wojnarowski, who first reported the trade. Indianapolis Star

According to IndyStar sources, Jazz general manager Dennis Lindsey was eager to acquire Hill, whom the Spurs drafted when Lindsey was San Antonio's assistant GM in 2008. Indianapolis Star

The move will give the Jazz a steadying influence at point guard while Dante Exum reacclimates himself to the NBA game after missing all of last season because of a torn ACL. Deseret News

NBA RUMORS PAGE STORIES UPDATED 1PM ET

nba rumors Not that it should come as a surprise, but LeBron James fully intends to return to the Cavs to defend the NBA championship they just won next season. "I love it here. I love being here. I love my teammates," James told cleveland.com, moments before he boarded a float at The Q for the Cavs' championship parade through downtown Cleveland. "Obviously my agent will take care of all the logistical things but, I'm happy. I've got no plans to go nowhere at this point." Cleveland.com

James, 31, can become a free agent if he decides not to exercise the one-year, $24 million player's option in his contract. He will all but certainly decline the option on June 29 so he can get a raise from the Cavs -- he can make upwards of $30 million next season under a new contract. Cleveland.com

MAIN MORNING NBA RUMORS PAGE STORIES

nba rumors The Orlando Magic made an aggressive bid to persuade Chauncey Billups to join Frank Vogel’s coaching staff as the top assistant, but Billups has declined the offer, league sources told The Vertical. The Magic were prepared to make Billups one of the NBA’s highest-paid assistant coaches, an opportunity to which Billups gave serious consideration before deciding to stay in his role as a network television analyst, league sources said. Yahoo Sports

The Magic are in advanced talks with Minnesota Timberwolves assistant David Adelman for a spot on Vogel’s staff, league sources said. Yahoo Sports

nba rumors Italian star Alessandro Gentile, one of the Euroleague’s top wing players, is determined to sign an NBA deal this summer, preferably with coach Mike D’Antoni and the Houston Rockets. The Rockets own the draft rights to Gentile, a 6-foot-7 perimeter player who was the No. 53 overall pick by Minnesota in 2014. Yahoo Sports

Gentile wants to play for the Rockets, but will obviously be open to Houston trading his rights elsewhere if the franchise becomes hesitant – or financially unwilling – to make a market deal with him. Yahoo Sports

New York Knicks forward Derrick Williams has informed the franchise that he’ll become an unrestricted free agent this summer, league sources told The Vertical. Williams, 25, passed on his $4.6 million player option for the 2016-17 season, choosing to test the market, sources said. Yahoo Sports

The Milwaukee Bucks have signed head coach Jason Kidd to a contract extension, the team announced yesterday. The agreement will keep Kidd in his position with the Bucks organization through the 2019-20 season. “Our goal remains to be a consistent contender for NBA Championships and we believe that Jason Kidd is the right man for the job,” said Bucks co-owner Wes Edens. “In terms of preparing, developing and relating to today’s players, we think there is no better fit to lead our young and talented roster. We are excited that Jason will continue to call Milwaukee his home.” InsideHoops

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