Warriors sign Andrew Bogut to contract extension

The Golden State Warriors have signed center Andrew Bogut to a multi-year contract extension, the team announced today.  According to the Associated Press, the deal is for three years and $36 million, but worth up to $42 million with incentives.

“This is a great day for the Warriors and we’re very happy to know that Andrew will be our center beyond this season as we continue to progress as a team,” said General Manager Bob Myers. “Andrew possesses a wide-ranging skillset that makes him a great fit alongside the other core pieces that we have assembled on our roster.  He is still just 28 years old and has established himself as one of the premier centers in the NBA.  He is a leader on our team and was a key part of our success during last season’s playoff run.”

Bogut enters the 2013-14 season owning career averages of 12.2 points, 9.2 rebounds, 2.3 assists, 1.58 blocks and 32.1 minutes in 440 career regular-season games over eight seasons with the Milwaukee Bucks and Golden State Warriors.  In 32 regular-season games for the Warriors last season, he averaged 5.8 points, 7.7 rebounds, 2.1 assists and 1.72 blocks in 24.6 minutes per contest before helping Golden State advance to the Western Conference Semifinals. 

In 12 postseason games last season, the 7’0” center averaged 7.2 points, 10.9 rebounds, 1.8 assists and 1.50 blocks, while shooting 58.2% from the field.  Bogut became the first Warriors player to average double-digit rebounds in the postseason (minimum five games) since Larry Smith in 1987.  He tallied career playoff-highs of 14 points and 21 rebounds in Game 6 of the First Round against the Denver Nuggets, one of his three postseason double-doubles and one of five games with 10-or-more rebounds.

“I am so happy to get this deal done and want to personally thank Bob Myers and the Warriors owners, Joe Lacob and Peter Guber, for believing in me as a person and my skills on the court,” said Bogut.  “I absolutely love living in the Bay Area and playing in front of our incredible fans.  I’ve said all along that this is where I want to be long term and now I look forward to starting the season and working with my teammates and coaches to continue building on the foundation that we laid last year.”

Originally drafted by Milwaukee with the first overall selection in the 2005 NBA Draft, Bogut had his finest NBA season in 2009-10, earning All-NBA Third Team honors after averaging a career-high 15.9 points, 10.2 rebounds and 2.54 blocks per contest.  After seven-plus seasons with the Bucks, the Melbourne, Australia, native was acquired by Golden State, along with Stephen Jackson, on March 13, 2012, in exchange for Monta Ellis, Ekpe Udoh and Kwame Brown.

Timberwolves waive Lorenzo Brown and Othyus Jeffers

The Minnesota Timberwolves today announced the team has waived guards Lorenzo Brown and Othyus Jeffers. The Timberwolves roster now stands at 16 players.

Brown, 23, averaged 12.6 minutes in three preseason contests this year, averaging 4.0 points, 1.0 rebounds and 1.0 assists per game.

Jeffers, 28, played in six preseason games with Minnesota this season, averaging 4.3 points and 3.5 rebounds in 14.3 minutes per game.

Mavericks waive Renaldo Balkman, Devin Ebanks, D.J. Kennedy, Fab Melo

The Dallas Mavericks announced today they have requested waivers on Renaldo Balkman, Devin Ebanks, D.J. Kennedy and Fab Melo.

Balkman (6-8, 225) saw action in four preseason games for the Mavericks and averaged 5.8 points and 2.5 rebounds in 12.4 minutes per contest.

Ebanks (6-9, 215) played in three Mavericks’ preseason games and averaged 4.8 points, 2.0 rebounds and 10.4 minutes. 

Kennedy (6-6, 215) averaged 1.0 point, 1.2 rebounds and 7.4 minutes for Dallas in five preseason games. 

Melo (7-0, 255) competed in three games this preseason and averaged 1.7 points, 2.0 rebounds and 8.9 minutes for the Mavericks.

The Mavericks’ roster now stands at 16.

Mark Cuban dunks on SEC, wins case

Mark Cuban, the flamboyant billionaire owner of the Dallas Mavericks basketball team, did not engage in insider trading when he sold his stock in an Internet company in 2004, a Texas jury decided on Wednesday.

Cuban, 55, estimated by Forbes magazine to have a net worth of $2.5 billion, was accused by the U.S. Securities and Exchange Commission of trading on non-public information when he sold his 600,000 shares in Internet search company Mamma.com – worth $7.9 million – and avoided a $750,000 loss.

Cuban nodded and smiled, and he blasted SEC lawyer Jan Folena in remarks after the verdict, saying she had tried to bully him and “lied” to the court.

— Reported by Reuters

Atlanta Hawks sign Cartier Martin

The Atlanta Hawks have signed forward Cartier Martin, it was announced today by President of Basketball Operations/General Manager Danny Ferry.

Martin played in 41 games (three starts) last season for the Washington Wizards, and averaged 6.6 points and 2.4 rebounds in 16.9 minutes (.381 FG%, .397 3FG%, .714 FT%). The five-year veteran has appeared in 161 career NBA games (nine starting assignments) with Charlotte, Golden State and Washington, averaging 5.4 points and 2.1 rebounds in 14.2 minutes (.389 FG%, .381 3FG%, .725 FT%). Martin has also seen action in China, Turkey, Italy and in the NBA Development League with Iowa. The 6-foot-7, 220-pound forward played four seasons collegiately at Kansas State (2003-07).

The training camp roster stands at 18.

Steve Mills returns, Grunwald out as Knicks GM

Steve Mills is returning to the New York Knicks as president and general manager, replacing Glen Grunwald in a front-office shake-up just days before the start of training camp.

Mills spent a decade as an executive at Madison Square Garden and before that worked at the NBA for 16 years. He left MSG in 2009 after the arrival of Donnie Walsh as Knicks president.

Grunwald took over when Walsh left in 2011 and constructed much of the roster that helped the Knicks win a playoff series last season for the first time since 2000. He will remain with the organization as an adviser, the Knicks said in a release Thursday.

Madison Square Garden Chairman James Dolan called Mills ”a well-respected sports executive with a strong background in basketball, as well as a familiarity with NBA operations and our company.”

”We look forward to his leadership and believe he is the right person to help us reach our ultimate goal of winning an NBA championship,” Dolan said.

Reported by Brian Mahoney of the Associated Press