Timberwolves re-sign Sebastian Telfair

Minnesota Timberwolves Vice President of Basketball Operations Kevin McHale today announced the team has re-signed free-agent guard Sebastian Telfair. Per team policy, terms of the deal were not disclosed.

“Sebastian showed a lot of growth as a point guard and decision-maker last season and bringing him back was a priority for us this offseason,” McHale said. “He gives us another experienced playmaker in the backcourt and I look forward to his continued development.”

The Timberwolves acquired Telfair on July 31, 2007 in a trade with Boston. In his lone season with Minnesota, the 6-0 guard averaged 9.3 points, 2.3 rebounds and a career-high 5.9 assists per game, finishing the season ranked 10th in the NBA in assist-to-turnover ratio (3.20-to-1). Telfair appeared in 60 games for the Wolves, starting 51, before missing the final 21 contests with a sprained left ankle.

Originally selected by Portland with the 13th overall pick in the 2004 NBA Draft, Telfair played two seasons with the Blazers before being dealt to Boston in a draft-night trade on June 28, 2006. In his four seasons with the Blazers, Celtics and Wolves, Telfair has appeared in 274 games, posting career averages of 7.8 points, 1.7 rebounds and 3.8 assists per game.

Magic sign-and-trade Keyon Dooling to Nets

The New Jersey Nets have acquired guard Keyon Dooling from the Orlando Magic in exchange for cash considerations, Nets President Rod Thorn announced today.

“Keyon is a versatile NBA veteran, and we are pleased to add him to our roster,” said Thorn.  “His ability to play both the point and shooting guard positions will add flexibility and depth to our backcourt rotation.”

Dooling, a 6-3, 195 pound guard, averaged 8.1 points, 1.4 rebounds and 1.8 assists in 72 games, including one start, for Orlando during the 2007-08 season.  The eight-year NBA veteran has appeared in 465 games with the Clippers, Heat and Magic, holding career averages of 6.8 points, 1.3 rebounds and 1.9 assists.  Originally drafted with the 10th overall pick out of Missouri in the 2000 NBA Draft, Dooling has averaged 7.1 points, 1.1 rebounds and 1.3 assists in 29 career postseason contests for the Heat and Magic.

InsideHoops.com says: The Nets now have about 64 players on their roster. This could mean the team may try to trade Marcus Williams, maybe for a protected first rounder, or a pair of second rounders plus cash or something. They also may try to package a pair of big guys, like Sean Williams or Josh Boone and get one big guy back in return.

As of now the Nets look like a lottery team. Unless this new cast develops really magical team chemistry, making the playoffs could be tough.

Good deal for the Nets though. Dooling makes any team better.

Darius Miles comeback attempt

SI (Ian Thompson) reports: Darius Miles is trying to become the first player to return from an injury that was deemed to be “career-ending” by the NBA. If he were to sign a new contract and play in 10 or more games this season, his $9 million salary would go back on Portland’s books — though his return would not affect the Trail Blazers as badly as has been advertised. Miles underwent microfracture surgery to repair his right knee in November 2006. He hasn’t played since, and he was released by the Blazers in April after the “career-ending” judgment was made by an independent medical examiner appointed by the NBA and the players’ union. In recent weeks, Miles has had workouts — ranging from two hours to less than 30 minutes — with the Nets, Celtics, Suns and Mavericks, all of whom controlled the terms while asking Miles to compete against other players.

Nuggets will miss Najera

The Rocky Mountain News (Aaron J. Lopez) reports: Not only was Eduardo Najera an ambassador in the community, but he was the true definition of a team player, something the Nuggets lack far too often. He was one of the team’s best pick-and-roll defenders and never worried about how many points he scored. Not that Najera was invisible on offense. He ran the court as well as any big man on the roster and became a dangerous three-point shooter — much to the delight of coach George Karl, who would love to have three Najeras on his bench every season.

Nets add Hayes and Najera

The New York Daily News (Julian Garcia) reports: In reaching agreements with forwards Jarvis Hayes and Eduardo Najera Friday, the Nets added players who fit that description perfectly. It doesn’t hurt that both can do other things that should help keep the Nets competitive until they are able to go on a major shopping spree two summers from now. Hayes, a five-year veteran, played for the Pistons last season, averaging 6.7 points and 2.2 rebounds for the Eastern Conference finalists. He can help the Nets in two areas where they need it most – on defense and perimeter shooting. Najera, an eight-year veteran who turned 32 Friday, averaged 5.9 points and 4.3 rebounds with the Nuggets last season. He’s regarded as a tough player who is also great in the locker room.

Nets move to Brooklyn taking forever

The New York Daily News (Julian Garcia) reports: The Nets are still scheduled to move to Brooklyn. But as for exactly when that will happen, not even owner Bruce Ratner can say. At the press conference to introduce new players Yi Jianlian and Bobby Simmons Wednesday, Ratner acknowledged that the move, which in recent months had been pushed back to the start of the 2010-2011 season, may not occur until that season is already underway. Ratner said that the move could occur late in the year. Ratner’s spokesperson, Barry Baum, clarified the remarks, saying that the team has acknowledged for awhile that the move may not occur until the 2010 “calendar year” as opposed to before that season. “When (Ratner) says late in the year, he means late in 2010,” Baum said.

Nets sign Chris Douglas-Roberts

The New Jersey Nets have signed their second round selection in the 2008 NBA Draft, Chris Douglas-Roberts, Nets President Rod Thorn announced today.  Per team policy, terms of the agreement were not released.

Douglas-Roberts, selected by the Nets in the second round with the 40th overall pick, was named Conference USA Player-of-the-Year and averaged 18.1 points and 4.1 rebounds during his junior year to help lead Memphis to the national championship game against Kansas.  The 6-7 guard was also named First Team All-American for the 2007-08 season.  In three seasons at Memphis, Douglas-Roberts averaged 14.2 points and 3.7 rebounds in 109 career games.

2008-09 Salary Cap set to $58.680 million

The  National  Basketball  Association today announced  that  the  Salary  Cap  for  the  2008-09 season will be $58.680 million.   The  new  Cap  goes  into  effect  immediately  as  the league’s “moratorium  period”  has ended and teams can begin signing free agents and making trades.

The  tax level for the 2008-09 season has been set at $71.150 million.  Any team whose team salary exceeds that figure will pay a $1 tax for each $1 by which it exceeds $71.150 million.

The  mid-level  exception  is $5.585 million for the 2008-09 season and the minimum  team  salary,  which  is  set at 75% of the Salary Cap, is $44.010 million.

For  the 2007-08 season, the Salary Cap was set at $55.630 million, the tax level was $67.865 million and the mid-level exception was $5.356 million.

LeBron loves Brooklyn

New York Newsday (Ken Berger) reports: “My favorite cities are New York; Washington, D.C.; Dallas, Texas; Los Angeles, California, and Akron, Ohio,” LeBron James said, pausing only before offering his hometown of Akron, which was suggested by me. “What’s your favorite borough?” LBJ was asked. “My favorite borough?” he said, without a hint of hesitation. “Brooklyn.”

Cavs offered Nets Wally for Vince

The Bergen Record (Dave D’Alessandro) reports:  The Nets may seem to be in the process of blowing up their roster, but if they truly wanted to experience a true demolition job, they had their chance Wednesday night. As they were putting some of the finishing touches on the Richard Jefferson-Yi Jianlian deal, the Nets received a call from the Cleveland Cavaliers, who offered them Wally Szczerbiak and his expiring, $13.2 million salary for Vince Carter. According to two Eastern Conference executives, who asked for anonymity so as not to spill Rod Thorn’s secrets, the Nets considered it — but not for very long.