Per the Charlotte Observer…

The Charlotte Bobcats and Raymond Felton’s agent both confirmed this morning that Felton has signed the one-year, $5.5 million qualifying offer for this season, which will make him an unrestricted free agent next summer.

This amounts to an acknowledgement that the team and Felton couldn’t work out a long-term deal. Agent Kevin Bradbury said Felton isn’t upset by that and wants to remain in Charlotte.

The solid play of D.J. Augustin has made Felton expendable in Charlotte. Felton averaged 14.2 points and 6.7 assists last year, but shot less than 41% from the field and less than 29% from long range.

When restricted free agents are unable to work out a long-term deal, it’s a sign that they will be moving to a different zip code within a year. We’ll see if that holds true for Felton.

Trevor Ariza is featured in the most recent issue of ESPN The Magazine and in an article written by Sam Alipour, he discusses how he came to sign with Houston instead of staying put and re-signing with the Lakers. (Insider subscription required.)

That script began to be rewritten at the toll of free agency, 12:01 a.m. on July 1, one minute into the day after Ariza’s birthday. He was still celebrating with family when he received a call from his agent, David Lee. “He said, ‘The Lakers called, and they think you’re worth only the midlevel,’ ” or $5.8 million a year, Ariza recounts. Technically, it wasn’t even an offer. Says Lee of the Lakers GM, “Mitch Kupchak’s exact quote was, ‘We want Trevor on the cheap, and we’re not going to make an offer. Find what the market will bear and come back to us.’ ”

Read the rest of this entry »

I’ve written about this ad nauseam, but the Bucks elected not to match Minnesota’s offer for up-and-coming point guard Ramon Sessions.

Even with the whole Ricky Rubio/Jonny Flynn mess strategy, this is a nice move by the Timberwolves. Sessions can play a little off guard, but he and Flynn will have some battles in practice and should ultimately make each other better. He’s just 23 and has proven that he can be productive in limited minutes, and now that he’s locked into a reasonable contract, he’s going to be a valuable asset for the T-Wolves.

Per the Memphis Commercial Appeal…

Free-agent guard Allen Iverson informed the Grizzlies this morning that he will accept a one-year offer to bring his explosive scoring to FedExForum this season, according to an NBA source.

Iverson’s decision came following a Monday night meeting in Atlanta with Griz owner Michael Heisley, general manager Chris Wallace and head coach Lionel Hollins. Iverson, a 34-year-old, 13-year veteran, will play for a contract that pays $3.5 million (what the Griz have left under the salary cap) and the deal will be loaded with incentives.

Iverson confirmed his decision on Twitter.

Iverson will join MIke Conley and O.J. Mayo in the Grizzlies’ backcourt. Coming off the bench hasn’t worked for AI in the past, so I’d expect a deal was made that would have Iverson start, likely alongside Mayo.

AI is a veteran with a unique skill set, so the fact that he landed with the Grizzlies instead of joining a contender is a testament to the current state of the economy and his unwillingness to accept a lesser role to play for a winner.

It’s that time of year in the NBA. Free agency is winding down, training camps are still a few weeks away and the news is generally slow.

So when the worst team in the league makes an offer — doesn’t sign, mind you, only makes an offer — to a 34-year-old former MVP whose best years are behind him, it becomes the lead story on ESPN’s NBA page.

Iverson is one of the most high profile, unrestricted free agents remaining on the market, and there were reports in recent days that he was leaning hardest toward reuniting with his old coach, Larry Brown, with the Charlotte Bobcats.

But the Bobcats are for sale and are under severe financial constraints, and Iverson’s other strongest suitor — the Miami Heat — is already more than $3 million into luxury tax territory and has not been willing thus far to make Iverson a substantial financial offer.

Memphis is approximately $3.5 million under the salary cap for the 2009-10 season and thus could easily outbid Charlotte and Miami for the services of the 10-time All-Star, whom Grizzlies owner Michael Heisley sees as a strong gate attraction.

Iverson could help a contender, but his stint in Detroit leaves the impression that he doesn’t play well with others. This is why teams like Charlotte and Memphis are in the running for his services.