Free agent Rudy Gay has agreed to a two-year, $17.2 million deal with the San Antonio Spurs, league sources told ESPN. Gay was slated to make $14.2 million in the final year of his contract with the Kings in 2017-18, but he opted out prior to the June 10 deadline.
Free-agent forward Kelly Olynyk has agreed to a four-year, $50 million-plus deal with the Miami Heat, his agent Greg Lawrence tells ESPN. The deal includes a fourth-year player option for the Boston Celtics big man.
UPDATE: The Brooklyn Nets electronically delivered the Washington Wizards a four-year, $106.5 million offer sheet for restricted free-agent forward Otto Porter Jr. on Thursday evening, according to league sources.
Star European point guard Milos Teodosic has agreed to a two-year, $12.3 million deal with the LA Clippers, according to league sources.