Welcome to NBA.com's Signing Day Blog, the first and last word on this summer's player movement. This is your space to see what we see as players are introduced or re-introduced, as well as get the details on any trades, signings or other player movement now that the moratorium period has ended.

Also See: NBA TV hourly updates | Player Movement 2005 | NBA.com's Click and Roll

Posted by Jeff Dengate (NBA.com) on August 2 2005, 6:19 p.m. ET

It's official: Abdur-Rahim is headed to New Jersey.
(Sam Forecich/NBAE/Getty Images)

As we expected, a large number of player signings and a handful of trades were turned in on the first day player signings were allowed. We're yet to hear where two of the biggest names in this year's free agency market -- Ray Allen and Michael Redd -- are going to turn up, but based on the reports coming out of Seattle and Milwaukee, they're not likely to change uniforms. Then again, you can never be sure until the ink has dried on the contract.

A quick look at the other moves that shook out this afternoon include:

  • Fabricio Oberto will be the sixth member of Argentina's 2004 Olympic team to play in the NBA after signing with the Spurs, who also re-signed Robert Horry today.
  • Phoenix sent Jake Voskuhl to Charlotte in exchange for a conditional 2007 second round draft pick.
  • The Heat re-signed Udonis Haslem.

    While we're putting this blog to bed for the night, keep an eye on NBA.com and Player Movement 2005 for the latest player signings and trades.

    Kwame Brown Dealt To Lakers
    Posted by Jeff Dengate (NBA.com) on August 2 2005, 4:31 p.m. ET

    In a move anticipated for more than two weeks, Kwame Brown has been traded to the L.A. Lakers, ending his troubled stay in Washington. The deal, which hinges on all players passing physicals, includes Laron Profit and an unspecified amount of cash being sent with Brown in exchange for Caron Butler and Chucky Atkins.

    Knicks Get Their Man
    Posted by Jeff Dengate (NBA.com) on August 2 2005, 4:09 p.m. ET

    James came up huge in the playoffs against Sacramento.
    (Rocky Widner/NBAE/Getty Images)

    First, Nate McMillan left Seattle for Portland. Earlier today, Antonio Daniels followed suit, heading to D.C. and the Wizards. Now, Jerome James has found a new home under the bright lights of the big city, as the Knicks introduced their free agent center. James averaged 4.9 points and 3.0 rebounds for Seattle in the regular season, but it was in the first round of last season's playoffs against Sacramento where James made the most noise. Getting more burn, James turned in 17.2 points, 9.4 rebounds and 2.2 blocks during the five-game series.

    Sixers Re-Sign Two Of Three
    Posted by Jeff Dengate (NBA.com) on August 2 2005, 3:45 p.m. ET

    Reports coming out of Philadelphia in recent days had the Sixers re-signing Sam Dalembert, Kyle Korver and Willie Green, each to a six-year deal, when the moratorium was lifted today at noon. But, a little shake-up happened before the free-agent signing period began: Willie Green injured his knee playing basketball in his hometown of Detroit, requiring surgery. Dalembert and Korver joined Billy King in the announcement of their contracts, however, Green's deal is held up for a later date pending his medical situation.

    The Hornets also re-signed one of their own today, locking up Bostjan Nachbar. At the same time, the team announced it came to terms with Arvydas Macijauskas, a sharp shooter who spent the first nine years of his professional career playing overseas.

    Cavs Out Of The Bag
    Posted by Jeff Dengate (NBA.com) on August 2 2005, 3:21 p.m. ET

    At the Cavaliers press conference today, the team announced it has reached contract agreements with Larry Hughes and Donyell Marshall and re-signed Zydrunas Ilgauskas, putting an end to weeks of speculation. "His best year's are ahead of him," Ferry said at the press conference in reference to Hughes. I'm assuming he is hoping the same holds true for the team.

    "It's going to take time for this team to gel," Ferry continued, "but it's talented."

    The team, with LeBron James as centerpiece, is a young, athletic squad that may take time to get on the same page with new head coach Mike Brown. How that happens remains to be seen. "I know my check gets direct deposited every two weeks," Brown said Tuesday, "and I know LeBron James will start." The rest seems up for discussion.

    Rockets Take Swift Action
    Posted by Jeff Dengate (NBA.com) on August 2 2005, 2:37 p.m. ET

    Memphis pops up again today in the free agency discussion, this time for the one that got away: Stromile Swift. The second overall pick of the 2000 NBA Draft by the Grizzlies, then playing in Canada, was reported to have agreed to a deal with the Rockets mid-way through July -- a rumor given further credence by Swift's appearance at Tracy McGrady's charity softball tournament this weekend.

    "Tracy sent me a text message and told me how nice it would be if I came here," Swift said on Tuesday, when he hoisted his new red and white, No. 4 jersey.

    Big Diesel Deal
    Posted by Jeff Dengate (NBA.com) on August 2 2005, 2:13 p.m. ET

    It sounds like Wade and Shaq will be side by side for the foreseeable future.
    (Isaac Baldizon/NBAE/Getty Images)

    Note to the Eastern Conference: Shaq's staying put. O'Neal opted out of the final year of his contract to sign a five-year deal with the Heat.

    As we've found ourselves saying frequently today, this could be the first of a number of moves the Heat makes today or in the near future. It's been rumored in recent days the team is working out a deal with the Grizzlies involving Eddie Jones, Jason Williams and James Posey. Another scenario surfacing today has the Heat working a deal with the Celtics for Antoine Walker.

    Speaking of the Celtics, the team announced today it has signed Brian Scalabrine, who spent the first four years of his career with the New Jersey Nets.

    Truth In Rumor
    Posted by Jeff Dengate (NBA.com) on August 2 2005, 1:45 p.m. ET

    The Wizards have made the first of many anticipated moves, inking free agent Antonio Daniels to a deal. Daniels put up a career-best 11.2 points per game last season and averaged 17.8 points and 3.0 assists over six games against San Antonio in the Western Conference Semifinals last season.

    It's believed the Wizards will look to Daniels to help fill the void left behind by Larry Hughes, who is reportedly bound for Cleveland. There's been no word from either camp on Hughes' status, but the Cavaliers have scheduled a press conference with GM Danny Ferry and Head Coach Mike Brown for 3:15 p.m. today. Could it be to announce they have signed Hughes? Or maybe the re-signing of Zydrunas Ilgauskas? We'll have to wait and watch it live at the Cavaliers' website.

    Walsh Not So Tight Lipped
    Posted by Jeff Dengate (NBA.com) on August 2 2005, 1:35 p.m. ET

    Want to know what the NBA's moratorium period really meant? While Pacers President and CEO Donnie Walsh was free to negotiate a deal with free-agent guard Sarunas Jasikevicius, a star on the European stage, he wasn't allowed to make any mention of a verbal agreement. Not so today.

    Walsh confirmed the deal and told Pacers.com Jasikevicius will make the trip to Indianapolis within the next 10 days to finalize the contract.

    All's Wells That Ends Wells
    Posted by Jeff Dengate (NBA.com) on August 2 2005, 1:12 p.m. ET

    Wells and Jackson are trading places.
    (Jed Jacobsohn/Getty Images)

    Bonzi Wells stay in Memphis is officially over. After two seasons with the Grizzlies, Wells has been shipped to Sacramento for Greg Ostertag and Bobby Jackson. More than a week ago, the Memphis Commercial Appeal reported a three-team deal involving the Jazz. There's been no word today out of Utah, but the reported deal was believed to include Ostertag's return to Utah, while the Jazz were to send Curtis Borchardt, Raul Lopez and Kirk Snyder to the Grizzlies.

    Wells is thought to be a likely starter in Sacramento if Cuttino Mobley signs with the L.A. Clippers, as has been rumored.

    Let's Make A Deal
    Posted by Jeff Dengate (NBA.com) on August 2 2005, 1:00 p.m. ET

    Actually, the Nets crew chose a different game show title for their take on Shareef Abdur-Rahim, but the result is the same: The Nets are looking scary good on paper after reaching an agreement with the power forward. Now you've got Jason Kidd feeding the ball to Richard Jefferson, Vince Carter and Abdur-Rahim. Those three combined to average better than 60 points per game last season. Most important, Abdur-Rahim fills the hole left behind when Kenyon Martin departed for Denver, as he's able to score and grab rebounds. The cost: The trade exception from the Kerry Kittles deal and a protected first-round draft pick. The Nets have called a press conference for Thursday at 11:30 a.m., when Abdur-Rahim will likely be introduced.

    T-Minus 30 Minutes
    Posted by Jeff Dengate (NBA.com) on August 2 2005, 11:30 a.m. ET

    With player signings set to begin at noon today, could Jason Williams and Eddie Jones trade uniforms?
    (NBAE/Getty Images)

    The T's are crossed and the I's are dotted on the new Collective Bargaining Agreement between the NBA and the National Basketball Players Association, meaning players and teams are free to officially swing deals beginning in only one hour. Throughout the day, NBA.com will be here, bringing you up-to-the-minute information on player signings, trades and all the latest news.

    What do we expect to happen? Thanks for asking. We've been following the rumors for weeks now, so some moves may not surprise us -- Ray Allen and Michael Redd are likely to remain with the Sonics and Bucks. Likewise, there are trades and signings widely reported during July which wouldn't really shock us, either. There may, however, be a few closely guarded secrets or deals made today which could catch us all off guard.

    Whatever the case, we're thinking a flurrry of player moves, as teams attempt to improve for the upcoming season, could happen early and last throughout the day. We'll be here all day to help you sort through all the moves.