Basketball Trade Rumors and Notes for July 5th

1. LeBron James puts off making decisions; sources say Nets, Bulls, Cavs are final three

2. Johnson agrees to re-sign with Hawks

3. LeBron James may wait until Wednesday to announce future

4. Report: Chris Bosh back in Dallas to mull over his future

1. LeBron James puts off making decisions; sources say Nets, Bulls, Cavs are final three

The Bergen Record is reporting the Summer of LeBron is starting to seem as if it could last all summer.

But the Nets, who have been cutting salary for more than two years in hopes of getting LeBron James, have waited this long. What’s another few days?

"Nothing going on," Nets president Rod Thorn said in a text message Sunday. "Waiting for decisions."

James won’t make his decision today as originally thought. His decision likely will come later this week, perhaps Wednesday night or Thursday. That’s the first day teams are permitted to sign free agents.

Although many Nets’ fans — and those whose teams are in the race — have been pulling out their hair waiting for James’ decision, the longer it goes could mean he’s leaning toward changing teams.

League sources said he’s deciding from among the Cavaliers, Bulls and Nets.

James will host his three-day Nike Skills Academy for the top high school players in his hometown of Akron beginning today. If he is leaving Cleveland and it became public, the camp would be ruined.

"If he was staying in Cleveland wouldn’t he do it now?" said an NBA source, confirming Wednesday might be the earliest the James’ decision is known.

It’s a legitimate question and could be the case. Maybe James doesn’t want to take away from the camp. But it could be James likes the attention and suspense he’s causing.

James met with the Nets, Knicks, Heat, Clippers, Cavaliers and Bulls. He knows what each team has to offer, what each is willing to do to get him. Many teams and fellow free agents are in a holding pattern, waiting on James — and by extension Dwyane Wade and Chris Bosh.

The Nets aren’t scheduling meetings with other free agents or going forward with contingency plans. They’ve put everything into getting James and Bosh primarily and they’re sticking what that plan.

"We are in the game for the main guys," Thorn said.

James, Bosh and Wade met with the Nets the first day teams could negotiate with free agents. Barring a shocking turn of events, Wade will stay in Miami or go home to play for Chicago. The Nets are going all-in for James, but Bosh could hold the cards.

Unless he goes to Houston in a sign-and-trade, the expectation is Bosh will join James or Wade wherever they are. It could be Chicago, Miami or New Jersey. Some think the Knicks still are in the picture for James, but they appear to be on the outside looking in."

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2. Johnson agrees to re-sign with Hawks

The Ajc is reporting Joe Johnson will be back with the Hawks. The challenge for the team now is to find Johnson some help so they can reach their goal of becoming true Eastern Conference contenders.

Arn Tellem, Johnson’s agent, said his client would be part of that effort. Tellem confirmed in a blog posting at the Huffington Post Web site Sunday that Johnson accepted Atlanta’s offer of a six-year contract expected to be worth about $119 million.

And now that Johnson has his deal, Tellem indicated the All-Star guard would try to woo other players to join him in Atlanta.

"For his next act, Joe plans to actively recruit other top free agents to Atlanta, a place not unlike his hometown [Little Rock], where he feels comfortable and appreciated," Tellem wrote. "LeBron [James], you’ve already met with the front offices of six teams. How about considering the Hawks?"

James is the most coveted free agent in the league. With no salary cap space and about $63 million committed to salaries for 10 players next season, Atlanta’s targets in free agency will be much more modest: players willing to accept the league average salary or less.

The Hawks’ payroll is near the projected luxury-tax threshold. The team’s owners are said to be willing to pay the dollar-for-dollar tax for players they believe will help improve the team after the Hawks were dominated in the Eastern Conference semifinals the past seasons."

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3. LeBron James may wait until Wednesday to announce future

The Cleveland Plainer is reporting Today being July 4, there may not be a lot of news on the LeBron James, Cleveland Cavaliers and NBA free agency fronts. Or, maybe so. We’ll see. For instance, Phoenix Suns free agent forward Amar’e Stoudemire and the New York Knicks are getting serious.

In fact, regarding James, it appears he may not announce his decision on whether to stay with the Cavaliers, or sign with one of the teams trying to land him, until at least Wednesday night."

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4. Report: Chris Bosh back in Dallas to mull over his future

The Dallas morning news is reporting Toronto’s star free-agent forward Chris Bosh has returned to his hometown of Dallas after meeting with potential suitors, according to a report by Yahoo! Sports’ Marc J. Spears.

Bosh seemingly verified the report with a message on his Twitter account Saturday night.

"Finally back in my environment," he wrote from his account, @Chrisbosh. "Free agency has been a whirlwind. This decision is not going to be easy."

Bosh made another Tweet Sunday afternoon: "Got the chance to clear my mind today. Church and Sunday dinner with the fam was awesome!"

The Dallas Mavericks, Denver Nuggets , Los Angeles Lakers, San Antonio Spurs and Houston Rockets are all possible sign-and-trade partners, according to Spears. "

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