Philadelphia 76ers resign 23 year old Thaddeus Young to a 5 year $42 million
Detroit PIstons buy out the final two seasons on Richard Hamiltons contract and is now suddenly a free agent
Chauncey Billups, about to be New York Knicks one-time-only amnesty cut, is threatening to retire
Sacramento Kings add Chuck Hayes with a 4-year $21.3 million deal, Kings also resign Marcus Thornton to a 4-year $33 million deal
Orlando Magic will use the amnesty provision on Gilbert Arenas. After the first official hour of NBA business, the Magic have announced they will cut Arenas and his $63 million remaining on his contract
The Celtics sign free agent (forward) Glen Davis to Orlando for (forward) Brandon Bass
Phoenix Suns re-sign Grant Hill to 1-year $6.5 million deal. Suns also traded (guard) Mickael Pietrus to the Toronto Raptors for a second-round pick
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