Kris Humphries Signs 2-Year, $24 Million Contract With Nets

The Brooklyn Nets have re-signed their big man Kris Humphries with a new contract worth $12 million per year.

Paris Saint--German Finish Deal With Ibrahimovic

AC Milan striker Zlatan Ibrahimovic has agreed to join Paris Saint-Germain, the French club's sporting director, Leonardo, has confirmed.
Mino Raiola(Zlatan's Agent), has spent the last days in the French capital working out a transfer after Milan agreed to sell the 30-year-old striker along with teammate Thiago Silva to PSG. Ibrahimovic has finally agreed to a 13 million euros-a-year deal with the club, with Italian reports suggesting that the the Swedish ace has cost PSG 23m euros.
PSG has called a press conference for Wednesday in which Leonardo and president Nasser Al Khelaifi will be in attendance. The former Barcelona striker, who signed for Milan on a permanent deal last summer after a season on loan at San Siro, scored 56 goals in all competitions for the Rossoneri.

Linsanity Heads to Houston

Jeremy Lin will be heading to Houston next season. The New York Knicks have decided not to match the three-year, $25 million offer sheet presented by the Rockets. This means that Lin will be playing for the Houston Rockets next season.

Kaman Agrees to 1yr 8 Million Deal WIth Mavs

The Dallas Mavericks have agreed to one-year, $8 million deal with free-agent center Chris Kaman, according to sources close to the process. The deal will be announced later Wednesday. Kaman confirmed the decision on his Twitter account Wednesday afternoon. Kaman will join his close friend Dirk Nowitzki, his teammate on the German national team during the 2008 Olympics.

Rockets Reportedly Re-Emerge In Three-Team, Dwight Howard-To-Lakers Trade

According to the Houston Chronicle, the Rockets have re-emerged as a team that could be part of a deal that would move Howard out of Orlando, only this time, Howard would be headed to the Los Angeles Lakers and Andrew Bynum could be on his way to The Bayou City. If the move were to happen, Luis Scola may be cut, in order to have enough cap room to make this blockbuster move work out for all three teams. Scola is due more than $21 million over the next three seasons.