To sign free agent forward Chris Bosh to a four-year, $88 million contract, the Houston Rockets have some work to do. That includes trying to unload point guard Jeremy Lin and his $14.89 million salary.
The Philadelphia 76ers could take on Lin's contract if paired with a key draft asset or two. Lin, 25, would be a candidate for a buyout.
There's also a major decision to be made on the contract of restricted free agent Chandler Parsons. He signed a three-year, $46 million offer sheet with the Dallas Mavericks on Thursday.
With three days to match the offer, the clock is ticking for Houston and Bosh, who was planning to wait for LeBron James to decide whether he would return to Miami.
The Toronto Raptors officially announced the re-signing of Kyle Lowry on Thursday while also trading forward Steve Novak and a future second-round draft pick to the Utah Jazz for point guard Diante Garrett.
Financial terms of Lowry's deal were not disclosed, the team reached an agreement on a four-year deal worth a reported $48 million on July 3, quickly taking the eight-year veteran off the free agent market.