The Chicago Bulls decided Tuesday to use the amnesty clause with Carlos Boozer that could allow the veteran forward to go to the highest bidder.
The move was expected after the Bulls signed free-agent forward Pau Gasol last weekend. The amnesty provision allows the Bulls to pay Boozer next season without counting against their salary cap. He is scheduled to make $16.8 million in 2014-15.
In four seasons with the Bulls, Boozer started 280 games and averaged 15.5 points, 9.0 rebounds and 2.0 assists.
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Swingman Thabo Sefolosha officially joined the Hawks on Tuesday when Atlanta completed a sign-and-trade deal with the Oklahoma City Thunder.
Atlanta sent Oklahoma City the draft rights to power forward Sofoklis Schortsanitis, and the Hawks received Sefolosha and the draft rights to Giorgos Printezis.
Sefolosha, who averaged 6.3 points and 3.6 rebounds last season, and the Hawks previously reached agreement on a three-year, $12 million contract, according to the Atlanta Journal-Constitution.
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The Oklahoma City Thunder signed free agent point guard Sebastian Telfair. Terms of the deal were not disclosed.
The team also agreed to a multi-year deal with forard Grant Jerrett, according to Real GM.
Telfair, 29, spent last season playing for Tianjin Ronggang in China, where he averaged 26.1 points, 6.0 assists and 2.0 steals.
The 29-year-old has averaged 7.4 points, 3.5 assists and 1.6 rebounds during nine seasons with Portland, Boston, Minnesota, the Los Angeles Clippers, Cleveland, Phoenix and Toronto.
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The Bulls are set to trade Anthony Randolph to the Orlando Magic along with two second-round picks in exchange for the rights to Milovan Rakovic, according to USA Today.
The trade amounts to further clearing of salary cap space for the Bulls.
Rakovic of Serbia is not expected to join the NBA, but including him in the deal satisfies the NBA requirement that each team receives something in a trade.