Apr 11, 2014; Milwaukee, WI, USA; Cleveland Cavaliers guard Kyrie Irving (2) drives for a shot during the first quarter against the Milwaukee Bucks at BMO Harris Bradley Center. Mandatory Credit: Jeff Hanisch-USA TODAY Sports

Daily Debriefings: Kyrie Irving is the First Contract Signed

NBA free agency has officially started and Cleveland Cavaliers guard Kyrie Irving, who wasn’t a free agent at all, became the first person to sign a contract this offseason by agreeing to a maximum contract extension. Now the other big names become the stories with LeBron James, Chris Bosh, Dwyane Wade, Carmelo Anthony, Kyle Lowry and more being recruited by so many teams. It will be a few couple of weeks. Today’s links include a lot of news and rumors regarding free agents.

Kyrie Stays a Cav: The Cavs brass flew out to New Jersey to meet Kyrie Irving at 12:01 am and get him to sign the 5 year maximum extension. 

Deng in South Beach: The Miami Heat are interested in Luol Deng but as Mike Prada breaks down here it probably won’t happen. 

That’s A LOT of Money: The Brooklyn Nets are bankrolled by a man that probably will never know what it feels like to not be crazy rich. Still the amount of money they lost in 2013-2014 was insane. Zach Lowe got his hands on the numbers: 

That’s a valid concern. The basketball side of the Nets’ business is projected to have lost $144 million over the 2013-14 season, according to a confidential memo the league sent to all 30 teams in early June. (Grantland has reviewed and verified the memo with a half-dozen sources.) If that strikes you as out of whack, that’s because it is.

An Era Ends in Orlando: For 10 years Jameer Nelson has played for the Orlando Magic. That time is over after the team waived him yesterday afternoon. 

Sun Rising: Tom Ziller how how the Suns can be the next great team in the NBA.

There’s no lottery team in better position than the Suns, which is to be expected given that the Suns won 48 games. But this could be the summer that the Suns start to rival bigger fish — the Spurs, the Thunder, the Clippers, the Rockets, the Heat — for NBA supremacy. No team has a more intriguing position heading into July.

 

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