NBA free agency rumors roundup: Andrew Bynum joins Cavaliers, Jeff Teague signs offer sheet with Bucks

Howard Smith-USA TODAY Sports

Andrew Bynum made his free agency decision and joined the Cavaliers on a deal with just $6 million in guaranteed money, while the Bucks signed Hawks point guard Jeff Teague to an offer sheet.

It was not a quiet night for free agents in the NBA on Wednesday. Andrew Bynum broke the silence by deciding he will join the Cleveland Cavaliers on a two-year deal with limited guarantees. Then the Milwaukee Bucks side-stepped the sign-and-trade dance with the Atlanta Hawks and ended such talks by extending a lucrative offer sheet to point guard Jeff Teague. Finally, Gerald Henderson and the Charlotte Bobcats reached an impasse in negotiations on a new deal, and now the team is discussing sign-and-trade options with rival franchises.

Here is a roundup of the latest from the NBA rumor mill regarding some of the top free agents in the association.

Bynum Signs with Cavaliers on an Interesting Deal

After failing to play a single game for the Philadelphia 76ers, oft-injured big man Andrew Bynum -- the No. 1 remaining free agent on Tom Ziller's list -- has found a new home. The Cleveland Cavaliers offered up a two-year, $24 million deal with just $6 million in guaranteed money and a team option in the second year, but the Dallas Mavericks reportedly declined to match that bid, so Bynum chose Cleveland, according to Chris Broussard of ESPN.

The Cavaliers are looking to make big improvements next season, and the reasonable gamble on Bynum could pay off in a huge way if he manages to stay healthy throughout the year. SB Nation's Cavaliers blog, Fear the Sword, is pretty excited about the move.

Jeff Teague Signs 4-Year Offer Sheet with Bucks

The Milwaukee Bucks and Atlanta Hawks had spent several days discussing sign-and-trade scenarios potentially involving Monta Ellis, Brandon Jennings and Jeff Teague, but on Wednesday night the Bucks shut those talks down and extended a four-year, $32 million offer sheet to Teague, as reported by Adrian Wojnarowski of Yahoo! Sports. The young guard quickly signed the offer sheet, which eliminated any possibility of a sign-and-trade with Milwaukee and gives Atlanta 72 hours to match the deal and retain his services. If Atlanta declines to match it, Teague will become the new point guard of the Bucks. Who knows where that leaves Jennings or Ellis -- the No. 5 and No. 6 best-remaining free agents on Ziller's list.

Bucks blog Brew Hoop has already done some extended analysis on Teague:

Teague's above-the-rim ability, knack for getting into the paint, and higher baseline level for defense give him the edge over Jennings, in my opinion. Neither player is a perfect point guard, but the mission for the Bucks under their current plan should be to position the roster with the best mix of flexibility and future potential. Jennings has his advantages, but a team needs to be constructed in a very specific way to get his best basketball to appear. Teague has the tools to fit a more traditional role, so he's not a player you have to build a custom team around to make things work.

Gerald Henderson Being Shopped in Sign-and-Trades

The Charlotte Bobcats and restricted free agent swingman Gerald Henderson have reached a stalemate in contract negotiations, and now sign-and-trade possibilities are being explored with multiple teams around the league, according Adrian Wojnarowski of Yahoo! Sports. Henderson is a solid role player who is just 25 years old, so it's possible that other teams would be interested in acquiring him in a deal, if it came at the right price. He has not received a lot of attention from suitors so far this summer, but that could change quickly, as he is now the No. 7 best-available free agent on the market. Ben Swanson of Bobcats blog Rufus on Fire notes that the Bobcats could always just keep Henderson for another year on the qualifying offer if the market never materializes.

Monta Ellis Still Looking for a New Deal

Fresh off firing his agent after failing to draw lucrative long-term offers in the early stages of free agency, Monta Ellis is still actively seeking out suitors on the open market. Suddenly the Bobcats have emerged as a potential landing spot for Ellis, according to Adrian Wojnarowski of Yahoo! Sports. He may not get a deal on par with the two-year, $24 million extension he turned down with the Bucks as he opted out of the final $11 million year in his contract, but Monta is still trying to salvage the situation. Of course, the crew over at Rufus on Fire can't seem to understand how Ellis would mesh with an offense-first roster that includes Kemba Walker, Ben Gordon, Ramon Sessions, Michael Kidd-Gilchrist, Cody Zeller and Al Jefferson.

The Mavericks, Kings and Hawks have also been mentioned as possible destinations for Ellis.

Where Will Andrei Kirilenko Land?

The Spurs failed to work out a sign-and-trade deal for Kirilenko on Wednesday and dropped out of the race, but someone should be willing to throw big money at the versatile wing player. Here's what Tom Ziller has to say about the No. 3 remaining free agent on his list:

Memo to other teams: the Spurs tried to land Andrei Kirilenko in a sign-and-trade. You may want to make an effort to pick him up. He was a borderline All-Star pick last season in the West before injuries set in. And, sure, that's a concern. He's 31. He's played a ton of international minutes in addition to NBA minutes. But he has a huge impact on the floor, particularly on defense, and is one of the league's more versatile players. Chances are, you can sneak in a two-year deal.

More from SB Nation:

Flannery: The best (and worst) from NBA free agency

Ziller: 'Melo on the Lakers? Stop it

LaMarcus Aldridge angling for trade to Bulls?

Kings still in mix for Monta Ellis

Grading the NBA free agent deals

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.