Washington Wizards President Ernie Grunfeld announced today that the team has signed first round pick JaVale McGee. McGee was selected by the Wizards with the 18th overall pick in the 2008 NBA Draft. Per team policy, terms of the contract were not released. “JaVale has a chance to be a solid addition to our team, [...]

At 12:01 this morning free agents were officially allowed to sign with teams. Around the same time the NBA released the upcoming salary cap, luxury tax and mid-level exemption numbers for the 2008-09 season. Salary Cap: 58.68 Million Luxury Tax: 71.15 Million Mid-Level Exemption: 5.58 Million The Orlando Summer league is also underway with Indiana, [...]