Both the Washington Post and Washington Times are reporting that the Wizards and DeShawn Stevenson are close to a contract agreement. Feel free to read up on the reported details and post your thoughts.

The National Basketball Association today announced that the Salary Cap for the 2007-08 season will be $55.630 million. The new Cap goes into effect at 12:01 a.m. ET on Wednesday, July 11, when the league’s “moratorium period” ends and teams can begin signing free agents and making trades. More…

CAUTION: Please take the time to read this easy-to-read breakdown of the Collective Bargaining Agreement before discussing trade/FA scenarios. It will help keep flaming to a minimum…

Got a question/comment/thought/rant about the Salary Cap, Luxury Tax and anything else that has to do with the NBA’s CBA? Then please, VISIT THIS SITE. With the Wednesday the 11th being the first day teams and players can sign contracts, it’ll come in handy.

Now you know why “never say never”* is something to live by.

Last week, when asked about Navarro’s contract situation during his pre-draft talk with the media, Wizards President Ernie Grunfeld wasn’t optimistic about Juan Carlos Navarro being able negotiate a buyout with his team in Europe but did say “you can’t rule anything out”.

That didn’t take long.

According to FC Barcelona’s official website, the team and Navarro “have come to an agreement to negotiate a move for the player to the NBA.”

“I am very happy with the facilities that the club has given me and especially President Joan Laporta for allowing me to make my dream come true and play in the NBA,” Navarro said in a statement released by the European powerhouse.

Several US based online sources, including the Washington Post and DraftExpress also discuss the latest developments surrounding the Wizards’ 2002 second-round pick. NEW: The Post is reporting in their Thursday edition that several teams are interested in acquiring Navarro.

Feel free to move the Navarro talk from the Free Agency Thread to this new one.

More to come, I’m sure…

With the draft behind them, the Wizards are now turning their attention to several of their own free agents.

I’m actually posting this from my cell phone so i’m gonna keep this short. But feel free to post your thoughts here. I’m out of town for a few days but will check in wednesday AM.