Updated: July 4, 2010, 3:01 PM ET

Free Agency Update: Latest Buzz

Waiting For LeBron Could Prove Costly

By Chris Sheridan
ESPN.com
James

The latest word from Ric Bucher is that LeBron James could take until Tuesday or later to decide where he's going to play.

That is going to have implications for David Lee and the Knicks.

Fresh off his Saturday visit with the Minnesota Timberwolves, who do not have the cap space to sign Lee but could get it by trading Al Jefferson, Ramon Sessions and/or Ryan Hollins, Lee could meet with the New Jersey Nets in the near future. (Lee's agent, Mark Bartelstein, has said there likely will be a meeting, but Nets president Rod Thorn said Sunday that nothing has been scheduled.)

Lee has now met with Chicago, Miami and Minnesota, but he has been proceeding with the understanding that the Toronto Raptors could be his ultimate destination if Chris Bosh decides to go to New York. The Raptors are amenable to such a deal, and the salaries would not have to match because Toronto would be trading Bosh into open cap space. If they got Lee at an $11 million starting salary, the Raptors would also gain a $5.5 million trade exception, and Bosh would get a sixth year on his deal and 10.5 percent annual raises, increasing the value of his contract by $30 million.

The key to everything is James, of course, and the Knicks have told James he can bring along whichever big man he chooses, be it Amare Stoudemire, Bosh, Lee or Carlos Boozer.

Read the rest of the story on ESPNNewYork.com.

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