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ICYMI: Pelicans & Anthony Davis verbally agree to 5-yr deal In 2014-15 he had highest PER of any player in history age 21 or younger (30.8)

Mike Dunleavy, Bulls closing in on deal

The deal would be worth 3 years, $15M, league sources tell ESPN's Marc Stein. The agreement would secure Dunleavy's return to Chicago, despite reports that the Cavaliers, led by LeBron James, were interested in signing him.

Gary Dineen/NBAE/Getty Images

Portland, Lillard close to a deal

Damian Lillard is closing in on a maximum 5-year contract extension with the Trail Blazers that is expected to top $120 million in value, league sources told ESPN's Marc Stein. The extension would start with the 2016-17 season.

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Broussard: Aldridge too busy

Chris Broussard on LaMarcus Aldridge's free agency: "He's meeting with too many teams. ... It's going to be the Spurs or the Lakers." (via Mike & Mike)

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Marc Stein @ESPNSteinLine

ESPN sources say Portland Trail Blazers and Damian Lillard are nearing agreement on a five-year max extension with in excess of $120 million

Shane Battier @ShaneBattier

All this cap space being doled out today almost makes me want to attempt a comeback.......I said almost....Haha. Wowsers.

Rockets also meet with Aldridge

The Lakers were the first to sit down with LaMarcus Aldridge on Tuesday night, but Houston also got face-time with the free agent, according to ESPN's Ramona Shelburne. Aldridge will also meet with the Spurs, Mavs, Suns and Raptors.

Sam Forencich/NBAE/Getty Images

Tom Haberstroh @tomhaberstroh

Not to minimize all the Pelicans have done to make him feel at home, but AD completely turns the franchise around at below-market rates.

Bucks close to deal with Khris Middleton

The restricted free agent would receive a 5-year deal worth an estimated $70M, league sources told ESPN's Marc Stein. Once Middleton is secured, the Bucks will shift their focus to acquiring a top center. Greg Monroe and Tyson Chandler are among the names on their wish list.

Tom Haberstroh @tomhaberstroh

The Anthony Davis deal is Exhibit A why the Sixers tank every year. Luck into a transcendent No. 1, get him for 8 years no matter the mkt.

It's all about the money for Davis

Two-time All-Star Anthony Davis agreed to a five-year, $145M extension with the Pelicans when free agency started early this morning. That deal would surpass Kobe Bryant's 7-year, $136M contract signed in 2004-05 as the richest in terms of total money in NBA history.

Derick E. Hingle/USA TODAY Sports

Michael Wallace @WallaceNBA_ESPN

Pelicans securing Anthony Davis long-term in era when top stars prefer opt-in/out flexibility will be most remarkable feat of free agency.

Marc Stein @ESPNSteinLine

After Knicks had sitdown with Greg Monroe in DC shortly after midnight, Milwaukee got its audience with Monroe ... starting at around 2 AM