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Archive for Monday, July 2, 2007

Kapono to sign with Raptors

July 2, 2007

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— Jason Kapono, a forward who led the NBA in three-point shooting last season with the Miami Heat, agreed to terms Sunday with the Toronto Raptors on a four-year deal worth reportedly $24 million.

Kapono's deal likely is worth twice as much as what the Heat were willing to pay to bring him back. Kapono earned $1.2 million last season, his second with the Heat. He started 35 games, averaged a career-high 10.9 points and shot 51.4 percent from three-point range.

Lakers lock up Walton

Los Angeles - Forward Luke Walton agreed to terms on a six-year, $30 million contract to stay with the Los Angeles Lakers, bringing a key part of the triangle offense back into the fold. The Lakers also have reached out to free-agent guard Steve Blake, who was with the Denver Nuggets last season and could turn out to be the efficient veteran ball-handling guard they are seeking.

Carter staying in Jersey

New York - Vince Carter and the New Jersey Nets have reached an agreement on a new contract that will keep him with the team at least until the end of the 2010-2011 season, sources have confirmed.

Carter became a free agent Saturday, when he opted out of the final year of a contract that would have paid him $16.3 million next season. However, there never has been much doubt that he would re-sign with the Nets. Now he stands to make just over $61 million during the course of a new four-year deal.

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