HoopsHype.com Rumors

Joan Nielsen: Wolves now at salary cap including everyone but Stiemsma, Hummel. Can sign Stiemsma using room exception, Hummel to minimum if they wanted. Twitter

Minnesota Timberwolves, Free Agency, Greg Stiemsma, Robbie Hummel, Transactions 

Houston Rockets General Manager Daryl Morey announced today that the team has signed its three first-round selections from the 2012 NBA Draft: Connecticut guard/forward Jeremy Lamb (12th overall), Iowa State forward Royce White (16th overall) and Kentucky forward Terrence Jones (18th overall). NBA.com

Houston Rockets, Daryl Morey, Terrence Jones, Jeremy Lamb, Royce White, Transactions 

Jonathan Feigen: Rockets Royce White and Terrence Jones have signed their rookie deals, source said. Jeremy Lamb expected to sign in coming days. Twitter

Houston Rockets, Terrence Jones, Jeremy Lamb, Royce White, Transactions 

Royce White: Signed for my first Mil, lost 2 friends in the same day, I would trade that in and go back to struggles to bring back REAL ppl! #RIPDela Twitter

Houston Rockets, Royce White, Transactions 

Earl K. Sneed: The Mavs have officially signed rookie second-rounder Bernard James. Twitter

Dallas Mavericks, Transactions, Bernard James 

Rookie center Bernard James is expected to sign his contract in the next day or two, according to his agent Happy Walters. The 27-year-old Air Force staff sergeant is the last of the Dallas Mavericks' three picks to sign. ESPN.com

Dallas Mavericks, Transactions, Bernard James 

Second-round picks must negotiate a salary and their contracts are not guaranteed by the collective bargaining agreement. However, Walters, James' agent, said that his client will have a guaranteed contract for the 2012-13 season. ESPN.com

Dallas Mavericks, Transactions, Bernard James 

Tom Moore: #Sixers sign rookie 1st-rounders Harkless & Moultrie. 2012-13 pay believed to be $1.73 million and $1.04M (maximum 20% above salary slots). Twitter

Philadelphia 76ers, Moe Harkless, Arnett Moultrie, Transactions 

The Philadelphia 76ers announced today that they have signed rookies Maurice Harkless and Arnett Moultrie NBA.com

Philadelphia 76ers, Moe Harkless, Arnett Moultrie, Transactions 

The New Orleans Hornets have come to terms with power forward Anthony Davis and guard Austin Rivers, a formality since the collective bargaining agreement has established the compensation level for first-round picks. New Orleans Times-Picayune

New Orleans Hornets, Austin Rivers, Anthony Davis, Transactions 

Davis, the first overall pick in last month's NBA draft, will earn $5.144 million in the first year of his three-year guaranteed deal while Rivers, as the 10th overall choice, is slotted by the CBA to earn $1.865 million in the first year of his three-year contract. New Orleans Times-Picayune

New Orleans Hornets, Austin Rivers, Anthony Davis, Transactions 

Stefan Bondy: Nets have officially signed second round pick Tornike Shengalia. Twitter

Brooklyn Nets, Transactions, Tornike Shengelia 

Mark Followill: Mavs have signed 1st rd pick Jared Cunningham @Jared Cunningham. Contracts for 1st rounders are guaranteed for 2 yrs w/ club options in yrs 3 & 4 Twitter

Dallas Mavericks, Jared Cunningham, Transactions 

When the Pistons sign second-round draft pick Khris Middleton, they will have a full roster of 15 players under contract, so they would have to create a roster spot -- likely via a trade for a draft pick. Detroit Free Press

Detroit Pistons, Free Agency, Ben Wallace, Khris Middleton, Transactions 

Satoransky has some talent and considerable athleticism, but the Wizards still intend to stick to their plan of stashing the second-round pick in Europe next season, according to a league source with knowledge of the team’s thinking. Satoransky would have needed a spectacular performance to change the original plan. In five summer league games, the 6-foot-7 Satoransky didn’t overwhelm anyone. He averaged just 4.4 points and 1.8 assists and shot just 37.5 percent (6 of 16) from the floor while backing up Shelvin Mack. Washington Post

Washington Wizards, Summer League, Tomas Satoransky, Transactions 

Ryan Wolstat: #Raptors officially sign Jonas Valanciunas Twitter

Toronto Raptors, Jonas Valanciunas, Transactions 

Tornike Shengelia just wanted a chance to prove his worth. In the process, he earned a roster spot. A source told The Post Wednesday that Shengelia will sign a two-year deal with the Nets, completing an improbable journey over the past few weeks from draft night afterthought to earning a roster spot with an impressive showing for the Nets entry in the Orlando Summer League last week. New York Post

Brooklyn Nets, Summer League, Transactions, Tornike Shengelia 

Including Shengelia and Keith Bogans, who a league source said was likely to sign with the team in the near future, the Nets have filled 13 of their 15 available roster spots for next season. New York Post

Brooklyn Nets, Free Agency, Keith Bogans, Transactions, Tornike Shengelia 

The Toronto Raptors announced the signing of forward Quincy Acy to a multi-year contract. TSN

Toronto Raptors, Transactions, Quincy Acy 

Doug Smith: #Raptors minor deal of James Johnson complete; sources say Valanciunas signed in "next couple of days." Story at http://thestar.com soon Twitter

Toronto Raptors, James Johnson, Jonas Valanciunas, Transactions