The New York Knicks exercised the 2006-07 contract option of forward Michael Sweetney.

The Golden State Warriors exercised the 2006-07 contract options of swingman Mickael Pietrus and forward Zarko Cabarkapa; waived forward Rodney White.

The Boston Celtics exercised the 2005-06 contract option of forward Justin Reed

The New Jersey Nets exercised the contract option of guard Jacque Vaughn for the 2005-06 season

The Miami Heat excercised the contract option of forward Qyntel Woods for the 2005-06 season.

The L.A. Clippers waived center Mamadou N'Diaye.

The New Jersey Nets declined the contract option on forward Cliff Robinson for the 2005-06 season.

The Memphis Grizzlies acquired the draft rights to forward Lawrence Roberts from the Seattle SuperSonics for two future second-round picks and cash considerations.

The Portland Trail Blazers acquired the drafts rights to guard Jarrett Jack from the Denver Nuggets for the draft rights to forwards Linas Kleiza and Ricky Sanchez; traded the No. 3 pick in the 2005 NBA draft to the Utah Jazz for the Nos. 6 and 27 picks and a conditional 2006 first-round pick.

The Orlando Magic traded the draft rights to center Martynas Andriuskevicius to the Cleveland Cavaliers for a 2006 second-round pick and cash considerations; acquired the draft rights to forward-center Marcin Gortat from the Phoenix Suns for cash considerations.

The New York Knicks acquired swingman Quentin Richardson, the draft rights to guard Nate Robinson and cash considerations from the Phoenix Suns for forward Kurt Thomas and the draft rights to guard Dijon Thompson.

Toronto exercised the club option on power forward Chris Bosh for the 2006-07 season.

The L.A. Clippers tendered guard Marki Jaric a qualifying offer for the 2005-2006 season.

Charlotte Bobcats - Exercised the contract option on forward Emeka Okafor for the 2007-08 season.

The Miami Heat have picked up the team option on Alonzo Mourning for the 2005-06 season and the fourth-year rookie option on Dwyane Wade for the 2006-07 season.

Clippers exercised the club option on center Chris Kaman for the 2006-07 season.

The Cavaliers waived guard Lucious Harris.

The Cavaliers have declined their option on Robert Traylor.

Golden State's Calbert Cheaney exercised the player option in his contract. He is now guaranteed through the 2005-06 season.

TRADE: The Sixers traded a future second round pick to the Jazz for the final pick in the 2005 draft. The Sixers then transferred that pick to the Pistons to complete the Jerry Stackhouse trade.