Agent Alex Saratsis tells Henry Abbot of TrueHoop that this morning, Barcelona officials declared they would only let Juan Carlos Navarro out of his contract with a reasonable buyout if a trade is completed by August 3. As in, the end of next week.

Grunfeld has only a short time to accept a deal, or else, according to Saratsis, Barcelona officials will take Navarro back, and give him a new contract with a buyout so massive it will essentially guarantee that he will never play in the NBA. Saratsis says he is certain the Barcelona officials are not bluffing.