Found July 01, 2013 on Fox Sports Wisconsin:
MILWAUKEE -- When the clock struck midnight on the east coast, NBA free agency officially began. While it was still June 30 in Milwaukee, Bucks general manager John Hammond was ready to go. Teams can't officially sign free agents until July 10, but July 1 is the first day teams can negotiate with free agents. Players can give verbal commitments to teams and then sign on July 10. Just a few short days after Hammond and the Bucks were focused on the NBA Draft, their attention had to shift quickly to an important free agency period for the franchise. "That's the next step," Hammond said. "We've had our eye on both targets over the last few weeks, trying to figure out this draft and looking to see what would be the right fit for us on the free agent market."How much money do the Bucks have to spend? It's a complicated calculation. The salary cap for the 2013-14 season will be set later in July, but it's estimated to be around 58.5 million. Teams have to fill 90 percent of the salary cap at minimum, meaning the Bucks may need to spend close to 20 million this offseason just to meet the minimum salary required. Milwaukee would free up even more salary cap space if it amnestied power forward Drew Gooden. The seldom used Gooden still has two years and 13.4 million left on his contract. Because he's the only player left on the roster from the old collective bargaining agreement, Gooden is Milwaukee's only chance to use the one-time amnesty clause. If the Bucks choose to go that path, Gooden will still get paid the money he's owed, but he wouldn't count against the salary cap. It's a complicated calculation to estimate exactly how much salary cap space the Bucks will have, but it's a significant amount. They have money to spend with holes to fill. First, Hammond must decide what to do with the team's three big free agent guards. Brandon Jennings is a restricted free agent, meaning the Bucks can match any offer sheet he would sign with another team. Monta Ellis and J.J. Redick are unrestricted free agents, meaning they are free to sign with any team, and the Bucks can do nothing about it. Jennings, 23, averaged 17.5 points and 6.5 assists per game last season, shooting 39.9 percent from the field and 37.5 percent on 3-pointers. Jennings has started 289 of 291 games in his four years with the Bucks, averaging 17.0 points and 5.7 assists. When asked if the Bucks plan to bring Jennings back, Hammond's response to was "100 percent." "Our intentions would be to negotiate with Brandon and hopefully we can come to an agreement before he goes out into the market or needs to go out into the market," Hammond said. "If it does happen and he goes on the market and signs an offer sheet, our intentions will be to match that." Jennings seems to be warming to the idea of returning to Milwaukee, as well. He tweeted "Hopefully im back in Milwaukee. Got some unfinished business" on Sunday, but later deleted the tweet. The market for point guards is dry, as the most teams looking for a floor general picked one up in Thursday's draft. It's unlikely a team will toss Jennings an offer sheet the Bucks won't feel comfortable matching, making it likely he'll be back with the Bucks next season. Restricted free agent Jeff Teague could be a fallback option for the Bucks at point guard if Jennings gets an offer they don't want to match. Bucks coach Larry Drew coached Teague in Atlanta and is said to be interested in bringing him to Milwaukee. Like Jennings with the Bucks, Atlanta can match any offer sheet Teague signs. Hammond didn't sound as confident went talking about Ellis and Redick. Multiple reports Sunday said the Bucks have agreed to part ways with Ellis, while Yahoo! Sports reported it's "unlikely" Redick returns to Milwaukee. If both decide to leave, the Bucks will need a shooting guard. Reports have linked the Bucks to free agent shooting guards J.R. Smith, O.J. Mayo, Kevin Martin, Tony Allen and Chase Budinger. The Bucks also plan to try and bring Mike Dunleavy Jr. back in the fold at small forward, but the prized free agent at that position is Atlanta's Josh Smith. He's familiar and has a good relationship with Drew, but Smith will be seeking close to a maximum contract. The Bucks would have to pay a premium to add Smith, as up to five or six other teams are in pursuit of the talented forward. With just seven players under contract and two draft picks to sign, the Bucks have a lot of work to do just to build a roster for next season. If Gooden is amnestied, Milwaukee will have to add at least four players in free agency to fill a 12-man roster. Milwaukee has money to spend and holes to fill, usually a formula for an exciting offseason. Nobody knows how the next few weeks will turn out for the Bucks, but they will certainly be exciting. Follow Andrew Gruman on Twitter

Jennings Gives Bucks Contract Amount He's Willing To Accept

The Milwaukee Bucks were given an undisclosed amount from Brandon Jennings' camp that he would accept to re-sign. Jennings is a restricted free agent and the Bucks have publicly said that they would match any offer sheet he signs. The Bucks would prefer to sign Jennings outright before he signs an offer sheet with a rival team. The Bucks were linked to a trade for Eric Bledsoe...

Report: Bucks get picks, deal J.J. Redick in three-team trade

The Milwaukee Bucks have agreed to sign-and-trade free-agent shooting guard J.J. Redick to the Los Angeles Clippers as part of a sign-and-trade, according to multiple reports. Redick has agreed to a four-year, 27 million contract, which will be sent to the Clippers. Phoenix will receive Los Angeles point guard Eric Bledsoe and small forward Caron Butler and will send small forward...

Hawks, Mavs interested in Ellis?

Free agent shooting guard Monta Ellis, who led the Bucks in scoring last season, is reportedly drawing interest from the Atlanta Hawks and Dallas Mavericks.

Clippers, Bucks Discussing Bledsoe For Redick Deal

The Los Angeles Clippers and Milwaukee Bucks are discussing a deal involving Eric Bledsoe for J.J. Redick. Redick is an unrestricted free agent and would have to come to the Clippers via a sign-and-trade. Bledsoe is the Clippers' best asset to improve the roster around Chris Paul. Brandon Jennings is a restricted free agent for the Bucks. A trade for Bledsoe would almost certainly...

Mike Dunleavy Jr. agrees to two-year contract with Bulls

Free agency is less than 24 hours old, and the Milwaukee Bucks have already lost one of their free agents to a divisional foe.Mike Dunleavy Jr. has agreed to a two-year, 6 million contract with the Chicago Bulls, has learned. Dunleavy can officially sign his contract when free agency opens on July 10. After spending the first nine years of his career with...

J.J. Redick headed to Clippers in 3-team deal

J.J. Redick is headed to Los Angeles, signing with the Clippers in a sign-and-trade deal that also involves the Suns and Bucks. The Clippers also acquired Jared Dudley from the Suns. The Suns acquired Eric Bledsoe and the Bucks acquired two second round Draft picks. Redick has snuck under the radar as a free agent this summer after being a solid role player for a Playoff-caliber...

The Clippers trade Eric Bledsoe to the Phoenix Suns for Jared Dudley, and also trade for JJ Redick from the Bucks.

There is a team in LA gunning for a championship, and its not the Lakers.
All Sports News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.