The L.A. Lakers extended a qualifying contract offer to guard Sasha Vujacic making him a restricted free agent.

The L.A. Lakers extended a qualifying contract offer to forward Ronny Turiaf making him a restricted free agent.

The Minnesota Timberwolves extended a qualifying contract offer to forward Ryan Gomes making him a restricted free agent.

The Minnesota Timberwolves extended a qualifying contract offer to forward Chris Richard making him a restricted free agent.

The Minnesota Timberwolves extended a qualifying contract offer to forward Craig Smith making him a restricted free agent.

The Utah Jazz exercised their team option on forward Paul Millsap for the 2008-09 season.

The Utah Jazz tendered a qualifying offer to guard C.J. Miles making him a restricted free agent.

The Boston Celtics acquired the draft rights to forward Bill Walker, the #47 overall pick in the 2008 NBA Draft, from the Washington Wizards for cash considerations.

The Chicago Bulls acquired the draft rights to center Omer Asik, the #36 overall pick in the 2008 NBA Draft, from the Portland Trail Blazers for two future second-round draft picks.

The Cleveland Cavaliers acquired the draft rights to forward Darnell Jackson, the #52 overall pick in the 2008 NBA Draft, from the Miami Heat for a second-round draft pick.

The Denver Nuggets acquired the draft rights to guard Sonny Weems, #39 overall pick in the NBA Draft, from the Chicago Bulls .

The Detroit Pistons acquired the draft rights to forwards Trent Plaisted, the #46 overall pick in the 2008 NBA Draft, and Walter Sharpe, the #32 overall pick in the 2008 NBA Draft, from the Seattle SuperSonics for the draft rights to forward D.J. White, the #29 overall pick in the 2008 NBA Draft.

The Houston Rockets acquired the draft rights to forward Donte Greene, the #28 pick in the 2008 NBA Draft, and a second-round draft pick in 2009 from the Memphis Grizzlies .

The Houston Rockets acquired the draft rights to forward Joey Dorsey, the #33 pick in the 2008 NBA Draft, from the Portland Trail Blazers .

The L.A. Clippers acquired the draft rights to guard Mike Taylor, the #55 pick in the 2008 NBA Draft, from the Portland Trail Blazers for a second-round draft pick in 2009.

The Miami Heat acquired the draft rights to guard Mario Chalmers, the #34 pick in the 2008 NBA Draft, from the Minnesota Timberwolves for two future second-round draft picks and cash considerations.

The Milwaukee Bucks acquired forward Richard Jefferson from the New Jersey Nets for forwards Yi Jianlian and Bobby Simmons.

The Portland Trail Blazers acquired a second-round draft pick in 2009 from the Denver Nuggets and two future second-round draft picks from the Chicago Bulls .

The Portland Trail Blazers acquired the draft rights to forward Nicolas Batum, the #25 pick in the 2008 NBA Draft, from the Houston Rockets .

The Memphis Grizzles acquired guards Marko Jaric and Greg Buckner, forward Antoine Walker and the draft rights to guard O.J. Mayo, the #3 pick in the 2008 NBA Draft, from the Minnesota Timberwolves for guard Mike Miller, forward Brian Cardinal, center Jason Collins and the draft rights to forward Kevin Love, the #5 pick in the 2008 NBA Draft.

The Memphis Grizzles acquired the draft rights to forward Darrell Arthur, the #27 pick in the 2008 NBA Draft, from the Portland Trail Blazers .

The Miami Heat extended a qualifying offer to forward Dorell Wright making him a restricted free agent.

The Miami Heat extended a qualifying offer to forward Kasib Powell making him a restricted free agent.

The Miami Heat extended a qualifying offer to guard Chris Quinn making him a restricted free agent.

The Philadelphia 76ers extended a qualifying offer to forward Andre Iguodala making him a restricted free agent.

The Philadelphia 76ers extended a qualifying offer to guard Louis Williams making him a restricted free agent.

The Charlotte Bobcats acquired the 20th pick in the NBA draft from the Denver Nuggets for a future protected first-round pick.

The Miami Heat waived forward Alexander Johnson.

The L.A. Lakers announced forward Trevor Ariza exercised the player option on his contract for the 2008-09 season.

The Toronto Raptors released forward Jorge Garbajosa.

The Philadelphia 76ers announced center Calvin Booth has exercised the player option on his contract.