The Utah Jazz announced Wednesday that the team has acquired veteran point guard Brevin Knight from the Los Angeles Clippers in exchange for guard Jason Hart.

The New Jersey Nets has acquired Keyon Dooling from the Orlando agic in a sign-and-trade transaction last week for the $3 million contract exemption the Nets owned from the Jason Kidd deal last season.

"We were informed this morning by Josh Childress' representatives that he has signed with Olympiakos in Greece, and we want to wish him the absolute best with his future career in FIBA. "We have a great deal of respect for Josh and appreciate his contributions to our franchise. We were very comfortable when we began this process that if Josh were to play in the NBA, he would remain with the Hawks. This is a unique situation with Greece, and to my knowledge it is believed to be the highest contract ever awarded in Euroleague history.

The San Antonio Spurs announced today that they signed forward Anthony Tolliver. Per team policy, terms of the deals were not disclosed. The 6-8, 240-pound Tolliver played on the Spurs summer league teams in Las Vegas and at the Rocky Mountain Revue in Salt Lake City. He averaged 12.3 points and 5.0 rebounds in 23.0 minutes while shooting .571 (12-21) from the field and .615 (8-13) from beyond the arc in three games in Las Vegas. At the Rocky Mountain Revue Tolliver appeared in all four games, averaging 11.5 points and 3.5 rebounds in 26.5 minutes while knocking down 53.3 percent (8-15) of his shots form beyond the arc.

The New Orleans Hornets announced today that they have signed free agent guard/forward James Posey. Per team policy, terms of the contract were not released. "I am excited to be a Hornet, it was a coveted destination for me and I am glad that we were able to come to terms,"Posey said. "I can not wait to play alongside Chris Paul, David West, Tyson Chandler and so many other great players on this team.”

The Boston Celtics announced today that they have re-signed guard Tony Allen. Per team policy, terms of the deal were not disclosed. Allen, a 6'4", 213lb guard, has spent his entire four year career with the Celtics after being drafted with the 25th overall pick in the 2004 NBA Draft. The former Oklahoma State Cowboy recorded career highs in minutes (1373), assists (114) and points (494) in 75 games last season as he worked to return from his January 2007 knee injury.

According to a report on ESPN.com, "Josh Childress signed a reported three-year deal worth $20 million with the Greek club Olympiakos after leaving the Atlanta Hawks. Olympiakos announced the deal Wednesday. The guard was a restricted free agent, but the Hawks do not have the ability to match an offer from a European team."

In the LAS VEGAS REVIEW-JOURNAL, Rusty Simmons reports "nobody on Team USA is going to tell Jason Kidd to act his age. Especially when he's having so much fun playing basketball -- and playing at such a high level. This is the 35-year-old Kidd's last hurrah playing for his country. He already has a gold medal from the 2000 Olympics, and he fully expects to earn a second gold next month when the 2008 Games get under way in Beijing. ‘As long as I can play at a high level and give something to the team, I want to be out there," he said Tuesday after Team USA's training camp session at Valley High School. "It's always a great honor to represent your country, and it's always a thrill to play with guys this talented.'”

In the WASHINGTON POST, Ivan Carter writes "Gilbert Arenas has been the face of the Washington Wizards franchise for several seasons. But the moment he signed his name to a six-year contract on July 12, he became a franchise player. The difference is that Arenas, who is entering his eighth NBA season and sixth with the Wizards, not only will be asked to put up big numbers, hit game-winning shots and sell tickets, he also will be expected to carry owner Abe Pollin's team to its first NBA championship since Wes Unseld led the Bullets to the title in 1978.”

In the LOS ANGELES TIMES, Steve Springer writes "Frustrating. Disappointing. Comical. Which of those words best describes the U.S. men's basketball team in the 2004 Olympics? For Dwyane Wade, it's all of the above. "It was very comical," said Wade, a member of that team and the 2008 squad. ‘You just had to shake your head. Everybody on that team was a good individual player, but when you tried to put it together, it didn't work. It was like a bad mix of food.' ‘Now I look at the team we have now, look at the mix. Look at everything we are doing. We are getting along so well. I think it's because we understand we need each other to make this work. It's not going to be five guys. It's going to be 12 guys who are going to get this done.'”