2. Since Lebron James declared that he will announce his new team on Thursday at 9:00 in a 1 hour ESPN special, which, by the way, is asinine, he is telegraphing that he will re-sign with Cleveland. From Tyler Cowen:
The firm announcement date means that LeBron will re-sign with Cleveland, and intrade.com spiked up to 65.0 (+24.9) for that event.
3. Joe Johsnon, who isn't very good anyway, is signed.
4. Amare Stoudamire is signed.
5. The Chicago Bulls look very likely to end up as the big losers in this thing. If you are anything like me, this is good news. I heard some pundit in town mention that maybe David Lee and Ray Allen wouldn't be so bad. Ha!