F Rondae Hollis-Jefferson had his 2018-19 contract option exercised by the Brooklyn Nets on Thursday. Hollis-Jefferson appeared in a team-high 78 games last season and averaged 8.7 points and 5.8 rebounds. The 6-7 forward averaged 7.9 points and 5.7 rebounds as a rookie.

G Tony Allen, now with the New Orleans Pelicans, will have his number retired by the Memphis Grizzlies in the future, the team said on Thursday. Allen departed the team this summer and signed a one-year deal with the Pelicans for the veteran's minimum of $2.3 million. "Tony was a driving force behind the Grizzlies' seven straight playoff appearances and he remains a beloved member of the Memphis community," Grizzlies owner Robert J. Pera said in a statement. "Tony played with a level of passion that is unrivaled. He helped establish a Grizzlies culture focused on toughness and effort, and he challenged every player that put on Beale Street Blue to match his fiery intensity. Allen averaged 8.9 points and 4.3 rebounds per game during his seven seasons with the Grizzlies. He also earned first- or second-team All-Defensive honors in six of those campaigns.

F LeBron James sat out practice on Wednesday and was ruled out for Friday's preseason game against the Orlando Magic due to a left ankle injury, coach Tyronn Lue announced.

G Andrew Wiggins signed a multi-year contract extension, the team announced Wednesday. Terms were not released by the team, but the deal is a maximum five-year, $148 million extension that will keep him obligated to the Timberwolves through 2023, according to multiple reports. The extension starts with the 2018-19 season. "I'm pleased that we've reached an agreement with Andrew on a contract extension," Timberwolves owner Glen Taylor said in a statement. "Andrew is one of the best young players in the NBA and he has the talent and work ethic to get even better and be a foundation for our franchise for many years."

G Rajon Rondo underwent surgery for a sports hernia on Tuesday and will miss four to six weeks, according to the team. The Pelicans said the operation was to repair a core muscle injury. Rondo was injured in the first quarter of Friday's preseason contest against the Oklahoma City Thunder. The 31-year-old Rondo signed a one-year, $3.3 million deal with the Pelicans in the offseason. He averaged 7.8 points and 6.7 assists for the Chicago Bulls last season.

C Joel Embiid has played in just 31 games over three NBA seasons but he has landed a big-money contract that typically goes to a star player. The promising 23-year-old agreed to a five-year, $148 million deal with the 76ers, who publicly announced the agreement on Tuesday. The team didn't confirm the financial package, which is the maximum allowed under the rookie wage scale and will reportedly grow by another $30 million should Embiid win MVP honors or receive All-NBA first, second or third-team recognition.

Philadelphia center Joel Embiid and the 76ers on Monday agreed to a five-year, $148 million contract extension -- the maximum permitted by the NBA's rookie wage scale.The extension could be worth as much as $178 million if Embiid meets certain criteria -- making all-NBA teams, for instance, during the length of his rookie deal.Embiid has played in only 31 games in three seasons since Philadelphia made him the third pick in the 2014 NBA Draft. In those games, all played last season, Embiid averaged 20.2 points and 7.8 rebounds per game.He last played on Jan. 27, subsequently undergoing surgery to repair a torn left meniscus.Philadelphia coach Brett Brown said, "(Embiid alters games with) his physical presence; he does it with a defensive mindset, and he does it with an offensive target that is different than anything else that we have."When he has been able to practice with us, he has changed the gym."Teammate Jahlil Okafor told the Philadelphia Daily News, "He deserves it. I'm really happy for him. It wasn't a surprise to me. You've seen how great of a player he was, and he's an even better person, so he deserves that. I'm just happy that it's finally official."Philadelphia forward Robert Covington told the Daily News, "With him healthy, this team can be very special."ESPN reported the 76ers would receive salary-cap protection if Embiid sustains a significant injury.

C Joel Embiid was cleared for practice Thursday and looked strong in five-on-five drills. Embiid had surgery on his left knee to repair a torn meniscus on March 24. He told philly.com he was a little out of sync despite moving well and not having any limitations placed on him. He played in only 31 games last season after missing the previous two seasons because of surgeries on his right foot. In his only season at Kansas, Embiid suffered a stress fracture that prevented him from playing in the Big 12 and NCAA tournaments.

G Nicolas Batum will miss a minimum of six to eight weeks after tearing the ulnar collateral ligament in his right elbow, the club announced. An MRI exam on Thursday revealed the tear. There are fears that Batum could end up being sidelined for as long 12 weeks due to the injury that occurred 34 seconds after the start of Wednesday's preseason game against the Detroit Pistons. Batum averaged 15.1 points, 6.2 rebounds and 5.9 assists last season in his second campaign with Charlotte. He is entering the second season of a five-year, $120 million contract.

F LeBron James (ankle) returned to practice Thursday. James participated through an entire practice as he continues to make progress from the left ankle he injured last week. Lue said it is possible James could even see playing time during Friday's preseason game against the Indiana Pacers. James suffered the injury during a practice on Sept. 27 when he stepped on the foot of rookie forward Cedi Osman.

G Iman Shumpert is expected to be sidelined seven to 10 days with a sprained left foot, the team announced Thursday. Shumpert sustained the injury while landing awkwardly after a missed dunk attempt during the first quarter of Wednesday's 109-93 preseason loss to the Atlanta Hawks. Shumpert averaged 7.5 points, 2.9 rebounds and 1.4 assists while playing a career-high 76 regular-season games last season for the Cavaliers.

Dallas Mavericks guard Seth Curry is out indefinitely after being diagnosed with a stress reaction of his left tibia, the team announced Saturday. It was unclear when the injury occurred but he played in the preseason game at Orlando on Thursday night when he shot 4 of 14 from the field. The 27-year-old Curry was projected to start in Dallas' backcourt this season. The Mavs said Curry will be re-evaluated on a weekly basis.

G Malik Beasley was recalled from Sioux Falls of the D-League.

G Malik Beasley was recalled from Sioux Falls of the D-League.

G Malik Beasley was recalled from the Sioux Falls Skyforce of the NBA Development League on Sunday. In his latest D-League stint, the 6-foot-5, 196-pound Beasley appeared in three games with the Skyforce and averaged 16.7 points, 6.0 rebounds and 1.67 steals in 33.3 minutes per contest. He scored a D-League career-high 23 points to go with 10 rebounds and three steals in a win over the Oklahoma City Blue on Wednesday.

F Malik Beasley was recalled by the Nuggets from Sioux Falls of the NBA Development League, but he didn't see action Monday.

F Michael Beasley is expected to miss at least another two weeks because of a hyperextended left knee he sustained Feb. 27 at Cleveland. Beasley has missed Milwaukee's past five games.

G Michael Beasley (hyperextended left knee) missed his eighth consecutive game Wednesday.

G Malik Beasley was assigned to the Sioux Falls Skyforce of the NBA Development League on Wednesday. Beasley, a first-round draft pick (No. 19 overall) in 2016, has appeared in 19 games for the Nuggets, averaging 2.6 points in 4.7 minutes. The 6-foot-5, 195-pound Beasley, who played at Florida State, has appeared in 12 games with Sioux Falls and averaged 17.3 points, 6.6 rebounds and 1.9 assists.

G Malik Beasley was recalled from the Sioux Falls Skyforce of the NBA Development League on Sunday. In his latest D-League stint, the 6-foot-5, 196-pound Beasley appeared in four games for the Skyforce and averaged 23.5 points, 10.5 rebounds and 4.5 assists in 32.0 minutes per contest. He scored a D-League career-high 32 points to go with a career-high 19 rebounds and seven assists against the Oklahoma City Blue on Thursday.Overall in the D-League, Beasley owns averages of 18.9 points, 7.6 rebounds, 2.6 assists, 1.10 steals in 31.1 minutes in 16 games for the Skyforce.