The Dallas Mavericks are in the process of finalizing a two-year, $10 million deal with Dirk Nowitzki, ESPN reported Thursday.The Mavericks declined Nowitzki's $25 million team option on his existing contract, but there was never a doubt that the Mavs would re-sign Nowitzki, considered the greatest player in the team's history.Dallas reportedly plans to re-sign restricted free-agent Nerlens Noel, and the team's moves suggest the Mavericks may not be pursuing any high-salary free agents.The 39-year-old Nowitzki, who was the NBA MVP in 2007, played in 54 games last season, all as a starter, and averaged 14.2 points, his lowest since his rookie season in 1998-99.--The Los Angeles Clippers have reached agreement with Serbian guard Milos Teodosic on to a two-year, $12.3 million deal, ESPN.com reported.The flamboyant 30-year-old Teodosic is considered a creative playmaker. He had to pay an expensive contract buyout with CSKA Russia to move to the NBA this season.Teodosic was named to the all-EuroLeague first-team three times and was the EuroLeague MVP in 2010. Teodosic averaged 16.3 points and 6.5 assists while shooting 54.2 percent from the field and 38.6 percent on 3-pointers while playing for Moscow last season.--The Memphis Grizzlies showed their appreciation to Zach Randolph by announcing that the veteran forward/center will be the first player in franchise history to have his No. 50 jersey retired.The Grizzlies announced the move in an open letter to Randolph, two days removed from the two-time All-Star ending his eight-year tenure with the club by agreeing to a two-year, $24 million deal with the Sacramento Kings.Randolph ranks first in franchise history in rebounds (5,612) and is second behind Mike Conley in points (9,261). The 35-year-old excelled in a reserve role last season, averaging 14.1 points and 8.2 rebounds.--The Houston Rockets signed free agent forward P.J. Tucker and re-signed center Nene.In his first season as a Rocket, Nene appeared in 67 games with eight starts, while averaging 9.1 points and 4.2 rebounds in 17.9 minutes per game. Tucker averaged 6.7 points, 5.8 rebounds 1.4 steals in 81 games for the Suns and Raptors last season.--The Detroit Pistons signed free agent guard Langston Galloway.Terms of the deal were not disclosed by the club for Galloway, but ESPN reported the contract was for three years and $21 million.Galloway averaged 7.9 points, 2.1 rebounds and 1.3 assists in 74 games last season with the New Orleans Pelicans and Sacramento Kings.--The Chicago Bulls re-signed forward-center Cristiano Felicio.The move had been reported several days ago, but the team has now made it official. Terms of the agreement were not disclosed, but multiple media outlets reported the deal is for four years and worth $32 million.In his two seasons in Chicago, Felicio averaged 4.3 points and 4.3 rebounds in 14.0 minutes per game while shooting 57.3 percent from the field. Last season, he averaged 4.8 points and 4.7 rebounds in 15.8 minutes per game with a field goal percentage of 57.9.--The Denver Nuggets signed rookie forward Tyler Lydon to a multi-year contract.Denver selected Lydon with the 24th overall pick after trading down in the first round of last month's draft. The 21-year-old Lydon joined third-year forward Trey Lyles in the draft-night trade with the Utah Jazz for the rights to the 13th overall pick, which was Donovan Mitchell.Lydon averaged 11.6 points, 7.4 rebounds, 1.6 assists and 1.6 blocks in 71 career games with the Orange.