Monitoring the Lee situation…

Update: July 2- 8:45:

Via Berger:

“… League sources indicated early Thursday that the Raptors also were contemplating an offer to restricted free agent David Lee. Any offer to Lee, by definition, would be in the $8-$10 million range so it would test the Knicks‘ threshold for matching. And Lee’s list of potential suitors shrank by one Wednesday when Memphis traded Quentin Richardson to the Clippers for power forward Zach Randolph…”

I think the only team with a shot, and it’s a small one, is the Blazers, but not if they land Turkoglu. It’s looking more and more that Lee will return to NY, but Walsh has to be exploring serious trade scenarios first.

Meanwhile, Doug Smith up in Toronto said the Raptors didn’t have the bread to offer Charlie V and have turned their attention to Linas Kleiza, so how exactly are they going after Lee? You’d figure that Villanueva, who received $7 million per, has set the market for the big men. Lee should demand more, but it shouldn’t be coming from up north, unless Chris Bosh is in play.

Smith now has heard the Rapts are in play…

“…Capping a whirlwind 24 hours to open the negotiating period, league sources say Toronto is trying to obtain David Lee, an energetic rebounder who is a New York Knicks restricted free agent.############################################

The sources couldn’t say whether the move on Lee would be a straight offer or whether it would be a sign-and-trade transaction with any of Toronto’s current free agents.

Lee’s name is added to a list that began with Charlie Villanueva – who ultimately signed a five-year, $40 million deal with the Detroit Pistons – and Denver’s Linas Kleiza, a solid if unspectacular part not in the class of Lee.

There is no suggestion anything is imminent, but the attempts to try to get something done with Lee back suggestions before the free-agent period began that Toronto general manager Bryan Colangelo was trying to be creative in improving his roster…”

Update 7:10:

Check this out…Again, not buying this one…

“…This morning there were rumors that Lee was close to a deal with the Memphis Grizzlies, but a source close to Lee told HOOPSWORLD that rumor was far from true. The Grizzlies haven’t put a number on the table yet, and the rumor that the Knicks were even in the right ball park with a four-year $34 million offer are completely off base. Not even the other number being tossed around – five years and $50 million – will get you into a serious discussion with David Lee. In fact, our source told us, Lee’s camp is looking for five years and $60-$65 million before they’re willing to have a serious discussion…”

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I was listening to Ric Bucher on with BT this morning when he said that Chris Wallace wanted to make a serious offer to Lee, but Grizzlies’ owner Michael Heisley apparently has Knicks’d nixed it.

Throw in the fact that the Thunder are hot for Paul Millsap, and you have to wonder where the money is coming from.

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Courtesy of Adrian Wojnarowski:

“…Several league executives say that the Memphis Grizzlies are preparing a $40-50 million offer for New York Knicks restricted free agent David Lee(notes) . “There’s a great deal of interest in him, and a lot of teams are trying to be very creative,” his agent, Mark Bartelstein, said Wednesday morning…”

By the way, on a side note, kudos to my boy Zags for breaking the Lance-to-Cincy story-the end of one of the most bizarre recruiting efforts ever.

That’s right, SNY broke it….congrats Zags, bloggerists rule.

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