Kemp, Cavaliers Near Megabuck Pact
Shawn Kemp moved a step closer Wednesday to getting his renegotiated megacontract, a seven-year deal with the Cleveland Cavaliers that will be worth about $107 million.
It will make Kemp the fifth NBA player in the $100 million club and will end the salary saga of the ex-Seattle All-Star whose anger with his old contract played a big part in driving him away from the SuperSonics.
According to a source close to the Cavs, the sides have agreed on the amount of money Kemp will be paid - approximately $8.3 million in the first season with 20 percent raises in each of the next six years.
Several details remain to be worked out.
Center Ed Stokes was waived by the Seattle SuperSonics, team president and general manager Wally Walker said.
Portland point guard Kenny Anderson has a mild sprain in his left ankle and his playing availability will be evaluated on a day-to-day basis.
The Minnesota Timberwolves released guards Jimmy King and Victor Page, both free agents.