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Tim Duncan, who declared himself "a Spur for life" in March, reportedly has followed through on his intentions to remain in San Antonio. The 36-year-old franchise cornerstone has agreed to a three-year contract to return to the Spurs, Yahoo! Sports reported Tuesday. The website reported the contract is expected to be worth approximately $36 million, or in the same range of the deal that Kevin Garnett agreed to with the Boston Celtics last week.

A person with knowledge of the deal said Thursday that New York Knicks restricted free-agent guard Jeremy Lin and the Houston Rockets have agreed to terms on a four-year contract offer. The person told The Associated Press on Thursday on condition of anonymity because the team hadn't officially announced the deal. Lin can sign the offer sheet with Houston on July 11, and the Knicks will then have three days to match the offer.

Jason Kidd would also be invaluable as a mentor to Jeremy Lin, the Knicks’ precocious 23-year-old point guard, assuming they can keep him.

The two-time MVP brings a pass-first mentality to a team in need of leadership at point guard. He's also an above average shooter, making 43% of his three-pointers during his career. The Lakers added a point guard of the future by taking one of the best from the last two decades, plucking Steve Nash from the Phoenix Suns for a slew of draft picks.

Deron Williams formally committed to a five-year deal with the Nets Tuesday evening, boosting their fortunes on and off the court as the franchise moves to Brooklyn this fall.

Magic spokesman Joel Glass says the team has granted New Jersey, Dallas and the L.A. Lakers permission to talk to Dwight Howard's agent Dan Fegan to discuss possible trades....

The NFL is on the verge of an uncapped season. When the league and the players association reached a new collective bargaining agreement in 2006, a clause called for eliminating the salary cap in 2010. Both sides assumed an uncapped season would be so distasteful that a new contract would be finalized long before the cap disappeared.