Yet another day passes in the uber-busy NBA off-season and we were treated to yet more free-agent movings and trades. While we are still all sitting on the edge of our chairs waiting for any word from Dwight Howard’s camp on where he will be taking his talents next season; here’s hoping we don’t get an impromptu televised news conference at a local YMCA.

Regardless of the Dwight-mania that has ensued, other teams are conducting business as usual and that business is what is making headlines this day. The Charlotte Bobcats are making some headlines, alongside the New York Knicks and a three-team trade that involves the New Orleans Pelicans, Portland Trailblazers and the Sacramento Kings.

Lets delve into the most recent NBA news and notes and break down the proposed trades and most recent free-agent signings.

First up we have the San Antonio Spurs who have reportedly inked former Chicago Bull Marco Belinelli to a reported two-year deal for $6 million total. This marks a nice pickup for the Spurs who clearly enjoyed some success with their floor-spacing offensive sets. Belinelli should fit into these sets as he can spread the offense out and is capable of instant offense coming off the bench. Belinelli is a solid upgrade and his addition likely marks the end for Gary Neal in San Antonio.

A second minor deal saw the former Los Angeles Laker Earl Clark leave LaLa Land for the riches of the Cleveland. Clark signs up for a two year contract with the second year reportedly coming as a club option year. The versatile Clark had a brief breakout with the Lakers; however, he was soon buried on the bench and saw meaningless minutes as the season progressed. The Lakers were not in a position to offer $3 million per season and thusly they lost out on Clark.

The New York Knicks had a fairly busy 24-hour period as they announced a new contract for J.R. Smith as they have reportedly procured his services for the next four years at the paltry sum of $26 million. They followed this signing up with another one as they have also locked up their 36-year old rookie Pablo Prigioni to a three year deal for about $19 million less than Smith’s deal.

Smith’s signing was something of a necessity as the the Knicks desperately need the offense and Smith can provide it. While I’d be weary of paying someone on a new contract when they are coming off a career year, that is exactly what the Knicks saw fit to do. Smith will still be an effective piece to the Knicks puzzle; however, I don’t envision similar like success over the life of this contract.

The biggest signing of the day goes to the Charlotte Bobcats as they have reportedly locked up Al Jefferson with a three-year deal. While the deal for Jefferson doesn’t seem to make much sense on the surface, it is clearly about the money for big Al as he wants to get his paydays in while he can still command eight figures a year. The Bobcats had actually positioned themselves nicely to get a top-five pick in next years draft, now with the signing of Jefferson they are jeopardizing a future and spending unnecessarily. Jefferson has the third year in this deal at his option so once he realizes what a sinking ship the Bobcats are he will opt-out and likely force a sign and trade elsewhere.

The biggest trade of significance to come out of the last 24 hours was the three team deal that saw Tyreke Evans go to New Orleans, Greivis Vasquez go back to Sacramento and Robin Lopez going to Portland for what amounts to draft picks going back to New Orleans and Sacramento.

The Kings made the most out of this situation as Evans was wanting to go to New Orleans and he seemingly had a legitimate if not overvalued offer on the table. Sacramento didn’t want to match the offer anyways and in return they managed to get a solid point guard in Vasquez. Vasquez made the most out of his opportunity in New Orleans and there is no reason to think that he can’t be as successful in Sac-town.

So just another day in the NBA offseason is complete. Check back at eDraft for updates as the trades and signings unfold and once the dust has settled on the entire process, eDraft will have analysis and insight on how the new acquisitions have shifted the balance of power in each division and conference.