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Bulls get Jabari Parker for $40M, 2 yrs.

(Photo by Dylan Buell/Getty Images)

CHICAGO (AP) Jabari Parker and the Chicago Bulls agreed Saturday to a $40 million, two-year contract, bringing the talented and oft-injured forward to his hometown team.

Agent Mark Bartelstein confirmed the deal shortly after the Milwaukee Bucks rescinded their qualifying offer. That made Parker an unrestricted free agent, clearing the way for him to join the rebuilding Bulls.

The 23-year-old Parker led Chicago's Simeon Career Academy to four state championships and starred for one season at Duke before the Bucks drafted him with the No. 2 overall pick in 2014.

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Lakers reach semis with LeBron watching

LAS VEGAS (AP) The Los Angeles Lakers put on a good show for LeBron James.

With James in attendance , the defending NBA Summer League champions cruised back into the semifinals, beating the Detroit Pistons 101-78 on Sunday.

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Cavs re-sign Frye for $2.4M vet minimum

CLEVELAND (AP) Channing Frye was a dependable player, locker-room presence and fan favorite for parts of three seasons with the Cavaliers.

He can be again.

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Lakers G Ball to have meniscus surgery

EL SEGUNDO, Calif. (AP) Lakers guard Lonzo Ball is scheduled to undergo arthroscopic surgery Tuesday on his left knee.

The team said Friday that it will provide an update on Ball's condition after the surgery. He has a torn meniscus.

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Nuggets ship Faried, Arthur to Nets

NEW YORK (AP) The Brooklyn Nets have acquired forwards Kenneth Faried and Darrell Arthur along with a 2019 first-round pick from the Denver Nuggets.

The Nets also received a second-round pick in 2020 in the trade announced Friday. They sent guard Isaiah Whitehead to Denver.

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Grizzlies sign second-round pick Carter

MEMPHIS, Tenn. (AP) The Memphis Grizzlies have signed second-round pick Jevon Carter to a multiyear deal.

Terms of the contract announced Sunday were not disclosed.

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Demps: Randle makes Pelicans better

METAIRIE, La. (AP) Whether the Pelicans are better off with Julius Randle and Elfrid Payton than they were with DeMarcus Cousins and Rajon Rondo remains to be seen.

All general manager Dell Demps could do on Friday, as he sat between his two new players, was offer assurances that New Orleans All-Star Anthony Davis was an ardent advocate for signing Randle and suggest that the "two-way" abilities of Payton and Randle give the Pelicans a promising opportunity to build on a formula that served them well late last season.

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Oakley arrested for gambling fraud

LAS VEGAS (AP) Former New York Knicks star Charles Oakley is being accused of gambling fraud after a wager at a Las Vegas casino last weekend, casino regulators said Thursday.

Oakley was arrested Sunday at the Cosmopolitan casino-resort on the Las Vegas Strip on suspicion of committing or attempting to commit a fraudulent act in a gaming establishment, the Nevada Gaming Control Board said in a statement. The agency said Oakley is suspected of "adding to or reducing his wager" on a game after the outcome was known.

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Ellington stays with Heat on 1-year deal

LAS VEGAS (AP) Wayne Ellington is returning to the Miami Heat, after nearly two weeks of waiting and wondering if he would get his wish to be back with the club for a third season.

A person with direct knowledge of the terms said Thursday night that Ellington accepted a $6.3 million, one-year offer that exactly matches his salary from last season. The person spoke to The Associated Press on condition of anonymity because the contract has not been signed.

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Nets trade G Lin to Hawks for pick

NEW YORK (AP) Jeremy Lin's injury-plagued stint in Brooklyn is over.

The Nets have agreed to trade Lin to Atlanta, the Hawks announced Friday.

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