Clippers Show Off New-Look Team

(Los Angeles, CA) -- The Los Angeles Clippers are showing off their 2013-14.  Free-agent guard Chris Paul is back after being re-signed to a five-year, $107-million contract. He says the choice to return to the Clips wasn't difficult.

The Clippers also acquired shooting guard J.J. Redick from Milwaukee and swingman Jared Dudley from Phoenix in a three-team trade. Redick comes over in a sign-and-trade deal that Yahoo! Sports reports is worth $27-million over four years. Guard Eric Bledsoe and forward Caron Butler go from LA to Phoenix, while the Bucks get a future second-round pick from both the Clippers and Suns. Los Angeles also has new head coach Doc Rivers on board.

NBA Sets New Salary Cap

(New York, NY) -- The NBA has established a salary cap of just under 58.7-million-dollars, with a luxury tax threshold of just over 71.7-million. Those are both slight increases from this past season. ESPN.com reports the Lakers received the highest luxury tax penalty from last season at more than $29.2-million. The NBA champion Heat were a distant second at just over 13.3-million.

Bynum Signs With Cavs

(Cleveland, OH) -- ESPN reports Cleveland has come to terms with 25-year-old center Andrew Bynum.  It is a two-year contract worth up to $24-million, but only six-million is in guaranteed money. Bynum helped the Lakers win back-to-back titles in 2008-09 and 2009-10.  He sat out all of last season with various knee injuries after being traded to the Philadelphia 76ers as a part of the Dwight Howard deal.