To sum things up in the NBA:
- In their CBA, free agency starts on July 1st. However, they have a "Moratorium" period until July 9th where players actually can't put pen to paper and sign until 12:00am July 9th. So until then, it's simply verbal agreements.
- Various players/team reps announce a player "signing" during this moratorium period, but it hasn't actually happened yet. But the team and the player usually are fairly confident that the verbal agreement will be followed through by both sides.
- DeAndre Jordan was a free agent. He verbally committed to a 4 year, 80 million dollar contract with the Dallas Mavericks a few days ago. Mark Cuban, Mavericks owner, even did an interview saying how excited he was to get DeAndre and the different ways the Mavericks would use him. Since it was the moratorium period, he was fined 25K since you can't actually talk about the player in public if you're a team representative.
- DeAndre Jordan gets cold feet, calls "ex" head coach Doc Rivers and co. from the Los Angeles Clippers and informs them that he isn't sure about the move and wants to come back to the Clippers.
- Going against his agent's word, DeAndre has a meeting with coach Rivers, the Clippers' owner Steve Ballmer, and Clippers players Blake Griffin, Chris Paul, J.J. Reddick and Paul Pierce. While at DeAndre's home in Texas, Jordan refuses to take calls from his agent, Mark Cuban, or any Mavericks player. They essentially stayed in his home until DeAndre could officially sign a contract.
- Today, at 12:01am DeAndre Jordan officially signed a contract with the Los Angeles Clippers, thus going back on his verbal agreement to originally sign with the Mavericks