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These are yesterday's basketball rumors. For the most recent stories click here.

After reading today's Basketball Rumors talk on the InsideHoops basketball forum where hardcore fans hang 24/7 talking hoops.

NBA Rumors for Monday, September 1

InsideHoops NBA rumors updated 12:00 a.m. ET. More NBA rumors stories and other news also appears on the InsideHoops basketball blog.

nba rumors Seeking a veteran guard depth for their young, retooled bench, the Rockets will acquire guard Jason Terry, a long-time Rockets nemesis from his days with the Mavericks, from the Sacramento Kings, a person with knowledge of the deal confirmed on Sunday. The Rockets will send guard/forward Alonzo Gee to the Kings in the deal and will also receive a pair of second-round draft picks, including a pick the Kings acquired from the Knicks. Yahoo Sports initially reported the agreement on the deal. Houston Chronicle Blog

Terry is in the final season of his contract, worth $5.85 million, making his expiring contract and the additional picks potential trade assets. The deal will take several weeks to complete and will include additional non-guaranteed contracts, likely either Josh Powell, Scotty Hopson or both. Houston Chronicle Blog

The Rockets will send a package centered on non-guaranteed contracts, including Alonzo Gee, that the Kings can ultimately waive and gain salary savings and roster space, league sources said. Sacramento will send Houston two second-round picks in the deal, including one via the Knicks, league sources told Yahoo. The trade could take some time to officially complete, based on restrictions of contracts in the deal, league sources said. Yahoo

The 36-year-old Terry started last season with Brooklyn and averaged only 4.5 points in 35 games. He was traded to Sacramento at the trade deadline and didn't play the rest of the season as he recovered from a left knee injury. Terry played in Boston in 2012-13 after eight seasons in Dallas, where he was named the league's Sixth Man of the Year in 2009 and 2011. AP

nba rumors They figured it would be simple, that they would just beat up on Turkey like they did Finland a night earlier. Instead, the Americans were the ones on the ropes for nearly three quarters. "I guess we felt like last night's game was pretty easy and tonight was going to be the same way, but Turkey came out and they gave us their punch from the beginning," forward James Harden said. "We took it and we were sluggish. That second half we played a lot better." AP

Kenneth Faried scored 22 points, Anthony Davis all of his 19 in the second half, and the U.S. rebounded from a rare deficit at halftime to beat Turkey 98-77 on Sunday in the Basketball World Cup. A night after crushing Finland by 59 in its biggest rout ever while using NBA players in the former world championship, the Americans couldn't take control against Turkey until early in the fourth quarter after compiling a 17-1 run. AP

The Americans trailed 40-35 at halftime and Turkey led by six early in the third before the Americans could finally get the game into the quicker tempo they prefer and pull away to win the rematch of the 2010 gold-medal game in Istanbul. But it was a much tougher one than expected after the Americans hammered Finland 114-55 while Turkey was being outplayed for most of its opener by New Zealand before pulling out the victory. AP

Rose showed his timing still isn't back after a nearly two-year absence, missing both shots, turning it over twice and not getting an assist in the first half. He didn't get back into the game until the U.S. had opened the big fourth-quarter lead. AP

Andre Drummond of the Detroit Pistons was the only member of Team USA who didn't get into the game. Unlike a 114-55 rout over Finland Saturday, when the Americans outscored their opponent 29-2 in the second quarter, the U.S. couldn't take control against Turkey until pulling away in the final 10 minutes. Turkey led 35-30 at halftime and didn't relinquish the lead until a dunk by Kenneth Faried of the Denver Nuggets put the Americans ahead 53-51 with 5 minutes left in the third quarter. Michigan Live

Another day, another great performance for Phoenix Suns guard Goran Dragic in the 2014 FIBA World Cup. The 28-year-old paced the Slovenians with 18 points on 6-of-8 shooting to go along with a team-high six assists in a 89-68 victory over Mexico. Arizona Sports

nba rumors At the 11th hour, Nike just simply couldn't let Kevin Durant walk away. With Durant on the verge of a move to Under Armour, sources told ESPN on Sunday that Nike exercised its right to match any rival shoe company's offer to the Oklahoma City Thunder star. A source with knowledge of the deal later told ESPN that Durant has indeed signed with the Oregon-based company. ESPN.com

Nike countered Under Armour's offer of between $265 million and $285 million and believes it will keep Kevin Durant for the next 10 years, sources told ESPN. ESPN.com

Nike, whose seven-year deal that guaranteed Durant $60 million is expiring, made an initial offer of about $20 million a year that was far from what Durant was looking for. Under Armour's huge play for Durant had many believing that Nike would even let him go at that price. ESPN.com

While the exact Nike offer for Durant isn't known, sources told ESPN that Durant should make more -- in base and royalties -- than the Thunder will pay him over the next two seasons ($41.2 million). That's why fans in Oklahoma City were nervous about a possible move to Under Armour, which could have steered him more to returning to his local roots to play for the Washington Wizards when he becomes a free agent after the 2015-16 season. ESPN.com

Durant was a loyal Nike man, who took significantly less money to go with the company over Adidas when they both wooed him his rookie season. But considering the business that Durant became in the last two years, shoe business insiders were shocked that Nike didn't try to lock him up before he became a shoe free agent. Nike frequently signs its stars to new deals before their current ones are up so that they can't test the marketplace. That might have cost Nike more in this case, though it's still a drop in the bucket to the company, which expects to sell more than $27 billion in product in 2014, making it more than nine times Under Armour's size. ESPN.com

nba rumors The Memphis Grizzlies waived guard Jamaal Franklin, the team announced today. Franklin (6-5, 191) averaged 1.9 points and 1.1 rebounds in 7.7 minutes in 21 games (zero starts) and shot .410 from the field as a rookie for the Grizzlies last season. Inside Hoops

The Minnesota Timberwolves haven't made the playoffs in 10 years and just traded the face of their franchise so he can go chase a championship with LeBron James in Cleveland. Kevin Love is gone now, and yet somehow the Timberwolves have parlayed that into a record-setting week at the box office. After completing the long-rumored trade that sent Love to the Cavaliers and brought Andrew Wiggins, Anthony Bennett and Thaddeus Young to Minnesota, the Timberwolves have sold more than 300 full season-ticket packages in the last week. AP

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