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NBA March rumors

The New York Post reports that Joe Smith — whose contract was recently bought out by the Oklahoma City Thunder — might be on the verge of re-joining the Cleveland Cavaliers once he clears waivers.

LeBron James went on record on Monday to say he was in favor of the Cavs picking up Smith again, giving positive reviews to Smith as a teammate and for his work helping Cleveland down the stretch last year.

The Post also reported that the Lakers and the Hornets are expected to make runs at Smith, but that Cleveland is his expected destination.

The Washington Times reports that the NBA is expected to borrow $175 million on Thursday and distribute the funds among 15 of the league’s 30 teams, to assist those who are struggling the most during the economic recession.

The report does not name the 15 teams receiving financial assistance, other than noting that the Wizards have said they’re not one of them.

The story also notes that the NBA did not go shopping for the infusion of money, but that JP Morgan and Bank of America approached the NBA with unsolicited offers to loan the league money. Recognizing the increased rarity of available credit and the fact that numerous teams would be able to use the money, the NBA is expected to accept the loan.

The Houston Rockets today announced they have signed guard/forward James White to a 10-day contract. White becomes the 12th GATORADE Call-Up of the 2008-09 NBA Development League season, and the 130th overall since the league began play in 2001. NBA.com

The Denver Nuggets have suspended Carmelo Anthony for one game for an “in-game transgression” Sunday against Indiana. “There is a code of conduct that we take very seriously, especially from a leader and co-captain,” Rex Chapman, vice president of player personnel, said Monday. “Carmelo knows this and regrets what happened. He is a very competitive person and made a poor decision in the heat of the moment. We look forward to having him back on Thursday and will have no further comment at this time.”

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