There's only one news item that really matters: Blake signing his 5 yr extension.

Citizen agolden has a post just below about some other ongoings last night as well. Read and enjoy:

CLIPPERS: Press Release - July 10, 2012
CLIPPERS SIGN BLAKE GRIFFIN TO CONTRACT EXTENSION

How Can Team USA Use Blake Griffin Effectively? - The Triangle Blog - Grantland
Blake Griffin, Andre Iguodala, and James Harden secured the final three spots on the U.S. Olympic men's basketball team, beating out Eric Gordon, Rudy

Clippers continue to make smart moves - latimes.com
It's not the same old Clippers. The team has had a productive summer, getting Blake Griffin to sign to five more years, retaining, Chauncey Billups and bringing in Lamar Odom and Jamal Crawford.

Lamar Odom is back with the Clippers, but what does it all mean? - latimes.com
Lamar Odom, one of the most likable but enigmatic figures in L.A. sports history, returns to team with which he began his NBA career. It could be great, it could go bad or it could be just plain weird.

Lakers, Clippers are on winning side in NBA free-agency dealings - latimes.com
The moratorium on NBA free-agent signings ends Wednesday, freeing team executives to comment on their moves.

Rockets, Lakers in Latest Howard Talks " NBA.com | Hang Time Blog

Deron Williams re-signs with Nets on iPad, leading several players making deals official | Ball Don't Lie - Yahoo! Sports
Nice signings roundup by the BDL blog...

Busy Knicks Reach Deal to Retain J. R. Smith - NYTimes.com
A 6-foot-6 guard, he is likely to sign his new contract, a two-year deal worth $2.8 million in the first year with a player option in the second, Wednesday.

Miami Heat lands another coveted free agent in Rashard Lewis - Miami Heat - MiamiHerald.com

Forward Rashard Lewis, an accomplished three-point shooter, took Miami’s $1.35 million minimum deal days after Ray Allen also agreed.