James, Wade reach deals with options after 3 years

Fear not, Cleveland and Miami fans. LeBron James and Dwyane Wade say they expect to be with your teams for a long time.

For now, though, four more years is all the superstars will commit to.

New deals for the class of 2003 players were announced Wednesday, the first day allowed after the NBA's moratorium on deals ended. But they aren't the big-money packages that were originally expected.

Rather than choose the five-year extensions they were eligible for that would kick in starting with the 2007-08 season, they went for three years with an option for a fourth -- and the chance to become free agents sooner and potentially make even more money.

"It was a great business decision by me," Wade said. "As a young player, going for the three-year with a fourth year is the better option."

Denver's Carmelo Anthony and Chris Bosh of Toronto, also top-five picks from the 2003 draft, were considering similar deals.

Elsewhere, the draft-night deal sending Rudy Gay to Memphis was finally completed, New Orleans added Peja Stojakovic but lost Speedy Claxton, and the Los Angeles Clippers brought back Sam Cassell but watched Vladimir Radmanovic head down the Staples Center hallway to the Lakers.

* The Grizzlies acquired and signed Gay, the eighth pick in the draft, along with Stromile Swift from the Rockets for forward Shane Battier. The trade means five of the first eight players selected in the draft have been dealt.

* Free agent Mike James signed with Minnesota.

* Dallas got Austin Croshere from Indiana for Marquis Daniels in a previously agreed-to trade. The Mavericks also signed guard Greg Buckner.

* The Clippers gave a two-year deal to Cassell, who sparked them to within a game of the Western Conference finals last season. But Radmanovic opted not to return and will try to provide a perimeter threat for Kobe Bryant and the Lakers.

* The Hornets acquired Stojakovic and cash considerations from the Pacers in exchange for the draft rights to Andrew Betts, to boost their outside shooting. Claxton, the runner-up for the NBA's sixth man award last season, left the Hornets for a four-year deal worth about $25.5 million with Atlanta.

* Utah sent guards Devin Brown, Keith McLeod and Andre Owens to Golden State for guard Derek Fisher.

* Ben Wallace, who bolted Detroit for Chicago in what was perhaps the biggest free agent signing, will be introduced today by the Bulls.