Robert Horry, one of the NBA's best clutch 3-point shooters and the star of Game 5 of the NBA Finals, has signed a new contract to remain with the league champion San Antonio Spurs.
The Spurs also announced Tuesday the signing of Argentine forward Fabricio Oberto, who has played in Europe the past seven years.
The 6-foot-10 Oberto played with Spurs guard Manu Ginobili on the Argentine team that won the Olympic gold medal in Athens last year. He played five pro seasons in Argentina before he joined Olympiakos Pireus in Greece in 1998. Since 1999 he has played in Spain, first for Tau Ceramica and then Pamesa Valencia. He averaged 14.2 points and 7.3 rebounds for Pamesa Valencia in 2004-05 and led the Spanish League by shooting 65.4 percent from the floor.
DANIELS JOINS WIZARDS: After spending a nerve-racking summer in free agency, veteran guard Antonio Daniels formally joined the Washington Wizards on Tuesday — just one day before his wife is due with the couple's first child.
"I haven't slept for a while," Daniels said. "Now, I'm really not going to sleep for a while."
The former Seattle guard made a whirlwind stop at the MCI Center, signing a five-year, $30 million contract before flying home to San Antonio.
The Wizards have lost free agent guards Larry Hughes to Cleveland and Juan Dixon to Portland, replacing them with Caron Butler, Chucky Atkins and Daniels. Butler and Atkins will come from the Los Angeles Lakers in a sign-and-trade deal for disgruntled former No. 1 overall pick Kwame Brown. Forward Michael Ruffin was also re-signed.
NEW ARENA NAME: The Cavaliers will be playing next season at "The Q." Gund Arena will become Quicken Loans Arena, named after the online mortgage giant that owner Dan Gilbert founded, the team said Tuesday. The Cavaliers did not disclose the cost of the naming rights.
The team plans to emphasize the nickname "The Q" and is developing logos and signs for the downtown venue. The Cavaliers did not say when the name change would become official.