Due to being tied up I didn't get to do a liveblog of the NBA draft, so instead here is my attempt at reacting to Round 1 of Unrestricted Free Agency.
ATLANTIC DIVISION:
BOSTON CELTICS - The biggest story of free agency, for better or for worse. The Celtics were basically capped out coming into free agency, and had declined the option on Carlos Boozer so they could re-sign him long-term this off-season (when they scraped up enough points to pay their luxury tax) instead of next off-season (when they almost certainly wouldn't have been able to). Unfortunately for them, Boozer left a supermax - and almost $40 million - on the table to get out of Beantown and head West for Minnesota to team up with Chris Bosh. The Celtics did manage to turn their sliver of cap space into Jose Calderon, who filled a need they had at point guard, but I assume they figured Boozer would have been back as well.
GRADE: Disaster. The Celtics were probably planning on retooling as luxury tax payments kept piling up, but probably assumed they would be retooling around a Hunter-Boozer frontcourt. The only good news here is that they have an outside chance of getting under the cap this season and stopping that huge repeater tax.
NEW JERSEY NETS - They didn't make a big, flashy signing, but the Nets did a nice job picking up two very versatile pieces in Gerald Wallace and Lamar Odom, forwards that are not really scoring threats but are athletic and can play multiple positions. The Nets look lke they have shored up their rotation pretty nicely without having to spend big to do it.
GRADE: Underrated. The Nets don't have any obvious lineup holes after these pickups.
MIAMI HEAT - They struck out in Round One, but since they only had minimum contracts to offer, were probably playing with one hand behind their back. They're probably looking for a starting quality 4 or 5 (so they can let Jefferson play the other position) and backup wings. Not sure if they can find a starter but they should still have a chance to fill their backup wing spots.
GRADE: Incomplete. After a nice run last season, some sort of reinforcements would have been nice.
NEW YORK KNICKS - Sometimes it's difficult to get "fit signings" in Free Agency, but the Knicks pulled it off. they needed another big to add to Anderson Varajeo and a point guard - and landed both in Kevin Garnett and Earl Watson. Garnett is getting up there in years, but can still play and has a nice all around game. Watson is a solid, if unspectacular point guard, but with a team featuring scorers like Carmelo Anthony and Stephen Jackson, all you want is a point guard who will give them the ball and get out of the way.
GRADE: Satisfactory. They might have overpaid slightly for Garnett, but in terms of value, flexibility, and fit, it's hard to find anything else wrong with these signings.
ORLANDO MAGIC - Signed no one. Still have a decent chunk of cap space to work with (8 million) but may have to use that to overpay mediocre talent. Could probably use a true PF if they can find one. Of course, to find one, you have to actually look.
GRADE: Unsatisfactory. Players don't bid for you.
PHILADELPHIA 76ERS - The Sixers had a very quiet free agency day, inking a couple of backup point guards on the back end of their careers. Then came the Chandler trade. The Sixers had made it no secret they were in the market for a big, and boy did they get one. Chandler immediately becomes the team's defensive anchor and with an undersized backcourt - Ellis is 6-3 and Robinson is 5-9 - they're going to need him.
GRADE: Telegraphed. Chandler-to-the-Sixers was the chatter even before Free Agents could officially sign, but it made total sense for the Sixers after they locked into Nate and Monta in RFA.
WASHINGTON WIZARDS - You kind of wonder if Xist might have decided not to match Granger in RFA if he knew he'd be picking up both Maggette and Ricky Davis on the cheap in UFA. The Wizards now have surprising depth on the wing; I expect at least one of those players will be out the door before to long because there's no way Granger, Maggette, Roy, and Davis will all get enough minutes.
GRADE: Surprising. But in a good way. The question will now be what the Wizards will do on Dec 15 to make the pieces fit a little better, but they have a pretty nice raw talent base.
Other divisions as I write them up.