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76ERS: Fired general manager and team president Billy King and replaced him with New Jersey Nets general manager Ed Stefanski .
King, who had been with the franchise since June 1997, had said he was using this season as the start of a three-year rebuilding plan. The Sixers are 5-12 and in last place in the Atlantic Division. After reaching the NBA Finals in 2001, Philadelphia has missed the postseason three of the past four years.

BOBCATS: In need of a big man, Charlotte reached an agreement on a three-year offer sheet with Cleveland's restricted free agent Anderson Varejao , giving the Cavaliers a week to match the deal or lose him.

The 6-foot-10 Varejao has been in a prolonged contract dispute with the Cavaliers, which has kept him sidelined this season.

TIMBERWOLVES: Coach Randy Wittman was preparing for back surgery and missed Tuesday night's game against the Los Angeles Lakers.
Wittman is scheduled to have surgery today.

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