NBA report: Heat swaps Beasley to Timberwolves

The Timberwolves and Heat yesterday completed their trade that sends Michael Beasley to Minnesota for two second-round picks and cash considerations. The Heat made the move to clear cap room to re-sign Dwyane Wade and bring in Chris Bosh and LeBron James. Miami gets Minnesota's second-round picks in 2011 and 2014. Beasley, 21, averaged 14.8 points and 6.4 rebounds for the Heat last season.

Meanwhile, Udonis Haslem is staying with the Heat. Haslem signed a five-year deal worth about $20 million, more than $10 million less than he could have gotten had he accepted offers from the Dallas Mavericks or Denver Nuggets. "I would be changing my DNA if I left just for money," said Haslem, who has averaged 10.0 points and 8.1 rebounds in his seven Miami seasons.

Magic, Richardson agree

A person familiar with the negotiations says the Orlando Magic has agreed to a deal with free agent Quentin Richardson. Terms were not immediately known. Richardson, a former Knick, averaged 8.9 points and 4.9 rebounds per game while starting at small forward for Miami last season.

Fisher stays with Lakers

Derek Fisher says he's staying with the Lakers. The veteran point guard announced in a statement on his website that he'll re-sign with the Lakers. The five-time NBA champion entertained offers from other teams as a free agent, including a recent conversation with the Heat, but decided not to leave the franchise with which he has spent 11 of his 14 NBA seasons. Fisher started all 82 games last season, averaging 7.5 points and 2.5 assists.

Spurs sign Splitter

The San Antonio Spurs have signed Tiago Splitter three years after drafting the heralded big man from Spain. The 6-11 center has played in the Spanish League since being picked 28th overall by the Spurs in 2007.

Pacers sign deal on arena

Indianapolis officials and the Indiana Pacers have agreed a deal under which the team will stay at Conseco Fieldhouse the next three seasons while the city pays $10 million a year for running the arena. A spokesman for Mayor Greg Ballard says the city's Capital Improvement Board also will pay for a minimum of $3.5 million in fieldhouse improvements. Robert Vane says the Pacers will have to repay at least $30 million if they move after those three years.

- AP