NBA summer grades: Have the Bulls lost ground?

There still are some NBA transactions waiting to touch down. Lamar Odom is waffling between the Lakers and Miami. Restricted free agents David Lee (New York) and Glen Davis (Boston) remain in limbo.

But with most of the action complete, let's go ahead and pass out summer grades, looking at the Central Division and other select teams. Any teams missing from this list didn't do much:

Bulls: No one should blame the Bulls for failing to match Detroit's $11.5-million per season offer to Ben Gordon. The question is how much they'll miss Gordon's offense.

Obviously, next season depends on Luol Deng, Kirk Hinrich and John Salmons playing well, while Derrick Rose alone should account for more wins. Meanwhile, Carlos Boozer is out there for the taking.

Grade: C, for now.

Cleveland: The Cavaliers gave up practically nothing to get Shaquille O'Neal. But the move could backfire if Shaq, 37, gums up the offense.

Anthony Parker and Jamario Moon give the Cavs some functional depth, which is good. An underrated loss might be assistant John Kuester, now head coach in Detroit, credited by some for last year's more fluid Cleveland offense.

Grade: B

Detroit: The Pistons were active, but did Joe Dumars spend his money wisely?

First of all, he gave $58 million to Ben Gordon, who will back up Richard Hamilton unless something changes. Ex-Milwaukee PF Charlie Villanueva has talent, but there must be some reason he has been let go by two teams. PF Chris Wilcox has been nothing but average.

Grade: B-

Indiana: The Pacers added Tyler Hansbrough and ex-Denver guard Dahntay Jones, while subtracting Jarrett Jack and Marquis Daniels. A shrug seems too strong a reaction here.

Grade: C

Milwaukee: The Bucks are clearly in money-saving mode. They gave away Richard Jefferson, let Charlie Villanueva walk, and so far haven't done anything with free-agent PG Ramon Sessions.

Grade: D

Boston: Adding Rasheed Wallace sounds good in theory, but the King of T's will be 35 on opening night and stopped doing the dirty work in Detroit a couple of years ago.

Glen Davis is still in limbo, but really, Kevin Garnett's health means everything to next year's aging Celtics.

Grade: B

Orlando: Hard to see how having Vince Carter instead of Hedo Turkoglu and Courtney Lee is going to make the Magic better. Ex-Dallas PF Brandon Bass was a nice pickup.

Grade C-

Toronto: Signing Hedo Turkoglu was a coup, but will he help keep Chris Bosh in Canada long term?

Grade: A-

Miami: So far, the Heat has been sitting on next year's cap room but could make a huge splash by convincing Lamar Odom to sign or swapping Michael Beasley for Carlos Boozer.

Grade: Incomplete

Dallas: Considering the Mavs had no cap room and Toronto wouldn't take any salary in return, Dallas did a nice job snagging Shawn Marion at a reasonable price.

The Mavs also added ex-Bull Drew Gooden for $4.5 million. That's seven teams in eight years for Gooden, if you're scoring at home.

Grade: A

San Antonio: The Spurs picked up Richard Jefferson and Antonio McDyess and grabbed Pitt's DeJuan Blair in the second round of the draft. Maybe Tim Duncan can win one more title.

Grade: A-

L.A. Lakers: Phil Jackson obviously feels he can coach anyone and will be put to the test by Ron Artest. Losing Lamar Odom would hurt, though, especially if Andrew Bynum stays injury-prone. Grade: C

Portland: The Blazers whiffed on Hedo Turkoglu and Utah's Paul Millsap, then settled for ex-Sixers PG Andre Miller. He's still playing well (16.3 points, 6.5 assists last season) but will turn 34 before the playoffs start.

Grade: B

Houston: Without Yao Ming next season, the Rockets might as well shoot for the lottery.

Grade: D

Memphis: The Grizzlies didn't want to pay for Pau Gasol a couple of years ago, which is understandable with a losing team and half-empty arena.

Then they go out and trade for Zach Randolph, who will make the same $33 million over the next two years as Gasol. Memphis also cut PF Hakim Warrick (11.6 ppg) loose this week, rescinding a qualifying offer.

The Grizzlies may go from one of the most promising young teams to the league's most toxic chemistry in one year.

Grade: F