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CLEVELAND — The Cleveland Cavaliers are taking a chance on Andrew Bynum and his creaky knees.

The free-agent center, who never played one second with Philadelphia last season because of knee injuries, agreed to terms Wednesday on a two-year contract with the Cavs, several media outlets reported.

The Cavaliers are only guaranteeing $6 million and one year to Bynum, the reports said. The team has a $12 million option on the second year and the contract could reach $24 million if Bynum hits performance bonuses.

In Cleveland, Bynum will be reunited with Cavs coach Mike Brown. The two spent one season together with the Los Angeles Lakers, and Bynum had his most productive year as a pro, averaging 18.7 points and 11.8 rebounds.

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Around the league, numerous trades and free-agent deals became official. Paul Millsap is headed to Atlanta. The Golden State Warriors acquired Andre Iguodala. Minnesota traded former Sonic guard Luke Ridnour to Milwaukee.

The Los Angeles Clippers never had to look beyond their top target, with Chris Paul committing to stay on the first day of free agency. They also added Darren Collison, Jared Dudley and J.J. Redick to a team that won the Pacific Division last season.

Atlanta missed out on Dwight Howard, and forward Josh Smith left for a $54 million, four-year deal with Detroit, but the Hawks bounced back by giving Millsap a two-year, $19 million contract.

The Jazz got involved in the deal that landed Iguodala with the Warriors, who gave him a four-year, $48 million deal last week. Golden State cleared more than $24 million by sending Richard Jefferson, Andris Biedrins and Brandon Rush to the Jazz along with four draft picks and cash. Denver received guard Randy Foye from the Jazz.

Chris Andersen signed a $1.7 million, one-year deal to stay with the Miami Heat. Indiana re-signed power forward David West and added C.J. Watson as a backup point guard, while the Chicago Bulls improved their outside shooting by signing Mike Dunleavy.

The New York Knicks hope they did, too, with the acquisition of former No. 1 overall pick Andrea Bargnani from Toronto.

Portland formally signed free-agent small forward Dorell Wright and acquired center Robin Lopez and forward Thomas Robinson in trades.

Restricted free-agent guard Jeff Teague plans to sign a four-year, $32 million offer sheet with the Bucks, reported.

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