"Kobe has informed us he's going to stay with the Lakers and sign a new contract," Lakers spokesman John Black said.

The Lakers will have a new look even with Bryant remaining. Fellow superstar Shaquille O'Neal was traded to Miami the previous day for Lamar Odom, Brian Grant, Caron Butler and a first-round draft pick. Coach Phil Jackson left the Lakers after they lost in the NBA Finals to Detroit.

Karl Malone and Derek Fisher also are free agents who have attracted interest around the league.

Bryant still faces trial on felony sexual assault charges in Eagle, Colo. He has pleaded not guilty and the trial is scheduled to begin Aug. 27. If convicted, Bryant faces four years to life in prison or 20 years to life on probation, and a fine of up to $750,000.

"That's never really gone through my mind," Lakers owner Jerry Buss said of Bryant's legal issues. "I have trouble believing that won't work out well for him."

Kenyon Martin was traded by the New Jersey Nets (news) to Denver for three first-round draft choices. Martin was prepared to sign an offer sheet with the Nuggets as a restricted free agent before the trade was finalized.

Martin signed a seven-year contract, enabling the teams to complete the deal.

"I felt that the magnitude of the contract, both in its first year due to the signing bonus as well as over its duration, would seriously impair our ability to sign enough quality players," Nets president Rod Thorn said.

Incoming Nets owner Bruce Ratner does not want to pay the luxury tax, so the team let one of its two all-stars leave.

The three first-round picks include one of the Nuggets' own selections, a pick that belonged to the Clippers and another that was owned by the Philadelphia 76ers.

Manu Ginboili, the best player out of Argentina, re-signed with San Antonio, which also signed free agent guard Brent Barry.

Ginobili's deal reportedly was for six years and $52 million, while Barry's four-year deal was believed worth between $22 million and $24 million.

"Manu is a significant contributor to our program and the San Antonio community," Spurs general manager R.C. Buford said. "We are excited to have Manu in a Spurs uniform for years to come."

Stephen Jackson will spend the next six years in Indianapolis after signing a contract worth between $38 million and $44 million. He was acquired by the Pacers from Atlanta for forward Al Harrington.

"This is definitely the place where I wanted to be," said Jackson, who can play guard and forward. "Just finally being able to be a part of it, being secure, being able to take care of my family and that I have another chance to get a championship, it's an ideal situation here."

Harrington told Pacers president Larry Bird he would rather be traded than come off the bench again.

"A lot of guys that wouldn't be as excited as I am to be in Atlanta, but I feel like this is a great situation for me, for this city, for this organization, and that we're going to turn it around quickly," he said. "They have all the right things in place."

Memphis gave Shane Battier a six-year contract extension, with no terms announced. The forward averaged 8.5 points and 3.8 rebounds in 79 games last season and is seen as a team leader.

"His attributes both on and off the court epitomize what we as an organization value and look for from our players," Grizzlies president Jerry West said in a statement.