While things have finally quieted down a bit, there are always some interesting developments around the league so we put together this brief synopsis of some of the more relevant news and notes for this week in the NBA.

The month of July finally comes to a close in what has been an extremely active start to the NBA offseason. Between the effects of the college draft, the free agency signing period, and numerous trades, the entire landscape of the league has changed with teams gearing-up for a run at next year’s world title.

US Team routs France in Olympic opener

Kobe BryantThe 2012 Summer Olympic Games in London got underway this weekend and the US Men’s basketball team behind the strong play of Oklahoma City’s Kevin Durant rolled-over France 98-71 in its opener. It is no wonder that Bovada has the US Team as a ridiculous 1/12 favorite to win the gold medal with players such as Durant, LeBron James, and Kobe Bryant headlining a roster filled with NBA All-Stars.

The most interesting story surrounding this team as it prepared for this year’s Summer Games, was whether or not it would have been able to beat the original US ‘Dream Team’ that won the gold in the 1992 Summer Games in Barcelona. That team featured the likes of Michael Jordan, Larry Bird, Magic Johnson, and Charles Barkley. 

The US will be back in action this Tuesday against Tunisia in its second game in the preliminary round of the tournament.

Vaughn set to take over as Orlando’s new head coach

The Orlando Magic have scheduled a Monday afternoon press conference to announce that Jacque Vaughn has been selected to replace the fired Stan Van Gundy as their new head coach for the 2012/2013 season. This comes as somewhat of a shock considering that the former NBA point guard has minimal experience coaching having spent the last two seasons as an assistant in San Antonio under George Popovich.

This could be a strong signal that the Magic are more than ready to move on from the whole Dwight Howard saga and looking to make a brand new start at rebuilding the team from the ground-up around a core of younger players. There are no new developments in its efforts to trade Howard, but you can fully expect Orlando to step things up in the coming weeks to not only unload its disgruntled center but some other high-priced players as well.

Miami and Boston headline an opening-day tripleheader

The NBA released its schedule for the 2012/2013 season that will return to a full 82-game slate starting on Oct. 30 with a tripleheader that features Boston at Miami, Cleveland at Washington, and nightcap showdown between Dallas and the Los Angeles Lakers at the Staples Center.

Not only do the Heat have plans to raise their championship banner from last season’s world title before the start of their game against the Celtics, you can rest assured that they will give Ray Allen ample time on the court to try and pick apart his former team during the game. The other highlight of opening day will be Steve Nash’s debut in a Lakers’ uniform as Los Angeles begins its quest to get back on top in the Western Conference.

Two nights later on Nov.1, the new-look Brooklyn Nets will get an early chance to claim bragging rights as the best team in the Big Apple when they take-on the New York Knicks in their new home at the Barclay’s Center. Later that night, the San Antonio Spurs open their regular season by playing host to the Oklahoma City Thunder in a rematch of last season’s Western Conference Finals.