MILWAUKEE (CBS 58) -- NBA free agency begins Friday with two major bits of news surrounding the Bucks' efforts to re-tool their roster.

The team's pursuit of Sacramento Kings guard/forward Bogdan Bogdanovic appears to be over, with multiple national reports stating the Bucks are moving on from a proposed deal and that the Los Angeles Lakers are interested in acquiring the soon-to-be free agent Bogdanovic. 

Many believed earlier this week that the Bucks would acquire Bogdanovic for Donte DiVincenzo, D.J. Wilson and Ersan Ilyasova. But Bogdanovic reportedly hadn't agreed to the deal, and appears to be headed to L.A. instead.

Another former Buck is joining LeBron James and the Lakers. Wes Matthews is signing a one-year deal worth $3.6 million with Los Angeles after starting 67 games for the Bucks last season.

Also as of Friday evening, Giannis Antetokounmpo can officially sign a 'supermax' extension with the Bucks. He could earn $220 million over the next five seasons if he signs the extension, which has a December 21st deadline.