Updated: January 7, 2009, 10:30 AM ET

Insider Gems: Jan. 6, 2009

John Hollinger gives us five observations for Tuesday.

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Hollinger By John Hollinger
ESPN.com
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1. The next few days will be tense ones for players on non-guaranteed contracts -- if they aren't waived by 3 p.m. ET on Wednesday, their contracts become guaranteed for the rest of the season. Already, Golden State has waived DeMarcus Nelson, the Clippers have cut loose Fred Jones and Paul Davis, and Miami has said adios to Shaun Livingston.

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