Hoops Rumors

Hoops Rumors is checking in on the 2025 offseason for all 30 NBA teams, recapping the summer’s free agent signings, trades, draft picks, departures, and more. We’ll take a look at each team’s offseason moves and consider what might still be coming before the regular season begins. Today, we’re focusing on the Washington Wizards.

Free agent signings

• Marvin Bagley III: One year, minimum salary. Signed using minimum salary exception.
• Anthony Gill: One year, minimum salary. Re-signed using minimum salary exception. Waived right to veto trade.

Trades

• Acquired the draft rights to Will Riley (No. 21 pick), the No. 43 pick in the 2025 draft, either the Heat’s or Pacers’ 2031 second-round pick (whichever is most favorable), and the Jazz’s 2032 second-round pick from the Jazz in exchange for the draft rights to Walter Clayton (No. 18 pick).
• Acquired Dillon Jones and the Rockets’ 2029 second-round pick from the Thunder in exchange for Colby Jones.
• Acquired CJ McCollum (from Pelicans), Kelly Olynyk (from Pelicans), Cam Whitmore (from Rockets), and the Bulls’ 2027 second-round pick (from Pelicans) in a three-team trade in exchange for Jordan Poole (to Pelicans), Saddiq Bey (to Pelicans), the draft rights to Micah Peavy (No. 40 pick; to Pelicans), the Bulls’ 2026 second-round pick (to Rockets), and the Kings’ 2029 second-round pick (to Rockets).
  • Note: The Wizards already controlled the Bulls’ 2027 second-round pick if it landed between 31-50. Now they’ll receive it no matter where it ends up.
• Acquired Malaki Branham, Blake Wesley, and either the Mavericks’, Thunder’s, or Sixers’ 2026 second-round pick (whichever is least favorable) from the Spurs in exchange for Kelly Olynyk.
  • Note: Wesley was subsequently bought out by the Wizards.

Draft picks

• 1-6: Tre Johnson
  • Signed to rookie scale contract (four years, $37,439,130).
• 1-21: Will Riley
  • Signed to rookie scale contract (four years, $17,220,192).
• 2-43: Jamir Watkins
  • Signed to two-way contract.

Two-way signings

• Tristan Vukcevic
  • One year, $85,300 partial guarantee (will increase to $318,218 at start of regular season).
• Jamir Watkins
  • One year, $85,300 partial guarantee (will increase to $318,218 at start of regular season).

Departed/unsigned free agents

• Malcolm Brogdon (Knicks)
• JT Thor (unsigned)

Other roster moves

• Bought out Marcus Smart (gave up $6,800,001 of $21,586,856 salary).
• Bought out Blake Wesley (gave up $1,378,870 of $4,726,328 salary).
• Waived Richaun Holmes (partially guaranteed for $250,000).
• Waived Jaylen Martin (two-way contract).

Salary cap situation

• Operating over the cap ($154.6MM) and below the luxury tax line ($187.9MM).
• Carrying approximately $156.1MM in salary.
• Hard-capped at $195,945,000.
• Full non-taxpayer mid-level exception ($14,104,000) available.
• Portion of bi-annual exception ($407,672) available.
• Three traded player exceptions available (largest worth $13,445,122).

The offseason so far

After winning 15 games in 2023/24 and 18 last season, the Wizards are in no hurry to take a significant step forward in ’25/26. In fact, a major improvement in the standings might work against the best interests of the organization in the long term, since Washington will owe its 2026 first-round pick to New York if it lands outside the top eight. Assuming that pick is inside the top eight, the Wizards will keep it and would no longer be required to give up a future first-rounder — instead, they’d send the Knicks their second-rounders in 2026 and 2027.

That first-round pick, which has landed in its protected range for each of the past three years, was originally sent to Houston as part of the John Wall/Russell Westbrook swap during the 2020 offseason before being rerouted to Oklahoma City and then to New York.

While that Wall/Westbrook trade may feel like ancient history, the traded pick involved in the deal continues to loom large over the franchise. It’s a big reason why the majority of the Wizards’ moves this summer weren’t about adding win-now help, but were instead about creating financial flexibility, taking fliers on former first-round picks, or continuing to accumulate future draft assets. Washington made four trades this offseason and each of them falls into one or more of those three categories.

For instance, the Wizards added three second-round picks to their stockpile by trading back from No. 18 to No. 21 on draft night. They picked up another second-rounder and took a shot on a recent first-round selection when they sent Colby Jones‘ non-guaranteed deal to Oklahoma City in exchange for 2024’s No. 26 overall pick Dillon Jones. And when they dealt Kelly Olynyk to San Antonio, they acquired a future second-round pick and reduced their 2025/26 team salary in the process.

The biggest trade of Washington’s summer was the one initially sending Olynyk to D.C. alongside veteran guard CJ McCollum. The agreement, which saw Jordan Poole and Saddiq Bey head to New Orleans as the Wizards and Pelicans swapped second-round picks, looked a little curious on the surface, but made a ton of sense on the cap sheet — while Poole and Bey have two guaranteed years left on their contracts, McCollum and Olynyk (as well as the players whom the Wizards eventually acquired when they flipped Olynyk to the Spurs) are on expiring deals.

That means the Wizards are now in position to create a huge chunk of cap room during the 2026 offseason. Even if they retain all their players with team options and/or non-guaranteed salaries for the 2026/27 season, they’d still only have about $70MM in salary on their books entering next year’s draft. Of course, Washington doesn’t need that cap room to pursue free agents, but the team’s relative lack of multiyear financial commitments gives the front office a ton of flexibility to take on salary in trades, during either the coming season or the summer of 2026.

That trade with the Pelicans turned into a three-team deal when the Wizards folded in a separate agreement with the Rockets — Washington sent a pair of second-round picks to Houston in exchange for 2023 first-rounder Cam Whitmore.

It was the only deal the Wizards made this summer in which they gave up more draft assets than they got back, but the price tag to take a shot on a young scorer who has some untapped potential was relatively modest. Whitmore just turned 21 in July and has averaged 22.3 points per 36 minutes during his first two NBA seasons, but there was no place for him on an increasingly deep Rockets roster. We’ll see if he can find a more permanent home in D.C.

The Wizards added two more notable youngsters to their roster in this year’s draft, using the sixth overall pick on Texas guard Tre Johnson and the 21st pick on Illinois forward Will Riley, a pair of one-and-done college players.

Washington has now made six first-round picks in the past three years, including three top-seven selections, and doesn’t yet have a clear-cut franchise player to show for it. The franchise presumably hoped to address that issue this year with the second-best lottery odds in a class headlined by Cooper Flagg and Dylan Harper, but ended up with a worst-case outcome, leapfrogged by four teams and dropping to No. 6.

As disappointing a result as that was, there’s still optimism about Johnson’s ability to become a long-term fixture in the Wizards’ backcourt. He was excellent in two Summer League games, scoring 38 points on 14-of-24 shooting in 55 minutes of action, which was a promising first impression.

As the Wizards continue to lean into their youth movement, there are fewer veterans than ever left on the roster. The club brought back Marvin Bagley III and Anthony Gill on minimum-salary contracts, and it looks like McCollum and Khris Middleton will at least start the season in Washington. But Marcus Smart was bought out, Richaun Holmes was waived, Malcolm Brogdon departed in free agency, and it’s likely just a matter of time until McCollum and Middleton (both eligible for free agency in 2026) move on as well. The Wizards’ young core should get plenty of opportunities to sink or swim in 2025/26.

Up next

The Wizards have a minor roster crunch to address for the regular season, with 15 players on guaranteed contracts and Justin Champagnie on a non-guaranteed deal. Champagnie was a pretty effective role player last season and doesn’t deserve to be the odd man out, so Washington will likely have to trade or release someone with a guaranteed salary, which shouldn’t be an issue for a team operating way below the luxury tax line.

Malaki Branham, acquired from the Spurs in the Olynyk deal, is one candidate to be waived — he averaged a career-low 9.1 minutes per game in his third NBA season in 2024/25.

It’s also not clear if Jones, who was acquired in that aforementioned trade with the Thunder, is someone Washington actually likes or if the front office just made the deal for the second-round pick that was attached to him. He looks like another potential release candidate.

The Wizards have one open two-way slot alongside second-round pick Jamir Watkins and big man Tristan Vukcevic. After undrafted rookie Kadary Richmond agreed to sign with Washington in June, St. John’s coach Rick Pitino published a social media post congratulating Richmond for his “two-way” deal, but no reporters ever confirmed that the guard was getting a two-way contract and he has yet to officially sign at all, so Pitino may have misspoke. It’s possible Richmond will be one of a few players who have a chance to compete for that two-way slot in training camp.

Setting the 15-man standard roster and filling the final two-way opening will be the main items on the Wizards’ to-do list this fall, since there are no real extension candidates on the roster — Branham is the only player eligible for a rookie scale extension, and extension-eligible veterans like McCollum and Middleton aren’t legitimate candidates for new deals.

Still, the Wizards are worth keeping an eye on as a trade facilitator. The preseason doesn’t typically feature a ton of trade activity, but there are usually at least a couple deals made, and the Wizards’ cap situation makes them a logical partner for teams looking to shed a contract or two. Washington is operating more than $30MM below the luxury tax line and still has the full non-taxpayer mid-level exception and a pair of mid-sized trade exceptions at its disposal to take on salary.