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Free Agency Notes: Rockets, Ty. Jones, Heat, Raptors, More

June 30th, 2025 at 1:07pm CST by Rory Maher

The Rockets are diligently working secure meetings with Dorian Finney-Smith, Nickeil Alexander-Walker and Luke Kennard when free agency gets underway at 5:00 pm CT, according to Kelly Iko of The Athletic (Twitter link).

Houston is viewed as the frontrunner to land Finney-Smith after the veteran forward declined his $15.4MM player option and didn’t immediately work out a new deal with the Lakers. Marc Stein has reported multiple times that the Rockets are prepared to offer the 32-year-old a four-year deal worth most of the non-taxpayer mid-level exception.

Alexander-Walker, meanwhile, is expected to leave Minnesota after the Timberwolves agreed to lucrative new contracts with Naz Reid and Julius Randle. The Hawks have been rumored as the favorite to acquire the versatile guard, but several teams are said to be interested in his services.

Atlanta is also rumored to have interest in Kennard, who is the third-most accurate three-point shooter in NBA history at 43.8%. He has spent the past two-plus seasons in Memphis, but is expected to leave the Grizzlies in free agency.

Here are a few more free agency-related notes and rumors:

  • The Knicks could be a suitor for point guard Tyus Jones, per Ian Begley of SNY.tv (Twitter video link). “Tyus Jones is a name that I’m keeping an eye on,” Begley said. “Last summer, there was mutual interest…Jones was even willing to take a pay cut to come to New York. He ended up choosing Phoenix thinking it would be a very good situation for him — didn’t work out, so he’s back on the market.” New York can likely only offer the taxpayer mid-level exception or the veteran’s minimum, Begley notes.
  • The Magic also expressed prior interest in Tyus Jones and he could be a good fit with Orlando depending on how much money he’s seeking in free agency, according to Josh Robbins of The Athletic. If it’s not Jones, the Magic will likely look to add a different veteran point guard to improve their shooting and offense, Robbins writes.
  • Anthony Chiang of The Miami Herald released a guide for some of the options the Heat could explore in free agency. According to Chiang, guard Dru Smith is expected to return to Miami on a two-way deal after he was issued a two-way qualifying offer, but he has yet to accept that QO. Smith was on the verge of being promoted to a standard contract last season before suffering a torn Achilles tendon in late December.
  • As of now, Michael Grange of Sportsnet.ca expects the Raptors to be “fairly quiet” in free agency (Twitter link). Toronto will likely fill out the end of its roster with minimum-salary deals. A veteran extension for starting center Jakob Poeltl remains a possibility as well, Grange adds.
  • Zach Kram of ESPN.com lists seven “underrated players” who are about to hit the open market, including Chris Boucher, De’Anthony Melton and Gary Trent Jr.
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Lakers Expect To Lose Finney-Smith, Add Free Agent Center

June 30th, 2025 at 11:41am CST by Arthur Hill

The Lakers are preparing to lose free agent forward Dorian Finney-Smith, who has received strong interest from the Rockets, but his departure will open up a salary slot in their pursuit of a center, sources tell Dan Woike of The Athletic.

The Bucks‘ Brook Lopez and the Hawks‘ Clint Capela are among their targets, according to Woike, along with Deandre Ayton, who reached a buyout agreement with the Trail Blazers on Sunday. L.A. will have the $14.1MM non-taxpayer mid-level exception available as it goes shopping for a big man.

Woike hears that the Lakers want to preserve their future cap space in hopes of landing another star to pair with Luka Doncic, possibly next summer, so any deal with a center might be short term.

Lopez played for the Lakers during the 2017/18 season and has frequently been mentioned as a possibility to return. The 37-year-old is likely the best outside shooter on the market, connecting at 37.3% this season while averaging 13.0 points, 5.0 rebounds and 1.8 assists in 80 games.

Capela, 31, would bring more of a shot-blocking presence. He has been one of the league’s top rebounders, especially on the offensive glass, since coming to Atlanta in 2020, but his numbers were down across the board this season as his playing time declined to 21.4 minutes per night.

Ayton missed more than half the season due to a calf strain, but he’s only 26 and has put up good numbers when healthy throughout his career. The Lakers wouldn’t be able to reach a deal with Ayton until he completes the waiver process.

A source tells Woike that L.A. isn’t making calls to determine Austin Reaves‘ trade value after he turned down a four-year, $89MM extension offer. The Lakers still consider Reaves to be part of the future, per Woike, and expect to sign him to a larger deal when he becomes eligible.

As for Finney-Smith, Marc Stein – who previously identified the Rockets as a leading suitor for the veteran forward – reiterates (via Twitter) that the team is believed to readying a four-year contract offer for him. That offer is expected to be worth a significant portion of the non-taxpayer mid-level exception.

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Scotto’s Latest: Alexander-Walker, Richards, Capela, Kennard, Shamet

June 30th, 2025 at 10:34am CST by Arthur Hill

Echoing multiple reports, Michael Scotto of HoopsHype confirms that the Hawks and Pistons are considered to be the front-runners for Timberwolves guard Nickeil Alexander-Walker, but he lists other contenders as well. League sources tell Scotto that the Clippers and Raptors remain in pursuit of Alexander-Walker along with other teams. He adds that the Magic were also interested before trading for Desmond Bane.

Toronto may be a surprise considering its position near the bottom of the standings this year, but the Raptors are reportedly determined to make a quick turnaround. Scotto notes that Alexander-Walker is a Toronto native and the franchise has a history of bringing in Canadian players, with four on the roster this season.

Scotto talked with several executives around the league who expect Alexander-Walker to sign for at least the $14.1MM non-taxpayer mid-level exception. League sources told Scotto they don’t expect him to return to the Wolves after they reached new deals with Naz Reid and Julius Randle.

Scotto shares more rumors as the start of free agency draws near:

  • Center Nick Richards appears to be a trade candidate after the Suns drafted Khaman Maluach and agreed to acquire Mark Williams from Charlotte. Richards’ $5MM contract for next season became fully guaranteed on Sunday, and Scotto hears from league sources that the Knicks, Pacers and Lakers are among the teams with interest.
  • Clint Capela isn’t expected to return to the Hawks in the wake of the Kristaps Porzingis deal, and Scotto lists the Clippers, Lakers and Spurs as teams to watch for the free agent center.
  • Sources tell Scotto that Luke Kennard is likely to move on from the Grizzlies. The 29-year-old guard is one of the league’s top three-point shooters.
  • The Knicks would like to keep free agent guard Landry Shamet, but he’s being eyed by several contending teams, Scotto adds.
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Hawks Considered Favorites For Nickeil Alexander-Walker

June 30th, 2025 at 7:56am CST by Arthur Hill

Heading into the start of free agency, rival teams view the Hawks as the favorites to land Nickeil Alexander-Walker, likely in a sign-and-trade with the Timberwolves, according to Marc Stein and Jake Fischer of The Stein Line (Substack link). This echoes a report on Sunday from Grant Afseth of RG.

Atlanta would be able to absorb Alexander-Walker’s new salary into the $25.3MM traded player exception it created in last summer’s Dejounte Murray deal.

Alexander-Walker is a strong two-way contributor who would bring a valuable element to an emerging Hawks team. The 26-year-old shooting guard is among the league’s top three-and-D players and connected at 38.1% from beyond the arc this season.

His expected move to Atlanta will have ripple effects on at least two other teams, Stein and Fischer add. The Pistons, who have also been considered contenders for Alexander-Walker, will turn their attention to signing Hawks free agent forward Caris LeVert, who had a productive half season off the bench after being acquired from Cleveland in February. Afseth also mentioned Detroit as a potential favorite for in LeVert in the wake of gambling allegations against Malik Beasley.

As Stein and Fischer have reported before, the Kings are working on a deal with Dennis Schröder to take over as their starting point guard. They cite projections that his new contract could approach $30MM over two years, which likely means he would receive the team’s non-taxpayer midlevel exception, which totals up to about $28.9MM over two seasons. Sources tell Stein and Fischer that Sacramento is also in the market for a second point guard to back up Schröder, possibly Russell Westbrook or Malcolm Brogdon.

The Pistons’ pursuit of a shooter to replace Beasley could involve Duncan Robinson, who opted out of his contract with the Heat on Sunday. Sources tell Stein and Fischer that Robinson made his decision with the expectation that he’ll get a longer deal with Miami or that the team will work with him on a sign-and-trade.

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Hawks To Decline Option On Dominick Barlow

June 29th, 2025 at 4:13pm CST by Eli Cohen

The Hawks are declining their team option on center Dominick Barlow, ESPN’s Shams Charania reports (via Twitter).

Barlow’s option was for $2.2MM. The 22-year-old 6’9″ big man will become an unrestricted free agent with the move.

Barlow played 35 games with the Hawks this season after spending his first two years with the Spurs. He averaged 4.2 points and 2.4 rebounds for the Hawks in 10.7 minutes a night, numbers that are basically in line with his career averages, but he failed to carve out a real role for himself.

The Overtime Elite alumnus has performed well in the G League, but is still searching for a long-term NBA spot after the Spurs opted not to keep him last summer.

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Pistons Eyeing LeVert, Alexander-Walker Amid Beasley Gambling Allegations

June 29th, 2025 at 12:40pm CST by Dana Gauruder

Amid a probe by the U.S. District Attorney’s office into alleged gambling activities by Pistons free agent guard Malik Beasley, Detroit is mulling a different approach this offseason, Grant Afseth reports in an RG.org story.

Talks between the Pistons and Beasley have stalled, despite previous momentum on a multiyear deal, according to Afseth’s sources. Beasley, who was one of the league’s premier three-point shooters and reserves this past season, had been in “serious talks” on a three-year, $42MM contract to remain in Detroit, according to ESPN’s Shams Charania.

Along with the gambling allegations, Beasley is also dealing with lawsuit by his former agent, Daniel Hazan, over a financial dispute tied to a marketing advance, according to Afseth.

The Pistons are gauging the trade market on Simone Fontecchio, who has an expiring $8.3MM contract, Michael Scotto of HoopsHype tweets. A Fontecchio trade could allow the Pistons to open up $24MM in cap space if they lose two of their other top free agents, Dennis Schröder and Tim Hardaway Jr.

Opening up that cap room would help the Pistons pursue two other free agents they like — the Timberwolves’ Nickeil Alexander-Walker and the Hawks’ Caris LeVert. However, the Hawks are also pursuing Alexander-Walker and exploring a possibility of retaining LeVert. Afseth hears that the Hawks are the favorite to land the Minnesota free agent, while the Pistons are trending toward being the favorite to land LeVert. Atlanta is also among the teams in the mix for Grizzlies guard Luke Kennard.

Pistons president of basketball operations Trajan Langdon has a history with LeVert, Afseth notes (Twitter link). Langdon served as assistant GM for the Nets in 2016 when they drafted LeVert.

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Stein’s Latest: NAW, Schröder, Jerome, Grimes, Kornet, Nuggets

June 29th, 2025 at 10:32am CST by Luke Adams

The Pistons and the Hawks have been described as the two best bets to sign Nickeil Alexander-Walker away from the Timberwolves when free agency gets underway, according to Marc Stein of The Stein Line (Substack link).

Both Detroit and Atlanta have previously been reported as potential suitors for Alexander-Walker, along with teams like the Clippers and Magic. The expectation is that he’ll command offers in the range of the full non-taxpayer mid-level exception, which will start at a projected $14.1MM. He might even end up getting more than that, tweets Jon Krawczynski of The Athletic.

While Minnesota has expressed a desire to retain Alexander-Walker, the club has already committed to Naz Reid on a lucrative new five-year deal and is expected to retain Julius Randle as well. Re-signing Alexander-Walker to a market-value contract would likely send the Wolves’ team salary soaring beyond the second tax apron.

As for the Pistons, there has been consistent reporting this week indicating that their free agent guard Dennis Schröder may end up signing with the Kings. While Schröder didn’t exactly confirm that this weekend during a Twitch stream, he suggested he’s unlikely to return to Detroit.

“I want to stay in Detroit for sure, but Detroit ain’t waiting for me, I can tell you that much,” Schröder said (Twitter video link). “Detroit ain’t waiting for me.”

Here’s more from Stein:

  • The Hornets and Grizzlies have been consistently mentioned as teams expected to pursue free agent guard Ty Jerome, according to Stein. Reporting earlier today indicated that Utah also may be in the mix for the Sixth Man of the Year finalist, who is now considered a “lock” to leave the Cavaliers, per Stein.
  • Sixers restricted free agent Quentin Grimes is expected to land a starting salary of at least $16MM, Stein reports. Assuming he gets that offer from Philadelphia, it would be enough to outbid any rival suitors that might be willing to give him the full non-taxpayer mid-level exception.
  • The Clippers, who are in the market for a center to back up Ivica Zubac, are considered a team to watch for free agent big man Luke Kornet, writes Stein.
  • The Nuggets, who are eyeing potential assistant coaches for David Adelman‘s staff, have been granted permission to interview Mavericks assistant Jared Dudley and have also exhibited “strong” interest in former NBA guard J.J. Barea, per Stein (Twitter links). Barea had been coaching the Guaynabo Mets in his native Puerto Rico over the past couple years before being let go last month.
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Suns’ Gillepsie, Lakers’ Koloko Among Two-Way Players Receiving QOs

June 29th, 2025 at 8:59am CST by Luke Adams

A series of players who finished the 2024/25 season on two-way contracts have received qualifying offers from their respective teams, making them free agents, according to Keith Smith of Spotrac. Those players are as follows (all links go to Twitter):

In each case, the player’s qualifying offer is equivalent to another one-year, two-way deal, with a small portion (approximately $85K) guaranteed.

While a rival team could technically sign any of these players to an offer sheet during free agency, we essentially never see that happen with two-way free agents. Most of them end up either accepting their two-way QOs or agreeing to new standard contracts with their current teams.

Gillespie, who turned 26 on Wednesday, is among the players who made a strong case for a promotion to a standard contract this past season. He averaged 5.9 points, 2.4 assists, and 2.4 rebounds in 14.0 minutes per game for Phoenix across 33 appearances (nine starts) and made 43.3% of his three-point tries.

Koloko (2.4 PPG and 2.5 RPG in 37 games), Vukcevic (9.4 PPG, 3.7 RPG, and .496/.373/.776 shooting in 35 games), and Wallace (5.4 PPG and 2.6 APG in 31 games) also played rotation minutes for their respective clubs in 2024/25.

Sunday is the deadline for teams to make qualifying offers to players who are eligible for restricted free agency.

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And-Ones: 2025 Draft Grades, 2026 Class, France, Gabriel

June 28th, 2025 at 10:04am CST by Earnest Marshall

Five teams earned ‘A’ grades on Sam Vecenie’s post-draft report card for The Athletic, including four teams who had picks in the top six. The fifth team to earn an A was the Hawks, primarily for landing an unprotected 2026 first-round pick from the Pelicans to drop 10 spots in the middle of the first round.

Another 18 teams earned ‘B-‘ to ‘B+’ grades, meaning they mostly met or exceeded the value expected at their respective draft slots. Multiple clubs who only had second-round picks, like the Cavaliers and Warriors, found themselves in this tier. A few teams who ended up landing players who slid from pre-draft projections also ended up in this group, with the Jazz getting Ace Bailey at No. 5, the Heat landing Kasparas Jakucionis at No. 20 and the Thunder getting Thomas Sorber at No. 15.

That left five teams to earn a mark of ‘C’ or lower from Vecenie (Houston and Denver did not make any selections). The Pelicans were marked down for the haul they gave up to move up from No. 23 to No. 13 and select Derik Queen. The Nets were questioned for making three selections – Egor Demin, Nolan Traore and Ben Saraf – with positional overlap, while the Knicks earned a middling grade for selecting a stash player who may not make it to the league.

We have more from around the basketball world:

  • The 2026 draft looks to be loaded on paper, with a strong blend of returners who would have been drafted this year and high-level incoming talent. In ESPN’s first full 2026 mock draft, Jonathan Givony and Jeremy Woo have Darryn Peterson of Kansas as the No. 1 overall pick. A.J. Dybantsa (BYU), Cameron Boozer (Duke), Nate Ament (Tennessee) and Mikel Brown Jr. (Louisville) round out their top five. Among returning college players, Jayden Quaintance (No. 6, Kentucky) and Yaxel Lendeborg (No. 14, Michigan) are the highest-ranking.
  • Jonathan Wasserman of Bleacher Report‘s top three looks identical to ESPN’s, but he has Arizona’s Koa Peat at No. 4 in his first 2026 mock draft. Another significant difference between the two boards is Baylor wing Tounde Yessoufou‘s spot — Wasserman has him at No. 6, but ESPN places him at No. 23.
  • France has named its 18-man preliminary roster for EuroBasket 2025, per the team (Twitter link). Bilal Coulibaly, Moussa Diabate, Ousmane Dieng, Zaccharie Risacher, Alex Sarr and Guerschon Yabusele are the current NBA players on the roster. Former NBAers on the team include Timothe Luwawu-Cabarrot, Frank Ntilikina and Theo Maledon, among others.
  • Former NBA player Wenyen Gabriel is leaving Panathinaikos to sign with Bayern Munich in Germany, according to Donatas Urbonas of BasketNews. Gabriel played his first EuroLeague season in 2024/25, averaging 6.0 points per game, and will remain in the league by signing with Bayern. The 6’9″ big man played 150 NBA games from 2019-24 across stints with the Lakers, Pelicans, Trail Blazers, Kings and others. He averaged 4.4 PPG and 3.4 RPG for his career.
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Southeast Notes: Jakucionis, Ware, Newell, White, Richardson, Penda

June 28th, 2025 at 8:24am CST by Earnest Marshall

New Heat guard Kasparas Jakucionis declined to conduct a pre-draft workout for the Heat because he thought he’d be off the board by the time they picked at No. 20, according to the Miami Herald’s Anthony Chiang. Miami also didn’t think Jakucionis, ranked in the top 10 on several big boards, would be available to them.

“We see tremendous potential with Kas,” Heat vice president of basketball operations and assistant general manager Adam Simon said. “You’re talking about a 6-5 [guard] with a plus-three [pointer], good athlete but with a high IQ. So if you combine all those things with a work ethic, there’s no reason why you can’t mold him into a very good NBA player. I think that’s why we were attracted to take him.”

The 6’5″ guard averaged 15.0 points, 5.7 rebounds and 4.7 assists per game in his first and only season at Illinois. He’ll serve as a lead play-maker and help assert Bam Adebayo and Kel’el Ware as lob threats and roll men. Jakucionis did average 3.7 turnovers per game last year, but the Heat downplayed concerns about that figure.

“Certainly the numbers are higher than you want, but he’s high usage and he’s processing things,” Simon said. “The turnovers were high, certainly. But I think they’re turnovers that you can work with. I think those are correctable, they’re teachable to see the game. But if you just watched all his film, he’s making good reads out there, he’s making plays.”

We have more from the Southeast Division:

  • The Heat are bullish on the future of Ware and this offseason is reflecting that, Chiang writes in another story. Ware was kept essentially off limits in Kevin Durant trade talks, and Jakucionis has the makings of a long-term running mate for the big man. “We’re excited about his growth, we really are,” franchise legend and current Heat executive Alonzo Mourning said of Ware. “This summer I’ve already seen him getting better in his workouts. He doesn’t have to be here, this is his time off. But that kind of speaks volumes that he has kind of blocked out all of the distractions as a kid.“
  • Former Georgia forward Asa Newell was ecstatic to land with his hometown Hawks in the draft, per Lauren L. Williams of the Atlanta Journal-Constitution. “I knew deep in my heart that I really wanted to go to the Hawks, and hearing about the trades, and me and DQ [Derik Queen] basically got traded for each other, it was pretty cool,” Newell said. “So that’s gonna be a fun matchup, for sure. But it was just like, ‘Wow.’ My heart was beating so fast when the camera came to my table, and I just, I was just so happy, especially getting dropped into a great organization.”
  • Australian forward Jack White, who previously played 21 games in the NBA with the Nuggets and Grizzlies from 2022-24, will work out for the Hawks and play with them in Summer League, according to ESPN’s Olgun Uluc (Twitter link). Uluc writes that an NBA return for White is a possibility.
  • The Magic drafted Jase Richardson and Noah Penda, targeting two players they valued for their character, Jason Beede of the Orlando Sentinel writes in a subscriber-only story. “The exciting part for us as always, as you guys know, we look for the person before the player, and we feel that these two young guys have our Magic DNA,” president of basketball operations Jeff Weltman said. “They’re about others and that reflects itself on the court.” According to Beede, Penda was disappointed to not hear his name called in the first round but is excited about landing with the Magic, who traded four seconds to move up to get him.
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