Knicks Hire Mike Brown As Head Coach
July 7: The Knicks have officially named Brown their head coach, issuing a press release to confirm the news.
“After a thorough and extensive search process, we are pleased to announce Mike Brown as the head coach of the New York Knicks,” team president Leon Rose said in a statement. “Mike has coached on the biggest stages in our sport and brings championship pedigree to our organization. His experience leading the bench during the NBA Finals, winning four titles as an assistant coach, and his ability to grow and develop players will all help us as we aim to bring a championship to New York for our fans.”
“I would like to welcome Mike Brown to New York and the Knicks organization,” Knicks owner James Dolan added in a statement of his own. “Leon and our staff ran a thorough and thoughtful process that led our organization to Mike, and I’m pleased to see him on the sideline for us next season.”
As we relayed on Saturday, Brown has reportedly signed a four-year contract worth an estimated $40MM.
July 2: The Knicks are expected to hire Mike Brown as their new head coach, reports Shams Charania of ESPN (Twitter link). NBA insider Chris Haynes (Twitter link) confirms Brown has been offered the job and says the two sides are working “expeditiously” on finalizing the terms of a contract.
Brown, who began his coaching career as an assistant with the Wizards, Spurs, and Pacers, has since held head coaching positions with the Cavaliers (twice), Lakers, and Kings, as well as spending six years on the Warriors’ staff as Steve Kerr‘s top assistant.
He holds a career regular season record of 454-304 (.599), with a 50-40 (.556) mark in the postseason.
A Coach of the Year in Cleveland in 2009 and again in Sacramento in 2023, Brown helped the Kings snap a 16-year playoff drought two seasons ago, but after the team missed the playoffs in 2024 and got off to a slow start this past fall, he was let go and replaced with Doug Christie.
The Knicks’ decision to hire Brown caps off an eventful head coaching search that began with the team requesting permission to speak to several coaches already under contract with teams. The Mavericks (Jason Kidd), Timberwolves (Chris Finch), Rockets (Ime Udoka), Hawks (Quin Snyder), and Bulls (Billy Donovan) all declined the Knicks’ requests, prompting the club to turn to candidates who didn’t currently hold head coaching jobs.
Brown was one of at least four candidates interviewed by the Knicks, along with Taylor Jenkins, James Borrego, and Micah Nori. The team also reached out to South Carolina’s Dawn Staley to discuss the job, though it’s unclear if she had a formal interview.
Brown had a second interview that included team owner James Dolan on Tuesday, with reporting later in the day indicating he was the frontrunner for the job. He was the only candidate confirmed to get a second meeting.
In his new role, Brown will be tasked with helping a Knicks team that advanced to the conference finals this spring make it over the hump and win its first championship since 1973. He’ll take over a roster headlined by All-Stars Jalen Brunson and Karl-Anthony Towns.
Timberwolves Sign Joan Beringer To Rookie Deal
The Timberwolves have officially signed first-round pick Joan Beringer to his rookie scale contract, according to a press release from the team.
One of the top international players in this year’s draft class, Beringer played this past season for Cedevita Olimpija in Slovenia, where he averaged 4.9 points, 4.1 rebounds, and 1.5 blocks in 18.3 minutes per game in 30 outings in the ABA League.
The young Frenchman, who will turn 19 in November, has only played basketball for four years and is still learning the game, notes ESPN’s Jonathan Givony, who adds that Beringer possesses “outstanding” physical tools, including the coveted combination of defensive mobility and rim-protecting ability.
Timberwolves general manger Matt Lloyd told reporters after June’s draft that several team officials became convinced that Beringer was a perfect fit for the franchise after watching him work out and meeting with him in Chicago during the pre-draft process. Minnesota just wasn’t sure if he would still be available at No. 17 overall.
“Joan is one of those rare cases where the best player available also had a fit,” Lloyd said. “And we were sweating it. … It was a long night of waiting.”
As our breakdown of rookie scale salaries shows, assuming Beringer assumes the maximum allowable 120% of the rookie scale, which is likely, his deal will be worth about $20.3MM over four years, including $4.2MM in year one. The first two seasons are guaranteed, followed by team options in years three and four.
Suns Sign Khaman Maluach, Rasheer Fleming, Koby Brea
The Suns have officially signed all three of their 2025 draft picks, according to NBA.com’s transaction log. That trio consists of No. 10 overall pick Khaman Maluach, No. 31 pick Rasheer Fleming, and No. 41 selection Koby Brea.
That No. 10 pick was one of the primary assets the Suns received from Houston in their blockbuster Kevin Durant deal. While Maluach was widely expected to come off the board in the top eight picks on June 24, he slipped to No. 10, giving Phoenix an opportunity to nab its potential center of the future.
Maluach averaged 8.6 points, 6.6 rebounds, and 1.3 blocks in 21.2 minutes per contest during his first and only college season at Duke. While his box-score numbers don’t jump off the page, the 18-year-old has an impressive frame (a height of 7’1″ and a wingspan of 7’7″), is one of the youngest players in this year’s draft class, and has the potential to excel in the NBA as a defensive anchor and a rim-runner and lob threat on offense.
Maluach’s rookie scale deal is expected to pay him roughly $6MM in his rookie season and a total of $27.4MM across his first four years in the NBA, as our breakdown of this year’s rookie scale shows.
There was a minor bidding war for Fleming ahead of day two of this year’s draft, with teams vying to move up to No. 31 to select the former Saint Joseph’s forward. Phoenix won that bidding war by sending Minnesota the No. 36 pick and a pair of future second-rounders.
Fleming is coming off an impressive junior season in which he averaged 14.7 points, 8.5 rebounds, 1.4 steals and 1.5 blocks per game in 35 appearances (31.1 minutes), with a shooting line of .531/.390/.743. According to Michael Scotto of HoopsHype (Twitter link), he signed a four-year, $8.7MM deal using the second-round pick exception and got three fully guaranteed years, with a fourth-year team option.
As for Brea, Phoenix drafted him after trading up to No. 41 using the 52nd and 59th overall picks in a deal with the Warriors. The 6’7″ wing, who played four seasons at Dayton before spending his fifth and final college season with Kentucky, is an excellent shooter, having made 317-of-730 (43.4%) three-pointers during his NCAA career.
Brea signed a two-way contract.
Contract Details: Capela, VanVleet, Lopez, Ayton, LaRavia, Kalkbrenner
The Rockets‘ new three-year deal with Clint Capela includes a 5% trade kicker, reports Michael Scotto of HoopsHype (Twitter link).
The fully guaranteed deal is worth $21,105,000 over three years, Hoops Rumors has confirmed, coming in slightly below the initially reported price of $21.5MM. It includes a first-year salary of $6.7MM, with an ascending structure that sees it increase to $7.37MM by year three.
Here are a few more details on some recently signed contracts from around the NBA:
- Fred VanVleet‘s two-year, $50MM contract with the Rockets has a flat structure, with a $25MM first-year salary and a $25MM player option for 2026/27, Hoops Rumors has learned.
- Brook Lopez‘s two-year deal with the Clippers came in slightly below the reported $18MM price. It uses $8.75MM of the non-taxpayer mid-level exception for the 2025/26 season, leaving L.A. with $5,354,000 still to use. Lopez’s second-year team option is worth $9,187,500
- The Lakers‘ used up their entire $14,104,000 non-taxpayer mid-level exception on Deandre Ayton ($8,104,000) and Jake LaRavia ($6MM), as expected. Those salary figures are also Ayton’s and LaRavia’s cap hits for 2026/27 — Ayton’s second year is a player option and LaRavia’s is fully guaranteed.
- No. 34 overall pick Ryan Kalkbrenner signed a four-year, $9.97MM contract with the Hornets, according to Scotto (Twitter link). That’s the most he could earn under the terms of the second-round pick exception. Kalkbrenner’s first two years are fully guaranteed, with a third-year trigger date and a fourth-year team option, Scotto adds.
Pacers’ Pritchard: Haliburton Won’t Play In 2025/26
Speaking on Monday to reporters, Pacers president of basketball operations Kevin Pritchard confirmed that star point guard Tyrese Haliburton, who tore his right Achilles tendon during Game 7 of the NBA Finals last month, will miss the entire 2025/26 season.
“I have no doubt that he will be back better than ever,” Pritchard said (Twitter video link via WISH-TV News). “… He will not play next year though. He would not jeopardize that now. So don’t get any hopes up that he will play.
Pritchard’s update doesn’t come as a real surprise, given how late in the spring Haliburton’s injury occurred. He suffered the Achilles tear on June 22 and underwent surgery the following day.
It typically takes upwards of a full calendar year for players to fully recover following Achilles surgery. By the time the NBA postseason tip off next April, Haliburton will be fewer than 10 months into his recovery process, and there’s no guarantee Indiana will make a deep playoff run – or even make the playoffs at all – without him available in 2025/26.
Pritchard said Haliburton’s absence will create “opportunities to grow” for some of Indiana’s players. While Andrew Nembhard and T.J. McConnell are the top two candidates to take over point guard duties, it wouldn’t be a surprise if Bennedict Mathurin also assumes more of a ball-handling and play-making role as he enters the final year of his rookie scale contract.
As Dustin Dopirak of The Indianapolis Star relays (via Twitter), Pritchard went on to joke that Haliburton will have to serve as his general manager until he’s healthy and that he’ll “probably be better than (actual GM) Chad (Buchanan).”
Haliburton has expressed no regrets about trying to play through a calf injury to win a championship, suggesting he’d do it the same way over again if he could, even knowing he’d suffer a far more significant injury. Pritchard doesn’t share that sentiment, Dopirak notes (via Twitter), even though the Pacers’ top basketball executive believes the club would have won Game 7 if Haliburton didn’t get hurt.
Free Agent Rumors: Guards, Kuminga, Pacers, Hayes
An expectation that Bradley Beal will soon become an unrestricted free agent is affecting the markets for free agent guards Chris Paul, Russell Westbrook, and Malcolm Brogdon, who are drawing interest from many of the same teams, writes Jake Fischer of The Stein Line (Substack link).
According to Fischer, the Clippers, Lakers, Bucks, and Timberwolves are among the teams expected to have interest in signing Beal if and when he finalizes a buyout agreement with the Suns, which seems increasingly likely. A previous report also identified the Warriors as a possible suitor for Beal, with the Heat viewed as less likely after their trade for Norman Powell.
The Clippers and Bucks are known to have interest in Paul, Fischer points out, so if Beal ends up with one of those teams, it would likely rule that club out for CP3, perhaps increasing the odds of the 40-year-old reuniting with the Suns.
As for Brogdon, he has the Clippers, Suns, Lakers, Warriors, Timberwolves, and Bucks are also among the teams that have registered some level of interest in him, along with the Pelicans and Kings, Fischer reports.
Free agents like De’Anthony Melton and Ben Simmons may also find themselves involved in this game of backcourt musical chairs, according to Fischer, who suggests that their potential landing spots should become more clearer once one or two of those top guards – starting with Beal – finds a new home.
Here are a few more notes on free agents from around the NBA:
- There was no traction on the Jonathan Kuminga front over the weekend, sources tell Anthony Slater of The Athletic (Twitter link). According to Slater, the Kings have been the most aggressive suitor for the Warriors restricted free agent so far, but nothing has come close. In fact, the market for all of the top restricted free agents remains “ice cold,” Slater adds.
- The Pacers are expected to reunite with a pair of familiar faces to fill out their frontcourt. Speaking to reporters today, president of basketball operations Kevin Pritchard said the club is planning to re-sign James Wiseman and that things are trending in the right direction with restricted free agent Isaiah Jackson (Twitter links via Tony East).
- Veteran center Jaxson Hayes gave up his right to veto a trade this season when he re-signed with the Lakers, reports Dan Woike of The Athletic (Twitter link). By default, a player re-signing with his previous team on a one-year contract gets a de facto no-trade clause, but a team can ask a player to waive that right as part of his new deal.
Blazers, Celtics Finalize Holiday, Simons Trade Without Draft Picks
The Trail Blazers and Celtics have officially completed their trade sending Jrue Holiday to Portland and Anfernee Simons to Boston, according to a press release from the Blazers.
However, the terms are slightly different than what was reported last month. Portland had originally agreed to send the Knicks’ 2030 second-round pick and the Blazers’ own 2031 second-rounder to Boston, but those draft assets are no longer in the deal, which is now a straight one-for-one player swap.
Aaron Fentress of The Oregonian hears from a source that a review of Holiday’s medicals prompted the Blazers to alter the initial terms of the agreement.
There wasn’t enough concern on Portland’s end to nix the deal entirely, Fentress explains, adding that the veteran guard is considered healthy and is working out this summer in preparation for training camp in the fall.
As a result of taking back more salary than they’re sending out in the trade, the Trail Blazers are now hard-capped at the first tax apron for the rest of the 2025/26 league year.
The Celtics, meanwhile, have officially completed both of their major offseason trades on Monday, having also finalized the three-team deal sending Kristaps Porzingis to Atlanta.
You can read more about the Holiday/Simons swap in our original report on the deal.
Ryan Rollins Returns To Bucks On Three-Year Deal
July 8: The Bucks’ deal with Rollins is now official, per a press release.
July 6: Free agent guard Ryan Rollins is returning to the Bucks, according to Shams Charania of ESPN (Twitter link), who reports that the two sides have agreed to a three-year deal worth $12MM. The agreement will include a third-year player option, Charania adds.
The 44th overall pick in the 2022 draft, Rollins had only appeared in 25 NBA regular season games across two seasons with Golden State, Washington, and Milwaukee entering the 2024/25 season. However, after opening the year on a two-way contract with the Bucks, he emerged as a reliable part of the rotation and earned a promotion to the standard roster in March.
In 56 games (19 starts) last season for Milwaukee, Rollins averaged 6.2 points, 1.9 assists, and 1.9 rebounds in 14.6 minutes per game, along with a shooting line of .487/.408/.800. He played significant minutes during the season’s final weeks while Damian Lillard was sidelined due to a blood clot in his calf.
Milwaukee initially tendered Rollins a qualifying offer to make him a restricted free agent before withdrawing it early in the week, making him unrestricted. Even after rescinding that QO, the Bucks were able to hang onto the 23-year-old’s Early Bird rights, which will allow them to go over the cap to re-sign him after they use up all their room.
While the 2025/26 Bucks will be without Lillard – who tore his Achilles in April and is being waived to create cap room to sign Myles Turner – they’ve now struck deals to bring back both of their free agent point guards, Rollins and Kevin Porter Jr.
Rollins is the sixth of the Bucks’ own free agents that has reached an agreement to re-sign with the club, joining Porter, Bobby Portis, Taurean Prince, Gary Trent Jr., and Jericho Sims.
NBA Transactions Becoming Official: July 6, 2025
The July moratorium is over and teams are now permitted to officially finalize all the free agent signings and trades they’ve agreed to since the new league year began (or earlier, in some cases).
Rather than bumping all of our previous stories on those free agent and trade agreements, we’ll be tracking all the previously reported moves that become official on Sunday in the space below.
To be clear, we’ll still be publishing new stories on breaking free agent and trade agreements. This space is just to track the moves we already know about becoming formally completed.
These lists will be in chronological order, so we’ll add the most recent items to the bottom throughout the day.
Trades:
- Spurs trade the draft rights to Kam Jones to Pacers for a 2030 second-round pick and cash (story).
- Bucks trade Pat Connaughton and two second-round picks to Hornets for Vasilije Micic (story).
- Bulls trade Lonzo Ball to Cavaliers for Isaac Okoro (story).
- Grizzlies trade Jay Huff to Pacers for a second-round pick and a second-round pick swap (story).
- Wizards, Pelicans, and Rockets complete three-team trade involving CJ McCollum, Jordan Poole, Cam Whitmore, and others (new story).
- Rockets, Suns, Lakers, Warriors, Timberwolves, Nets, and Hawks complete seven-team trade involving Kevin Durant, Clint Capela, Jalen Green, Dillon Brooks, and others (new story).
- Grizzlies trade the draft rights to Will Richard to Warriors for the draft rights to Jahmai Mashack and a conditional second-round pick (story).
- Timberwolves sign-and-trade Nickeil Alexander-Walker to Hawks for a second-round pick and cash (story).
Free agent signings:
- Bulls re-sign Tre Jones to three-year contract (story).
- Update: The third year of Jones’ contract is a team option, tweets Michael Scotto of HoopsHype.
- Cavaliers re-sign Sam Merrill to four-year contract (story).
- Cavaliers sign Larry Nance Jr. to one-year contract (story).
- Clippers re-sign Nicolas Batum to two-year contract (story).
- Magic sign Tyus Jones to one-year contract (story).
- Mavericks re-sign Kyrie Irving to three-year contract (story).
- Thunder re-sign Ajay Mitchell to three-year contract (story).
- Clippers sign Brook Lopez to two-year contract (story).
- Update: The second year of Lopez’s contract is a team option, tweets Fred Katz of The Athletic.
- Sixers re-sign Justin Edwards to three-year contract (story).
- Update: The third year of Edwards’ contract is a team option, tweets Scotto.
- Lakers re-sign Jaxson Hayes to one-year contract (story).
- Lakers sign Jake LaRavia to two-year contract (story).
- Lakers sign Deandre Ayton to two-year contract (story).
- Knicks sign Guerschon Yabusele to two-year contract (story).
- Clippers sign James Harden to two-year contract (story).
- Mavericks sign D’Angelo Russell to two-year contract (story).
Contract extensions:
- Rockets sign Jabari Smith Jr. to five-year rookie scale extension (story).
Seven-Team Kevin Durant Trade Officially Finalized
The seven-team trade that sends star forward Kevin Durant and free agent big man Clint Capela (via sign-and-trade) to Houston is now official, according to press releases from several teams, including the Rockets.
“Having played against Kevin and coached him before, I know he’s the type of competitor who fits with what we’ve been building here in Houston,” head coach Ime Udoka said in a statement. “His skill level, love of basketball, and dedication to his craft have made him one of the most respected players of his generation, and my staff and I are excited to work with him.”
The move sets a new NBA record for most teams involved in a single trade. The terms of the deal are as follows:
- Rockets acquire:
- Kevin Durant (from Suns)
- Clint Capela (sign-and-trade; from Hawks)
- Suns acquire:
- Jalen Green (from Rockets)
- Dillon Brooks (from Rockets)
- Daeqwon Plowden (from Hawks)
- The draft rights to Khaman Maluach (No. 10 pick; from Rockets)
- The draft rights to Rasheer Fleming (No. 31 pick; from Timberwolves)
- The draft rights to Koby Brea (No. 41 pick; from Warriors)
- Either the Thunder’s, Mavericks’, or Sixers’ 2026 second-round pick (whichever is second-most favorable; from Rockets)
- Lakers acquire:
- The draft rights to Adou Thiero (No. 36 pick; from Nets)
- Warriors acquire:
- The draft rights to Alex Toohey (No. 52 pick; from Suns) and the draft rights to Jahmai Mashack (No. 59 pick; from Rockets)
- Note: Mashack’s rights will be sent to the Grizzlies in a subsequent trade.
- The draft rights to Alex Toohey (No. 52 pick; from Suns) and the draft rights to Jahmai Mashack (No. 59 pick; from Rockets)
- Timberwolves acquire:
- The draft rights to Rocco Zikarsky (No. 45 pick; from Lakers)
- Either the Warriors’ or Nuggets’ 2026 second-round pick (whichever is least favorable; from Suns)
- Either the Suns’ or Rockets’ 2032 second-round pick (whichever is most favorable; from Suns/Rockets)
- Note: The Suns, not the Rockets, retain the least favorable of the two picks.
- Cash (from Lakers).
- Note: $3.25MM, per ESPN’s Bobby Marks (Twitter link).
- Nets acquire:
- Either the Clippers’ 2026 second-round pick or the most favorable of the Celtics’, Pacers’, and Heat’s 2026 second-round picks (whichever is least favorable; from Rockets)
- The Celtics’ 2030 second-round pick (from Rockets)
- Hawks acquire:
- David Roddy (from Rockets)
- The right to swap their own 2031 second-round pick for the Rockets’ 2031 second-round pick (56-60 protected; from Rockets)
- Cash (from Rockets)
- Note: $85,300, per Marks (Twitter link).
Word first broke on Wednesday that the Durant trade was being expanded to be completed as a seven-team deal. For the most part, it was just a matter of folding separate draft-night trade agreements into a single transaction.
In addition to the original Durant blockbuster (story), this transaction incorporates trade agreements between the Suns and Nets (story), Suns and Warriors (story), Suns and Timberwolves (story), and Lakers and Timberwolves (story), as well as the sign-and-trade deal sending Capela from the Hawks to the Rockets (story).
The only two new additions to this deal are Plowden and Roddy, who are both entering the second year of two-way contracts. The addition of Plowden ensures that the Hawks are “touching” a second team besides Houston in the deal. He’s being waived by the Suns, reports Duane Rankin of The Arizona Republic (Twitter link).
In exchange for sending out Plowden, the Hawks are filling that newly opened two-way slot with Roddy, a former first-round pick who spent more than half of the 2024/25 season in Atlanta on a standard contract.
Attaching the Capela sign-and-trade deal into this transaction has cap-related benefits for the Rockets, who would otherwise have had to send out a separate matching salary in order to sign Capela to his reported three-year, $21MM deal.
However, for the most part, amalgamating all those draft-night deals is just about streamlining the process for several teams, allowing them to take part in (or wait out) fewer trade calls and get their newly acquired rookies under contract sooner.