Community Shootaround: Early Offseason Winners, Losers
We’re in a quiet transactional period as we wait for the July moratorium to lift tomorrow. There are still a handful of top restricted free agents who have yet to sign new contracts, but with a dearth of cap space around the league, the players don’t have a ton of negotiating leverage, so it could take a while for those situations to play out.
John Hollinger of The Athletic recently weighed in on some of the biggest winners and losers to this point in the offseason. The article is technically centered around free agency, but it takes all offseason moves into account.
Hollinger lauds the moves the Hawks have made, including trading for Kristaps Porzingis, landing what could be an extremely valuable 2026 first-round pick from the Pelicans (only this deal is official), acquiring Nickeil Alexander-Walker in a sign-and-trade, and signing sharpshooter Luke Kennard. Atlanta still has its bi-annual exception available, Hollinger notes, and is about $7.4MM below the luxury tax line.
While they’re facing a minor roster crunch, Hollinger also likes the Hornets‘ offseason thus far, saying they had a strong draft (Kon Knueppel, Liam McNeeley, Sion James, Ryan Kalkbrenner) and have done solid work on the trade market, particularly adding Collin Sexton and a second-round pick from Utah for Jusuf Nurkic. He also views Spencer Dinwiddie as a nice pickup on a veteran’s minimum deal.
The defending champion Thunder are the third team on Hollinger’s list of winners, bringing back 14 of their 15 players on standard deals while essentially replacing Dillon Jones with first-round pick Thomas Sorber. Oklahoma City is below the luxury tax line and also retained Jaylin Williams and Ajay Mitchell on team-friendly deals, Hollinger observes.
The month of July is Hollinger’s biggest loser, as free agency is no longer the same type of event on the league’s schedule as it used to be, for a variety of reasons.
For actual teams, Hollinger thinks the Celtics and Pacers have taken steps back. He credits Boston’s front office for shedding the salaries of Porzingis and Jrue Holiday without having to attach sweeteners (the Celtics will actually receive two second-rounders from Portland in the Holiday deal).
But the Celtics also lost Luke Kornet in free agency and Al Horford is viewed as unlikely to return. And they still need to trim about $20MM from their books to move below the luxury tax to avoid the repeater penalty. The biggest question mark, according to Hollinger, is how can the Celtics position themselves to be a contender again in 2026/27, when Jayson Tatum has recovered from his torn Achilles tendon?
As for the Pacers, they’re on Hollinger’s list for losing longtime center Myles Turner to the division-rival Bucks in free agency. They still have pathways to find a new starting center, Hollinger writes, and their front office has largely done excellent work over the years. But Indiana is in a similar boat as Boston, with 2025/26 increasingly looking like a “gap year” in the wake of Tyrese Haliburton‘s Achilles tear and more uncertainty heading into ’26/27 with Turner no longer on the roster.
We want to know what you think. Do you agree with Hollinger’s winners and losers? Most people seem high on the Rockets’ moves, but they weren’t included. I was also mildly surprised to not see the Pelicans on the list of losers. Head to comment section to weigh in with your thoughts.
Scotto’s Latest: Rollins, Hornets, Bucks, Ayton, Valanciunas
After having his qualifying offer withdrawn by the Bucks earlier this week, free agent guard Ryan Rollins is drawing interest from a handful of teams around the NBA, according to Michael Scotto of HoopsHype, who says the Suns, Trail Blazers, Spurs, and Lakers are among the clubs with Rollins on their radar.
A reunion with Milwaukee also hasn’t been ruled out either, Scotto reports. Even after rescinding his qualifying offer and making him an unrestricted free agent, the Bucks are in position to hang onto Rollins’ Early Bird rights, which would allow them to go over the cap to re-sign him after they use up all their room.
Portland still has its $14.1MM non-taxpayer mid-level exception available, while San Antonio and Los Angeles have the $5.1MM bi-annual exception on hand, Scotto writes. However, the Suns could only offer more than a minimum-salary deal if they shed salary — perhaps via a Bradley Beal buyout agreement.
Rollins had a modest breakout year this past season, registering averages of 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 had only made 25 appearances across two NBA seasons prior to 2024/25.
Here’s more from Scotto:
- Examining the Hornets‘ roster crunch, Scotto identifies Josh Okogie and DaQuan Jeffries – who are on non-guaranteed contracts – as candidates to be waived if no trade opportunities involving them arise. Executives who spoke to HoopsHype also view former first-round pick Nick Smith Jr. as a player who could be traded. That applies to veterans on expiring contracts like Pat Connaughton and Collin Sexton as well.
- Before he agreed to re-sign with the Hornets, point guard Tre Mann received interest from the Bucks, Scotto reports. Milwaukee is in the market for additional point guard depth after losing Damian Lillard to an Achilles tear and subsequently planning to waive him.
- Echoing reporting from ESPN’s Shams Charania, Scotto says that teams who reached out to Trail Blazers officials for feedback on Deandre Ayton got positive reviews on the big man, who was a “community staple in Portland and hosted many team bonding events.” Reporting from The Athletic had suggested that Ayton’s attitude and bad habits played a part in the decision to part ways with him.
- Addressing the Jonas Valanciunas situation, Scotto notes that the Nuggets have tried to acquire the veteran center for the past couple years and have envisioned him playing a significant role if he reports to Denver, giving superstar Nikola Jokic more opportunities to rest. Amid rumors that Valanciunas is traveling to Greece and hopes to sign with the EuroLeague club Panathinaikos, Scotto hears that the 33-year-old is expected to address the situation soon.
Stein/Fischer’s Latest: Beal, Suns, CP3, Bucks, Lillard, Heat
The Suns and Heat had exploratory talks this week about the possibility of a Bradley Beal trade, according to Marc Stein and Jake Fischer of The Stein Line (Substack link). However, those discussions “ultimately collapsed,” resulting in a rising belief that the veteran guard will ultimately be bought out by Phoenix.
If the two sides do end up working out a buyout agreement, expect the Heat to show interest in signing Beal as a free agent, per Fischer and Stein, who say the Bucks would also be interested in adding the three-time All-Star if he reaches free agency.
Here’s more from The Stein Line duo:
- In addition to looking more seriously at a possible Beal buyout, the Suns have also engaged in conversations with teams about various trade scenarios involving center Nick Richards and wings Grayson Allen and Royce O’Neale, Stein and Fischer say.
- After turning away interest from the Mavericks and Hornets earlier in free agency, Chris Paul continues to consider the Suns and Clippers. Stein and Fischer confirm he’s also receiving interest from the Bucks, who have been on the lookout for another point guard in the hopes of filling the sizable hole left by Damian Lillard‘s Achilles injury (and impending release). ESPN’s Shams Charania said during a Thursday SportsCenter appearance that Paul, who is known to prefer playing closer to his family in Los Angeles, spoke to Bucks officials on Wednesday (hat tip to Scott Polacek of Bleacher Report).
- Speaking of Lillard, Stein and Fischer classify the Heat‘s interest in signing the Oakland native as “serious,” but acknowledge that the injured star will likely be in no rush to sign his next contract.
- The Pacers, Kings, and Pelicans are among the other teams who remain on the hunt for another point guard, Stein and Fischer write.
Hornets Sign Kon Knueppel, Three Other Draft Picks
The Hornets have signed all four of the prospects they selected in the 2025 NBA draft, the team announced today in a press release.
That group is headlined by Kon Knueppel, the No. 4 overall pick out of Duke, who was one of the best outside shooters in college basketball in 2024/25, knocking down 2.2 three-pointers per game at an elite rate of 40.6% as a freshman. He was a member of the All-ACC second team and was named this year’s ACC Tournament MVP.
Assuming Knueppel receives the maximum allowable 120% of his rookie scale amount, which is a virtual lock, his four-year deal will be worth $45.49MM. The first two years are guaranteed, with team options on years three and four.
The Hornets’ other first-round pick was UConn’s Liam McNeeley, who was drafted using the No. 29 overall pick that Charlotte acquired from Phoenix as part of the Mark Williams trade. 120% of McNeeley’s rookie scale slot works out to a four-year, $14.19MM deal.
McNeeley, 19, averaged 14.5 points, 6.0 rebounds, and 2.3 assists in 32.1 minutes per game for UConn in 27 outings (26 starts) as a freshman. He made just 38.1% of his field goal attempts and 31.7% of his three-pointers, though those struggles can be attributed in part to the Huskies playing without a traditional point guard.
The Hornets also had two of the top four picks in the second round, using No. 33 on Knueppel’s Blue Devils teammate Sion James and No. 34 on Creighton big man Ryan Kalkbrenner.
James, who spent four years at Tulane before playing his super-senior season at Duke, was a member of the ACC’s All-Defensive team this season and made a career-high 41.3% of his three-point shots, albeit on a relatively small sample (31-of-75). He received a four-year, $9.97MM contract worth the maximum amount of the second-round pick exception, per Michael Scotto of HoopsHype (Twitter link). That deal will be fully guaranteed for the first two seasons.
As for Kalkbrenner, details of his contract aren’t yet known, but it sounds like he signed a standard deal using the second-round exception too. There could be a path to playing time for the last of Charlotte’s four draft picks, given that the team doesn’t have much frontcourt depth at the moment, with Mason Plumlee and Moussa Diabate the only real options at center. That could change between now and the start of the regular season, however.
Kalkbrenner, who spent five years at Creighton, won four Big East Defensive Player of the Year awards and was named the Naismith Defensive Player of the Year for all of college basketball in 2025.
The Hornets will have a roster crunch to deal with at some point before the season begins. Once they complete all their reported transactions – including re-signing Tre Mann, acquiring Pat Connaughton, and adding Plumlee and Spencer Dinwiddie – they’ll have 16 players on guaranteed contracts and three more (including Diabate) on non-guaranteed deals.
Summer League Notes: Bulls, Kawamura, Kings, Brink, Jent
The Bulls officially announced their 2025 summer league roster on Thursday afternoon (via Twitter). The group is headlined by recent lottery picks Matas Buzelis and Noa Essengue, plus two-way players Jahmir Young and Emanuel Miller and No. 55 overall pick Lachlan Olbrich, who is expected to sign a two-way deal with Chicago.
The Bulls’ summer league squad also features a handful of unrestricted free agents who have NBA experience. Japanese point guard Yuki Kawamura, who spent 2024/25 (his rookie campaign) on a two-way deal with the Grizzlies, is part of the team, as is ex-Grizzlies forward Maozinha Pereira. Former lottery pick Joshua Primo and guard Javon Freeman-Liberty are on the 14-man roster as well.
Windy City Bulls head coach Billy Donovan III will lead the summer league team for the second consecutive year, tweets K.C. Johnson of Chicago Sports Network.
Here are few more notes related to summer league:
- Both of the Kings‘ draft picks — first-rounder Nique Clifford and second-rounder Maxime Raynaud — will compete in summer league action, GM Scott Perry said today at a press conference (Twitter link via Jason Anderson of The Sacramento Bee). Kings head coach Doug Christie said assistant Dipesh Mistry will be the summer league team’s top coach, as Anderson relays (via Twitter).
- Jordan Brink, an assistant on former head coach Tom Thibodeau‘s staff, will be head coach of the Knicks‘ summer league team, reports James L. Edwards III of The Athletic (Twitter link). According to Edwards, Brink was “largely responsible” for New York’s impressive success rate on challenges last season. Given that he’s leading the summer league squad, it seems pretty likely that Brink will be a member of new coach Mike Brown‘s staff, though that’s just informed speculation and hasn’t been confirmed.
- Assistant Chris Jent will serve as head coach of the Hornets‘ summer league club, per Rod Boone of The Charlotte Observer (Twitter video link). Jent is a longtime NBA assistant and former player who joined Charles Lee‘s staff last year.
Bucks Trade Connaughton, Picks To Hornets For Micic
July 6: The Hornets have officially acquired Connaughton and the Bucks’ 2031 and 2032 second-round picks in exchange for Micic, the team confirmed today in a press release.
July 1: The Bucks have agreed to trade veteran forward Pat Connaughton and two second-round picks to the Hornets for guard Vasilije Micic, according to Shams Charania of ESPN (Twitter link).
The second-rounders heading to Charlotte will be Milwaukee’s own in 2031 and 2032, Charania adds.
As Yossi Gozlan of The Third Apron tweets, Micic ($8.1MM) only makes about $1.3MM less than Connaughton ($9.4MM) next season, but the Serbian has been repeatedly rumored to be seeking a return to Europe this summer, and could give up a significant portion of his salary in a buyout. Assuming that comes to fruition, it should give the Bucks enough cap room to sign Myles Turner after waiving and stretching Damian Lillard.
Connaughton, 32, was an important reserve for the Bucks when they won the title in 2021 and has been with the team for the past seven years. However, in part due to injuries, he hasn’t looked like the same player in recent years, having been out of Milwaukee’s rotation for much of 2024/25.
Connaughton averaged 5.2 points, 2.7 rebounds and 1.7 assists on .469/.321/.774 shooting in 41 regular season games last season (14.7 minutes per contest). He only played 14 minutes over three appearances during the Bucks’ first-round playoff series vs. Indiana, which Milwaukee lost in five games.
Charlotte will acquire a couple of second-round picks for taking on Connaughton’s expiring contract. The Hornets just reacquired Micic yesterday when the Mark Williams trade with Phoenix became official.
Hornets, Josh Okogie Agree To New Salary Guarantee Date
The Hornets and Josh Okogie have agreed to push back the veteran wing’s early salary guarantee date to July 15, reports Michael Scotto of HoopsHype (via Twitter).
Today was the original deadline for Charlotte to determine whether or not to guarantee Okogie’s $7.75MM salary for 2025/26. Both sides have agreed to delay that date, giving the Hornets a little more financial flexibility with free agency just a few minutes away.
Okogie was incentivized to agree to the new date because he seems unlikely to receive that much money on the open market. If the Hornets decide to keep him around past July 15, his contract could be useful for salary-matching purposes.
The 20th pick of the 2018 draft, Okogie was traded from Phoenix to Charlotte in January. The 26-year-old guard/forward appeared in 40 games last season (15.6 minutes per contest), averaging 7.1 points, 2.8 rebounds and 1.2 steals on .448/.348/.741 shooting.
Hornets Trade Mark Williams To Suns For McNeeley, 2029 First-Rounder
June 30: The trade is official, according to press releases issued by both the Suns and Hornets.
Williams is headed to Phoenix, while Micic, this year’s No. 29 pick (Liam McNeeley), and a 2029 first-round pick (least favorable of Utah, Cleveland and Minnesota) are going to Charlotte.
Rather than the swap of second-rounders (outlined below), the Hornets sent the Suns their own 2029 second-round pick in order to complete the trade.
June 25: Right around the same time they drafted Khaman Maluach, the Suns agreed to acquire another Duke center, according to Shams Charania of ESPN, who reports (via Twitter) that the Hornets are sending Mark Williams to Phoenix in exchange for 2025’s No. 29 overall pick and a 2029 first-rounder.
Sources tell Charania that the 2029 first-round pick will be the least favorable of the selections controlled by Utah, Cleveland and Minnesota (Twitter link). The Wolves’ pick is top-five protected, so it would have to fall outside of that range to be in play.
According to Jake Fischer of The Stein Line (Twitter link), Vasilije Micic is also involved in the trade, as he’ll be sent back to Charlotte, which just traded him to Phoenix in February. Micic’s $8.1MM team option for next season will have to be exercised for that to occur.
The full trade is as follows, according to Roderick Boone of The Charlotte Observer (Twitter link).
Hornets receive:
- Micic.
- 2025 No. 29 pick.
- 2029 first-round pick with the least favorable language listed above.
- 2026 second-rounder (least favorable of Golden State and Denver).
Suns receive:
- Williams.
- 2026 second-round pick (most favorable of Golden State and Denver).
Williams, 23, was nearly traded to the Lakers at the February deadline, but Los Angeles wound up rescinding that deal due to concerns about his physical.
A 7’0″ big man with an enormous 7’7″ wingspan, Williams was productive when healthy this past season for Charlotte, averaging 15.3 points, 10.2 rebounds, 2.5 assists and 1.2 blocks in 44 appearances (26.6 minutes per game). He shot 60.4% from the field and a career-best 80.4% from the foul line.
However, health has been a huge issue for Williams through three NBA seasons, having played a total of just 106 games. He also has been a negative defender, particularly when trying to switch onto smaller players on the perimeter.
It’s telling that Charlotte was so determined to move Williams despite his very real upside as a scorer and rebounder. The Hornets only won 19 games last season, but they were substantially worse when Williams was on the court (-12.7 net rating) compared to when he was off it (-7.7).
Obviously, Phoenix is betting that Williams and Maluach will be long-term answers in the middle. After trading away Deandre Ayton two years ago, the Suns have been lacking reliable play up front.
Interestingly, the Suns sent Josh Okogie and multiple second-round picks to Charlotte in January in order to acquire Nick Richards, whose $5MM salary for 2025/26 is non-guaranteed. Adding Maluach and Williams might signal that Phoenix will opt to waive Richards — yet another center — instead of retaining him.
QO Updates: J. Walker, A. Mitchell, Two-Ways, Mann
The Trail Blazers opted not to tender forward Jabari Walker a qualifying offer prior to Sunday’s deadline, reports Sean Highkin of The Rose Garden Report (Twitter link). As a result, Walker will become an unrestricted free agent.
Walker put up solid numbers in a limited role for Portland last season, averaging 5.2 points and 3.5 rebounds in 12.5 minutes per game, with a .515/.389/.690 shooting line, across 60 appearances. However, his playing time dropped off significantly from the previous year, a signal that the Blazers were prioritizing other young players over the 22-year-old.
Meanwhile, the Thunder issued Ajay Mitchell a qualifying offer, according to Keith Smith of Spotrac (Twitter link), who notes that it’s a procedural move for Oklahoma City, since the second-year guard has already agreed to sign a three-year, $9MM contract with the team. The QO will just ensure he’s a restricted free agent when free agency opens — he’ll be able to officially finalize that new deal on July 6.
The following players who finished the 2024/25 season on two-way contracts also received qualifying offers ahead of Sunday’s deadline, per Smith (unless otherwise indicated):
- Branden Carlson, Thunder (link)
- Jesse Edwards, Timberwolves (link)
- Tyson Etienne, Nets (link)
- Trentyn Flowers, Clippers (link)
- Mac McClung, Magic (link)
- Tristen Newton, Timberwolves (link)
- Oscar Tshiebwe, Jazz (link via Tony Jones of The Athletic)
In each of these cases, 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.
While it’s possible that news of a qualifying offer slipped through the cracks within the last 24 hours, it appears that RealGM’s official transaction log is up to date with all of the QOs that were issued prior to Sunday’s deadline.
If that’s the case, one notable player who didn’t receive a qualifying offer is Hornets guard Tre Mann. His QO would have been worth about $6.96MM, but if Charlotte didn’t put it on the table, that means he’s on track to be unrestricted when free agency opens later today.
[UPDATE: Mann didn’t receive a qualifying offer, Michael Scotto of HoopsHype confirms (via Twitter).]
We’ll publish our full recap of 2025’s qualifying offer decisions later this morning.
Jazz Trade Collin Sexton To Hornets For Jusuf Nurkic
8:44 pm: The trade is official, according to press releases issued by both the Jazz and Hornets.
2:15 pm: The Jazz and Hornets have agreed to a trade that will send guard Collin Sexton and a 2030 second-round pick to Charlotte, with center Jusuf Nurkic headed to Utah, according to Shams Charania of ESPN (Twitter link).
The 2030 pick headed to Charlotte will be the most favorable of the Jazz’s and Clippers’ second-rounders, per Jake Fischer of The Stein Line (Twitter link).
Sexton, 26, spent four years in Cleveland before being signed-and-traded to Utah in 2022’s Donovan Mitchell deal. He has played for the Jazz for the past three seasons, averaging 18.4 points, 4.2 assists, and 2.7 rebounds in 27.9 minutes per game in 63 contests (61 starts) in 2024/25.
The Hornets had reportedly been on the lookout for a veteran guard to back up point guard LaMelo Ball. While Sexton is more of a combo guard than a traditional point guard, he can handle the ball and is a pretty efficient scorer — he posted a shooting line of .480/.406/.865 this past season.
The move does further deplete Charlotte’s frontcourt after the club previously agreed to trade Mark Williams to Phoenix. That position figures to be an area the Hornets focus on in free agency, since they’re unlikely to enter the season with Moussa Diabate and rookie Ryan Kalkbrenner as their top two options in the middle.
As for the Jazz, they’ll be adding a physical veteran center to their frontcourt, with Charania suggesting (via Twitter) that Nurkic is a player they like. The 30-year-old appeared in a total of 51 games last season for Phoenix and Charlotte, averaging 8.9 points, 7.8 rebounds, and 2.3 assists in 20.8 minutes per night.
Nurkic will join Walker Kessler and Kyle Filipowski on Utah’s depth chart at center. Meanwhile, moving Sexton may open up more playing time for the Jazz’s young guards, including newly drafted rookie Walter Clayton Jr.
Both Sexton and Nurkic are on expiring contracts in 2025/26. They’ll both be eligible for extensions in July and would become unrestricted free agents in 2026 if they don’t sign new deals before then. Sexton will earn approximately $18.98MM (with another $500K in unlikely bonuses) next season, while Nurkic will make about $19.38MM.