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NBA 2025 Free Agency: June 30 Recap

Even after several of this year’s top free agents – including James Harden, Kyrie Irving, Naz Reid, Julius Randle, and Fred VanVleet – reached contract agreements with their respective teams well before the first day of free agency, it was still an eventful June 30 in the NBA, with news of deals coming in both before and after the free agent period officially got underway at 5:00 pm Central time.

Listed below are all the free agent agreements and other notable news items from the first day of free agency.


Free agent agreements

These deals aren’t yet official, so the reported terms could change — or agreements could fall through altogether. Generally speaking though, teams and players are on track to finalize these agreements sometime after the moratorium ends on July 6.

Note: Some of these salary figures may include options, incentives, or non-guaranteed money.

  1. Nickeil Alexander-Walker, Hawks agree to four-year, $62MM contract (sign-and-trade).
  2. Dorian Finney-Smith, Rockets agree to four-year, $53MM contract.
  3. Santi Aldama, Grizzlies agree to three-year, $52.5MM contract.
  4. Luke Kornet, Spurs agree to four-year, $41MM contract.
  5. Caris LeVert, Pistons agree to two-year, $29MM contract.
  6. Ty Jerome, Grizzlies agree to three-year, $27.7MM contract.
  7. Tre Jones, Bulls agree to three-year, $24MM contract.
  8. Clint Capela, Rockets agree to three-year, $21.5MM contract (sign-and-trade).
  9. Brook Lopez, Clippers agree to two-year, $18MM contract.
  10. Kevon Looney, Pelicans agree to two-year, $16MM contract.
  11. Jake LaRavia, Lakers agree to two-year, $12MM contract.
  12. Day’Ron Sharpe, Nets agree to two-year, $12MM contract.
  13. Ziaire Williams, Nets agree to two-year, $12MM contract.
  14. D’Angelo Russell, Mavericks agree to two-year, $11.7MM contract.
  15. Nicolas Batum, Clippers agree to two-year, $11.5MM contract.
  16. Paul Reed, Pistons agree to two-year, $11MM contract.
  17. Luke Kennard, Hawks agree to one-year, $11MM contract.
  18. Kevin Porter Jr., Bucks agree to two-year, $10.5MM contract.
  19. Gary Trent Jr., Bucks agree to two-year, $7.6MM contract.
  20. Tyus Jones, Magic agree to one-year, $7MM contract.
  21. Luka Garza, Celtics agree to two-year, minimum-salary contract.
  22. Taurean Prince, Bucks agree to two-year, minimum-salary contract.
  23. Cam Spencer, Grizzlies agree to two-year, minimum-salary contract.
  24. Trendon Watford, Sixers agree to two-year, minimum-salary contract.
  25. Bruce Brown, Nuggets agree to one-year, minimum-salary contract.
  26. Jeff Green, Rockets agree to one-year, minimum-salary contract.
  27. Nigel Hayes-Davis, Suns agree to one-year, minimum-salary contract.
  28. Aaron Holiday, Rockets agree to one-year, minimum-salary contract.
  29. Joe Ingles, Timberwolves agree to one-year, minimum-salary contract.
  30. Mason Plumlee, Hornets agree to one-year, minimum-salary contract.
  31. Jae’Sean Tate, Rockets agree to one-year, minimum-salary contract.
  32. Collin Gillespie, Suns agree to one-year contract.

Other notable headlines

  1. Nuggets agree to trade Michael Porter Jr., unprotected 2032 first-round pick to Nets for Cameron Johnson.
  2. Grizzlies agree to renegotiate, extend Jaren Jackson Jr.‘s contract (five years, $240MM).
  3. Suns, Hornets officially finalize Mark Williams trade.
  4. Lakers, Bulls officially finalize draft-night trade.
  5. Thunder wing Jalen Williams to undergo wrist surgery.
  6. Mike Brown to interview a second time for Knicks‘ head coaching job.
  7. Kings expected to sign Dennis Schröder, with a sign-and-trade scenario involving Malik Monk going to the Pistons potentially in play.
  8. Jazz buy out Jordan Clarkson; he’s expected to sign with Knicks.
  9. Jazz guarantee Svi Mykhailiuk‘s 2025/26 salary.
  10. Suns waive Cody Martin.
  11. Jazz waive Johnny Juzang.

Notably, five of the first 10 players in our list of this year’s top 50 free agents are still on the board as of late Monday night: Myles Turner, Josh Giddey, Jonathan Kuminga, Cam Thomas, and Quentin Grimes don’t yet have deals in place.

The full list of available free agents can be found right here.

NBA Minimum Salaries For 2025/26

An NBA team that has spent all its cap space and doesn’t have any of its mid-level or bi-annual exception available still always has the ability to sign a player to a minimum-salary contract, unless that club is right up against its hard cap.

Teams with cap room or with access to the non-taxpayer mid-level exception will have a little more flexibility to sign players to longer-term minimum-salary contracts. However, teams without cap room and without any other exceptions on hand can still use the minimum salary exception to add as many players as roster limits and the hard cap allow, for contracts of up to two years.

[RELATED: Values of 2025/26 mid-level, bi-annual exceptions]

Undrafted free agents and second-round picks are often recipients of minimum-salary contracts, but there are plenty of veterans who end up settling for the minimum too. Because a player’s minimum salary is determined by how much NBA experience he has, many veterans will earn more than twice as much money as a rookie will in 2025/26 on a minimum-salary contract.

Listed below are 2025/26’s minimum salary figures, sorted by years of NBA experience. If a player spent any time on an NBA club’s active regular season roster in a given season, he earned one year of experience. So any player with zero years of experience has not yet made his NBA debut.

These figures represent approximately a 10% increase on last season’s minimum salaries, since that’s the amount of the NBA’s salary cap increase for 2025/26.

Here’s the full breakdown:

Years of Experience Salary
0 $1,272,870
1 $2,048,494
2 $2,296,274
3 $2,378,870
4 $2,461,463
5 $2,667,947
6 $2,874,436
7 $3,080,921
8 $3,287,409
9 $3,303,774
10+ $3,634,153

Because the NBA doesn’t want teams to avoid signing veteran players in favor of cheaper, younger players, the league reimburses clubs who sign veterans with three or more years of experience to one-year, minimum-salary contracts. Those deals will only count against the cap – and against a team’s bank balance – for $2,296,274, the minimum salary for a player with two years of experience.

For instance, Mason Plumlee, who has 12 seasons of NBA experience, will reportedly sign a one-year, minimum-salary contract with the Hornets, who will only be charged $2,296,274 for Plumlee’s contract. He’ll earn $3,634,153, but the NBA will make up the difference. This rule only applies to one-year contracts, not to multiyear deals.

If a player signs a minimum-salary contract after the regular season begins, he’ll earn a prorated portion of the amount listed above.

Those figures listed above also only apply to players who are signing new contracts in 2025/26. Players who are in the second, third, or fourth year of a minimum-salary deal will be earning a slightly different predetermined amount.

For example, Knicks big man Ariel Hukporti – who signed a minimum-salary contract last season and now has one year of NBA experience – will earn a $1,955,377 salary in the second year of his contract, less than than the $2,048,494 he would receive if he were signing a new minimum deal this fall. That’s because his second-year salary is based on a 5% raise over last season’s minimum salary for a player with one year of experience, whereas the cap rose by 10%.

Here’s what multiyear minimum-salary contracts signed in 2025/26 will look like:

Experience
2025/26 2026/27 2027/28 2028/29
0 $1,272,870 $2,150,917 $2,525,901 $2,735,698
1 $2,048,494 $2,411,090 $2,616,754 $2,830,685
2 $2,296,274 $2,497,812 $2,707,612 $3,068,140
3 $2,378,870 $2,584,539 $2,934,742 $3,305,598
4 $2,461,463 $2,801,346 $3,161,876 $3,543,059
5 $2,667,947 $3,018,158 $3,389,014 $3,780,524
6 $2,874,436 $3,234,968 $3,616,151 $3,799,340
7 $3,080,921 $3,451,779 $3,634,152 $4,179,277
8 $3,287,409 $3,468,962 $3,997,570 $4,179,277
9 $3,303,774 $3,815,861 $3,997,570 $4,179,277
10+ $3,634,153 $3,815,861 $3,997,570 $4,179,277

Technically, a minimum-salary contract could cover five years for a player with full Bird rights, but in actuality, that never happens.

While some second-round picks and undrafted free agents will sign three- or four-year minimum-salary contracts, a minimum deal exceeding two years is rare for a player with more than a year or two of NBA experience under his belt.


Data from RealGM was used in the creation of this post.

Values Of 2025/26 Mid-Level, Bi-Annual Exceptions

The salary cap for the 2025/26 NBA league year has officially been set, with the league announcing that the cap will be $154,647,000, a 10% increase on last year’s number.

Under the league’s current Collective Bargaining Agreement, the values of the mid-level, room, and bi-annual exceptions are tied to the salary cap and the percentage that it shifts in a given year. Here’s how that math works:

  • Non-taxpayer mid-level exception: Worth 9.12% of salary cap.
  • Taxpayer mid-level exception: Increases at the same rate as the salary cap.
  • Room exception: Worth 5.678% of the salary cap.
  • Bi-annual exception: Worth 3.32% of the salary cap.

Listed below are the maximum annual and total values of each of these exceptions, along with a brief explanation of how they work and which teams will have access to them. For more information, check out glossary entries on the mid-level exception and the bi-annual exception.


Mid-Level Exception (Non-Taxpayer):

Year Salary
2025/26 $14,104,000
2026/27 $14,809,200
2027/28 $15,514,400
2028/29 $16,219,600
Total $60,647,200

The non-taxpayer mid-level exception is the primary tool available for over-the-cap teams to add free agents. As long as a team hasn’t dipped below the cap to use cap space and doesn’t go over the first tax apron ($195,945,000) at all, it can use this MLE, which runs for up to four years with 5% annual raises.

This exception can also be used to acquire players via trade or waiver claim.


Mid-Level Exception (Taxpayer):

Year Salary
2025/26 $5,685,000
2026/27 $5,969,250
Total $11,654,250

This lesser form of the mid-level exception is capped at two years and can only be used to sign free agents, not to acquire players via trade or waiver claim. It includes a maximum raise of 5% for the second season.

This exception is essentially available to teams who expect their total salaries to fall between the first tax apron and the second apron ($207,824,000). It’s not available to teams above the second tax apron, so a team that does use it becomes hard-capped at that second apron. A team that uses more than $5,685,000 of its mid-level exception will be hard-capped at the first apron.


Room Exception:

Year Salary
2025/26 $8,781,000
2026/27 $9,220,050
2027/28 $9,659,100
Total $27,660,150

Although this is also a mid-level exception of sorts, it’s colloquially known as the “room” exception, since it’s only available to teams that go below the cap and use their cap room.

If a club goes under the cap, it loses its full mid-level exception, but gets this smaller room exception, which allows the team to go over the cap to sign a player once the team has used up all its cap space.

The room exception can be used to sign players for up to three years, with 5% annual raises. It can also be used to acquire players via trade or waiver claim.


Bi-Annual Exception:

Year Salary
2025/26 $5,134,000
2026/27 $5,390,700
Total $10,524,700

The bi-annual exception, as its name suggests, is only available to teams once every two years. Of the NBA’s 30 clubs, only two – the Rockets and Clippers – used it in 2024/25, so they won’t have access to it in ’25/26. The league’s other 28 teams could all theoretically use it this season.

Still, even if a team didn’t use its BAE in ’24/25, that club doesn’t necessarily have access to it for the coming year. As is the case with the non-taxpayer MLE, this exception disappears once a team goes under the cap to use room. It’s also not available to teams over the first tax apron — using the BAE creates a hard cap at that apron.

The BAE can be used to sign players for up to two years, with a 5% raise after year one. It can also be used to acquire players via trade or waiver claim.

NBA Maximum Salaries For 2025/26

Now that the NBA has set its salary cap for the 2025/26 league year at $154,647,000, we have a clear idea of what maximum-salary contracts will look like for the coming season.

Listed below are the maximum-salary contracts for players signing contracts that start in 2025/26.

The first chart shows the maximum salaries for a player re-signing with his own team — a player’s previous team can offer five years instead of four, and 8% annual raises instead of 5% raises. The second chart shows the maximum salaries for a player signing with a new team.

These figures will apply to a number of players who signed maximum-salary contract extensions that will go into effect in 2025/26: Giannis Antetokounmpo, Damian Lillard, Jimmy ButlerAnthony Davis, Jayson Tatum, Jamal Murray, Donovan Mitchell, Cade Cunningham, Evan Mobley, Scottie Barnes, and Franz Wagner.

They’ll also apply to anyone who signs a maximum-salary contract with his own team as a free agent in ’25/26.

A player’s maximum salary is generally determined by his years of NBA experience, so there’s a wide gap between potential earnings for younger and older players.

In the charts below, the “6 years or less” column details the maximum contract for a player like Barnes or Wagner, as well as what a free agent like Josh Giddey is eligible for.

The “7-9 years” column applies to players like Murray and Mitchell, as well as Cunningham and Mobley, who both qualified for a Rose Rule rookie scale extension.

The “10+ years” column applies to the league’s most experienced vets, including Antetokounmpo, Lillard, Butler, and Davis, along with those who qualified for the super-max, like Tatum.

Here are the maximum salary figures for 2025/26:


A player re-signing with his own team (8% annual raises, up to five years):

Year 6 years or less 7-9 years 10+ years
2025/26 $38,661,750 $46,394,100 $54,126,450
2026/27 $41,754,690 $50,105,628 $58,456,566
2027/28 $44,847,630 $53,817,156 $62,786,682
2028/29 $47,940,570 $57,528,684 $67,116,798
2029/30 $51,033,510 $61,240,212 $71,446,914
Total $224,238,150 $269,085,780 $313,933,410

A player signing with a new team (5% annual raises, up to four years):

Year 6 years or less 7-9 years 10+ years
2025/26 $38,661,750 $46,394,100 $54,126,450
2026/27 $40,594,838 $48,713,805 $56,832,773
2027/28 $42,527,925 $51,033,510 $59,539,095
2028/29 $44,461,013 $53,353,215 $62,245,418
Total $166,245,525 $199,494,630 $232,743,735

It’s worth noting that none of the maximum-salary figures listed above will apply to extension-eligible players whose new contracts will start in 2026/27.

This group includes maximum-salary rookie scale extension candidates like Paolo Banchero and Jalen Williams. It also includes players who signed max extensions in previous years that will begin in ’26/27, such as Joel Embiid and Bam Adebayo

The exact value of those players’ contracts will depend on where the cap lands for 2026/27, which won’t be officially announced until next June.

2025 NBA Free Agency Primer

While teams have been permitted to negotiate with their own free agents since the day after the end of the NBA Finals, the league’s 2025 free agency period officially begins on Monday at 5:00 pm Central time. Several contract agreements have been reported during the last week or two, but that number will significantly increase beginning on Monday evening.

Here are several links to prepare you for one of the most eventful days on the NBA’s offseason calendar:

2025 NBA Qualifying Offer Recap

Players eligible for restricted free agency don’t become restricted free agents by default. In order for a team to make a player a restricted free agent, it must extend a qualifying offer to him. The qualifying offer, which is essentially just a one-year contract offer, varies in amount depending on a player’s previous contract status.

A qualifying offer is designed to give a player’s current team the right of first refusal. Because the qualifying offer acts as the first formal contract offer a free agent receives, his team then has the option to match any offer sheet the player signs with another club. If a player doesn’t receive a qualifying offer, he becomes an unrestricted free agent and is free to sign with any team — his previous club is given no formal opportunity to match.

You can read more about qualifying offers here.

Listed below are the details on which players did and didn’t receive qualifying offers this summer. Our list is based on various reports and team announcements leading up to the June 29 deadline, along with confirmation from RealGM’s official NBA transactions log.

It’s possible that one or two qualifying offers slipped through the cracks and will be reported later today before free agency officially gets underway — if so, we’ll update this list.

For now though, this is what the qualifying offer landscape looks like. The players who received QOs will be restricted free agents, while the players who didn’t will be unrestricted. We’ve updated our free agents lists by position and by team to reflect the changes.


Received qualifying offers:

Players on standard contracts:

Note: Qualifying offers marked with an asterisk (*) are based on a projected $154,647,000 salary cap and would increase or decrease if the cap comes in higher or lower than that.

Players on two-way contracts:

Note: Qualifying offers for two-way players are one-year, two-way contracts with a guarantee of approximately $85K unless otherwise indicated.


Did not receive qualifying offers:

Players on standard contracts:

Players on two-way contracts:

Top 50 NBA Free Agents Of 2025

With the 2024/25 NBA season in the books, the offseason has begun, and so has free agency — sort of.

A tweak in the league’s most recent Collective Bargaining Agreement means that teams are permitted to begin negotiating with their own free agents one day after the NBA Finals end rather than having to wait until June 30 to do.

Clubs still aren’t allowed to talk to rival teams’ free agents until June 30, and most contracts can’t be officially signed until July 6, but some free agents will almost certainly reach tentative agreements prior to the typical opening of the free agent period.

Listed below are our top 50 free agents for the 2025/26 NBA season. Our rankings take into account both a player’s short-term and long-term outlook and lean a little more heavily toward market value than present on-court value.

Players who are under contract for next season aren’t listed here, even if their salaries aren’t fully guaranteed and they’re candidates to be waived. However, we’ll continue to update this list up until June 30, so certain players may be added or removed as option decisions are made and other roster moves are finalized.

In addition to the players listed below, there are plenty of other free agents available this summer. You can check out our breakdowns of free agents by position/type and by team for the full picture.

Here are our top 50 free agents of 2025:


1. Kyrie Irving, G, Mavericks (player option)
It’s a reflection of the relative weakness of this year’s free agent class that a 33-year-old who will spend the rest of 2025 recovering from a torn ACL tops our list. But there’s some precedent here that bodes well for Irving’s chances of scoring a big payday — Klay Thompson signed the most lucrative free agent contract of the 2019 NBA offseason (five years, $189.9MM) despite having suffered an ACL tear a few weeks earlier that would sideline him for all of 2019/20. I don’t expect Irving, who is four years older now than Thompson was in 2019, to receive quite that lengthy a commitment from Dallas, but he has a chance to top Klay’s average annual salary. After trading Luka Doncic earlier this year, the Mavericks are pot-committed to Kyrie, the only star ball-handler and play-maker on their roster, who will have some leverage in spite of his injury.
Update: Irving reportedly intends to sign a three-year, $119MM contract with the Mavericks.

2. James Harden, G, Clippers (player option)
While his field goal percentage (41.0%) and three-point percentage (35.2%) were both well below his career averages, Harden enjoyed a bounce-back year of sorts in 2024/25, registering his highest scoring average (22.8 PPG) since 2020/21 and earning a spot on an All-NBA team for the first time since ’19/20. With Kawhi Leonard out for the first half of the season, Harden was the primary offensive engine for a Clippers team that performed better than expected after losing Paul George. The former MVP won’t get a long-term contract as he enters his age-36 season, but I could see him getting multiple guaranteed years with a salary bump, assuming he declines his $36.3MM player option.
Update: Harden reportedly intends to sign a two-year, $81.5MM contract with the Clippers.

3. Myles Turner, C, Pacers
The top option among a solid group of free agent centers, Turner has increased his value this spring by anchoring the Pacers’ defense during their unexpected run to Game 7 of the NBA Finals. The 29-year-old isn’t perfect – notably, he’s a subpar rebounder for his size – but as a big man who can protect the rim on defense and stretch the floor on offense, Turner has a rare, coveted skill set. Brook Lopez, who has a similar game to Turner, is coming off a two-year, $48MM contract that he signed at age 35. Given that he’s six years younger than that, I expect the Pacers center to get at least three or four years and to comfortably clear Lopez’s last deal in terms of per-year salary. Indiana will have competition for him, but reports have suggested the club is willing to enter luxury tax territory for the first time since 2006 to keep their core intact. We’ll see if that’s still the case in the wake of Tyrese Haliburton‘s Achilles injury.

4. Josh Giddey, G, Bulls (RFA)
I don’t know that Giddey is a top-five player among this year’s free agents, but he’s reaching the market at age 22, making him one of the strongest candidates to sign this summer’s biggest free agent contract. He was reportedly seeking $30MM per year when he and the Bulls discussed a rookie scale extension last fall. After a slow start, he finished his contract year strong by averaging 21.2 points, 10.7 rebounds, and 9.3 assists per game on .500/.457/.809 shooting after the All-Star break. One factor potentially working against Giddey is that the Bulls may be wary of bidding against themselves again after committing five years and $90MM to restricted free agent Patrick Williams a year ago.

5. Julius Randle, F, Timberwolves (player option)
Randle wasn’t scoring or shooting as much during his first year as a Timberwolf as he had gotten accustomed to during his years in New York, but after finding his footing in Minnesota, the 30-year-old continued to be an effective scorer, rebounder, and play-maker, putting up averages of 18.7 PPG, 7.1 RPG, and 4.7 APG. Given the lack of league-wide cap room available this summer, declining his $30.9MM player option isn’t a no-brainer. If he goes that route though, Randle should be able to lock in a much bigger overall guarantee on a multiyear deal — even if it means taking a slight short-term pay cut for 2025/26.
Update: Randle reportedly intends to sign a three-year, $100MM contract with the Timberwolves.

6. Fred VanVleet, G, Rockets (team option)
An underrated point guard whose contributions go far beyond his box-score stats, VanVleet has helped transform the culture in Houston, serving as a veteran leader for a young team that improved by 19 wins in his first season as a Rocket, then by 11 more wins in his second season. The Rockets could afford to overpay VanVleet during those two years because their young players were all still on their rookie scale deals, but with the roster starting to get more expensive, the club may decline the 31-year-old’s $44.9MM team option in order to sign him to a longer-term deal with a more manageable first-year cap hit.
Update: VanVleet reportedly intends to sign a two-year, $50MM contract with the Rockets.

7. Jonathan Kuminga, F, Warriors (RFA)
The final few weeks of Kuminga’s season were a microcosm of his first four years in the NBA. After falling out of the Warriors’ rotation entirely for the regular season finale, the play-in game, and most of the first round, the 22-year-old got another opportunity in round two following an injury to Stephen Curry and took full advantage, scoring 24.3 points per contest on 55.4% shooting in Golden State’s final four games. That tantalizing upside as a big-time scorer makes Kuminga one of the year’s most intriguing free agents, even if the fit with the Warriors has been a challenge at times.

8. Naz Reid, F, Timberwolves (player option)
The NBA’s Sixth Man of the Year in 2023/24, Reid put up pretty similar numbers in ’24/25, increasing his points (14.2), rebounds (6.0), and assists (2.3) per game. A beloved Timberwolf, Reid has been the third big man in Minnesota’s frontcourt in recent years, but could be in line for a much more significant role if the team doesn’t retain Randle — or if Reid leaves the Wolves to sign elsewhere. Teams in need of a forward/center who can knock down outside shots will likely take a long look at Reid, with the Pistons said to be among his potential suitors. Still, it will take more than the non-taxpayer mid-level exception ($14.1MM) to make him a competitive offer, so Minnesota is in the driver’s seat to retain him.
Update: Reid reportedly intends to sign a five-year, $125MM contract with the Timberwolves.

9. Cam Thomas, G, Nets (RFA)
There are a lot of red flags to consider with Thomas. He’s not a great play-maker for a ball-dominant guard, isn’t a strong defender, and hasn’t shot three-pointers especially efficiently since entering the league (.345 3PT%). He’s also coming off a series of hamstring injuries that limited him to just 25 outings in 2024/25. But there are few players in the NBA who are better at simply getting the ball in the basket. Thomas has improved his scoring average every year since being drafted in 2021, establishing a new career high with 24.0 PPG this past season. The Nets, who barely have any multiyear contracts on their books, are well positioned to give the 23-year-old a lucrative multiyear deal and hope that he continues to develop the non-scoring aspects of his game.

10. Quentin Grimes, G, Sixers (RFA)
After establishing a reputation during his first three-and-a-half NBA seasons as a solid three-and-D role player, Grimes showed after being traded to the Sixers at the deadline that he’s capable of playing a featured role too, averaging 21.9 points and 4.5 assists per game on .469/.373/.752 shooting in 28 games with Philadelphia. It’s hard to know how much stock to put in those stats, given that the 76ers were very much in tank mode during that stretch of the season, but even if he returns to his complementary role, Grimes is a valuable piece. The Sixers will be looking to re-sign him without going too deep into tax-apron territory.

11. Nickeil Alexander-Walker, G, Timberwolves
The third Timberwolf on our list already, Alexander-Walker has rejuvenated his career in Minnesota after having been an afterthought in the three-team February 2023 trade that sent him from the Jazz to the Wolves. A talented perimeter defender, Alexander-Walker has displayed a reliable outside shot over the past three seasons (.385 3PT%) and will still be just 27 years old when training camps get underway this fall. I’d expect him to be a popular target for teams with the full non-taxpayer mid-level exception available, and he could even end up exceeding that figure.

12. Santi Aldama, F, Grizzlies (RFA)
Aldama flies somewhat under the radar in Memphis, where he plays a complementary role to stars like Ja Morant and Jaren Jackson Jr., but he quietly had a career year in his fourth NBA season, averaging 12.5 points, 6.4 rebounds, and 2.9 assists in 25.5 minutes per contest. His 48.3% mark on shots from the floor and 36.8% percentage on three-point tries were both career bests too. A solid, versatile frontcourt defender, Aldama will be a priority for the Grizzlies this offseason and has a pretty good case to match or exceed the four-year, $58MM contract Obi Toppin signed with Indiana a year ago.

13. Brook Lopez, C, Bucks
If Lopez were 10 years younger, he might be up in the top five of this list alongside Turner, his fellow rim-protecting, floor-spreading center. At age 37, he’ll still draw plenty of interest on the open market, but he’ll have a hard time getting more than a couple guaranteed years. I’ll be interested to see whether Lopez prioritizes one last big payday or if he’s open to accepting a substantial pay cut to take on a role with a team that may be closer than Milwaukee to contending for a title in 2026. He nearly left the Bucks for the Rockets in 2023 — maybe this will be the year he finally changes teams.

14. Bobby Portis, F/C, Bucks (player option)
A reliable part of the Bucks’ frontcourt for the last five seasons, Portis earned Sixth Man of the Year votes in three of those years — he started too many games to qualify in one of the other two seasons, then only suited up a total of 49 times last season due to a 25-game suspension that cost him much of the second half. His consistency is an asset, and it’s one Portis believes he should be rewarded for. He recently spoke about a desire to be “compensated fairly” after accepting what he views as team-friendly contracts in recent years. Given that context, it seems relatively safe to assume he’ll decline his $13.4MM player option in search of a more sizable commitment, either from Milwaukee or another team.
Update: Portis reportedly intends to sign a three-year, $44MM contract with the Bucks.

15. Caris LeVert, G/F, Hawks
With three ball-dominant guards (Donovan Mitchell, Darius Garland, and Ty Jerome) on the roster in Cleveland, LeVert wasn’t an ideal fit for a team that needed more of a three-and-D wing in his spot. The Cavaliers ultimately ended up sending him out in a trade to get exactly that sort of player (De’Andre Hunter). But LeVert thrived leading the second unit in Atlanta following his change of scenery, looking more like the player who frequently averaged between 17 and 20 points per game earlier in his career. The Hawks reportedly want to bring him back in that role and have plenty of cap flexibility to do so.

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Poll: Who Will Win Game 7 Of NBA Finals?

For the first time since 2016, there will be a Game 7 in the NBA Finals.

The last time an NBA Finals went the distance, Cleveland completed a comeback from a 3-1 series deficit against the 73-win Warriors, with a LeBron James chase-down block and a Kyrie Irving three-pointer in the final two minutes of Game 7 helping to seal the first championship in Cavaliers franchise history.

While there’s certainly no guarantee that Sunday’s Game 7 between the Thunder and Pacers will be as dramatic as that one from nine years ago, the two teams have put on an impressive show so far in this year’s Finals, starting with a Tyrese Haliburton game-winning shot with 0.3 seconds left in Game 1 to give the Pacers the upset victory.

The series has been back and forth since then — after falling behind 1-0 and 2-1, the Thunder won Games 4 and 5 and – with Haliburton battling a calf strain – appeared to be on the verge of their first championship since the team relocated to Oklahoma City.

But with their backs against the wall in front of a supportive home crowd in Indianapolis, the Pacers responded by racing out to a 22-point lead by the half of Game 6, then expanded that lead to 30 points by the end of the third quarter. The home fans didn’t exactly have to sweat out a close finish in the fourth.

As resilient as the Pacers have been all postseason, they’ll enter Game 7 as the solid underdogs. BetOnline.ag currently has Oklahoma City listed a 7.5-point favorite.

The Thunder’s regular season success is one big reason why that betting line is where it is. Oklahoma City submitted one of the best seasons in NBA history, with a 68-14 record and a +12.7 net rating. The Pacers also finished strong after getting off to a 10-15 start, but they had more losses by the 25-game mark than OKC did all year.

Home-court advantage in Game 7 is another significant factor to consider. The Thunder had an NBA-best 35-6 home record during the regular season and have gone 10-2 at Paycom Center during the playoffs.

While one of those two postseason home losses came to the Pacers, the Thunder have played far better basketball in Oklahoma City than in Indiana over the course of this series, with averages of 117.7 points and 10.7 per turnovers in their three home games, compared to 103.0 points and 18.7 turnovers per contest on the road.

Still, the Pacers have been excellent away from home over the course of the playoffs, winning seven of 11 games outside of Indiana, and their role players haven’t performed significantly better at Gainbridge Fieldhouse than elsewhere. In the Finals, Aaron Nesmith has knocked down 55.0% of his three-pointers on the road, while Obi Toppin has hit 38.9%. T.J. McConnell has put up 12.7 PPG and 4.7 APG on .630/.750/1.000 shooting in his three Finals road games.

Most importantly, even though his health was a major question mark entering Game 6, Haliburton was able to suit up on Thursday and will do so again on Sunday. The Pacers star said on Saturday that he’s still sore and is getting around-the-clock treatment, but not having to play in the fourth quarter on Thursday helped him and he’ll be good to go on Sunday (Twitter link via Dustin Dopirak of The Indianapolis Star).

Ahead of Sunday’s big game, we want to know what you think.

Do you expect the Thunder, led by Shai Gilgeous-Alexander, Jalen Williams, and Chet Holmgren, to win the first of what they hope will be multiple championships? Or do you expect Haliburton, Pascal Siakam, Myles Turner, and the upstart Pacers to pull off yet another upset and earn the franchise its first NBA title?

Vote in our poll, then head to the comment section below to share your predictions!

Hoops Rumors’ 2025 NBA Offseason Previews By Team

In advance of the NBA’s 2025 draft and free agent period, Hoops Rumors has been previewing the coming offseason for all 30 teams, looking at their salary cap situations and the roster decisions they’ll have to make this summer.

Our Offseason Preview articles are linked below, sorted by conference and division. While a Trade Rumors Front Office subscription is required to read most of them, our Jazz preview is open to all.


Eastern Conference

Atlantic

Central

Southeast


Western Conference

Northwest

Pacific

Southwest

2025 NBA Offseason Trades

As we did with last year’s offseason trades and the in-season swaps from 2024/25, Hoops Rumors will be keeping track of all of the trades made this offseason, right up until the start of the 2025/26 season, updating this post with each transaction.

Trades are listed here in reverse chronological order, with the latest on top. So, if a player has been traded multiple times, the first team listed as having acquired him is the one that ended up with him. If a trade has not yet been formally finalized, it will be listed in italics. The terms or structures of those deals could still change before they’re officially completed.

For our full story on each trade, click on the date above it. For more information on the specific conditions dictating if and when draft picks involved in these deals will actually change hands, be sure to check out RealGM.com’s breakdown of the details on traded picks.

We’ll continue to update this list with the latest specific details on picks and other compensation, as they’re reported.

Here’s the full list of the NBA’s 2025 offseason trades:


2025/26 League Year

August 15

  • Nets acquire Haywood Highsmith and the Heat’s 2032 second-round pick.
  • Heat acquire the Nets’ 2026 second-round pick (top-55 protected).

August 6

  • Jazz acquire Georges Niang, either the Celtics’ or Magic’s 2027 second-round pick (whichever is most favorable) and either the Celtics’ or Cavaliers’ 2031 second-round pick (whichever is most favorable).
  • Celtics acquire RJ Luis (two-way).

July 13

July 9

July 8

July 7

  • Kings acquire Dennis Schröder (sign-and-trade) and either the Pistons’, Bucks’, or Knicks’ 2029 second-round pick (whichever is least favorable).
  • Pistons acquire the Hornets’ 2026 second-round pick (top-55 protected).

July 7

July 7

July 7

July 7

  • Hawks acquire Kristaps Porzingis and a 2026 second-round pick (details below; from Celtics).
  • Celtics acquire Georges Niang, the Cavaliers’ 2031 second-round pick (from Hawks), and cash ($1.1MM; from Nets).
  • Nets acquire Terance Mann and the draft rights to Drake Powell (No. 22 pick).
  • Note: The 2026 second-round pick going to Atlanta will be the least favorable of the following two picks:
    • Either the Celtics’ 2026 second-round pick or the most favorable of the Pacers’ and Heat’s second-round picks (whichever is less favorable).
    • Either the Timberwolves’, Knicks’, Pelicans’, or Trail Blazers’ 2026 second-round pick (whichever is most favorable).

July 6

  • Hawks acquire Nickeil Alexander-Walker (sign-and-trade).
  • Timberwolves acquire the Cavaliers’ 2027 second-round pick and cash ($1.5MM).

July 6

  • Warriors acquire the draft rights to Will Richard (No. 56 pick).
  • Grizzlies acquire the draft rights to Jahmai Mashack (No. 59 pick), the Warriors’ 2032 second-round pick (top-50 protected), and the draft rights to Justinian Jessup.

July 6

  • Rockets acquire Kevin Durant and Clint Capela (sign-and-trade).
  • Suns acquire Jalen Green, Dillon Brooks, Daeqwon Plowden (two-way), 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), and 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).
  • 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), tither the Suns’ or Rockets’ 2032 second-round pick (whichever is most favorable; from Suns/Rockets), and cash ($3.25MM; from Lakers).
    • Note: The Suns, not the Rockets, retain the least favorable of the 2032 second-round picks.
  • 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) and the Celtics’ 2030 second-round pick (from Rockets).
  • Hawks acquire David Roddy (two-way), the right to swap their own 2031 second-round pick for the Rockets’ 2031 second-round pick (56-60 protected; from Rockets), and cash ($85,300; from Rockets).

July 6

  • Pelicans acquire Jordan Poole, Saddiq Bey, and the draft rights to Micah Peavy (No. 40 pick).
  • Wizards acquire CJ McCollum, Kelly Olynyk, Cam Whitmore, and the Bulls’ 2027 second-round pick (from Pelicans).
  • Rockets acquire the draft rights to Mojave King, the Bulls’ 2026 second-round pick (from Wizards) and the Kings’ 2029 second-round pick (from Wizards).
  • 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.

July 6

  • Pacers acquire Jay Huff.
  • Grizzlies acquire the Trail Blazers’ 2029 second-round pick and the right to swap their 2031 second-round pick for either the Pacers’ or Heat’s 2031 second-round pick (whichever is least favorable).

July 6

July 6

July 6

  • Pacers acquire the draft rights to Kam Jones (No. 38 pick).
  • Spurs acquire the Kings’ 2030 second-round pick and cash ($2.5MM).

2024/25 League Year

June 30

  • Lakers acquire the draft rights to Rocco Zikarsky (No. 45 pick).
  • Bulls acquire the draft rights to Lachlan Olbrich (No. 55 pick) in the 2025 draft and cash ($2.5MM).

June 30

  • Suns acquire Mark Williams and the Suns’ 2029 second-round pick.
  • Hornets acquire Vasilije Micic, the draft rights to Liam McNeeley (No. 29 pick), either the Timberwolves’ (top-five protected), Cavaliers’, or Jazz’s 2029 first-round pick (whichever is least favorable).
  • Note: The Suns had traded the Hornets their 2029 second-round pick in a previous deal.

June 29

  • Hornets acquire Collin Sexton and either the Jazz’s or Clippers’ 2030 second-round pick (whichever is most favorable).
  • Jazz acquire Jusuf Nurkic.

June 28

June 26

June 26

  • Magic acquire the draft rights to Noah Penda (No. 32 pick).
  • Celtics acquire the draft rights to Amari Williams (No. 46 pick), the draft rights to Max Shulga (No. 57 pick), either the Pistons’, Bucks’, or Magic’s 2026 second-round pick (whichever is most favorable), and either the Celtics’ or Magic’s 2027 second-round pick (whichever is most favorable).
  • Note: The Celtics had traded their 2027 second-round pick to the Magic in a previous deal.

June 25

  • Jazz acquire the draft rights to Walter Clayton Jr. (No. 18 pick).
  • Wizards acquire 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.

June 25

  • Kings acquire the draft rights to Nique Clifford (No. 24 pick).
  • Thunder acquire the Spurs’ 2027 first-round pick (top-16 protected).

June 25

  • Grizzlies acquire the draft rights to Cedric Coward (No. 11 pick).
  • Trail Blazers acquire the draft rights to Yang Hansen (No. 16 pick), the Magic’s 2028 first-round pick, the Hawks’ 2027 second-round pick, and the Kings’ 2028 second-round pick.

June 25

  • Pelicans acquire the draft rights to Derik Queen (No. 13 pick).
  • Hawks acquire the draft rights to Asa Newell (No. 23 pick) and either the Pelicans’ or Bucks’ 2026 first-round pick (whichever is more favorable).

June 17

  • Pelicans acquire the No. 23 pick in the 2025 draft and the draft rights to Mojave King.
  • Pacers acquire the Pacers’ 2026 first-round pick.
  • Note: The Pelicans had acquired the Pacers’ 2026 first-round pick (with top-four protection) in a previous trade; the Pacers got it back in this deal.

June 15

  • Magic acquire Desmond Bane.
  • Grizzlies acquire Kentavious Caldwell-Pope, Cole Anthony, the No. 16 pick in the 2025 draft, the Magic’s 2026 first-round pick (with swap rights; details below), the Magic’s 2028 first-round pick, the Magic’s 2030 first-round pick, and the right to swap first-round picks with the Magic in 2029 (top-two protected).
  • Note: The Grizzlies will have the ability to swap the Magic’s 2026 first-round pick for the Suns’ 2026 pick (if the Wizards’ first-rounder lands outside of the top eight) or for the least favorable of the Suns’ and Wizards’ 2026 picks (if the Wizards’ first-rounder lands in the top eight).