Stein/Fischer’s Latest: Jerome, Finney-Smith, Turner, Russell, T. Jones, Paul
The Grizzlies appear to be the leaders in the race to sign free agent guard Ty Jerome, according to Marc Stein and Jake Fischer of The Stein Line (Substack link). Jerome is coming off a breakout season, but his salary demands are too high for a Cleveland team on the brink of the second apron, so he’s considered a “lock” to leave in free agency. Stein previously mentioned Charlotte and Utah as other teams to watch for Jerome, but Memphis might be separating itself from the pack.
The main question, according to the authors, is how much the Grizzlies are willing to pay Jerome, who is believed to be seeking a deal starting around the $14.1MM non-taxpayer mid-level exception to Jerome. Memphis has been operating recently with the goal of creating enough financial flexibility to renegotiate and extend Jaren Jackson Jr. while matching any offers for restricted free agent forward Santi Aldama, so any offer for Jerome couldn’t get in the way of those goals.
League sources tell Stein and Fischer that the Grizzlies tried to find a taker for Cole Anthony over the weekend. Sending out Anthony’s $13.1MM contract could enable Memphis to acquire Jerome via sign-and-trade.
There’s more inside information from Stein and Fischer:
- As reported on Sunday, the Rockets appear to be the top threat to sign Dorian Finney-Smith away from the Lakers. Houston has the $14.1MM MLE available, but the authors hear that its offer may cover four years at a little less than the full amount. L.A. is still hoping to re-sign the 32-year-old forward, who was a part-time starter after being acquired from Brooklyn in December. Finney-Smith turned down a $15.4MM player option on Sunday, and Stein and Fischer report surprise throughout the league that his announcement wasn’t accompanied by a new deal with the Lakers.
- There’s “no tangible expectation” that Myles Turner will leave the Pacers in free agency, according to Stein and Fischer. There was some speculation that Indiana might reconsider a new deal with its starting center in the wake of Tyrese Haliburton‘s Achilles injury, but coach Rick Carlisle seemed to squash that when he said on a radio interview last week that re-signing Turner remains the team’s “No. 1 priority.”
- The Mavericks are expected to use their $5.7MM taxpayer MLE to sign Nets guard D’Angelo Russell to a two-year deal, Stein and Fischer add. Even with that addition, which would be the team’s 15th standard contract, they state that Dallas still hopes to open a roster spot to re-sign Dante Exum. The authors expect the Mavs to search for a team willing to take on Olivier-Maxence Prosper‘s $3MM contract for next season. The 2023 first-round pick has a $5.3MM team option for 2026/27, so it’s potentially a one-year commitment.
- The Magic‘s decision on Sunday to decline an $11MM option on Moritz Wagner and a $2.1MM option on Caleb Houstan could create an opportunity to sign free agent point guard Tyus Jones. If Jones leaves Phoenix, Stein and Fischer speculate it could lead to Chris Paul returning to the Suns, as they first reported on Sunday.
Blazers Buy Out Deandre Ayton
JUNE 30: The Trail Blazers put out a press release officially confirming that Ayton has been bought out and placed on waivers. He’s on track to become a free agent on Wednesday evening.
According to Sean Highkin of The Rose Garden Report (Twitter link), the big man gave up enough money in the buyout that Portland should be able to use the full non-taxpayer mid-level exception ($14.1MM) without going into luxury tax territory.
Meanwhile, Michael Scotto of HoopsHype reports (via Twitter) that the Blazers had trade talks about Ayton with a number of teams, but they didn’t want to take back multiyear salary in any deal, which made it difficult to find a match that made sense for both sides.
JUNE 29: The Trail Blazers have reached an agreement on a contract buyout with veteran center Deandre Ayton, reports ESPN’s Shams Charania (via Twitter).
Ayton had been about to enter the final season of a four-year, maximum-salary contract, which was set to pay him $35.5MM in 2025/26. The amount he’s giving up in the buyout has not yet been reported.
The Blazers have drafted centers in the first round of both 2024 (Donovan Clingan) and 2025 (Hansen Yang) and will use this opportunity to clear rotation minutes for their young big men. Portland also still has Robert Williams and Duop Reath under contract, though Williams has only played 61 games over the last three seasons due to health issues.
Ayton averaged 14.4 points and 10.2 rebounds, both of which were below his career rates, in 30.2 minutes per night this past season. He only made 40 appearances while dealing with a calf strain that kept him out of the lineup for much of the second half of the season.
Once he clears waivers, Ayton will become an unrestricted free agent and will have the ability to sign with any NBA team. The Collective Bargaining Agreement includes a rule prohibiting teams operating above either tax apron from signing a waived player who had been earning more than the non-taxpayer mid-level exception, but that restriction only applies during the regular season.
Ayton joins a free agent center group headlined by Myles Turner, Brook Lopez, Clint Capela, and Al Horford. The Lakers are the team most consistently linked to free agent centers and will likely become a top team to monitor for Ayton.
One team that will not be pursuing a partnership with Ayton is Phoenix, according to Gerald Bourguet of PHNX Sports. Bourguet reports, via Twitter, that the Suns have no interest in a reunion with their 2018 first overall pick, who helped them reach the 2021 NBA Finals.
Rockets To Pursue Dorian Finney-Smith
The Rockets may be a prime candidate to secure the services of unrestricted free agent Dorian Finney-Smith, according to Mark Stein and Jake Fischer of The Stein Line (via Twitter), who say that Houston has emerged as a “viable landing spot” for the veteran forward.
Finney-Smith declined his $15.4MM player option on Sunday. Reporting at that time indicated that while there was still the possibility of returning to the Lakers, multiple other teams would be interested in the three-and-D specialist. It appears that the Rockets will be one of those teams.
Finney-Smith split time between the Nets and Lakers last season, averaging 8.7 points, 3.9 rebounds, and nearly a steal per game while shooting 41.1% from three. His numbers dropped somewhat when he arrived in Los Angeles, though his on/off-court numbers were strong and he was reportedly a positive influence in the locker room.
The Rockets, who retained Steven Adams earlier in the summer, recently unlocked access to their $14.1 MM non-taxpayer mid-level exception by re-signing Fred VanVleet on a cheaper deal for more years, which they could use on Finney-Smith as they continue attempting to build out a championship-caliber roster following the acquisition of Kevin Durant.
Free Agent Notes: Rollins, CP3, Aldama, Grimes, Wolves, E. Miller
The Bucks have tendered a qualifying offer to guard Ryan Rollins, making him a restricted free agent, a league source tells Eric Nehm of The Athletic (Twitter link).
After starting the 2024/25 season on a two-way contract in Milwaukee, Rollins was promoted to a rest-of-season standard deal in March. He played a regular role in the backcourt, especially when Damian Lillard missed time for health reasons, and had a solid season, with 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.
His qualifying offer is worth a projected $2.58MM and will give the Bucks the right of first refusal in the event that he signs an offer sheet with a rival team.
Here are a few more free agency notes and rumors from around the NBA:
- Echoing other recent reporting, Tim Reynolds of The Associated Press (Twitter link) says the belief around the NBA is that veteran point guard Chris Paul will play at least one more season and wants to do so in Los Angeles to be close to his family. It’s unclear whether that means the Clippers and Lakers will be the only options he considers or whether other West Coast teams might be in play.
- Zach Lowe of The Ringer (YouTube link; hat tip to RealGM) says he has heard that Grizzlies restricted free agent Santi Aldama will have “full mid-level deals waiting for him” when he hits the market. Memphis would have the ability to match any offer sheet Aldama signs or could simply directly negotiate a new deal with him.
- Within a story that examines the challenges the Sixers will face as they try to retain both Quentin Grimes and Guerschon Yabusele in free agency, Tony Jones of The Athletic cites sources who say Grimes is hoping to sign a contract that averages $25MM annually. An earlier report indicated the restricted free agent guard is expected to land a starting salary worth at least $16MM.
- The Timberwolves, who are expected to lose Nickeil Alexander-Walker in free agency, would like to add another ball-handler if they can, tweets Jon Krawczynski of The Athletic. Minnesota likely won’t be able to offer outside free agents more than the veteran’s minimum due to the team’s position relative to the second tax apron.
- The Bulls have issued a two-way qualifying offer to forward Emanuel Miller, reports Michael Scotto of HoopsHype (Twitter link). The move makes Miller a restricted free agent after he had a solid 2024/25 season in the G League with the Texas Legends and Windy City Bulls.
Lakers’ Dorian Finney-Smith Opting Out Of Contract
Lakers forward Dorian Finney-Smith has decided to turn down his player option for the 2025/26 season, reports Shams Charania of ESPN (Twitter link). The option would have been worth $15.4MM.
Finney-Smith’s decision will make him an unrestricted free agent and multiple teams are expected to pursue him when the free agent period officially opens on Monday evening, per Charania. However, a return to the Lakers remains in play for the 32-year-old as well.
Having been traded from Brooklyn to Los Angeles in December, Finney-Smith appeared in 43 games for the Lakers, making 20 starts. He averaged 7.9 points, 3.9 rebounds, and 1.4 assists in 28.8 minutes per game, posting a shooting line of .442/.398/.714.
While Finney-Smith’s box-score numbers certainly don’t jump off the page, his midseason arrival helped fuel a defensive turnaround in L.A. and his reliable three-point shooting helped space the floor on offense.
His impact was reflected by his on/off-court numbers — no Lakers rotation player had a better regular season net rating than Finney–Smith’s +11.1 mark in 1,239 minutes. The club had a -3.5 mark in the 1,214 minutes he didn’t play after the trade.
If Finney-Smith doesn’t return to the Lakers, they’ll have more spending power in free agency, with the ability to use the non-taxpayer mid-level exception ($14.1MM) and perhaps the bi-annual exception ($5.1MM) too, notes ESPN’s Bobby Marks (Twitter link). However, it would mean losing a key member of their rotation.
Finney-Smith was the No. 20 free agent on our top-50 list entering the offseason. This summer may represent his best chance at one last big-time payday.
Lakers’ LeBron James Opting In For 2025/26
Lakers superstar forward LeBron James is picking up his $52.6MM player option for the 2025/26 season, his longtime agent Rich Paul tells Shams Charania of ESPN.
According to Charania, James will be closely monitoring the Lakers’ moves this summer in the hopes of vying for a title next season.
“LeBron wants to compete for a championship,” Paul told ESPN. “He knows the Lakers are building for the future. He understands that, but he values a realistic chance of winning it all. We are very appreciative of the partnership that we’ve had for eight years with [governor] Jeanie [Buss] and [president of basketball operations] Rob [Pelinka] and consider the Lakers as a critical part of his career.
“We understand the difficulty in winning now while preparing for the future. We do want to evaluate what’s best for LeBron at this stage in his life and career. He wants to make every season he has left count, and the Lakers understand that, are supportive and want what’s best for him.”
James continued to produce at an unprecedented level for a player of his age after turning 40 last December. He was a second-team All-NBA selection, averaging 24.4 points, 7.8 rebounds and 8.2 assists in 70 games. He also earned All-Star honors for the 21st straight season.
James’ season ended in disappointing fashion as the Lakers were ousted by Minnesota in the first round of the playoffs and he suffered an MCL sprain late in the final game. He recently said the injury is healing and he expects to be ready for training camp.
Picking up the option and ensuring that he’ll be a free agent in 2026 is a change in strategy for James, who typically renegotiates to make sure he has another option season left on his contract. He’ll set a record by playing in his 23rd NBA season, but a report on Saturday stated that he has considered retirement every summer since 2023.
Notably, given Paul’s statement above, exercising that player option instead of signing a new deal means James will remain trade-eligible throughout the offseason. He’s one of just two NBA players with a formal no-trade clause in his contract.
Among the moves James will be watching is whether the Lakers can upgrade at center, either through free agency or trades. They were weak at the position after parting with Anthony Davis in the Luka Doncic deal and often played without a big man on the court in the postseason.
If Dorian Finney-Smith – who also holds a player option – returns, the Lakers will likely have the $5.7MM taxpayer mid-level exception available to spend in free agency. If Finney-Smith opts out and signs with a new team or if the Lakers shed salary elsewhere on the roster, they could open up the $14.1MM non-taxpayer mid-level exception.
Lakers’ Goodwin, Kings’ Jones Have Team Options Exercised
The Lakers have exercised their minimum-salary team option for the 2025/26 season on guard Jordan Goodwin, while the Kings have done the same for forward/center Isaac Jones, according to Keith Smith of Spotrac (Twitter links).
Goodwin, 26, signed a two-way contract with the Lakers after the trade deadline in February and played well for the team in the second half of the season, earning a promotion to the standard roster in late March. In 29 total appearances (five starts), he averaged 5.6 points, 3.9 rebounds, 1.4 assists, and 1.0 steal in 18.7 minutes per game, posting a solid shooting line of .438/.382/.818.
As our team option tracker shows, the move doesn’t assure Goodwin of his full $2.35MM salary for next season — only about $25K is guaranteed as a result of the option pick-up. He would have to remain under contract through January 7 in order to be guaranteed the full amount, so his roster spot could still be up in the air depending on how the rest of Los Angeles’ offseason plays out.
As for Jones, the undrafted rookie out of Washington State had a promising debut season for Sacramento in 2024/25, averaging 3.4 points and 1.4 rebounds in 7.6 minutes per game across 40 outings. He made 65.1% of his field goal attempts and was promoted to the 15-man roster in March when he reached his limit of 50 active games.
There have been conflicting reports on whether or not Jones’ $1.96MM salary for 2025/26 will be fully guaranteed as a result of the Kings’ option pick-up.
In other team option news, the Suns have officially picked up guard Vasilije Micic‘s $8.1MM option for next season, Smith notes (via Twitter). That was a required procedural move in order for Micic to be included in the Mark Williams trade with Charlotte.
Suns’ Gillepsie, Lakers’ Koloko Among Two-Way Players Receiving QOs
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):
- Isaiah Crawford, Kings (link)
- Collin Gillespie, Suns link)
- Harrison Ingram, Spurs (link)
- Daniss Jenkins, Pistons (link)
- Spencer Jones, Nuggets (link)
- Christian Koloko, Lakers (link)
- Riley Minix, Spurs (link)
- Jacob Toppin, Hawks (link)
- Luke Travers, Cavaliers (link)
- Tristan Vukcevic, Wizards (link)
- Keaton Wallace, Hawks (link)
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.
Fischer’s Latest: Yabusele, Kornet, Lopez, Hornets, Wolves, D. Robinson
The Spurs weren’t successful in their attempt to trade for Kristaps Porzingis, who was ultimately sent from Boston to Atlanta, but they remain active in their pursuit of another big man, sources tell Jake Fischer of The Stein Line (Substack link).
Fischer echoes a recent report from Michael Scotto of HoopsHype that San Antonio is eyeing Guerschon Yabusele. “Multiple well-placed observers” tell Fischer that the Spurs are viewed as the biggest threat to sign Yabusele, but he hears that the Sixers haven’t given up hopes of keeping him. Fischer notes that San Antonio has a powerful recruiting tool in Victor Wembanyama, Yabusele’s teammate on the French Olympic team. Fischer mentions the Bucks as another team that could make a play for Yabusele.
Yabusele outperformed his contract after returning to the NBA on a one-year, minimum-salary deal following last year’s Summer Games. He became a reliable front court anchor during an injury-plagued season for Philadelphia.
Celtics backup center Luke Kornet could be another Spurs target, Fischer adds.
Fischer shares more inside information from around the league:
- The Bucks could be losing their starting center, as Brook Lopez returns to free agency after getting strong interest from San Antonio and Houston two years ago. Sources tell Fischer that the Lakers are expected to pursue Lopez to fill their vacancy in the middle, and he adds that even if L.A. winds up with another option such as Clint Capela, there’s a belief that Lopez plans to leave Milwaukee.
- Point guards are likely to draw interest on the market beyond teams such as the Kings, Mavericks and Clippers that have obvious needs. Fischer hears that the Hornets are searching for a veteran to back up LaMelo Ball, who has been plagued by injury issues for most of his career and appeared in just 47 games this season. Fischer adds that the Timberwolves are expected to explore trade and free agency options to improve their backcourt, as it appears Nickeil Alexander-Walker is likely to leave in free agency.
- The Heat are awaiting Duncan Robinson‘s decision on his early termination option, which is due by Sunday. Robinson is set to make $19.888MM next season, but only $9.9MM of that is guaranteed. If he opts in, Miami will have 48 hours to waive him after the moratorium ends on July 6 to avoid paying the full amount. Fischer points out that Robinson’s name has been mentioned in several trade rumors over the years, including the Heat’s recent pursuit of Kevin Durant.
Free Agent Rumors: Kuminga, Heat, GPII, Portis, Jones, Bulls
The Heat‘s interest in Warriors restricted free agent Jonathan Kuminga has been overstated, according to Ethan J. Skolnick of Five Reasons Sports and Barry Jackson of The Miami Herald (Twitter links).
[RELATED: Warriors Make Jonathan Kuminga Restricted Free Agent]
Miami has been mentioned multiple times in recent weeks as one of the teams that could make a play for the 22-year-old forward. However, Jackson says there’s no “active pursuit” from the Heat’s end.
Jackson acknowledges in a follow-up tweet that could change in the coming days or weeks, but it doesn’t sound like Kuminga will be a top priority for Miami when free agency opens on Monday evening.
Here are a few more notes and rumors on free agents from around the NBA:
- Veteran guard Gary Payton II appears unlikely to return to the Warriors in free agency, a pair of sources tell Monte Poole of NBC Sports Bay Area (Bluesky link). If Payton walks, Golden State will likely try to add a quality point-of-attack defender to replace him, Poole adds.
- Bucks forward/center Bobby Portis and Lakers forward Dorian Finney-Smith are two potential free agents who are generating a “considerable amount of curiosity” around the NBA, according to Jake Fischer of The Stein Line (Substack link). Portis ($13.4MM) and Finney-Smith ($15.4MM) both hold player options for the 2025/26 season, but if they decline them in search of multiyear deals, they would be at the top of the mid-level market for frontcourt players, Fischer writes. In a follow-up Substack story, Fischer suggests the Bucks are well positioned to retain Portis, perhaps on a longer-term deal after he declines that option.
- Re-signing free agent point guard Tre Jones is a viable possibility for the Bulls, tweets K.C. Johnson of the Chicago Sports Network. As Johnson notes, Billy Donovan and his coaching staff loved what Jones brought to the team in the second half last season, and Chicago’s trade of Lonzo Ball will remove one name from the team’s backcourt depth chart.
- Bobby Marks of ESPN takes an in-depth look at where things stand for all 30 teams entering free agency.