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Nuggets Will Complete Valanciunas Trade, Want To Keep Him On Roster

July 6: The Nuggets have informed Valanciunas’ representatives that they “fully intend” to have him honor his NBA contract and view him as a critical addition to their roster, reports Shams Charania of ESPN (Twitter link).


July 5: The Nuggets will complete their trade with the Kings for Jonas Valanciunas when the NBA lifts its moratorium on Sunday, league sources tell Marc Stein of The Stein Line (Twitter link).

Valanciunas has received an offer to join Panathinaikos in Greece, but Stein hears that Denver remains determined to have him honor his NBA contract and serve as Nikola Jokic‘s backup next season.

Valanciunas has two years left on his current deal, with a $10.4MM guaranteed salary for 2025/26 and a $10MM non-guaranteed salary in 2026/27. Regardless of his mutual interest with Panathinaikos, he can’t get FIBA clearance to sign elsewhere unless the Nuggets release him from that contract.

A report on Friday stated that the 33-year-old center had arrived in Athens and was preparing to undergo a physical and finalize a three-year deal worth 12 million Euros with the Greek team. Valanciunas didn’t speak with reporters at the airport and hasn’t commented on the situation since the trade to Denver was announced.

Michael Scotto of HoopsHype recently reported that the Nuggets have been trying to acquire Valanciunas for a couple of years to provide a sturdy veteran backup for Jokic. That was an area of need throughout last season and the playoffs, and they created room to take on Valanciunas’ salary by agreeing to send Michael Porter Jr. to Brooklyn in a deal for Cameron Johnson.

Sacramento will receive veteran big man Dario Saric in return for Valanciunas. Saric turned in a disappointing season after signing with Denver last summer, but he has been a productive reserve with several teams for the past few seasons.

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:
  • 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:
  • 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).
  • 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)

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.

Wizards, Pelicans, Rockets Compete Three-Team Trade

As expected, the Wizards have rolled a pair of trade agreements with the Pelicans and Rockets into the same deal, officially completing the two deals as a single three-team transaction, per a press release from New Orleans.

The terms of the trade are as follows:

The original trade agreement between Washington and New Orleans was reached on June 24, a day before the first round of the draft, with the Whitmore deal between Houston and Washington just agreed upon yesterday.

It was beneficial for the Wizards to combine the two deals into a single trade because they were sending out any matching salary to the Rockets for Whitmore. While they could have used one of several cap exceptions they had on hand to take on Whitmore’s $3.54MM salary for 2025/26, including him in this deal allows them to use their 125% allowance for Poole’s and Bey’s outgoing salary to acquire him, McCollum, and Olynyk.

The only new part of this deal is the Rockets acquiring the draft rights to King from New Orleans, which was necessary to ensure that Houston and New Orleans were “touching” as part of the three-team deal.

You can read our original story on the Wizards/Pelicans deal headlined by McCollum and Poole here, while our report on the Wizards’ deal for Whitmore is here.

Resolution On Bradley Beal Expected Soon

The SunsBradley Beal era may be nearing an end. John Gambadoro of Arizona Sports 98.7 FM in Phoenix (Twitter link) anticipates the two sides will come to a “decision and resolution” on Beal’s future within the next 24-48 hours.

Phoenix has been reportedly been discussing a buyout with the former three-time All-Star guard. The Heat and Bucks are rumored to have interest if the 6’4″ vet does indeed become a free agent.

Beal is still under contract for two more years at an exorbitant sticker price of $110.8MM and has a prohibitive no-trade clause in his deal, which has given him major leverage in dictating his fate. The Suns made him available prior to the trade deadline and did so again this offseason, but have had no luck finding a suitable deal.

Beal hasn’t appeared in more than 60 games across any of the past six seasons, missing an average of 26.5 contests a year in that span. When healthy, he’s a solid scorer, although he struggled to mesh with All-Stars Kevin Durant and Devin Booker during his time in Phoenix.

As a member of the 36-46 Suns in 2024/25, Beal appeared in just 53 contests but averaged 17.0 points, 3.7 assists, 3.3 rebounds, and 1.1 steals per contest, with a strong shooting line of .497/.386/.803. Former head coach Mike Budenholzer tinkered with Beal’s place in his rotation, moving him back and forth between the starting lineup and a reserve role.

Resolution on Beal’s situation doesn’t necessarily mean he’ll be waived, though it seems like the most probable outcome. He must agree to give up at least $13.8MM in a buyout for the Suns to be permitted to stretch his remaining salary across five seasons, as we detailed earlier this week. That scenario would create huge cap flexibility and tax savings for Phoenix this season, allowing the club to move from above the second tax apron to below the luxury tax line.

The Suns could also waive Beal and carry his remaining salary on their books for the next two seasons, without stretching it. The other alternative would be to reach a decision to have him start the season on the roster.

If Beal reaches free agency, the Bucks may be more motivated than the Heat to make another splashy signing this summer, Barry Jackson of The Miami Herald suggests (Twitter link).

Milwaukee has been extremely aggressive in its efforts to build a contender around two-time MVP Giannis Antetokounmpo in the wake of a devastating Achilles tendon tear injury to his All-Star running mate Damian Lillard. The Bucks ultimately opted to stretch-and-waive Lillard’s contract in order to sign ex-Pacers center Myles Turner to a lucrative free agent deal, but the team still could use some veteran leadership in the backcourt.

NBA’s 2025 July Moratorium Ends

The NBA’s 2025 July moratorium has officially ended, as of 11:00 am Central time, meaning teams are now allowed to conduct all official business. The moratorium is the period at the start of the NBA league year when teams are permitted to agree to trades and free agent contracts, but can’t yet formally finalize them.

[RELATED: 2025 NBA Free Agent Tracker]

There are a number of types of deals that can be completed during the moratorium, as we’ve seen since Tuesday. Teams can sign first- or second-round picks to their rookie contracts, two-way contracts can be made official, and players signing minimum-salary contracts can also finalize those deals. Still, the majority of the deals agreed upon since the end of the NBA Finals are not yet official.

Although the end of the moratorium signals the beginning of official business for many teams, those teams aren’t obligated to immediately finalize deals reached during the moratorium. Salary-cap machinations and intertwined trades mean that patience will be required on certain moves.

The Grizzlies, for instance, are signing Santi Aldama to a three-year, $52.5MM contract, but doing so will increase his cap charge from approximately $11.9MM (his cap hold) to over $16MM (his new starting salary). Memphis will wait until it has used up all its cap room and then will go over the cap to complete that signing, so as not to unnecessarily sacrifice needed space.

[RELATED: 2025 NBA Offseason Trades]

Now that the moratorium has lifted, we’ll be updating our stories of contract and trade agreements to reflect when they become official.

Although we typically bump our stories on trades or contract agreements to the top of the site once they’re made official, we don’t want to flood our front page with “old” news today. Instead, we’ll be publishing and updating a single article that tracks which previously reported agreements are officially finalized today, linking back to our original stories on those deals.

If there’s a new development that changes a transaction in a meaningful way – such as multiple trade agreements being rolled into a single deal or a player signing a contract for different terms than initially reported – we’ll provide a separate update on those, either via a new story or by pushing our original story to the top of the site.

Grizzlies To Sign Jock Landale, Trade Jay Huff To Pacers

July 6: The Huff trade is official, according to the Grizzlies (Twitter link).


July 5: Free agent center Jock Landale has reached a contract agreement with the Grizzlies, sources tell Shams Charania of ESPN (Twitter link). Memphis will make room on its roster by sending Jay Huff to the Pacers in exchange for a future second-round pick and a second-round pick swap, Charania adds (Twitter link).

Landale was waived by the Rockets on Thursday before his $8MM salary for the upcoming season became guaranteed. He was expected to be on the move on after Houston agreed to sign Clint Capela in free agency, adding to its center depth along with Alperen Sengun and Steven Adams.

The 29-year-old big man signed a four-year, $32MM contract with the Rockets in 2023 that contained just one fully guaranteed season. He appeared in 42 games this year, averaging 4.8 points and 3.3 rebounds in 11.9 minutes per night.

Landale’s new contract with Memphis will cover one year at the veteran’s minimum, sources tell Kelly Iko of The Athletic (Twitter link).  He will provide another option for Memphis in light of Zach Edey‘s uncertain status after undergoing ankle surgery in June.

Indiana was able to pick up an additional big man in Huff after losing Myles Turner to Milwaukee earlier this week. The Pacers will be the fifth team in five years for the 26-year-old center, who is coming off his best NBA season. He appeared in 64 games for Memphis, averaging 6.9 points and 2.0 rebounds in 11.7 minutes per night while shooting 51.5% from the field and 40.5% from three-point range.

Huff will make $2.4MM and $2.7MM over the next two seasons, and his contract includes a $3MM player option for 2027/28.

The draft choice headed to Memphis will be a 2029 second-rounder that originally belonged to Portland, while the option for the second-round pick swap will take place in 2031, according to Michael Scotto of HoopsHype (Twitter link).

Rockets To Trade Cam Whitmore To Wizards

The Rockets have agreed to trade forward Cam Whitmore to the Wizards, reports Shams Charania of ESPN (Twitter link). According to Charania, Houston will acquire a pair of second-round picks in return.

Whitmore, a Maryland native who will turn 21 on Tuesday, was selected out of Villanova with the 20th overall pick in the 2023 draft. It was viewed as a steal at the time for the Rockets, given that the 6’7″ forward was widely viewed as a top-10 – or even top-five – pick leading up to the draft.

However, while Whitmore flashed some major upside as a scorer off the bench during his first two NBA seasons, he wasn’t able to carve out a consistent role for a deep Rockets team. He made a total of 98 appearances from 2023-25, averaging 10.8 points and 3.4 rebounds in 17.4 minutes per game, with a shooting line of .449/.357/.707.

The Rockets worked with Whitmore and his representatives in recent weeks in an effort to find a new home, per Charania (Twitter link). He should get an opportunity to play more significant – and more consistent – minutes for a rebuilding Wizards team that will be looking for some of its young players to establish themselves as long-term building blocks.

Moving Whitmore will help generate a little extra flexibility below a first-apron hard cap for a Rockets team that was expected to have to part with Whitmore or Jeenathan Williams to stay below that threshold once its reported deals for Kevin Durant and Clint Capela are official.

Houston will acquire Chicago’s 2026 second-round pick and Sacramento’s 2029 second-rounder in the deal, a league source tells Josh Robbins of The Athletic (Twitter link).

The Wizards, meanwhile, have no shortage of cap exceptions they could use to take on Whitmore’s $3.54MM salary without sending back a player themselves, but it sounds like they won’t need to use their mid-level, bi-annual, or existing trade exceptions. Varun Shakar of The Washington Post says this deal is expected to be folded into a larger trade with the Pelicans when it goes official.

Washington will have until October 31 of this year to decide whether or not to exercise Whitmore $5.46MM team option for the 2026/27 season. Assuming the Wizards pick up that option, he’ll become eligible for a rookie scale extension a year from now.

Chicago and Denver were reportedly among the other teams that expressed some level of interest in Whitmore before the Rockets made a deal with Washington.

Bulls RFA Giddey Reportedly Still Seeking $30MM Annually

The Bulls and restricted free agent guard Josh Giddey are having “good dialogue” during the first week of free agency, says Joe Cowley of The Chicago Sun-Times (Twitter link).

However, according to Cowley, Giddey’s camp is “dug in” on matching the contract extension Jalen Suggs signed with Orlando last fall.

Reports since October have continually cited an asking price of $30MM annually from Giddey and his reps. Several of 2024’s top rookie scale extension candidates were seeking that same per-year salary at the time, and Suggs and Hawks forward Jalen Johnson ended up at exactly that figure, signing five-year deals worth $150MM apiece.

Giddey didn’t do anything to hurt his case for a big payday in 2024/25. After an up-and-down start as he got acclimated to his new NBA home, the 22-year-old had a huge second half, posting averages of 21.2 points, 10.7 rebounds, 9.3 assists, and 1.5 steals with a shooting line of .500/.457/.809 in his final 19 games, 12 of which were Bulls victories.

Giddey’s full-season averages were 14.6 PPG, 8.1 RPG, 7.2 APG, and 1.2 SPG on .465/.378/.781 shooting. Several of those marks, including the three-point percentage, were career highs.

Still, while Giddey had a strong first season in Chicago and looks like the Bulls’ point guard of the future, he and several of the other top restricted free agents on the market may have a hard time maximizing their earnings this summer with so little cap room available around the league. With no other potential suitors in position to realistically get up to the neighborhood of $30MM per year for Giddey, the Bulls have a good amount of leverage and can afford to be patient.

The Bulls’ front office may also be wary of bidding against itself for Giddey after completing a five-year, $90MM deal with former lottery pick Patrick Williams when he was coming off his rookie contract last summer. Chicago reached that agreement before free agency even opened, then saw Williams’ production take a step backwards in the first year of the contract.

Magic Re-Sign Moritz Wagner

July 7: The Magic have officially signed Wagner, the team announced today in a press release (Twitter link).


July 4: The Magic and veteran free agent Moritz Wagner have agreed to a one-year, $5MM deal that will see the big man return to Orlando, according to reports from Jason Beede of The Orlando Sentinel and  Shams Charania of ESPN (Twitter link).

The older brother of Magic star Franz Wagner, Moritz has been with the team for four-plus seasons, having originally signed late in the 2020/21 campaign.

Wagner appeared well on his way to a career year in 2024/25, with averages of 12.9 points and 4.9 rebounds in 18.8 minutes per game and a shooting line of .562/.360/.718 through 30 contests. However, a torn left ACL in December prematurely brought his season to an end.

Faced with an increasingly expensive roster – and with Wagner still recovering from that ACL tear – Orlando declined its $11MM team option on the 6’11” forward/center last weekend, but there was always an expectation that the club wanted to bring him back at a reduced rate. With his Bird rights in hand, the Magic have the ability to re-sign Wagner without using any mid-level or bi-annual exception money.

Wagner will have the ability to veto a trade in 2025/26, per Michael Scotto of HoopsHype (Twitter link). That right is automatically awarded to a player who re-signs with his previous team on a one-year deal or a two-year deal with a second-year option, though many players agree to waive that veto ability as part of their contract agreement (as Wagner did a year ago).

Having traded for Desmond Bane last month and agreed to sign Tyus Jones in free agency earlier this week, Orlando now projects to operate in luxury-tax territory for the 2025/26 season.

According to ESPN’s Bobby Marks (via Twitter), the Magic only have enough room below their first-apron hard cap to sign second-round pick Noah Penda or a veteran-minimum player as their 14th man, but not both, unless perhaps Jones’ and Wagner’s deals come in a little lower than reported.

NBA Players Lose $484MM From 2024/25 Salaries

The NBA’s basketball-related income (BRI) for the 2024/25 season came in at $10.247MM, as first reported by Eric Pincus of Bleacher Report (Twitter link) and as outlined in greater detail by Kurt Badenhausen of Sportico. That total was less than projected, resulting in player salaries being reduced by a total of approximately $484MM for ’24/25.

The NBA’s Collective Bargaining Agreement calls for players to earn 51% of the NBA’s BRI in each season, and the league holds back a percentage of player salaries in order to ensure that revenue split is achieved. In 2024/25, 10% of player salaries were held in escrow, and 91% of that money in escrow was ultimately sent to the teams, with just 9% going to the players.

As a result, players earned just 90.9% of their reported salaries in 2024/25. For a player like Warriors star Stephen Curry, who had the NBA’s highest ’24/25 cap hit at $55.76MM, that would mean his actual earnings were about $5MM less than that.

Badenhausen suggests overall league revenue came in lower than originally anticipated due to a variety of factors, including a turbulent year for local media deals. The fact that multiple small-market teams – including the Pacers and the champion Thunder – made deep playoff runs also likely reduced the overall gate receipts for the playoffs, he adds.

While players came out on the wrong end of the escrow split this season, that isn’t always the case. As Badenhausen points out, in three straight seasons from 2014-17, league revenue surged to the point that players not only got back the full amount of their salaries held in escrow but also received supplemental checks to ensure the BRI split was met.

Conversely, during the COVID-shortened seasons, the league held back a higher percentage of player salaries in escrow due to the lost revenue.

The players shouldn’t have to worry about receiving their full salaries in 2025/26, Badenhausen writes, with the league’s new media deals taking effect. The NBA will be collecting roughly $7 billion annually as a result of their 11-year, $76+ billion agreements with ESPN/ABC (Disney), NBC, and Amazon, beginning this season. The league’s previous media deal with Disney and Warner Bros. Discovery (TNT) was worth $24 billion over nine seasons, or about $2.7 billion per year.