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Nickeil Alexander-Walker Heads To Hawks In Sign-And-Trade

June 30th, 2025 at 7:37pm CST by Dana Gauruder

July 6: The sign-and-trade deal sending Alexander-Walker to Atlanta is complete, according to press releases from the Hawks and Timberwolves.

June 30: Free agent guard Nickeil Alexander-Walker has agreed to a four-year, $62MM deal with the Hawks, ESPN’s Shams Charania reports (via Twitter).

The contract includes a fourth-year player option and a trade kicker, according to Charania (Twitter link).

The Hawks will acquire Alexander-Walker via a sign-and-trade using the $25MM trade exception created by last year’s Dejounte Murray trade, according to cap expert Yossi Gozlan (Twitter link). This will generate a trade exception for the Timberwolves worth half of Alexander-Walker’s starting salary.

The Timberwolves are also receiving cash considerations and a future second-rounder, Jon Krawczynski of The Athletic tweets. The pick is the Cavaliers’ 2027 second-rounder, according to Jake Fischer of The Stein Line (Twitter link).

By going the sign-and-trade route, Atlanta will be able to preserve its non-taxpayer mid-level exception and still has room under the luxury tax line to make use of it.

The Hawks were considered the frontrunners to acquire Alexander-Walker after the Timberwolves reached agreements with two of their other prominent players, Naz Reid and Julius Randle. According to insider Chris Haynes (Twitter link), Trae Young was instrumental in recruiting NAW to Atlanta.

Alexander-Walker emerged as one of the biggest names on the free agent market due to his three-and-D skills. He had a 23-point, six-assist outing against OKC in the Western Conference Finals.

The 26-year-old appeared in every regular season game this season, including 10 starts, averaging 9.4 points, 3.2 rebounds and 2.7 assists. He made 38.1 percent of his threes and has knocked down 36 percent of them in his career. He now slots in as the Hawks’ sixth man, backing up Dyson Daniels at shooting guard.

Clint Capela Agrees To Three-Year Contract With Rockets

June 30th, 2025 at 7:03pm CST by Dana Gauruder

9:12pm: The Rockets are acquiring Capela in a sign-and-trade with the Hawks, according to Jake Fischer of The Stein Line (Twitter link), who reports that Houston is giving Atlanta a second-round pick swap in 2031 and cash to complete the deal.

7:03pm: The Rockets continued to retool their frontcourt by agreeing to a three-year, $21.5MM contract with Hawks free agent Clint Capela, ESPN’s Shams Charania tweets. The contract is fully guaranteed, Charania adds (Twitter link).

It’s no surprise that Capela, who lost his starting job in the second half of this past season, was leaving Atlanta. The Hawks are acquiring Kristaps Porzingis from the Celtics to be their starting big man, at least for next season.

Going to the Rockets, where he started his career, is somewhat of a surprise, given they already have one of the league’s top young big men in Alperen Sengun.

Houston also signed Steven Adams to a three-year extension in mid-June. Where Capela fits on the depth chart remains to be seen.

As for the contract terms, how they’ll acquire Capela is another mystery. Houston also agreed to a four-year deal with forward Dorian Finney-Smith on Monday, apparently via their non-taxpayer mid-level exception. That would mean the Rockets would have to work out a sign-and-trade to bring in Capela.

This past season, Capela started 41 of 55 games and averaged 8.9 points and 8.5 rebounds in 21.4 minutes. That was the first time in eight seasons Capela didn’t average a double-double. He was the Hawks’ regular starting center the previous four seasons after a six-year stay with Houston.

Clippers Sign Brook Lopez To Two-Year Deal

June 30th, 2025 at 6:53pm CST by Eli Cohen

July 6: Lopez is officially a Clipper, according to a press release from the team.

“Brook is an elite rim protector and range shooter who will bring a different dimension to our frontcourt,” president of basketball operations Lawrence Frank said in a statement. “He is also a former champion and a genuine pro who will be a great addition to our group.”

The second year of Lopez’s contract is a team option, tweets Fred Katz of The Athletic.

June 30: After spending seven seasons in Milwaukee, center Brook Lopez is headed back to Los Angeles, having agreed to sign a two-year, $18MM contract with the Clippers, sources tell ESPN’s Shams Charania (Twitter link).

The Clippers were known to be in the market for a reliable veteran big man to back up Most Improved Player runner-up Ivica Zubac. Based on the terms, it looks like they’ll be using a majority of the non-taxpayer mid-level exception to add Lopez.

Using the non-taxpayer mid-level will trigger a first-apron hard cap for the Clippers, who are about $8MM below that threshold, according to ESPN’s Bobby Marks (Twitter link). The club should also still have more than $5MM of its mid-level remaining, notes cap expert Yossi Gozlan (Twitter link).

Lopez had one of his better shooting seasons for the Bucks this year, hitting 37.3% of his 4.7 three-point attempts per night. However, his overall production was slightly down in terms of rebounding and rim protection as the Bucks dealt with a litany of injuries and chemistry issues.

The 37-year-old big man will slot in next to newly retained Nicolas Batum to form a heady, skilled defensive bench pairing. The center duo of Zubac and Lopez should provide the Clippers with a solid defensive anchor at all times, while Lopez will give the club a different look offensively than Zubac, who has made one three-pointer since entering the NBA in 2016.

The Bucks agreed to re-sign Bobby Portis yesterday and reached a new deal with Kevin Porter Jr. earlier today, but the loss of Lopez raises more questions about the direction of a team that will already be without its second star in Damian Lillard, who will miss most or all of 2025/26 with an Achilles tear.

Pistons Add Caris LeVert On Two-Year Contract

June 30th, 2025 at 6:41pm CST by Rory Maher

July 8: LeVert has officially signed with the Pistons, according to a press release from the team (Twitter link).

June 30: The Pistons are signing free agent wing Caris LeVert to a two-year, $29MM contract, reports Shams Charania of ESPN (via Twitter).

It’s a straight two-year deal with no player or team option for the 2026/27 season, tweets Omari Sankofa II of The Detroit Free Press.

The signing could be completed using either the full mid-level exception or cap room, depending on whether the Pistons operate over or under the salary cap.

A nine-year veteran, LeVert split last season between Cleveland and Atlanta after the Cavaliers traded him to the Hawks in February as part of the De’Andre Hunter deal. He made 64 combined appearances in 2024/25, averaging 12.1 points, 3.4 assists and 3.2 rebounds on .467/.373/.710 shooting in 24.9 minutes per game.

LeVert, who played four years of college ball in Michigan with the Wolverines, will be 31 years old in late August.

In addition to his familiarity with Michigan, LeVert also played under Pistons head coach J.B. Bickerstaff for two-plus seasons while they were members of the Cavs.

Grant Afseth first reported that Detroit was viewed as the frontrunner to land LeVert, with The Stein Line later confirming the rumor. The Hawks are reportedly targeting Nickeil Alexander-Walker as their primary free agent addition, though it might take a sign-and-trade to land him.

LeVert will bring versatile offense and play-making to the Pistons and will likely come off the bench behind Cade Cunningham and Jaden Ivey. He could also slot in as a small forward in certain lineups.

The Pistons pivoted to signing LeVert in the wake of the Malik Beasley gambling allegations.

Mavericks Sign D’Angelo Russell To Two-Year Contract

June 30th, 2025 at 6:12pm CST by Rory Maher

July 6: Russell’s deal is official, according to the Mavericks (Twitter link).

June 30: The Mavericks are signing free agent guard D’Angelo Russell to a two-year contract, sources tell Shams Charania of ESPN (Twitter link). The second year will be a player option, Charania notes (via Twitter).

While Charania states that Russell’s deal is worth $13MM, veteran reporter Marc Stein hears (via Twitter) it’s just shy of $12MM.

ESPN’s Bobby Marks confirms (Twitter links) that Russell will be signed using the taxpayer mid-level exception, which will hard-cap the Mavs at the second tax apron. Dallas is about $1.6MM below the second apron, Marks adds.

Stein reported multiple times leading up to free agency that Dallas was the frontrunner to sign Russell to a two-year deal using the taxpayer version of the MLE. Assuming he received the full amount, he will earn $11,654,250 over the next two years.

Russell is a one-time All-Star who is taking a steep pay cut, having earned $18.7MM in 2024/25.

The second overall pick of the 2015 draft, Russell is coming off a down season in which he averaged 12.6 points, 5.1 assists, 2.8 rebounds and 1.0 steal in 58 combined appearances with the Lakers and Nets (25.5 minutes per game). 12.6 PPG and 25.5 MPG represented career lows for Russell, who also posted career-worst percentages from the field (39.0%) and from three-point range (31.4%).

While he is a talented scorer and play-maker who is capable of carrying an offense for stretches, Russell tends to be quite streaky and is a subpar defender. The 29-year-old will likely be the starting point guard for the Mavs until Kyrie Irving is able to return from the torn ACL he sustained in early March.

Nuggets Trade Michael Porter, First-Round Pick To Nets For Cam Johnson

June 30th, 2025 at 6:09pm CST by Luke Adams

July 8: The trade is official, the Nets announced in a press release.

June 30: The Nuggets and Nets have agreed to a trade that will send Michael Porter Jr. and an unprotected 2032 first-round pick to the Nets in exchange for Cameron Johnson, reports Shams Charania of ESPN (Twitter link).

The move will create significant cap flexibility for Denver. Porter is owed a little over $79MM across the next two seasons, while Johnson’s contract has a base value of $44MM over those same two years (he also has some unlikely incentives that count toward the tax aprons).

It also looks like a potential on-court upgrade for the Nuggets. While Porter is an extremely talented scorer and shooter who averaged 18.2 points per game on a .504/.395/.768 shooting line in 77 games for Denver in 2024/25, Johnson is considred a strong defender and is a pretty good scorer and shooter in his own right.

Johnson scored a career-high 18.8 points per game on .475/.390/.893 shooting in 57 outings for the Nets this past season. He also set a new career high with 3.4 assists per contest.

The trade will move the Nuggets’ team salary more than $13MM below the first apron, potentially opening up the non-taxpayer mid-level exception to use in free agency, notes Keith Smith of Spotrac (Twitter link). That could be a valuable tool for a Denver team looking to add quality depth to support a strong starting lineup.

The Nets, meanwhile, will use a chunk of their cap room to accommodate Porter’s incoming salary — if they had been operating over the cap, they wouldn’t be able to swap Johnson straight up for MPJ and his $38.3MM cap hit.

The move will reduce their cap room to about $17MM, tweets ESPN’s Bobby Marks, though that number is fluid, depending on how the team handles its non-guaranteed contracts and whether either of the reported deals for Day’Ron Sharpe and Ziaire Williams go into the room exception.

The unprotected 2032 first-round pick is clearly the prize of the deal for Brooklyn. Nikola Jokic will be 37 years old in 2032, and there’s no guarantee he’ll still be a Nugget anyway, so that pick has a good deal of variability and could turn into a very valuable asset.

Still, the Nets don’t view Porter as a mere salary dump. They’re excited about the former lottery pick – who celebrated his 27th birthday on Sunday – and intend to keep him, tweets Ramona Shelburne of ESPN.

Dorian Finney-Smith Signs Four-Year Contract With Rockets

June 30th, 2025 at 5:33pm CST by Luke Adams

July 7: The Rockets have officially signed Finney-Smith, the team confirmed in a press release.

The deal is fully guaranteed for two seasons, with a non-guaranteed third year and a non-guaranteed fourth-year player option, per Scotto (Twitter link).

June 30: Free agent forward Dorian Finney-Smith is leaving the Lakers in order to sign a four-year, $53MM contract with the Rockets, sources tells Shams Charania of ESPN (Twitter link).

The agreement includes a trade kicker and a mutual option (ie. a non-guaranteed player option) in year four, tweets Michael Scotto of HoopsHype.

Finney-Smith will likely be signed using Houston’s non-taxpayer mid-level exception. A full mid-level deal, starting at the maximum $14.1MM, would be worth $60.6MM, so the Rockets should still have a small portion of the exception left over after signing Finney-Smith, assuming the contract has a standard ascending structure.

Finney-Smith, who was traded from Brooklyn to Los Angeles last December, appeared in 43 games for the Lakers in 2024/25, 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 his box-score numbers certainly don’t jump off the page, Finney-Smith’s 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.

In Houston, he’ll serve as the type of three-and-D wing the Rockets lost when they agreed to trade Dillon Brooks to Phoenix in the Kevin Durant blockbuster.

It’s a major loss for the Lakers, given the role Finney-Smith both on and off the court for the franchise. As Dan Woike of The Athletic tweets, the 32-year-old was a popular presence in the locker room and was well-liked by Luka Doncic. However, a four-year deal for Finney-Smith didn’t fit into L.A.’s long-term plans.

Salary Cap, Tax Line Set For 2025/26 NBA Season

June 30th, 2025 at 4:36pm CST by Luke Adams

The NBA has officially set the salary cap for its 2025/26 season. The cap has come in at $154,647,000, which was the projection all season long. It represents an increase of 10% on last season’s $140,588,000 cap.

Here are the details, courtesy of a league press release (Twitter link), ESPN’s Bobby Marks (Twitter link), and Eric Pincus of Bleacher Report (Twitter link):

Salary cap: $154,647,000
Luxury tax line: $187,895,000
First tax apron: $195,945,000
Second tax apron: $207,824,000
Minimum salary floor: $139,182,000
Non-taxpayer mid-level exception: $14,104,000
Taxpayer mid-level exception: $5,685,000
Room exception: $8,781,000
Bi-annual exception: $5,134,000
Maximum salaries:
- 6 years or fewer: $38,661,750
- 7-9 years: $46,394,100
- 10+ years: $54,126,450
Early Bird exception: $13,936,650
Estimated average salary: $13,870,000
Trade cash limit: $7,964,000
Maximum Exhibit 10 bonus: $85,300
Expanded traded player exception amount: $8,527,000

The first tax apron for the 2025/26 league year ($195,945,000) will be the hard cap for any team that acquires a player via sign-and-trade, signs a player using more than the taxpayer portion of the mid-level exception, signs or acquires a player using a bi-annual exception, uses any portion of its mid-level exception to add a player via trade or waiver claim, uses an expanded traded player exception (ie. takes back more than 100% of a player’s salary using salary-matching), uses a trade exception generated prior to the start of the 2025 offseason, or signs a player who is waived during the regular season and had a salary exceeding $14,104,000.

The second tax apron ($207,824,000) represents the hard cap for a team that uses any portion of the mid-level exception, aggregates two or more player salaries in a trade, sends out cash in a trade, or uses a signed-and-traded player to take back salary.

The salary floor ($139,182,000) is the minimum amount a team must pay its players in 2025/26. A team that doesn’t spend up to that amount by the start of the regular season will pay the shortfall to the NBA and won’t be eligible for its full share of the luxury tax distribution at season’s end.

[RELATED: NBA Maximum Salaries For 2025/26]

The trade cash limit is the maximum amount of money a team can send or receive during the 2025/26 league year. The sent and received categories are separate, so if a team sends out $7,240,000 in one trade and receives $7,240,000 in another, they aren’t back at square one — they’ve reached both limits.

The Early Bird amount represents the maximum starting salary a team can offer a player it intends to re-sign using his Early Bird rights, assuming that amount is greater than 175% of his previous salary.

Players earning below the estimated average salary in 2025/26 who are eligible for a veteran extension can receive a starting salary of up to 140% of the estimated average salary on a new deal. So the maximum starting salary for a player earning below the league average who signs an extension that begins in 2026/27 will be $19,418,000.

The maximum Exhibit 10 bonus is, as its name suggests, the highest possible bonus available to a player who signs an Exhibit 10 contract with an NBA team, gets cut, then spends at least 60 days with that club’s G League affiliate.

This amount ($85,300) is also the maximum two-way protection amount, which means a player who signs a two-way contract before the season can get up to $85,300 guaranteed upon signing. A player who signs a contract with more than $85,300 guaranteed is not subsequently eligible for a two-way contract with that team in 2025/26.

The expanded traded player exception amount ($8,527,000) is the amount of excess salary a team operating under both tax aprons is permitted to take back in a simultaneous trade, assuming that amount is greater than 200% (plus $250K) of the player’s (or players’) outgoing salary and is less than 125% (plus $250K) of the player’s (or players’) outgoing salary. For instance, a non-apron team trading a player with a $10MM cap hit could legally acquire a player earning $18,527,000. We have more information on this rule in our traded player exception glossary entry.

The NBA is projecting its salary cap to rise by 7% in 2026/27, tweets Marks. Most salary projections for contracts signed in ’26/27 and beyond had assumed annual 10% cap increases, so it’s notable that the first official estimate from the league is coming in a little lower than that.

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Mike Brown Getting Second Interview For Knicks Head Coaching Job

June 30th, 2025 at 4:25pm CST by Dana Gauruder

The Knicks, who are still looking to fill their head coaching position, are bringing back Mike Brown for a second interview, Stefan Bondy of the New York Post reports. He’s the first candidate to get a follow-up interview but there could be more, Bondy adds.

He’s considered a “strong candidate” to get the job, according to ESPN’s Shams Charania (Twitter link), who confirms that Brown is receiving a second interview.

Taylor Jenkins, Micah Nori and James Borrego are also known to have interviewed for the head coaching position. Jenkins was let go by the Grizzlies late in the regular season. Nori is one of the Timberwolves top assistants, while Borrego is New Orleans’ associate head coach after a stint as the Hornets head coach.

Brown, who was fired by the Kings this past season, has been a head coach as far back as 2005, when Cleveland hired him. He had two head coaching stints with the Cavaliers, sandwiching a season with the Lakers. Brown was one of Steve Kerr’s top assistants with Golden State from 2016-22 before Sacramento hired him as its head coach.

The Kings had a 13-18 record when Brown was dismissed but the move didn’t produce the desired result, as Sacramento finished with a 40-42 mark.

The Knicks were rebuffed by numerous teams to interview their current coaches after they fired Tom Thibodeau despite reaching the Eastern Conference Finals.

Brown reportedly has a close relationship with Knicks executive William Wesley, Bondy notes.

Jazz, Jordan Clarkson Agree To Contract Buyout

June 30th, 2025 at 1:52pm CST by Rory Maher

6:30 pm: Clarkson has officially been bought out and waived, according to a press release from the Jazz.

1:52 pm: Veteran guard Jordan Clarkson is finalizing a buyout agreement with the Jazz, sources tell Shams Charania of ESPN (Twitter link).

According to Charania, Clarkson plans to prioritize contenders when he becomes a free agent, which will occur two days after he’s officially released by Utah. “Multiple playoff teams” are expected to be interested in the 33-year-old, Charania adds.

Clarkson was on an expiring contract that will pay him approximately $14.3MM in 2025/26. It remains to be seen how much of that he’ll be giving back, but the Jazz could have about $30MM in breathing room beneath the luxury tax line to make further moves, notes Yossi Gozlan of The Third Apron (via Twitter).

The Knicks are a team to monitor for Clarkson, according to Steve Popper of Newsday (Twitter link), who says New York has expressed a level of interest in the former Sixth Man of the Year winner in prior trade talks.

Multiple recent reports indicated that Utah was looking to find a trade partner to take on Clarkson’s contract, but the team was unable to find a deal to its liking.

A former second-round pick (46th overall in 2014), Clarkson has spent the past five-and-a-half years with the Jazz after previous stops with the Lakers and Cavaliers. He’s known for providing instant offense off the bench, but appeared in a career-low 37 games last season due to a left foot injury (Utah was also trying to improve its lottery standing).

Overall, Clarkson averaged 16.2 points, 3.7 assists and 3.2 rebounds in his 37 appearances (26.0 minutes per contest). His shooting slash line was .408/.362/.797.

The Jazz clearly plan to give major backcourt minutes to their recent draft picks for the upcoming season, having traded Collin Sexton to Charlotte for Jusuf Nurkic. They’re also waiving Johnny Juzang and, once the buyout is complete, Clarkson.

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