Newsstand Rumors | Hoops Rumors

Thunder Sign Chet Holmgren To Five-Year Max Extension

July 13th, 2025 at 8:45pm CST by Dana Gauruder

July 13: The Holmgren extension has been made official, per a press release from the Thunder.

July 9: Thunder big man Chet Holmgren has agreed to a fully-guaranteed, five-year maximum rookie contract extension, ESPN’s Shams Charania reports (Twitter link).

Holmgren’s first-year salary under the extension will start at 25% of the 2026/27 salary cap, ESPN’s Bobby Marks tweets. Based on the NBA’s latest cap projection, that would work out to a five-year, $240MM deal.

The second pick of the 2022 draft, Holmgren has battled through injuries in his first three years as a pro but has excelled during his time on the court.

After not playing at all during the 2022/23 season due to a foot injury suffered during the offseason, Holmgren bounced back to start every game in the 2023/24 season, averaging 16.5 points, 7.9 rebounds, 2.4 assists and 2.3 blocks per night.

A pelvic fracture limited Holmgren to 32 regular season games this past season. He posted averages of 15.0 points, 8.0 rebounds, 2.0 assists and 2.2 blocks prior to the playoffs, then started all 23 postseason contests en route to the franchise’s first championship since moving to Oklahoma City. He averaged 15.2 points, 8.7 rebounds, 1.0 assists and 1.9 blocks during the title run.

Holmgren joins league Most Valuable Player Shai Gilgeous-Alexander among current OKC players to receive max extensions. The next order of business is to give star forward Jalen Williams a max contract of his own. He’s also eligible for a rookie scale extension this offseason.

While we’ll wait for the official details to confirm, it doesn’t sound as if Holmgren’s deal will include Rose Rule language that could increase the value of that first year beyond 25% of the cap if he makes an All-NBA team, wins Defensive Player of the Year, or is named MVP.

Charania’s report does say the value of the extension could reach $250MM, which would exceed the projected value of a standard 25% max deal even if the cap rises by the maximum allowable 10% next year (it’d be worth $246.6MM in that scenario). However, that may just be a case of generously rounding up.

Grizzlies Renegotiate, Extend Jaren Jackson Jr.’s Contract

July 13th, 2025 at 6:18pm CST by Rory Maher

July 13: Jackson’s renegotiation and extension are official, the team announced (via Twitter).

June 30: The Grizzlies are expected to renegotiate and extend Jaren Jackson Jr.‘s contract, according to Shams Charania of ESPN, who reports (via Twitter) that Memphis is giving the former Defensive Player of the Year a five-year, $240MM deal.

The forward/center’s new extension will feature a player option for the 2029/30 season, sources tell Charania (Twitter link).

It’s worth noting that the Grizzlies do not currently have the requisite cap room to renegotiate and extend Jackson at the salary that Charania reported — additional cost-cutting moves will be necessary in order to complete the transaction.

John Konchar and Cole Anthony have been rumored as salary-dump candidates, and Charania suggests (via Twitter) that Anthony will likely be the odd man out. The 25-year-old guard is on an expiring $12.9MM contract, but Charania’s reporting suggests he’ll likely be traded or bought out.

[UPDATE: Cole Anthony Agrees To Buyout With Grizzlies, Plans To Join Bucks]

Giving Jackson a lucrative new deal was long expected to be a top priority for Memphis. The 25-year-old was entering the final year of his current contract, which would have paid him about $23.4MM in ’25/26.

Based on the terms of his new deal, his salary for next season will need to be increased by nearly $10MM as part of the renegotiation — the $240MM total by Charania likely includes the $23.4MM he’s already owed for next season, so it’ll be closer to $217MM in new money.

As Keith Smith of Spotrac tweets, the Grizzlies need to trim about $7MM in payroll for next season to finalize Jackson’s deal. They’ll have access to the room version of the mid-level exception by operating below the cap, with free agent guard Ty Jerome a rumored target.

Jackson was named an All-Star for the second time last season and earned a spot on the All-Defensive Second Team. In 74 games (29.8 MPG), he averaged 22.2 PPG, 5.6 RPG, 2.0 APG, 1.2 SPG and 1.5 BPG, with a shooting line of .488/.375/.781.

The Grizzlies have also agreed to a three-year, $52.5MM deal with restricted free agent forward Santi Aldama, according to Charania.

Memphis has been busy this offseason, trading Desmond Bane to Orlando in a blockbuster deal that saw the Grizzlies acquire four first-round picks, one first-round swap, Kentavious Caldwell-Pope and Anthony. The Grizzlies then used two of those picks to move up in the draft and land Washington State wing Cedric Coward.

Nuggets, Kings Officially Swap Jonas Valanciunas, Dario Saric

July 13th, 2025 at 4:21pm CST by Eli Cohen

The Nuggets‘ trade sending Dario Saric to the Kings in exchange for Jonas Valanciunas is now official, according to a press release from Denver.

The trade agreement between the two teams was first reported on July 1. At the time, it seemed like a fairly straightforward deal — Denver was adding a reliable backup center behind Nikola Jokic, while Sacramento was reducing its team salary by swapping out Valanciunas’ $10.4MM salary for Saric’s $5.4MM expiring contract, allowing the Kings to stay out of tax territory while completing other moves.

However, it became more complicated within the past 12 days, as word broke that Valanciunas had a three-year contract offer on the table from the Greek team Panathinaikos that he wanted to accept.

While there has been no indication that the mutual interest between Valanciunas and Panathinaikos has waned, the Nuggets have reportedly told the 33-year-old and his camp that they want the big man the honor his contract. According to reports, Denver had maintained interest in Valanciunas in recent years and views him as a critical addition to its roster.

In order to sign with Panathinaikos, Valanciunas would have to negotiate a buyout with the Nuggets and get a FIBA letter of clearance — as long as he’s on an NBA contract, he can’t unilaterally decide to play in another league, without Denver’s cooperation. Now that the trade is official, he and the Nuggets can formally sit down and discuss next steps, but it sounds for now as if the plan is to have him in camp in Denver in the fall.

Valanciunas landed with the Wizards via sign-and-trade last summer, then was traded to the Kings in February. The durable center made 81 total appearances last season in Washington and Sacramento, averaging 10.4 points, 7.7 rebounds and 2.0 assists in 18.8 minutes per contest.

Saric, meanwhile, couldn’t carve out a rotation role in Denver after signing with the team as a free agent in 2024. He made just 16 appearances, averaging 3.5 points and 3.1 rebounds in 13.1 minutes per night. It’s unclear whether the Kings intend to keep him on their roster entering next season — a return to Europe could be in the cards for the 6’10” forward/center if he reaches free agency.

Luke Adams contributed to this story.

Jalen Williams Signs Five-Year Max Extension With Thunder

July 13th, 2025 at 12:05pm CST by Rory Maher

July 13: Williams’ extension is official, the Thunder announced in a press release.

July 10: The defending champion Thunder and All-Star forward Jalen Williams have agreed to a maximum-salary rookie scale extension that covers five years, agents Bill Duffy and Justin Haynes tell Shams Charania of ESPN (Twitter link).

Jordan Richard of Swish Cultures was first to report the news (via Twitter).

Williams’ new five-year extension is fully guaranteed and does not feature a player or team option, according to Kelly Iko of The Athletic (Twitter link).

Williams’ extension will kick in during the 2026/27 campaign and he will earn at least 25% of that season’s salary cap. Based on the NBA’s latest cap projection, that would work out to a five-year, $240MM deal.

I used the term “at least” because all three reports state that Williams could earn more than that (up to $287MM), which implies his new deal has Rose Rule language that would make him eligible for a starting salary worth up to 30% of next season’s cap if he meets certain performance criteria, such as making an All-NBA team.

The 24-year-old wing is coming off a career-best season in which he averaged 21.6 points, 5.3 rebounds, 5.1 assists, and 1.6 steals in 32.4 minutes per game across 69 outings, with a .484/.365/.789 shooting line. He earned a spot on the All-Defensive second team, as well as the All-NBA third team.

Despite that All-NBA nod in 2025, Williams has not yet met the Rose Rule performance criteria — he will have to achieve the performance criteria again in 2026 to reach that higher salary.

Williams averaged 21.4 points per game for the Thunder during their postseason run to a championship despite dealing with a torn scapholunate ligament in his right wrist, which he underwent surgery to address. He recently said he was dealing with a wrist sprain for most of last season and tore the ligament on April 9.

Charania reported on Wednesday that Williams and the Thunder had “momentum” on an extension. Oklahoma City also agreed to five-year, maximum-salary deal with big man Chet Holmgren on Wednesday, though his rookie scale extension does not appear to contain Rose Rule language.

The Thunder have now locked up MVP Shai Gilgeous-Alexander, Williams and Holmgren to long-term mega-deals this offseason, with SGA officially signing his super-max extension on Tuesday.

Cole Anthony Agrees To Buyout With Grizzlies, Plans To Join Bucks

July 13th, 2025 at 8:03am CST by Arthur Hill

July 13: The buyout is official, the Grizzlies announced (via Twitter).

July 12: Cole Anthony has reached a buyout agreement with the Grizzlies, sources tell Shams Charania of ESPN, who adds that Anthony plans to sign with the Bucks once he clears waivers.

Anthony, who was acquired from Orlando in last month’s Desmond Bane trade, has an expiring $12.9MM contract. Charania doesn’t say how much money Anthony is giving up in the buyout, but it’s expected to be similar to whatever salary he gets in Milwaukee, likely a veteran’s minimum contract for one year.

When the move becomes official, Memphis will be able to use cap room to renegotiate and extend Jaren Jackson Jr.‘s contract, per Bobby Marks of ESPN (Twitter link). Once that happens, the Grizzlies can officially re-sign forward Santi Aldama and finalize their reported deal with free agent guard Ty Jerome.

Selected with the 15th pick in the 2020 draft, Anthony spent his first five NBA seasons with the Magic. He had been a consistent double-digit scorer throughout his career, but his playing time decreased last season and his scoring average dropped to 9.4 PPG.

The addition of Anthony will give Milwaukee 14 standard contracts. That includes Andre Jackson, whose deal won’t become fully guaranteed until opening night.

Agent Says LeBron James Hasn’t Asked To Be Traded

July 12th, 2025 at 10:01pm CST by Arthur Hill

Trade speculation has been swirling around LeBron James for the past two weeks since his decision to exercise a $52.6MM player option for next season was accompanied by a statement from agent Rich Paul indicating that James will be monitoring the Lakers‘ personnel moves to make sure they’re assembling a championship-level roster.

During today’s broadcast of L.A.’s Summer League game (Twitter video link), Dave McMenamin of ESPN relayed a conversation with Paul, who said James hasn’t asked him to work out a trade and he hasn’t discussed the possibility of a future trade with team officials. McMenamin adds that four teams contacted Paul directly to express interest in acquiring James.

Paul also dispelled a theory that James is upset because the Lakers didn’t offer him a contract beyond 2025/26, with McMenamin saying that Paul and James never asked the team for that.

James was at Saturday’s game to watch his son, Bronny James, and the rest of L.A.’s Summer League squad. McMenamin said he gave LeBron a chance to appear on the broadcast to discuss the situation, but he responded, “I ain’t got nothing to talk about.”

McMenamin states that it’s “business as usual” for the Lakers, who are trying to put together the best possible roster around James and Luka Doncic. He lists their assets in potential deals as their 2031 first-round pick and the expiring contracts of Rui Hachimura, Maxi Kleber and Gabe Vincent. They can open a roster spot by waiving Shake Milton before his $3MM contract for next season becomes fully guaranteed on July 20.

James raised some eyebrows around the league by visiting the Cavaliers’ practice facility last week. Although he explained it’s an annual occurrence because he lives in the area during the offseason, it’s possible that similar incidents will continue throughout the summer and maybe into the season until his future gets settled.

Daniel Gafford Signs Three-Year Extension With Mavericks

July 12th, 2025 at 9:04pm CST by Dana Gauruder

July 12: Gafford’s extension is official, the Mavericks announced (via Twitter).

June 23: Mavericks center Daniel Gafford intends to sign a three-year contract extension, ESPN’s Shams Charania reports. The contract is worth approximately $54MM, Marc Stein tweets.

The extension, which will become official in July, does not include an option in the final year, Grant Afseth of the Dallas Hoops Journal tweets. It’s fully guaranteed and will feature a 5% trade kicker, adds Kelly Iko of The Athletic (Twitter link).

Gafford has one year and $14,386,320 remaining on the three-year contract he signed while a member of the Wizards. His new extension will run through the 2028/29 season.

Gafford appeared in 57 games this season, including 31 starts. He averaged a career-best 12.3 points, 6.8 rebounds and 1.8 blocks per contest. Gafford is a bit undersized at center, listed at 6’10”, but has consistently been one of the NBA’s top shot-blockers since he entered the league in 2019.

Most of the shots that Gafford takes on offense are off lob passes or offensive rebounds. He has a career 70.9% field goal percentage.

The reasonably priced extension could make Gafford a trade chip if Dallas feels the need to trade a big man to balance its roster. As cap expert Yossi Gozlan tweets, Gafford should remain trade-eligible after signing the extension, since his new contract won’t exceed the extend-and-trade limits (20% first-year raise; 5% subsequent raises; four total years, including the current contract). If he were to receive more than $54.3MM on the three-year deal, he would be ineligible to be dealt for six months.

If Gafford remains with the Mavericks, he should be one of the team’s top frontcourt reserves off the bench along with P.J. Washington, presuming that Dereck Lively, Anthony Davis and top pick Cooper Flagg will start.

Fred VanVleet Elected New NBPA President

July 12th, 2025 at 7:00pm CST by Arthur Hill

7:00 pm: According to Stefan Bondy of The New York Post (Twitter link), the other members of the Executive Committee are as follows:

Grant Williams, first vice president.
Mason Plumlee, secretary-treasurer.
Jaylen Brown, vice president.
Jaren Jackson Jr., vice president.
Donovan Mitchell, vice president.
Garrett Temple, vice president.
Karl-Anthony Towns, vice president.
Gabe Vincent, vice president.

6:01 pm: The National Basketball Players Association has elected Rockets guard Fred VanVleet as its new president, sources tell Shams Charania of ESPN (Twitter link). VanVleet will replace CJ McCollum and will serve a four-year term.

VanVleet, 31, has earned tremendous respect from his peers during his nine-year NBA career. He was one of the veteran players Ime Udoka brought in to help change the culture when he took over as head coach in Houston two years ago.

VanVleet was a beloved figure in Toronto before switching teams and played a vital role in bringing the city its only NBA title in 2019. He recently signed a two-year, $50MM deal to remain in Houston, and Charania notes that he has set several records for being the highest-paid undrafted player in league history (Twitter link).

With the expiration of his four-year term, McCollum will take on an advisory position with union, Charania adds. His time in office included a landmark Collective Bargaining Agreement in 2023 that introduced the two-apron system and ensures labor peace through the 2029/30 season.

Pacers Re-Sign Isaiah Jackson To Three-Year Deal

July 11th, 2025 at 3:59pm CST by Luke Adams

3:59 pm: Jackson has officially re-signed with the Pacers, the team announced today in a press release.

2:59 pm: The Pacers and restricted free agent center Isaiah Jackson have reached an agreement on a new three-year contract worth $21MM, agents Drew Morrison and Sam Rose tell Shams Charania of ESPN (Twitter link).

The 22nd overall pick in the 2021 draft, Jackson played a modest role through his first four seasons in Indiana, averaging 7.2 points, 4.3 rebounds, and 1.3 blocks in 15.0 minutes per game across 163 appearances (31 starts). He missed nearly the entire 2024/25 season due to a right Achilles tear that he suffered in the sixth game of the season.

James Wiseman, who sustained a torn Achilles of his own in the Pacers’ regular season opener last October, appeared to have moved ahead of Jackson on the center depth chart entering the season. Given that context and the fact that Jackson is now coming off a major injury, it was somewhat surprising that the 23-year-old received a $6.4MM qualifying offer from Indiana last month to make him a restricted free agent.

That qualifying offer and this new three-year agreement are strong signals that the Pacers still believe in Jackson’s potential and feel good about where he’s at in his recovery from Achilles surgery.

The QO also makes more sense in retrospect knowing that Myles Turner‘s return to Indiana wasn’t the virtual lock that it seemed to be entering the free agent period. With Turner now in Milwaukee, Jackson will have an opportunity this fall to compete for minutes at center with Jay Huff, Tony Bradley, and Wiseman, who has returned to the Pacers on a new deal of his own.

Jackson’s new deal will give the Pacers 15 players on standard contracts for 2025/26, though Wiseman only has a partial guarantee and Bradley’s 2025/26 salary is non-guaranteed, so it’s possible those two big men will be battling for a single roster spot.

Wizards Sign Marvin Bagley III

July 11th, 2025 at 6:59am CST by Earnest Marshall

July 11: Bagley has officially signed with the Wizards, per the transaction log at NBA.com.

July 10: The Wizards are signing free agent big man Marvin Bagley III to a one-year deal, according to Shams Charania of ESPN (Twitter link).

On paper, it makes sense for the Wizards to target a veteran big man in free agency given the fact they traded away Kelly Olynyk this week. Washington only has one player on its standard roster taller than 6’9″ — second-year center Alex Sarr.

However, it’s an interesting move given that the Wizards just traded Bagley away at the deadline to the Grizzlies. Washington originally acquired the former No. 2 overall pick ahead of the 2024 trade deadline alongside Isaiah Livers and a second-round pick. This year, the Wizards sent Bagley out in a multi-team deal that landed them Marcus Smart and a first-round pick, which they used to trade down and select Will Riley.

Bagley appeared in 43 games (16 starts) with Washington across parts of 2023/24 and ’24/25, averaging 9.6 points and 5.8 rebounds per contest.

Despite the move making positional sense, it remains to be seen whether Bagley will actually stick on an already-crowded roster. The Wizards have 15 players on official, standard contracts. They also have Richaun Holmes and Justin Champagnie on standard deals, but Holmes’s $13.28MM contract is only guaranteed for $250K and Champagnie is non-guaranteed.

If Bagley’s deal is non-guaranteed, it would seem like a cut-and-dry situation to let go of him, Holmes and Champagnie to solve the roster crunch. However, Champagnie being cut would be somewhat surprising despite his non-guaranteed status, given that he started 31 games last season and averaged 8.8 points while shooting 51.1% from the field and 38.3% from three.

If Washington opts to keep Champagnie, it would mean trading or cutting a player with a guaranteed contract. If Bagley is guaranteed, that means two players on Washington’s roster could potentially be let go despite having guaranteed deals.

In any scenario in which Bagley and/or Holmes doesn’t make the opening-night roster, that would mean Washington would be entering the season with 6’8″ Kyshawn George and Bilal Coulibaly as the tallest players on the 15-man squad outside of Sarr.

After the Grizzlies acquired Bagley last season, he only appeared in 12 games and averaged 3.6 PPG. He holds career averages of 12.0 points and 6.5 rebounds in 238 games.