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NBA Transactions Becoming Official: July 8, 2025

July 8th, 2025 at 2:00pm CST by Luke Adams

The July moratorium is over and teams are now permitted to officially finalize all the free agent signings and trades they’ve agreed to since the new league year began (or earlier, in some cases).

Rather than bumping all of our previous stories on those free agent and trade agreements, we’ll be tracking all the previously reported moves that become official on Tuesday in the space below. We did the same in separate articles on Sunday and Monday.

To be clear, we’ll still be publishing new stories on breaking free agent and trade agreements. This space is just to track the moves we knew about before today if they’ve now been formally completed. In other words, if news of a deal breaks for the first time on Tuesday and is also finalized today, we won’t include it here.

These lists will be in chronological order, so we’ll add the most recent items to the bottom throughout the day.

Free agent signings:

Contract extensions:

Trades:

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Mavs’ Anthony Davis Undergoes Procedure On Eye

July 8th, 2025 at 1:13pm CST by Luke Adams

Mavericks star Anthony Davis has undergone a procedure to repair a detached retina, reports Shams Charania of ESPN (Twitter link). The expectation is that he’ll be fully recovered for training camp, Charania adds.

While it’s unclear exactly when the injury first occurred, Charania notes that Davis played through “multiple hits to the face” last season.

Most notably, the big man visited an ophthalmologist last November after getting poked in the left eye — reporting at the time indicated he was experiencing swelling and had difficulty keeping the eye open. That injury, which occurred when Davis was a Laker, was referred to last fall as a corneal abrasion and didn’t cost him any games.

Davis, who was traded from Los Angeles to Dallas in the controversial Luka Doncic blockbuster in February, was only able to make nine appearances during his first half-season as a Maverick due to an adductor injury.

The 32-year-old averaged 20.0 points, 10.1 rebounds, 4.4 assists, and 2.2 blocks in just 29.6 minutes per night in those nine outings, generating excitement about what he might be able to do after spending the offseason getting fully healthy and acclimating to his new team.

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Pacers’ Pritchard Discusses Losing Turner To Bucks

July 8th, 2025 at 12:25pm CST by Luke Adams

Asked during a Monday media session about losing free agent big man Myles Turner to their division rivals in Milwaukee, Pacers president of basketball operations Kevin Pritchard said he had been engaged in “good-faith” negotiations with Turner’s camp and that team ownership was willing to go “deep into the tax” to hang onto Indiana’s starting center, per James Boyd of The Athletic and Dustin Dopirak of The Indianapolis Star.

“If we keep Myles at the number we were talking about — or in that ballpark, because I felt like that was still a little bit ongoing — and with the moves that we were talking about doing, we weren’t trickling into the tax,” Pritchard said (YouTube link). “We were over a second threshold.”

Pritchard clarified that the Pacers would not have operated over the second tax apron, so the “second threshold” he cited may have been a reference to the luxury tax brackets — the tax penalties get increasingly more punitive for every $5.7MM a team spends over the tax line. Indiana may also have exceeded the first apron if Turner had been re-signed.

There were conflicting reports on exactly what the Pacers’ final offer was, but most of those reports suggested the team hadn’t gone beyond a three-year bid worth about $22-23MM per year. Turner ultimately signed a four-year contract worth a total of nearly $109MM with the Bucks.

“I felt like we were working towards a deal,” Pritchard said. “But when you’re unrestricted, as soon as you hear a number that you feel like is good for you, then I think he felt like he had to take that.

“… It’s his opportunity, it’s his right to say, ‘Hey, that’s it and I’m going in a different direction.’ It was never acrimonious, it was always pleasant going back and forth. I think that there was a number he was trying to hit. I think we were in the ballpark. But that’s my opinion. It must not have been for him.”

Pritchard admitted that he learned about Turner leaving Indiana for Milwaukee the same way that most fans did.

“We would have been open on a sign-and-trade because it’s sort of mutually beneficial, but we didn’t get to that point, unfortunately,” Pritchard said. “I saw Shams (Charania) tweet it, and that’s how I knew that Myles was taking (the Bucks’ offer).

“… I was shocked, if I’m being perfectly honest. I thought we were kind of going back and forth in an open way. We’ve done big deals with that agency, and they’re great guys, and we’ll be doing more business with them. But Myles must’ve heard something in that (Bucks offer) that said, ‘I’m gonna take it right now.'”

While a sign-and-trade deal might’ve put the Pacers in position to acquire something of value in return for Turner, the Bucks were able to create the cap room unnecessary to sign him outright by completing a series of roster moves that included waiving Damian Lillard and stretching his $112.6MM in remaining salary across five seasons.

Pritchard acknowledged being surprised by Milwaukee’s aggressiveness, though he said the front office was aware of the possibility of an over-the-cap team finding a way to create cap room.

“We always say in our conference room, there’s cap teams that have cap space and there’s shadow teams that have cap space,” he said. “You can go get it, but it becomes very challenging by buying out (players) or making trades. Hat tip to Milwaukee to do that. … I can’t tell you that we were fully expecting that.”

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Where Things Stand In NBA Free Agency

July 8th, 2025 at 9:24am CST by Luke Adams

We’re now into the second week of the NBA’s 2025/26 league year, and while free agency has been resolved for many top players, there are still a number of intriguing names who don’t yet have new contract agreements in place.

Let’s check in on where things stand for some of those players…

The restricted free agents

While they’re not the only four restricted free agents still on the board, there are four names who make up the top tier of notable unsigned RFAs, with each of them ranking among our top 10 free agents as of June 30. Those four players are Josh Giddey (Bulls), Jonathan Kuminga (Warriors), Quentin Grimes (Sixers), and Cam Thomas (Nets).

The restricted free agent market will likely play out very slowly this summer, given that there are essentially no teams (with the possible exception of Brooklyn) in position to sign any one of those players to the kind of offer sheet that would give the player’s current team pause. Here’s what we know about each of those four RFAs:

Josh Giddey (Bulls)
The expectation is that Giddey will remain in Chicago, so it’ll just be a matter of figuring out exactly what his next contract looks like. His camp is reportedly hoping to match (or, presumably, exceed) the five-year, $150MM extension that Jalen Suggs signed with Orlando last fall. Whether the Bulls are willing to go that high in terms of annual salary and/or years remains to be seen.

Jonathan Kuminga (Warriors)
The Kings, Wizards, Heat, Bulls, Bucks, and Nets were among the teams said last week to have expressed varying level of interest in a sign-and-trade deal for Kuminga. However, some of those teams have since made moves that will make Kuminga a less appealing – or practical – fit.

Sacramento has reportedly been the most aggressive suitor for Kuminga so far, having “floated” the idea a package that included 2024 first-rounder Devin Carter and two second-round picks.

But with no deal imminent, the expectation is that the 22-year-old and his camp will meet at the Las Vegas Summer League with interested teams, including the Warriors. A return to Golden State remains very much in play despite Kuminga’s up-and-down tenure in Golden State so far.

Quentin Grimes (Sixers)
The Sixers remain very confident that they’ll re-sign Grimes sooner or later and have “splashed cold water” on possible sign-and-trade scenarios, league sources tell Tony Jones of The Athletic. As with Giddey, it seems like the main question with Grimes isn’t where he’ll end up, but what his new contract with his current team will look like.

Cam Thomas (Nets)
We’ve heard very little since free agency opened about Thomas. In a Bleacher Report stream last Thursday (YouTube link), NBA insider Jake Fischer said the Nets guard “does not really have a market, to my understanding.”

Brooklyn is the only team in the league operating below the minimum salary floor, so it’s not as if the Nets are going to be outbid by a rival suitor — it certainly seems as if the only way Thomas ends up on a new team this offseason is if Brooklyn doesn’t want to bring him back.

The veteran unrestricted free agents

The next four highest-ranked unsigned players from our top-50 list after those four restricted free agents are long-tenured veterans. Here’s what we know about those players:

Chris Paul
The Clippers, Suns, and Bucks have been the teams most frequently linked to Paul in recent days. Milwaukee probably offers the best path to a starting role, which is something that’s reportedly important to the longtime NBA point guard, but he also wants to be close to his family in Los Angeles, which could give an edge to those two Western Conference teams.

Russell Westbrook
Another L.A. native who would reportedly like to play closer to home, Westbrook was said to be drawing legitimate interest from the Kings, but that was when it looked like Sacramento was going to trade Malik Monk. If that doesn’t happen, there may not be a spot on the Kings’ backcourt (or on the team’s cap) for Westbrook.

Al Horford
While Horford has been linked to several teams in the last week or two, the one constant has been the Warriors, who continue to look like the frontrunner to land the big man if he doesn’t retire. Adam Himmelsbach of The Boston Globe (Twitter link) reported on Monday that Horford continued to mull his options, with no deal imminent.

I suspect Golden State wants to resolve its Kuminga situation before officially committing its taxpayer mid-level exception to Horford, since doing so would hard-cap the team at the second tax apron and potentially complicate its ability to match an aggressive offer sheet for Kuminga.

Malcolm Brogdon
Reporting on Monday indicated that the Clippers, Suns, Lakers, Warriors, Timberwolves, Bucks, Pelicans, and Kings have all conveyed at least some level of interest in Brogdon. With some other higher-profile guards still out there, Brogdon may be the Plan B for some teams, which would mean he’d have to wait for some of those other players to commit before his options really crystalize.

The two veteran guards who aren’t yet free agents

Damian Lillard is currently on waivers and Bradley Beal is still working on a buyout with the Suns, but the expectation is that both players will reach unrestricted free agency pretty soon.

Lillard is a bit of a wild card, since he’s likely to miss the 2025/26 season due to an Achilles tear. He hasn’t ruled out the possibility of signing with a team sooner rather than later, and there will certainly be no shortage of clubs who would welcome the opportunity to help him with his rehab process and get a leg up on retaining him for ’26/27. But he’s not the type of player who will help a team win in the short term.

Beal, on the other hand, is coming off a pretty solid offensive season and would become a much more valuable investment if he’s on a contract that’s closer to his minimum salary than his maximum. The Clippers, Lakers, Bucks, Timberwolves, and Warriors are among the teams believed to have interest in signing Beal.

With many of those clubs also eyeing Paul, Brogdon, or other guards, Beal may be the first domino to fall — if and when he finds a new team, the ones that miss out can shift their focus elsewhere in earnest. The Clippers are rumored to the favorites for Beal, per Kurt Helin of NBC Sports.

The trades that aren’t yet official

As our full breakdown of this offseason’s trades shows, there are only two agreed-upon deals that aren’t yet official: Denver’s acquisition of Cameron Johnson from the Nets, plus the Jonas Valanciunas/Dario Saric swap between the Nuggets and Kings.

There has been speculation that the Nuggets will combine both of those agreements into a single transaction to avoid creating a hard cap at the first tax apron. At the very least, as NBA insider Marc Stein tweets, Denver needs to get the Johnson/Michael Porter Jr. trade done before the deal with the Kings in order to be able to get below the first apron. That will allow the Nuggets to take back more salary than they send out for Saric.

The Nets may be thoroughly exploring scenarios for how to take full advantage of their current cap room before they finalize that trade with the Nuggets, since it will cut into their space significantly — swapping Johnson for Porter will use up $17MM+ of their room.

The delay on these deals is not an indication that the Valanciunas/Saric deal won’t eventually be finalized. Multiple reports have indicated it remains on track, despite Valanciunas’ reported desire to get out of his NBA contract and sign with the Greek team Panathinaikos. Multiple reports, including another one from Stein on Monday night (Twitter link), have also indicated that the Nuggets have told the veteran center they intend to keep him and want him to honor his contract.

For what it’s worth, a report from SDNA in Greece indicates that Panathinaikos was assured by Valanciunas’ representation that the Nuggets would let him out of his NBA deal and was surprised to find out that Denver hadn’t signed off on that plan at all.

Although those two Denver deals are the only ones we know about that aren’t official, that doesn’t mean there won’t be more trades still to come — the Clippers, Heat, and Jazz, for instance, agreed to a three-team trade on Monday and finalized it later in the day. It’s possible that more deals could be around the corner as teams and executives congregate for Summer League action.

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NBA Transactions Becoming Official: July 7, 2025

July 7th, 2025 at 8:00pm CST by Luke Adams

The July moratorium is over and teams are now permitted to officially finalize all the free agent signings and trades they’ve agreed to since the new league year began (or earlier, in some cases).

Rather than bumping all of our previous stories on those free agent and trade agreements, we’ll be tracking all the previously reported moves that become official on Monday in the space below. We did the same in a separate article on Sunday.

To be clear, we’ll still be publishing new stories on breaking free agent and trade agreements. This space is just to track the moves we knew about before today if they’ve now been formally completed. In other words, if news of a deal breaks for the first time on Monday and is also finalized today (such as the three-team trade involving the Heat, Clippers, and Jazz), we won’t include it here.

These lists will be in chronological order, so we’ll add the most recent items to the bottom throughout the day.

Trades:

Free agent signings:

Cuts:

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Magic Sign Paolo Banchero To Five-Year Max Extension

July 7th, 2025 at 7:04pm CST by Dana Gauruder

7:04 pm: Banchero’s five-year, maximum-salary extension is official, the Magic announced in a press release (Twitter link).

“We are thrilled to keep Paolo in a Magic uniform for years to come,” Magic president of basketball operations Jeff Weltman said in a statement. “At just 22, he has won NBA Rookie of the Year, been named an NBA All-Star and is widely regarded as one of our league’s brightest young stars.

“This commitment reflects our belief in Paolo’s talent, character and desire to win at the highest level. It also reflects Paolo’s belief in our organization, our fans and the city of Orlando. We are excited to continue this journey together.”

5:31 pm: Magic star forward Paolo Banchero has agreed to a five-year maximum rookie scale contract extension that be worth as much as $288MM, ESPN’s Shams Charania tweets.

The contract will include a player option in the final year, the first time that’s happened in a rookie scale maximum-salary extension since 2021, when Luka Doncic and Trae Young each received one.

As cap expert Yossi Gozlan points out (Twitter link), the extension is technically worth a projected $240MM but it could rise another $48MM if Banchero meets the Rose Rule performance criteria, which includes making an All-NBA team or winning the Most Valuable Player Award.

The salary projections are based on a 7% cap increase for 2026/27.

Banchero will now be signed through at least 2030, with a ’30/31 player option. The five-year extensions for Franz Wagner and Jalen Suggs kick in this coming season and recently acquired Desmond Bane has a contract that runs through the 2028/29 season. That means that four members of the starting lineup are signed for at least the next four seasons.

Orlando’s decision to make Banchero the top pick of 2022 draft was somewhat surprising at the time, but he has lived up to that billing. He was the Rookie of the Year in 2023 and an All-Star in 2024.

An early-season oblique injury marred Banchero’s third NBA season, but he still averaged 25.9 points, 7.5 rebounds and 4.8 assists per game in 46 starts. The 22-year-old has averaged 28 points per game in 12 postseason contests over the past two seasons.

Back in May, Banchero told Marc J. Spears of ESPN he wasn’t sure if he’d sign an extension but was hopeful it would come to fruition.

“I was in over my head when I signed my rookie (contract). So, I really haven’t thought much about that. … But it’s a blessing and hopefully all that stuff works out if I’m able to sign with the team and lock in my future,” he said. “That’s every young player’s goal coming into this league, establishing yourself early, get a second contract. So, when (the) time comes, I’m sure all that stuff we can figure out. I don’t know. They say more money, more problems. So, we’ll see what happens.”

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Bucks Officially Stretch Lillard, Buy Out Micic

July 7th, 2025 at 6:56pm CST by Luke Adams

6:56 pm: Micic gave up $6.1MM in his buyout agreement with the Bucks, who stretching his remaining $2MM across three seasons for annual cap hits of $667K, reports Eric Nehm of The Athletic.

5:09 pm: The Bucks have officially waived point guards Damian Lillard and Vasilije Micic, according to the transaction log at NBA.com. Both moves had been anticipated as Milwaukee looked to clear the cap space necessary to sign free agent center Myles Turner to a four-year, $107MM contract.

Reports last Tuesday indicated that Lillard would have his remaining $112.6MM salary spread across five seasons instead of two using the stretch provision in order to create immediate cap relief for Milwaukee.

Lillard is expected to miss most or all of the 2025/26 season while he recovers from the torn Achilles he suffered during the first round of the playoffs in April. The nine-time All-Star has reportedly drawn interest already from many teams around the NBA, but hasn’t yet decided whether he’ll sign a new contract this offseason and is said to be in no rush to make that decision.

As for Micic, the expectation after he was acquired from Charlotte in exchange for Pat Connaughton and a pair of second-round picks was that he would agree to reduce his $8.1MM cap hit in order to become a free agent and generate a little extra cap space for the Bucks. According to Michael Scotto of HoopsHype (Twitter link), the two sides did reach an agreement on a buyout, though it’s unclear at this point how much of his salary Micic gave up.

Micic has played a pretty limited role in the NBA during the past couple seasons after starring in Europe for most of his career. In 101 total games for Oklahoma City, Charlotte, and Phoenix, he averaged 6.8 points and 3.9 assists in 19.4 minutes per contest.

Rumors in recent months have linked Micic to multiple EuroLeague teams — while it’s not clear exactly which one he’ll end up with, it seems likely that the 31-year-old Serbian will head back overseas to resume his playing career.

It appears both Lillard and Micic were technically placed on waivers on Sunday evening, as the NBA’s transaction log lists Turner’s deal as having gotten done last night. Still, if those cuts occurred after 4:00 pm Central time, neither player will officially clear waivers until Wednesday.

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Kyle Lowry Remains With Sixers On One-Year Deal

July 7th, 2025 at 4:48pm CST by Dana Gauruder

4:48 pm: Lowry’s new deal is now official, according to a press release from the Sixers.

“Kyle’s championship experience and Hall-of-Fame resume speaks for itself. He is a proven floor general with tremendous knowledge of the game that is a resource to everyone in the organization,” president of basketball operations Daryl Morey said in a statement. “It’s only fitting that his 20th NBA season will be right here in Philadelphia, the city he calls home.”

4:20 pm: Free agent guard Kyle Lowry has agreed to a one-year deal to return to the Sixers, ESPN’s Shams Charania tweets.

The Philadelphia Inquirer’s Keith Pompey predicted last month that Lowry would sign another contract with the team since the Sixers value the Philadelphia native for his leadership and mentorship of young guards like Tyrese Maxey and Jared McCain.

Lowry, 39, played on the veteran’s minimum last season and figures to do so again. He only appeared in 35 games last season, including 12 starts, averaging 3.9 points and 2.7 assists in 18.8 minutes per game.

Not too long ago, Lowry was once one of the highest-paid guards in the game. His NBA career dates back to 2006, when he was a late first-round pick with Memphis. He’s a six-time All-Star and won a championship with Toronto in 2019.

He only projects as an insurance policy for next year’s Sixers team with Maxey, McCain and first-round pick VJ Edgecombe likely ahead of him on the depth chart.

He’ll become the 12th player in NBA history to play 20-plus seasons and the second point guard to do so, Josh Lewenberg of TSN Sports tweets, joining Chris Paul.

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Norman Powell To Heat, John Collins To Clippers In Three-Team Trade

July 7th, 2025 at 4:21pm CST by Arthur Hill

4:21 pm: The three-team trade is official, according to a press release from the Jazz.

9:27 am: The Clippers, Jazz and Heat have reached an agreement on a three-team trade, sources tell Shams Charania of ESPN (Twitter link). The deal will send Norman Powell to Miami, John Collins to L.A. and Kevin Love, Kyle Anderson and a 2027 Clippers second-round pick to Utah.

Powell is coming off the best scoring season of his career and will bring more offensive punch to Miami’s backcourt. After finishing fourth in the Sixth Man of the Year balloting in consecutive seasons, Powell was moved into the starting lineup and responded by averaging 21.8 points per game while shooting 48.4% from the field and 41.8% from three-point range.

Powell, 32, will make $20.5MM next season before becoming a free agent in 2026. He’s eligible for a three-year extension worth $77.4MM. Those limits would increase to $128.5MM over four years in six months.

The Clippers were reluctant to give Powell a long-term extension, sources tell Michael Scotto of HoopsHype (Twitter link). With Kawhi Leonard and James Harden both signed through 2026/27, the team is preserving cap space for 2027 free agency.

Miami will use the expanded traded player exception to acquire Powell, Bobby Marks of ESPN notes (Twitter link), hard-capping them at the first tax apron, and will be $1.3MM over the luxury tax line once the deal is complete.

Miami will be just $3.9MM away from that first-apron threshold once the trade is complete, so it won’t be able to use the full taxpayer mid-level exception of $5.7MM, according to cap expert Yossi Gozlan (Twitter link), who also speculates that acquiring Powell means the team is probably no longer a logical fit for Bradley Beal, who is believed to be nearing a buyout with Phoenix.

Collins, 27, will bring more frontcourt depth to a Clippers team that recently added Brook Lopez in free agency. Collins has been a starter in Utah since being acquired from Atlanta two years ago, but he was limited to 40 games last season. He has one year left on his contract at $26.6MM and can sign an extension worth up to $100.5MM over three years, per Marks. While a massive payday is unlikely for Collins, it’s worth noting those extension limits would increase six months after the trade to $166.7MM over four years.

L.A. is now $6.7MM below the first apron with $5.3MM of its mid-level exception remaining, according to Gozlan (Twitter link). With their top three-point shooter now gone, Gozlan expects the Clippers to be in the market for Beal.

Anderson, 31, has been a useful contributor on contending teams throughout his career, but it’s not clear how he fits in with the rebuilding Jazz. His contract covers two more seasons at $9.2MM and $9.7MM, but 2026/27 is non-guaranteed. Love, who’ll turn 37 in September, has a $4.15MM expiring deal and will likely become a buyout candidate.

Gozlan notes that Utah can create a $26.6MM trade exception by using the mid-level exception to take on Anderson and Love (Twitter link). Alternatively, the Jazz could create roughly $22MM in cap space by waiving the non-guaranteed contracts of KJ Martin ($8MM) and Jaden Springer ($2.4MM) and could be in position to make a play for one of the remaining free agents.

It sounds like Utah will continue operating over the cap, going the trade exception route, tweets Marks.

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Knicks Hire Mike Brown As Head Coach

July 7th, 2025 at 4:06pm CST by Luke Adams

July 7: The Knicks have officially named Brown their head coach, issuing a press release to confirm the news.

“After a thorough and extensive search process, we are pleased to announce Mike Brown as the head coach of the New York Knicks,” team president Leon Rose said in a statement. “Mike has coached on the biggest stages in our sport and brings championship pedigree to our organization. His experience leading the bench during the NBA Finals, winning four titles as an assistant coach, and his ability to grow and develop players will all help us as we aim to bring a championship to New York for our fans.”

“I would like to welcome Mike Brown to New York and the Knicks organization,” Knicks owner James Dolan added in a statement of his own. “Leon and our staff ran a thorough and thoughtful process that led our organization to Mike, and I’m pleased to see him on the sideline for us next season.”

As we relayed on Saturday, Brown has reportedly signed a four-year contract worth an estimated $40MM.

July 2: The Knicks are expected to hire Mike Brown as their new head coach, reports Shams Charania of ESPN (Twitter link). NBA insider Chris Haynes (Twitter link) confirms Brown has been offered the job and says the two sides are working “expeditiously” on finalizing the terms of a contract.

Brown, who began his coaching career as an assistant with the Wizards, Spurs, and Pacers, has since held head coaching positions with the Cavaliers (twice), Lakers, and Kings, as well as spending six years on the Warriors’ staff as Steve Kerr‘s top assistant.

He holds a career regular season record of 454-304 (.599), with a 50-40 (.556) mark in the postseason.

A Coach of the Year in Cleveland in 2009 and again in Sacramento in 2023, Brown helped the Kings snap a 16-year playoff drought two seasons ago, but after the team missed the playoffs in 2024 and got off to a slow start this past fall, he was let go and replaced with Doug Christie.

The Knicks’ decision to hire Brown caps off an eventful head coaching search that began with the team requesting permission to speak to several coaches already under contract with teams. The Mavericks (Jason Kidd), Timberwolves (Chris Finch), Rockets (Ime Udoka), Hawks (Quin Snyder), and Bulls (Billy Donovan) all declined the Knicks’ requests, prompting the club to turn to candidates who didn’t currently hold head coaching jobs.

Brown was one of at least four candidates interviewed by the Knicks, along with Taylor Jenkins, James Borrego, and Micah Nori. The team also reached out to South Carolina’s Dawn Staley to discuss the job, though it’s unclear if she had a formal interview.

Brown had a second interview that included team owner James Dolan on Tuesday, with reporting later in the day indicating he was the frontrunner for the job. He was the only candidate confirmed to get a second meeting.

In his new role, Brown will be tasked with helping a Knicks team that advanced to the conference finals this spring make it over the hump and win its first championship since 1973. He’ll take over a roster headlined by All-Stars Jalen Brunson and Karl-Anthony Towns.

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