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Wizards, Pelicans, Rockets Compete Three-Team Trade

July 6th, 2025 at 1:57pm CST by Luke Adams

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:

Wizards acquire CJ McCollum, Kelly Olynyk, Cam Whitmore, and the Bulls’ 2027 second-round pick (from Pelicans).
Pelicans acquire Jordan Poole, Saddiq Bey, and the draft rights to Micah Peavy (No. 40 pick).
Rockets acquire the draft rights to Mojave King, the Bulls’ 2026 second-round pick (from Wizards) and the Kings’ 2029 second-round pick (from Wizards).

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

July 6th, 2025 at 1:47pm CST by Alex Kirschenbaum

The Suns‘ Bradley 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

July 6th, 2025 at 11:01am CST by Luke Adams

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.

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Grizzlies To Sign Jock Landale, Trade Jay Huff To Pacers

July 5th, 2025 at 4:32pm CST by Arthur Hill

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

July 5th, 2025 at 3:17pm CST by Luke Adams

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

July 4th, 2025 at 5:47pm CST by Luke Adams

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 4th, 2025 at 8:33am CST by Luke Adams

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

July 4th, 2025 at 7:48am CST by Luke Adams

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.

Wizards Among Teams Eyeing Jonathan Kuminga

July 3rd, 2025 at 11:17pm CST by Luke Adams

The Wizards are the latest potential suitor to emerge in the Jonathan Kuminga sweepstakes, according to Anthony Slater of The Athletic, who reports that Washington has entered the picture within the last 24 hours. The idea of the 22-year-old forward fitting into the Wizards’ rebuild has “gained real momentum,” sources tell Slater.

In addition to Washington, the Kings, Heat, Bulls, Bucks, and Nets have all expressed “varying levels” of interest in the Warriors‘ restricted free agent, Slater writes.

Confirming prior reporting out of Sacramento, Slater says the Kings floated an offer that would include 2024 first-round pick Devin Carter, veteran forward Dario Saric, and a pair of second-round picks. However, Golden State views that as a “buy-low” attempt, per Slater, who suggests the Pacific rivals haven’t gained any real traction.

Both the Warriors and Kuminga appear willing to be patient in the hopes of getting what they want out of the process, Slater explains. From the team’s perspective, that would mean acquiring a promising young player and a first-round pick in any sign-and-trade scenario. For Kuminga, the goal is ending up in a situation where he feels he has the full support of an organization and its coaching staff and can be a featured part of a team’s core.

If there’s no resolution by the time the Las Vegas Summer League tips off next week, the tentative plan is for Kuminga’s camp to have in-person meetings with interested teams in Vegas, Slater notes.

One of those meetings could involved the Warriors. As Slater details, the idea of the former No. 7 overall pick working out a deal to remain in Golden State isn’t off the table, so there has been talk of Kuminga, agent Aaron Turner, head coach Steve Kerr, and general manager Mike Dunleavy Jr. sitting down together in Vegas to discuss what a reunion might look like.

Kuminga appeared in just 47 games in 2024/25, having missed more than two months due to a badly sprained ankle. He had an inconsistent role when healthy, averaging 15.3 points, 4.6 rebounds, and 2.2 assists in 24.3 minutes per game, with a .454/.305/.668 shooting line.

Although he was out of the Warriors’ rotation entirely for some key games at the end of the regular season and in the postseason, Kuminga averaged 24.3 points per game on .554/.389/.720 shooting in his final four playoff games vs. Minnesota after Stephen Curry injured his hamstring, providing a reminder of his offensive upside ahead of his restricted free agency.

Lillard Open To Signing This Offseason, Won’t Rush Decision

July 3rd, 2025 at 8:12pm CST by Luke Adams

Star point guard Damian Lillard is open to signing with a team during the 2025 offseason if the terms and conditions are right, according to NBA insider Chris Haynes (Twitter link).

Lillard has received “ample” interest from teams since word broke that he was being waived by the Bucks for cap reasons while he recovers from a torn Achilles, but he isn’t in a rush to make his decision, Haynes adds.

Technically, Lillard is still a Buck, as the team hasn’t yet placed him on waivers. There has been no rush to do it right away, since most signings and trades can’t be completed until 11:00 am Central time on Sunday, once the July moratorium ends. However, I’d expect the move to happen in the coming days so that Milwaukee has the cap room necessary to complete their deal with Myles Turner sooner rather than later.

Agent Aaron Goodwin put out a statement on Tuesday referring to being waived as an “incredible opportunity” for Lillard, who will continue to be paid the $112.6MM owed to him by the Bucks as he rehabs his Achilles tear and weighs his next move. One report on Tuesday evening indicated that at least 10 teams had already touched base with the nine-time All-Star, with the Celtics, Warriors, and Lakers said to be among them.

While Marc J. Spears of Andscape said during an ESPN appearance that there’s “speculation” about Lillard returning around the 2026 All-Star break, that feels like an aggressive timeline, given that the veteran’s Achilles tear occurred in late April. He’ll turn 35 later this month and it wouldn’t be in his best interest to rush his return from an injury that often costs players a full calendar year.

Spears also stated that Lillard wants to rehab his injury in Portland in order to be close to his family, so even if he were to sign with a new team this offseason, it’s unclear how much time he’d actually spend around that club this fall.

Still, it’s no surprise that a number of teams would be willing to use one of their 15-man roster spots on Lillard in 2025/26 — even if he’s not able to return before the end of the season, that would give the club the opportunity to build a relationship with him ahead of his return to full strength next year.