Bucks Waive Chris Livingston
4:59 pm: Livingston has been released by the Bucks, per NBA.com’s transactions log.
9:59 am: The Bucks are taking a first step toward addressing their roster crunch, according to ESPN’s Shams Charania, who reports (via Twitter) that the team is waiving forward Chris Livingston.
The final pick in the second round of the 2023 draft, Livingston has spent the past two seasons in Milwaukee but played a very limited role at the NBA level, logging just 196 minutes in 42 total regular season appearances. He averaged 1.3 points and 1.3 rebounds in 4.7 minutes per game.
Livingston, who turned 22 on Wednesday, has showed some promise in the G League. In 18 outings for the Wisconsin Herd in 2024/25, he averaged 18.1 points, 8.2 rebounds, 2.0 assists, and 1.1 steals in 29.5 minutes per contest, with a shooting line of .485/.301/.828.
The 6’6″ forward also played well for the Bucks’ Summer League team this July, earning a new one-year, minimum-salary contract in Milwaukee after having been waived two weeks earlier. While Livingston’s salary on his previous contract wasn’t guaranteed for 2025/26, his newest deal was fully guaranteed, so the Bucks will carry a dead cap hit of $2,296,274 after cutting him, assuming he goes unclaimed on waivers.
Livingston had been one of 15 Bucks players with a standard guaranteed contract. Waiving him will put the team in position to retain either Andre Jackson Jr. or Amir Coffey as its 15th man.
Jackson has an $800K partial guarantee on his minimum-salary deal and would earn his full $2.22MM guarantee if he makes the opening night roster. Coffey is on a non-guaranteed Exhibit 9 contract.
Alex Antetokounmpo Joins Brothers On Bucks Via Two-Way Deal
October 16: Antetokounmpo’s two-way deal with Milwaukee is official, according to NBA.com’s transaction log.
October 13: The Bucks are signing Alex Antetokounmpo to a two-way deal, ESPN’s Shams Charania tweets.
He joins older brothers Giannis and Thanasis, who are both on standard contracts. This will mark the first time in NBA history that three brothers are on active roster contracts with the same team, Charania adds.
The Bucks are waiving Jamaree Bouyea to open up a two-way slot for the younger Antetokounmpo, Michael Scotto of HoopsHype tweets.
Alex Antetokounmpo has mainly spent his pro career in the G League. He played for the Raptors 905 in 2021/22 and the Bucks’ affiliate, the Wisconsin Herd, from 2022-24 after signing camps deals with the NBA teams and then getting waived during training camp.
Antetokounmpo also had stints in Lithuania, Montenegro and Greece. He requested his release from PAOK in the Greece Basketball League in August, then joined Aris Thessaloniki, another club in Greece, but only appeared in two games with that team. A report surfaced last week that he was headed to the U.S. to play in the G League again.
The addition of Alex can certainly be construed as another way of keeping his superstar brother happy in Milwaukee. There have been persistent rumors regarding Giannis’ future, including a report last week that the Knicks had preliminary discussions this summer with the Bucks regarding a blockbuster trade.
Raptors Waive Lawson, Chomche, Roddy, Rhoden, Sarr
The Raptors have waived A.J. Lawson, Ulrich Chomche, David Roddy, Jared Rhoden and Olivier Sarr, the team announced on Thursday (Twitter link via Blake Murphy of Sportsnet.ca).
Lawson, 25, is a Toronto native who holds three years of NBA experience. He signed a two-way deal with his hometown team in December and was promoted to a multiyear standard deal in April, just before last season ended. However, Lawson’s salary for 2025/26 was non-guaranteed, so the Raptors won’t have any dead money on their books by releasing him.
Both Murphy and Josh Lewenberg of TSN.ca (Twitter links) say Lawson was viewed as the frontrunner to fill the team’s 15th standard roster spot to open the season, if Toronto had chosen to go that route. Instead the Raptors opted for financial flexibility due to their current cap/tax situation.
In 26 games (18.7 minutes per contest) with the Raptors last season, Lawson averaged 9.1 points and 3.3 rebounds on .421/.327/.683 shooting. He has also played for Dallas and Minnesota.
Chomche, who is still only 19 years old, was the 57th pick of the 2024 draft. The Cameroonian big man was on a two-way contract with the Raptors, who now have a two-way opening.
As Lewenberg notes (via Twitter), Chomche earned praise for the progress he made last season in the G League with the Raptors 905, but he unfortunately suffered a torn MCL in his right knee in February, cutting his rookie campaign short. He also flashed some interesting tools at Summer League in July, but he has been sidelined for all of training camp and preseason with an undisclosed injury.
Roddy, a former first-round pick (23rd overall in 2022) who has played for five different teams in three NBA seasons, was signed to an Exhibit 10 deal for training camp, as were Rhoden and Sarr. All three players are now eligible for a bonus worth $85,300 if they spend at least 60 days with the Raptors 905.
The Raptors now have 14 players on standard contracts, all of which are guaranteed, plus rookie guards Alijah Martin and Chucky Hepburn on two-way deals.
Kings Sign To Keegan Murray To Five-Year Extension
October 16: Murray’s extension with the Kings is now official, per the team (link to press release).
“Keegan is one of the most versatile players in the league,” Kings general manager Scott Perry said in a statement. “He’s shown that he can defend multiple positions and efficiently shoot the ball from the perimeter. Keegan is also a young man of high character who reflects the vision we’re shaping in Sacramento.”
October 15: The Kings have agreed to sign Keegan Murray to a five-year, $140MM rookie contract extension, reports Shams Charania for ESPN (via Twitter).
Murray, who turned 25 in August, was the fourth overall pick in the 2022 draft out of Iowa. He holds career averages of 13.3 points, 5.6 rebounds, and 1.4 assists per game on .451/.372/.812 shooting splits.
Murray experienced a breakout sophomore season in 2023/24, averaging 15.2 PPG and 5.5 RPG while recording a steal and nearly a block per game. However, he took a slight step back in his third year last season as Sacramento brought in more offensive firepower around him in DeMar DeRozan and Zach LaVine.
Murray has shown the potential to be a high-level shooter and wing defender, and spoke recently about his excitement for Dennis Schröder to take on some of the tougher backcourt assignments, which would free him up to defend opposing teams’ best wings and forwards.
He also recently stated his two goals for the season: to hit at least 40% of his threes and to win the league’s Most Improved Player award.
Murray recently underwent surgery to address a torn thumb ligament and is expected to miss four to six weeks.
James Ham of The Kings Beat notes (via Twitter) that Murray is expected to officially sign his new contract in the next 24-to-48 hours, ahead of Monday’s rookie scale extension deadline. ESPN’s Anthony Slater adds (via Twitter) that there are no team or player options on the five-year deal, which will run through 2030/31.
Murray is the sixth player this offseason to agree to a rookie scale extension, joining Magic forward Paolo Banchero, Rockets forward Jabari Smith Jr., Heat forward Nikola Jovic, and Thunder teammates Chet Holmgren and Jalen Williams. He’s now locked into the Kings’ long-term plans, with the longest-running contract on the team.
Jaden Ivey Undergoes Knee Surgery, Out At Least Four Weeks
Former No. 5 overall pick Jaden Ivey underwent an arthroscopic procedure on his right knee on Thursday to relieve discomfort, the Pistons announced in a press release. The team says the former Purdue star will be out at least four weeks, which is when he’ll be reevaluated.
According to Detroit, Ivey’s surgery and knee discomfort are not related to the fractured left fibula which ended his 2024/25 season after just 30 games. Following an arduous rehabilitation process, 23-year-old guard said he was 100 percent healthy entering training camp.
It’s unfortunate news for Ivey, who is eligible for a rookie scale extension until October 20, the day before the ’25/26 campaign begins.
It’s also a tough blow for the Pistons, who were hoping to see Ivey take a step forward in his fourth year. Now his season debut will be delayed until at least mid-November.
In 30 appearances last season, Ivey averaged 17.6 points, 4.1 rebounds and 4.0 assists in 29.9 minutes per contest, posting a shooting slash line of .460/.409/.733. The 40.9% mark from long distance was a career-best percentage by a significant margin.
The Kings recently showed with Keegan Murray (thumb surgery) that teams aren’t necessarily afraid to make long-term investments in players who are injured. But for a variety of reasons, Ivey’s situation is a bit more complicated, and the procedure seemingly decreases the odds of an extension being reached in the next few days.
Ivey will earn about $10.1MM in the final year of his rookie scale contract. If he doesn’t sign an extension, he would be eligible for restricted free agency next summer.
With Ivey out, Ausar Thompson, Marcus Sasser, and Caris LeVert are among the players who could have more ball-handling responsibilities for Detroit. Duncan Robinson is also a crafty play-maker who can orchestrate a pick-and-roll, though he isn’t a primary initiator.
Hornets Waive Spencer Dinwiddie
12:28 pm: The move is official, according to a Hornets press release.
12:08 pm: Just three months after signing a guaranteed contract with the Hornets as a free agent, veteran point guard Spencer Dinwiddie is being waived, according to Shams Charania of ESPN (Twitter link).
Dinwiddie agreed to terms with Charlotte early in free agency on a one-year, minimum-salary deal and officially finalized that agreement on July 13. Because his salary was guaranteed, the 32-year-old will still receive his full $3,634,153, while the Hornets will carry $2,296,274 in dead money on their cap, assuming Dinwiddie goes unclaimed on waivers.
An 11-year NBA veteran, Dinwiddie played a more significant role than expected in Dallas last season due to the Luka Doncic trade and a series of injuries affecting guards like Kyrie Irving and Dante Exum. He was one of the only Mavericks players who made it through the season without dealing with any major health issues.
In 79 games (30 starts), Dinwiddie averaged 11.0 points, 4.4 assists, and 2.4 rebounds in 27.0 minutes per night, with a shooting line of .416/.334/.802. All of those numbers were in the ballpark of his career rates.
The Hornets’ decision to sign Dinwiddie in July was a little curious, given that the team had already traded for Collin Sexton and agreed to re-sign Tre Mann at that point in the offseason. It appeared the front office was making it a priority to load up on point guard depth after Mann and starter LaMelo Ball missed significant time last season due to injuries.
However, facing a roster crunch this fall and with Ball and Mann both healthy, the Hornets decided that Dinwiddie was the odd man out. He registered six points and six assists in 30 total minutes across two preseason games with the club — Charlotte was outscored by 20 points in those 30 minutes.
Once Dinwiddie is officially placed on waivers, the Hornets will have 14 players on guaranteed contracts, plus center Moussa Diabate on a non-guaranteed deal. There had been speculation that Pat Connaughton would be the roster casualty in Charlotte, but unless more moves are coming in the next few days, it looks like the former Buck is now on track to make the team’s regular season roster.
Warriors, Lakers Top 2025 NBA Franchise Valuations
The Warriors are still the NBA’s most valuable team, according to Kurt Badenhausen of Sportico, who unveiled the website’s updated NBA franchise valuations for 2025 on Thursday.
Badenhausen projects the Warriors’ value at $11.33 billion, which represents an incredible 24% increase from last year’s $9.14 billion valuation. The NFL’s Dallas Cowboys, at $12.8 billion, continue to be the only global sports franchise whose valuation comes in higher than Golden State’s, according to Sportico’s projections.
As Badenhausen outlines, the Warriors lead the NBA in revenue by a significant margin, having generated an estimated $833MM last season. Golden State makes more than $5MM per game in ticket revenue, along with $2.5MM from luxury suites; the club also has a $45MM per year jersey patch deal with Rakuten, earns almost double what any other team makes in sponsorship revenue, and is one of the few teams to fully own and operate its arena, per Sportico.
After placing third a year ago, the Lakers have jumped to second place on Sportico’s 2025 list at $10 billion, based on Mark Walter‘s recent agreement to purchase the team at that valuation. The Lakers moved slightly ahead of the third-place Knicks, who come in at $9.85 billion.
Every team’s valuation has increased by at least 9% since last year, per Sportico, with the average value of an NBA franchise now at $5.51 billion (up 20% from 2024) and no team worth less than $4 billion.
The average valuation has more than doubled since 2022, when it was $2.58 billion. As Badenhausen writes, the NBA’s new $76 billion media rights deal and its global ambitions – including the possible creation of a league in Europe – have played a part in those gains.
Although the Warriors’ $833MM is something out of an outlier, NBA teams generated an average of approximately $408MM in revenue last season, according to Badenhausen, with the Grizzlies coming in last at $301MM. Memphis also ranks 30th on Sportico’s list of franchise values.
Despite placing at the bottom of this list, the Grizzlies actually had the most significant increase in their franchise valuation this past year, rising from $3.06 billion to $4 billion (31%). The Pelicans (30%), Timberwolves (29%), and Eastern Conference champion Pacers (27%) were the other biggest risers.
Of course, it’s worth noting that figures from Sportico or any other media outlet are just estimates and often don’t quite match up with the sale prices for franchises that change hands. But these projections are usually in the right ballpark and remain useful for getting a sense of the league’s most and least valuable teams.
Here’s Sportico’s full list of NBA franchise valuations for 2025:
- Golden State Warriors: $11.33 billion
- Los Angeles Lakers: $10 billion
- New York Knicks: $9.85 billion
- Los Angeles Clippers: $6.72 billion
- Boston Celtics: $6.35 billion
- Brooklyn Nets: $6.22 billion
- Chicago Bulls: $6.12 billion
- Miami Heat: $6.03 billion
- Philadelphia 76ers: $5.61 billion
- Houston Rockets: $5.53 billion
- Dallas Mavericks: $5.24 billion
- Toronto Raptors: $5.22 billion
- Phoenix Suns: $5.09 billion
- Atlanta Hawks: $5.02 billion
- Sacramento Kings: $5 billion
- Cleveland Cavaliers: $4.86 billion
- Denver Nuggets: $4.8 billion
- Washington Wizards: $4.78 billion
- Indiana Pacers: $4.76 billion
- Milwaukee Bucks: $4.54 billion
- San Antonio Spurs: $4.5 billion
- Oklahoma City Thunder: $4.34 billion
- Utah Jazz: $4.27 billion
- Portland Trail Blazers: $4.25 billion
- Minnesota Timberwolves: $4.24 billion
- Orlando Magic: $4.21 billion
- Detroit Pistons: $4.17 billion
- Charlotte Hornets: $4.13 billion
- New Orleans Pelicans: $4.02 billion
- Memphis Grizzlies: $4 billion
As Badenhausen notes, Sportico’s projections are based on a control sale price, rather than limited stake purchases. Controlling shares in the Celtics, Lakers, and Trail Blazers all changed hands this past year, though only the Celtics sale has been formally approved by the NBA so far.
William Chisholm is buying the Celtics in two stages, with an initial valuation of $6.1 billion and a blended valuation of roughly $6.5 billion. Walter is purchasing the Lakers at a valuation of $10 billion, while Tom Dundon is buying the Blazers at a $4.25 billion valuation.
LeBron James Aiming To Make Season Debut By Mid-November
In the wake of the news that LeBron James would miss the start of the Lakers‘ season with sciatica on his right side, there has now been an update in his timeline, courtesy of ESPN’s Shams Charania (Twitter video link).
Charania says that James and the Lakers are targeting a mid-November season debut, but that LeBron will not rush back prematurely.
“A source told me tonight that LeBron would be taking a patient approach with this rehab from nerve injury,” Charania said. “The ramp-up process for this will be a lot of basketball-shape conditioning work.”
Charania notes that James started dealing with the nerve issue during a workout at the end of July or beginning of August, which impeded his usual preseason training ramp-up period.
Charania points to October 30 as a key date for James to be reevaluated, but adds it’s expected that he will need at least a few weeks after that to return to a conditioning level that he feels comfortable with before taking the floor again.
James, who will turn 41 in December, has played at least 75 games, including playoffs, in each of the last two seasons, after not having reached that benchmark since the 2017/18 season.
Kevon Looney Out At Least Two Weeks
Kevon Looney, the Pelicans‘ projected starting center, will be out for at least two or three weeks, the team announced (via Twitter).
According to the Pelicans, Looney was diagnosed with a proximal tibiofibular ligament sprain in his left knee, an injury sustained during the team’s October 5 contest against South East Melbourne. He’ll be reevaluated in two-to-three weeks, with further updates provided as appropriate, per the team.
Looney signed a two-year deal with the Pelicans after spending the first 10 seasons of his career with the Warriors, with whom he won two championships. He holds career averages of 5.0 points, 5.7 rebounds, and 1.6 assists per game.
Looney was brought in by New Orleans to add veteran experience to the frontcourt depth chart alongside second-year center Yves Missi and rookie Derik Queen, the latter of whom is recovering from wrist surgery that kept him out for the entirety of the Pelicans’ preseason.
Given New Orleans’ suddenly shallow depth chart up front, second-year big man Karlo Matkovic could be in line for an increased role early in the season. He played 42 games for the Pelicans last season and averaged 7.7 points, 5.0 rebounds, and 1.0 blocks in 18.8 minutes per night.
Malcolm Brogdon Announces Retirement
Veteran guard Malcolm Brogdon, who was competing for a spot on the Knicks‘ roster this month, has decided to call it a career, reports Shams Charania of ESPN. According to Charania (via Twitter), Brogdon is retiring as a player.
Charania suggests (via Twitter) that Brogdon was on track to make New York’s regular season roster after joining the team on a non-guaranteed Exhibit 9 contract. However, the 32-year-old had been considering retirement and informed the Knicks on Wednesday of his decision.
“Today, I officially begin my transition out of my basketball career,” Brogdon wrote in a statement to ESPN. “I have proudly given my mind, body, and spirit to the game over the last few decades. With the many sacrifices it took to get here, I have received many rewards. I am deeply grateful to have arrived to this point on my own terms and now to be able to reap the benefits of my career with my family and friends. Thank you, from the bottom of my heart, to all who have had a place in my journey.”
The 36th overall pick in the 2016 draft, Brogdon was named Rookie of the Year in 2017 with the Bucks and won a Sixth Man of the Year award with the Celtics in 2023. He spent three seasons in Milwaukee and three in Indiana before playing one year apiece in Boston, Portland, and Washington.
Considered a reliable contributor on both ends of the court, Brogdon had career averages of 15.3 points, 4.7 assists, and 4.1 rebounds in 29.1 minutes per game across 463 total regular season outings, with a shooting line of .463/.388/.874.
Although he was a valuable rotation player when he was on the court, injuries were a recurring problem for Brogdon, who was reportedly medically red-flagged ahead of the 2016 draft due to concerns about his foot and later dealt with various knee and leg issues. After making 75 appearances as a rookie, he played more than 56 games just twice in the next eight seasons and never again cracked the 70-game mark.
Due to their hard cap situation, the Knicks would only have been able to keep one camp invitee out of a group that included Brogdon, Landry Shamet, and Garrison Mathews unless they were to make a cost-cutting trade within the next few days.
With Brogdon no longer in the mix, New York may simply decide between Shamet and Mathews, who are both receiving “strong” consideration for a regular season roster spot, per James L. Edwards III of The Athletic (Twitter link). The team would still have to shed salary elsewhere in order to keep both players.