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2025 NBA Offseason Preview: Oklahoma City Thunder

June 25th, 2025 at 6:16am CST by Luke Adams

The Thunder didn't exactly coast through the 2025 playoffs, having had to pull out a pair of Game 7 victories (over Denver and Indiana) in order to win their first NBA championship since the franchise moved from Seattle to Oklahoma City.

Still, the history books will show that this year's Thunder were one of the NBA's most dominant teams ever. Only four clubs have compiled more wins in a single regular season than the 68 victories Oklahoma City racked up in 2024/25, and the Thunder's +12.7 regular season net rating ranked second all-time, behind only the 1995/96 Bulls.

OKC's remarkable season is a testament to a rebuild that was executed nearly perfectly. Of course, Sam Presti and the Thunder got a nice head-start on that rebuilding process in 2019 when they were able to acquire future MVP Shai Gilgeous-Alexander, five first-round picks (four unprotected), and two pick swaps from a Clippers team willing to overpay for Paul George in order to secure Kawhi Leonard's free agency commitment.

Even though that move was the catalyst for this year's championship run, many of the decisions Presti has made in the years since then have paid major dividends as well. That was especially true on draft day in 2022, when the team used its own first-round pick and one from the Clippers in order to select Chet Holmgren and Jalen Williams, who have since become franchise pillars and were the team's second- and third-leading scorers behind Gilgeous-Alexander this year.

After bottoming out with a 22-60 record in 2020/21 and a 24-58 mark in '21/22, the Thunder hit the fast-forward button on their rebuild when they added Holmgren and Williams to their roster, increasing their win total by double-digits in each of the next three seasons. They went from 24 victories to 40 to 57 to 68, earning the No. 1 seed in the Western Conference in both 2024 and 2025.

We've heard repeatedly over the last year or two that the NBA has entered its parity era. The league has had seven different champions over the last seven seasons, with no team repeating as champs since the Warriors in 2017 and 2018.

A 2016 salary-cap spike allowed Golden State to sign Kevin Durant away from Oklahoma City, adding him to a team coming off a 73-win season. But a move like that would be virtually impossible to pull off under the current system, which has eliminated the possibility of a huge single-year cap jump (annual increases are capped at 10%) and has implemented more punitive roster-building and financial penalties for teams with top-heavy rosters.

Given those new restrictions, it has become more difficult than ever for an NBA front office to build and maintain a dynasty, but if any recent champion has the makings of a dynasty, it's these Thunder. Oklahoma City is the second-youngest team in league history to win a title, shouldn't face any serious salary-cap or financial obstacles anytime soon, and is armed with enough future draft picks to continue adding affordable talent to its roster for years to come.

It's a good time to be a Thunder fan.

The Thunder's Offseason Plan

No NBA team enters the 2025 offseason with fewer short-term question marks than the Thunder, who have 13 players from their championship roster on guaranteed contracts for next season and hold team-friendly options on the other two. If they want to, they could bring back literally the exact same roster in 2025/26 while remaining well below the luxury tax line.

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Draft Notes: Bailey, Johnson, Maluach, Jazz, Raptors

June 24th, 2025 at 10:08pm CST by Dana Gauruder

Ace Bailey may be the most polarizing player at the top half of the lottery. Bailey, once projected to go off the board with the No. 2 or 3 pick, could drop a few notches after his unconventional pre-draft approach.

The Wizards, according to the Philadelphia Inquirer’s Keith Pompey, are hoping that’s the case. Sources tell Pompey that the Wizards want to select the Rutgers freshman with the sixth pick. Washington hopes that Bailey’s refusal to work out for teams during the pre-draft process will cause to him to fall out of the top five.

Bailey canceled his pre-draft workout with the Sixers after they wouldn’t commit to selecting him third overall.

Here’s more draft-related info:

Tre Johnson, a top-10 prospect, has worked out for the Hornets, Jazz, Wizards and Nets, Brian Lewis of the New York Post tweets. Johnson, a one-and-done who averaged 19.9 points for Texas in his lone college season, is ranked No. 5 on ESPN’s Best Available list.
In their latest mock draft, ESPN’s Jonathan Givony and Jeremy Woo have moved Duke center Khaman Maluach into the No. 7 slot, where the Pelicans sit. New Orleans agreed to trade Kelly Olynyk to the Wizards and are in need of more size. The Suns, who acquired the No. 10 pick from the Rockets, are now projected to select Arizona forward Carter Bryant.
The Jazz currently have four picks in the draft, including the No. 5 selection. Andy Larsen of the Salt Lake Tribune gives his preferred selections at each spot in a subscriber-only story. He’s hoping Baylor’s V.J. Edgecombe slips to that spot but believes it’s more likely the Jazz will wind up with Johnson.
Multiple league sources confirmed to TSN’s Josh Lewenberg that the No. 9 pick held by the Raptors is available. Toronto is looking to upgrade its roster with established players who are ready to contribute to a playoff push.

Kyrie Irving To Decline Option, Re-Sign With Mavs On Three-Year Deal

June 24th, 2025 at 8:17pm CST by Dana Gauruder

Mavericks star guard Kyrie Irving is declining his $43MM player option and intends to sign a three-year, $119MM contract with the team as a free agent in July, ESPN’s Shams Charania reports (Twitter link). The deal, which is nearly identical to the one he signed in 2023, will include a player option for the 2027/28 season.

The nine-time All-Star is recovering from a torn ACL in his left knee, which he injured in early March.

Irving was enjoying a typically strong season prior to the injury. He averaged 24.7 points, 4.8 rebounds, 4.6 assists and 1.3 steals in 50 starts. Most of the outings came with Luka Doncic alongside him in the backcourt, so his assist totals could spike when he returns as the team’s primary ball-handler.

The deadline for Irving to opt in was today and it wasn’t surprising that the option was declined for more long-term security. As far back as April, it was reported that Dallas preferred to re-sign the 33-year-old to a three-year deal.

Irving’s first-year salary on his new contract will be lower than the option he declined, reducing the Mavs’ team salary and moving them below the second tax apron. That will enable Dallas to use the $5.7MM taxpayer mid-level exception to pursue a lead guard in free agency to run the team while Irving recovers, according to Marc Stein (Twitter link).

The Mavericks are optimistic that Irving can return to action sometime in the middle of next season. The Mavericks were hopeful that the combination of Irving and Anthony Davis would produce a championship in the short run. The unexpected addition of Cooper Flagg via winning the lottery will make them even more dangerous in the coming years.

Irving was the No. 2 free agent on our top-50 rankings and becomes the first player on that list to reach a contract agreement with his current team.

Reaction To Jrue Holiday-Anfernee Simons Trade

June 24th, 2025 at 8:08pm CST by Dana Gauruder

The Celtics pulled off a tremendous swap by not only getting off of Jrue Holiday‘s contract but also getting draft capital in return, John Hollinger of The Athletic opines.

Holiday has three years and $104.4MM left on his deal and it was fair to wonder whether the Celtics would have to attach a first-round pick or two to deal him, Hollinger writes. Instead, they’ll receive Anfernee Simons and two second-rounders from the Trail Blazers.

Boston could extend Simons’ deal — he’s got one year left on his contract, Hollinger notes. It’s also quite possible Simons could be flipped for a player with a lower cap hit as Boston looks to continue shedding salary. The Celtics reached an agreement on another cost-cutting deal on Tuesday, dealing Kristaps Porzingis to the Hawks in a three-team deal that will drop them under the second tax apron.

On the flip side, Hollinger believes this is a baffling move for Portland. The Blazers could have spent another year acquiring young talent and developing players. Instead, they’re trading one of their key sources of offense and handing the point guard duties to Scoot Henderson, who has struggled through his first two seasons.

Aaron Fentress of The Oregonian believes top executive Joe Cronin and coach Chauncy Billups are now in a must-win situation with an ownership change looming (Twitter link). The acquisition of Holiday could help the team reach the postseason and his long-term contract is irrelevant to the current regime, Fentress suggests, since Cronin and Billups might not survive an ownership change if the franchise endures another losing campaign.

The Trail Blazers don’t view themselves as a rebuilding team anymore, according to Sean Highkin of The Rose Garden Report (Substack link), who notes that making the postseason was a stated goal when Cronin and Billups received contract extensions after the team won 23 of its last 41 games.

According to Highkin, Holiday is the type of player that Billups has pined for since Damian Lillard was dealt. Holiday is not only a tough, defensive-minded guard but will provide much needed leadership in the locker room.

Highkin also points out that Cronin effectively picked Henderson over Lillard two years ago by drafting him with the No. 3 overall pick and is now choosing Henderson over Simons. Additionally, Highkin believes Holiday will be more willing to come off the bench behind Henderson than Simons would have been during his walk year, though Fentress (Twitter link) expects Holiday to end up in the starting lineup.

Finally, it’s worth noting that Steve Bulpett of Heavy.com has a source who claims Holiday is upset about being sent to Portland.

“If he winds up staying there, I’m sure he’ll be the professional he’s always been and make a positive contribution,” that source told Bulpett. “But he’s not happy with this deal. I’ll be surprised if Portland doesn’t move him on if they can, because right now he does not want to go there. I’m sure if he has to go to Portland, he’ll end up going and it’ll be OK, but right now they want to be somewhere else. But with that contract, it’s not going to be that easy.”

The idea that the Blazers would give up multiple draft picks to acquire Holiday only to try to trade him to another team doesn’t really pass the smell test, nor does it align with the reporting in the past 24 hours. We’ll see if any other reports corroborate the claim that Holiday is unhappy about the deal, but for now, the comments from Bulpett’s source can probably be taken with a grain of salt.

Nuggets Notes: Kroenke, Jokic, Tenzer, Wallace, Holmes

June 24th, 2025 at 6:54pm CST by Dana Gauruder

Nuggets vice chairman Josh Kroenke said that Nikola Jokic will receive a contract extension offer this offseason, The Denver Post’s Bennett Durando tweets, though the superstar center could receive an even bigger deal by waiting another year.

“We’re definitely gonna offer it,” Kroenke said during a Tuesday press conference. “I’m not sure if he’s gonna accept it or not because we’re also gonna explain every financial parameter around him, signing now versus signing later.”

Jokic’s contract runs through 2026/27, with a player option for ’27/28. Jokic will become extension-eligible on July 8 and could sign for approximately $212MM at that time on a three-year extension that replaces his option — or he could wait until July 2026 and sign for four years and $293MM.

Here’s more from Kroenke’s presser, via Durando:

Kroenke made an ominous, perhaps inadvertent statement, regarding the Collective Bargaining Agreement and its implications. While discussing the second tax apron, Kroenke brought up a doomsday scenario in which Jokic could be traded. “There are rules around it that we needed to be very careful of with our injury history,” he said (Twitter link). “Wrong person gets injured, and very quickly you’re into a scenario that I never want to have to contemplate, and that’s trading No. 15 (Jokic).”
Regarding front office responsibilities, Kroenke indicated that Ben Tenzer, the new executive vice president of basketball operations, and former Timberwolves executive Jon Wallace, who was named executive vice president of player personnel, will share duties involving trades, free agents signings and contract negotiations. Kroenke will take a more hands-on role in the short run as the duo settles into their positions, then ease back and just check in with them every few days or on a weekly basis. (Twitter links)
According to Vinny Benedetto of the Denver Gazette (Twitter link), Tenzer said that forward/center DaRon Holmes II would participate in Summer League play. Holmes tore his Achilles in his Summer League debut last July after the Nuggets traded up to snag him with the No. 22 pick.

Celtics To Trade Porzingis To Hawks In Three-Team Deal

June 24th, 2025 at 6:07pm CST by Dana Gauruder

One day after agreeing to trade Jrue Holiday, the Celtics are moving another starter. Kristaps Porzingis is headed to the Hawks in a three-team trade, ESPN’s Shams Charania reports (Twitter link).

Atlanta will acquire Porzingis and a second-round pick in the deal; Terance Mann and Atlanta’s No. 22 pick in Wednesday’s draft are headed to the Nets; and the Celtics are acquiring Georges Niang and a second-round pick.

That second-round pick headed to Boston is coming from Atlanta and is the Cavaliers’ 2031 second-rounder, per Jake Fischer of The Stein Line (Twitter link). In exchange, the Celtics are sending a 2026 second-rounder with “least favorable” language to the Hawks, tweets Michael Scotto of HoopsHype.

The trade, coupled with the agreed-upon Holiday deal with Portland, will allow the Celtics to drop below the second tax apron by $4.5MM, Spotrac contributor Keith Smith tweets. The two deals will reduce their projected luxury tax penalty by nearly $210MM, estimates cap expert Yossi Gozlan (Twitter link).

Porzingis has an expiring $30.7MM contract, while Niang’s expiring deal totals just $8.5MM. Shedding salary has been a goal this offseason for the Celtics, who were facing second-apron restrictions and substantial repeater taxpayer penalties with Jayson Tatum expected to miss most or all of next season while he recovers from a torn Achilles.

A 6’7″ marksman with a career average of 39.9% from beyond the arc, Niang will fit right in as the newest member of the NBA’s leading three-point shooting team in his hometown of Boston. The 32-year-old forward played some of the best basketball of his career after being traded from Cleveland to Atlanta in February, averaging 12.1 points and posting a 41.3% mark on 6.6 threes per game in 28 games for the Hawks.

While the deal gives the Celtics another shooter and creates substantial tax savings, it depletes their depth in the frontcourt, where Al Horford and Luke Kornet are eligible for free agency. Re-signing one or both of those players while potentially adding another big man figures to be a top priority for Boston this summer.

Meanwhile, with Clint Capela headed to free agency, it appears Porzingis will slot in as the Hawks’ starting center ahead of Onyeka Okongwu. He’ll give Atlanta a quality pick-and-pop partner to team up with franchise player Trae Young and will become extension-eligible in July, though it’s unclear whether his new team will look to extend him right away.

Porzingis has an extensive injury history and was hampered this past season by a lingering illness that affected him during the second half and into the postseason, but the expectation is that he’ll be fully recovered by the fall. The veteran big man continues to produce at a high level when he’s available, having averaged 19.5 points, 6.8 rebounds, 2.1 assists, and 1.5 blocks in 28.8 minutes per game across 42 starts for the Celtics in 2024/25, with a shooting line of .483/.412/.809.

The Hawks were rumored to have interest in free agent big man Myles Turner, another rim-protecting, floor-stretching center. Their acquisition of Porzingis will presumably take them out of the mix for Turner, but they’re still well below the projected tax line and continue to explore opportunities to use a trade exception worth $25MM+, either on the trade market or in free agency (via sign-and-trade), tweets Fischer.

Atlanta made “a lot of calls” about Mann this week, according to Fischer (Twitter link), before eventually finding a taker for the 6’5″ swingman.

Mann, a Brooklyn native, has three years and $47MM remaining on his contract. Acquired from the Clippers at this year’s trade deadline, he had a solid finish to the season on Atlanta’s second unit alongside Niang, averaging 9.8 points, 3.1 rebounds, and 2.1 assists in 22.7 minutes per game across 30 outings. He posted a shooting line of .541/.386/.667 as a Hawk.

Accounting for Mann’s $15.5MM salary and the $3.4MM cap hold for the No. 22 overall pick, the Nets will use up roughly $19MM in cap space to make the deal, which can’t be completed until July 6, after the new league year begins and the July moratorium lifts.

Brooklyn still projects to have substantial cap room and now controls an amazing five first-rounders in this week’s draft — Nos. 8, 19, 22, 26, 27 — which undoubtedly will lead to more deals.

Luke Adams contributed to this story.

Trade Rumors: Giannis, K. Murray, Ellis, P. Williams, Heat

June 24th, 2025 at 4:40pm CST by Luke Adams

Superstar forward Giannis Antetokounmpo hasn’t requested a trade and the Bucks are reportedly focused on improving their roster around him, but teams around the NBA continue to monitor the situation, according to ESPN’s Brian Windhorst, who said on First Take (YouTube link) that potential Antetokounmpo suitors are hoping he won’t be thrilled by the moves Milwaukee makes in the coming days and weeks.

“The Bucks have seven free agents. Seven. Three or four of which I would refer to as core players,” Windhorst said (hat tip to RealGM). “The Bucks do not have salary cap space. The Bucks do not control their first-round draft pick for the next five years. They can’t trade it — they can’t trade the pick or the swap. The Bucks are in situation where they cannot count on Dame Lillard for next year. Maybe he can come back, but they cannot count on it. The Bucks are not interested right now in trading Giannis Antetokounmpo. And Giannis, to our knowledge, to my belief, has not asked for a trade. Those are the facts.

“We are also before the draft. We are before free agency. Will the Bucks do some things over the next two, three weeks to put themselves in a position where they can look like they could win the Eastern Conference, with those limitations? Maybe.”

Windhorst’s ESPN colleague Stephen A. Smith interjected at that point to say that the Bucks’ odds of reemerging as an Eastern Conference favorite seem “highly unlikely.”

“Right, so that’s why the league is waiting,” Windhorst continued. “People want to know why aren’t the Knicks going all-in for Kevin Durant? Why aren’t the Heat going all-in for Kevin Durant? Because, in part – there’s other reasons, but in part -they want to see what happens here with the Bucks. And we’re going to be watching closely.”

Here are a few more trade rumors from around the NBA:

Checking in on the Kings‘ roster situation and potential trade candidates ahead of the draft, Jason Anderson of The Sacramento Bee reports that the team wants to add “length and athleticism” in its frontcourt and is hoping to add a power forward/center in order to slide Keegan Murray back to small forward. According to Anderson, Murray and Keon Ellis have been generating “strong” trade interest, but Sacramento isn’t enthusiastic about moving either player.
The Bulls‘ front office has been “more responsive” to trade conversations this offseason than in the past, a source tells Joe Cowley of The Chicago Sun-Times. Cowley suggests that forward Patrick Williams is viewed as a prime candidate for Chicago, though the former No. 4 overall pick – who hasn’t taken a major step forward in recent years – still has four seasons and $72MM left on his current contract, which will make it difficult to move him for positive value without a sweetener attached.
Appearing on The Pat McAfee Show on Monday (Twitter video link), ESPN’s Shams Charania provided a little more information on what the Heat would’ve have had to give up to get Durant from the Suns, supplementing prior reporting from The Miami Herald. In order to keep Kel’el Ware out of a Durant deal, Miami likely would have had to put Jaime Jaquez, Nikola Jovic, Haywood Highsmith, the No. 20 overall pick, and a pick swap in its package, according to Charania. The Heat’s final offer reportedly fell well short of that.

Board Of Governors Unanimously Approves Timberwolves Sale

June 24th, 2025 at 4:16pm CST by Dana Gauruder

The NBA’s Board of Governors has unanimously approved the sale of the controlling interests in the Timberwolves and the WNBA’s Minnesota Lynx from Glen Taylor to Marc Lore and Alex Rodriguez, the league announced in a press release (Twitter link). The transaction is expected to close this week.

According to Chris Hine of the Minneapolis Star Tribune, the transfer will occur on Wednesday.

The BOG’s approval ends a lengthy battle for majority control of the franchise.

“We are honored to lead the Timberwolves and Lynx into a bold and exciting new era,” Lore said in a statement released by the Timberwolves. “Today marks a momentous milestone for us, and we fully recognize the great responsibility that comes with serving as stewards of these exceptional franchises. We are committed to building an organization that sets the standard for excellence, is universally admired, and rooted in pride that spans generations.”

“I’ve dedicated my entire life to the world of sports; not just as a game, but as a powerful force that unites people, uplifts communities, and changes lives,” Rodriguez added in the same statement. “I’m incredibly honored and energized to roll up my sleeves and get to work. I know what it takes to be a champion, and I’m ready to bring that same commitment and drive to create a winning culture in Minnesota.”

Taylor nixed the previous tiered payment agreement with Lore and Rodriguez in the spring of 2024, citing a breach of contract and a failure to meet a payment deadline. Lore and Rodriguez disputed that characterization, stating that they had the funds necessary to become majority owners but were awaiting NBA approval and should have been entitled to an extension.

The third payment that was in dispute would have increased Lore and Rodriguez’ share from 36% to about 80% and the purchase agreement stipulated that they could buy out Taylor’s remaining 20% stake anytime before March 2025.

The dispute went to mediation and then a November 2024 arbitration hearing. The arbitrators ruled in favor of Lore and Rodriguez in February. Taylor eventually chose not to appeal the decision, clearing the way for the Board of Governors to vote on the sale. Lore and Rodriguez needed at least 23 votes from the BOG.

Taylor is selling 100% ownership to the Lore/Rodriguez group at the $1.5 billion valuation that was initially agreed upon in 2021. The franchise’s value has increased substantially since that deal was made, which was believed to be a major factor in Taylor’s efforts to try to halt the sale.

Hine notes that Forbes recently estimated the Wolves value at $3.1 billion, with Sportico saying the Lynx are valued at $85MM.

Lore and Rodriguez will serve as co-chairmen, with Lore assuming the role of the Timberwolves’ governor and Rodriguez as alternate governor.

Kings Officially Announce Doug Christie’s Coaching Staff

June 24th, 2025 at 4:07pm CST by Luke Adams

After removing the interim tag from head coach Doug Christie and signing him to a new multiyear contract earlier this offseason, the Kings have finalized and formally announced the coaching staff that will be working with Christie in 2025/26.

Here’s the team’s new-look staff, per a press release from the team, with links to our stories on the assistants whose deals were previously reported:

Associate head coach Mike Woodson (story)
Assistant coach Bobby Jackson (story)
Assistant coach Mike Miller (story)
- Note: This is the former Knicks interim head coach, not the former Heat player.
Assistant coach Chris Darnell (story)
Assistant coach Leandro Barbosa (story)
Assistant coach/player development Dipesh Mistry
Head of player development Paul Jesperson (story)
Player development coach Jimmy Alapag
Player development coach Garrius Adams (story)
Coaching assistant/advance scout Will Scott
Head video coordinator Shandon Goldman
Assistant video coordinator Steph Ingo

“I’m excited for the opportunity to work alongside such a talented and experienced coaching staff – a group that truly reflects our values and the culture we’re building,” Christie said in a statement. “Their passion and leadership will shape not just how we play, but who we become as a team. I’m looking forward to the season ahead.”

According to Sean Cunningham of NBC Sacramento (Twitter link), Mistry will be the head coach of Sacramento’s Summer League team in July. He’s one of several names on the above list who is a carry-over from Mike Brown‘s staff. Among the front-of-bench assistants, Barbosa fits that bill too, while Woodson, Jackson, Miller, and Darnell are new additions.

Heat Pick Up Johnson’s Option; Give QOs To Mitchell, Smith

June 24th, 2025 at 3:39pm CST by Luke Adams

The Heat have completed a series of roster moves, according to reports from Anthony Chiang of The Miami Herald and Ira Winderman of the South Florida Sun Sentinel. Those moves are as follows:

Exercised their team option on Keshad Johnson ($1,955,377).
Issued a qualifying offer to Davion Mitchell ($8,741,210), making him a restricted free agent.
Issued a qualifying offer to Dru Smith (two-way), making him a restricted free agent.

Johnson, who celebrated his 24th birthday on Monday, played a limited role for the Heat as a rookie, appearing in just 16 games and logging 98 total minutes at the NBA level. However, he impressed in the G League, with averages of 17.6 points, 8.3 rebounds, and 2.3 assists in 35.1 minutes per game across 32 appearances for the Sioux Falls Skyforce. The undrafted rookie earned a promotion from his two-way contract to the standard roster in December.

While some team options remain non-guaranteed after they’re exercised, that’s not the case for Johnson, whose $1.96MM salary for 2025/26 is now fully guaranteed. He’s on track to be eligible for restricted free agency during the summer of 2026.

Mitchell, a former ninth overall pick who has always had a reputation as a tenacious defender, earned his qualifying offer by emerging as an offensive weapon during the second half of the ’24/25 season.

After being traded from Toronto to Houston, the 26-year-old averaged 10.3 points and 5.3 assists per game with a .504/.447/.702 shooting line in 30 regular season outings for the Heat. He was even better in the postseason, making 59.3% of his field goal attempts and 52.0% of his three-pointers with averages of 15.2 PPG and 6.5 APG in six play-in and playoff outings.

Mitchell, who ranks 28th on our top-50 free agent list, will have the option of accepting his $8.7MM qualifying offer, which would set him up to become an unrestricted free agent in 2026. However, he’ll likely explore a multiyear deal with the Heat or another team. If he signs an offer sheet with a rival suitor, Miami would have the opportunity to match it.

Smith had his 2024/25 cut short due to a torn Achilles, but has always been a Heat favorite and will apparently have the opportunity to return on another two-way contract. He was the only one of three Miami two-way players to receive a qualifying offer — it doesn’t appear Isaiah Stevens will get one, while Josh Christopher was ineligible for a QO.

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