Trail Blazers Announce Signings Of Hansen Yang, Caleb Love
The Trail Blazers have signed first-round pick Hansen Yang to a rookie scale contract and undrafted free agent Caleb Love to a two-way deal, the team announced in a pair of press releases.
Yang, 20, is a 7’1″ center who starred with the Qingdao Eagles of the Chinese Basketball Association. He was selected as CBA Rising Star of the Year the past two seasons and Defensive Player of the Year in 2023/24. He has also been a CBA All-Star in both his years with Qingdao.
Like all first-round picks, Yang is eligible for up to 120% of the NBA’s rookie scale salary. Assuming he gets the full amount, he’ll make $4.4MM in his first season and $21.4MM over the four years of his contract.
Love played at Arizona, where he was named Pac 12 Player of the Year in 2024 and earned a spot on the All-Big 12 team this season. Love played three years at North Carolina before transferring, and the Blazers note that he’s the 13th player in NCAA history to reach 1,000 points with two schools.
Agent: Being Waived Is ‘Incredible Opportunity’ For Lillard
The Bucks‘ surprising decision to waive Damian Lillard with two guaranteed years left on his contract is being met with significant enthusiasm by at least one involved party: Lillard himself.
League sources tell Sam Amick of The Athletic that Lillard, who will spend the 2025/26 season recovering from an Achilles tear, is “elated” with the move, since it will give him the opportunity to join a team of his choosing while still being paid the $112MM+ he was owed by the Bucks.
Amick refers to it as a “dream scenario” for the star point guard, who struggled at times with the on-court fit in Milwaukee and found it challenging to be away from his children after spending the first 11 years of his playing career in Portland.
As Aaron Fentress of The Oregonian relays (via Twitter), Lillard’s agent Aaron Goodwin put out a statement essentially confirming Amick’s report.
“It’s an incredible opportunity for Damian,” Goodwin said. “He receives all of his money guaranteed, and it provides him an opportunity to decide his next destination as an unrestricted free agent. He gets a chance to rehab at home if he chooses to, and be with his family and his kids for the next year. The goal is for him to take his time and make a decision on what his next destination will be.”
As we relayed earlier, Lillard is expected to take some time to decide whether he wants to sit out this season or sign a multiyear contract and spend the season rehabbing with a team.
According to Amick, the 34-year-old has already received calls from contending teams since word broke that he was being waived by Milwaukee.
Suns Notes: Booker, Green, Beal, Hayes-Davis
The Suns and Devin Booker are discussing a contract extension, according to NBA insider Chris Haynes, who notes (via Twitter) that the star guard will soon be eligible to add two years and $150MM onto his current deal.
Marc Stein and Brian Windhorst both reported last month that Phoenix was likely to offer Booker a maximum-salary extension once he’s eligible on July 6 and the 28-year-old was expected to accept it, so Haynes’ report doesn’t come as a surprise.
Here are few more notes and rumors out of Phoenix:
- Doug Haller of The Athletic spoke to a handful of Jalen Green‘s former coaches to get a better idea of how he and Booker will be able to coexist in the Suns’ backcourt. Green, a former No. 2 overall pick, will be sent to Phoenix from Houston as part of the Kevin Durant trade. “First off, they’re really good guys,” former Rockets head coach Stephen Silas said of Green and Booker. “They’re both selfless. They both want to win. They both have seen the goods and the bads and have a really good feel for team basketball and what it takes to help you get over the top and win. It remains to be seen, but I think when you start with the base that those two guys have, it could work.”
- Arizona Sports 98.7’s John Gambadoro has predicted that Phoenix will either trade or buyout Bradley Beal, who still has two years left on his maximum-salary contract, which features a full no-trade clause. While Beal would be open to certain trade scenarios, his preference is to stay with the Suns, as he doesn’t want to uproot his family or move away from them, a source close to the three-time All-Star tells Fred Katz of The Athletic.
- Katz also takes a look at why using the waive-and-stretch provision on Beal isn’t possible unless he gives up at least $13.8MM in a buyout and spoke to some NBA executives about what type of contract the veteran shooting guard might be able to get if he were a free agent (in the range of the non-taxpayer mid-level exception).
- Nigel Hayes-Davis‘ contract with Fenerbahce included a €1 million NBA buyout clause, notes Donatas Urbonas of BasketNews.com. The NBA’s “excluded international player payment amount” for 2025/26 is $875K, which means the Suns could pay up to that portion of Hayes-Davis’ buyout — the rest would come out of his NBA salary, unless Fenerbahce agrees to lower the amount of the buyout. The veteran forward agreed to a guaranteed one-year deal with Phoenix on Monday.
Luke Adams contributed to this article.
Free Agent Rumors: Ayton, Westbrook, Horford, Heat, Beasley
Exploring the Trail Blazers‘ decision to buy out Deandre Ayton so early in the offseason, Jason Quick of The Athletic cites sources who say that Ayton’s attitude was a factor in Portland’s willingness to move on.
As Quick details, the former No. 1 overall pick was reportedly late to team flights and practices, skipped injury rehab appointments, and threw “tantrums” in the locker room when he was benched for poor effort. He also had little self-awareness about his role, says Quick, having envisioned himself as the team’s “cornerstone” when he joined the Blazers ahead of the 2023/24 season.
Teams with interest in the veteran center will have to weigh whether or not Ayton’s baggage is worth his talent after Phoenix and Portland both eventually determined it wasn’t, Quick writes.
Here are a few more free agency notes and rumors from around the NBA:
- Although they’ve reached a deal to sign Dennis Schröder to their backcourt, the Kings still have interest in signing free agent point guard Russell Westbrook too, league sources tell NBA insider Marc Stein (Twitter link).
- Stein also notes (via Twitter) that Al Horford continues to be a top target for the Warriors, as reported on Monday. One source who spoke to Adam Himmelsbach of The Boston Globe suggested Golden State is the frontrunner for Horford, though several other teams remain in the mix. The Warriors are in the market for frontcourt help following the departure of Kevon Looney to New Orleans.
- While Warriors restricted free agent Jonathan Kuminga would “love” for the Heat to pursue him, they haven’t done so to this point, per Barry Jackson of The Miami Herald (Twitter link). Miami also hasn’t been seeking a trade for Kings forward DeMar DeRozan, Jackson adds.
- Malik Beasley‘s offseason has been a nightmare so far. In addition to being the subject of an investigation related to gambling allegations, the free agent wing is facing a lawsuit from his former marketing agency, Hazan Sports Management Group, which is seeking $2.25MM in damages and legal fees for breach of contract. David Purdum of ESPN, who has the full details on the suit, says Hazan Sports alleges Beasley was dealing with “financial issues” when it took him on as a client in 2023.
Bucks Trade Connaughton, Picks To Hornets For Micic
July 6: The Hornets have officially acquired Connaughton and the Bucks’ 2031 and 2032 second-round picks in exchange for Micic, the team confirmed today in a press release.
July 1: The Bucks have agreed to trade veteran forward Pat Connaughton and two second-round picks to the Hornets for guard Vasilije Micic, according to Shams Charania of ESPN (Twitter link).
The second-rounders heading to Charlotte will be Milwaukee’s own in 2031 and 2032, Charania adds.
As Yossi Gozlan of The Third Apron tweets, Micic ($8.1MM) only makes about $1.3MM less than Connaughton ($9.4MM) next season, but the Serbian has been repeatedly rumored to be seeking a return to Europe this summer, and could give up a significant portion of his salary in a buyout. Assuming that comes to fruition, it should give the Bucks enough cap room to sign Myles Turner after waiving and stretching Damian Lillard.
Connaughton, 32, was an important reserve for the Bucks when they won the title in 2021 and has been with the team for the past seven years. However, in part due to injuries, he hasn’t looked like the same player in recent years, having been out of Milwaukee’s rotation for much of 2024/25.
Connaughton averaged 5.2 points, 2.7 rebounds and 1.7 assists on .469/.321/.774 shooting in 41 regular season games last season (14.7 minutes per contest). He only played 14 minutes over three appearances during the Bucks’ first-round playoff series vs. Indiana, which Milwaukee lost in five games.
Charlotte will acquire a couple of second-round picks for taking on Connaughton’s expiring contract. The Hornets just reacquired Micic yesterday when the Mark Williams trade with Phoenix became official.
Giannis ‘Not Pleased’ With Bucks’ Decision To Waive Lillard?
Superstar Bucks forward Giannis Antetokounmpo is “not pleased” with the team’s decision to waive Damian Lillard, league sources tell NBA insider Chris Haynes (Twitter link).
In a shocking pair of moves, the Bucks will waive Lillard and stretch the $112MM+ remaining on his contract after the star point guard suffered an Achilles tear in April, and will sign standout free agent center Myles Turner to a four-year, $107MM deal using the newly created cap room.
The Bucks’ aggressive approach to the offseason was certainly fueled by a desire to stay in contention in the short term and take advantage of Antetokounmpo’s prime years, with Lillard likely to miss most or all of 2025/26. So if Giannis isn’t happy about any of their moves, that’s problematic.
Still, it’s worth noting that ESPN’s Shams Charania has indicated Antetokounmpo was on board with the acquisition of Turner. Within his story on the Bucks’ moves, Charania writes that Antetokounmpo and Turner “both valued the opportunity to partner on the court.”
During an appearance on NBA TV (Twitter video link), Haynes suggested that Antetokounmpo may simply be reacting to the coldness of waiving Lillard – an accomplished and respected veteran star – shortly after he suffered such a major injury.
“He just didn’t like how it was handled,” Haynes said.
For what it’s worth, Lillard might view the situation as a win-win, Marc J. Spears of Andscape tweets, since adjusting to Milwaukee away from his family after spending the first 11 years of his NBA career in Portland had been a challenge for him. Now, he’ll still be paid in full by the Bucks while getting to become an unrestricted free agent, which will give him the ability to pick his own situation.
Lillard is expected to take some time to decide whether he wants to sit out this season or sign a multiyear contract and spend the season rehabbing with a team, tweets Barry Jackson of The Miami Herald. The Heat are among the teams expected to have interest, per Tim Reynolds of The Associated Press (Twitter link), though Jackson says the Oakland native will be “open to considering everything presented.”
As for Antetokounmpo, we’ll see whether he comes around on viewing the Lillard release as a necessary evil to land a player like Turner or whether the situation escalates from here. During his NBA TV spot, Haynes referred to it as “one more thing added to the equation” for Giannis as he considers whether he wants his future to be in Milwaukee or elsewhere.
Bucks Sign Gary Harris To Two-Year Deal
July 8: The Bucks’ deal with Harris is official, the team announced in a press release.
“We are excited to welcome Gary to Milwaukee,” general manager Jon Horst said in a statement. “Gary’s leadership and experience will provide further depth and stability to our backcourt, and his extensive playoff background will be instrumental during the postseason. We are thrilled for Gary to be a Buck.”
July 1: After making a pair of huge moves earlier on Tuesday morning, the Bucks have resumed filling out the edges of their roster. According to Shams Charania of ESPN (Twitter link), the team has reached an agreement on a two-year deal with free agent swingman Gary Harris.
While Charania doesn’t specify the financial details, it will likely be a minimum-salary contract for Harris. It will also include a second-year player option, Charania notes.
Harris, 30, saw his playing time decline in recent years in Orlando. He averaged just 14.8 minutes per game in 48 appearances in 2024/25, with averages of 3.0 points and 1.3 rebounds per night.
However, Harris has a long history of playing rotation minutes for both the Nuggets (2014-21) and Magic (2021-25) as a three-and-D wing. He has attempted 4.0 three-pointers per game over the course of his 11-year career and has knocked down 36.9% of them, including 38.8% since he arrived in Orlando as part of the Aaron Gordon trade in 2021. The veteran also earned praise from his Magic teammates this season for his play on defense, even in his limited role.
It has been a busy week so far for the Bucks. In addition to agreeing to terms to Harris, they’ve also struck deals to re-sign Bobby Portis, Kevin Porter Jr., Taurean Prince, and Gary Trent Jr. while unexpectedly landing a four-year commitment from Myles Turner and even more unexpectedly deciding to waive Damian Lillard and stretch his remaining salary to create short-term cap flexibility.
Kings Trading Valanciunas To Nuggets For Saric
The Kings have agreed to trade center Jonas Valanciunas to the Nuggets in exchange for forward/center Dario Saric, sources tell Shams Charania of ESPN (Twitter link).
Valanciunas will earn about $10.4MM in 2025/26, with a non-guaranteed $10MM salary for ’26/27. Saric is entering the final year of his contract, which will pay him approximately $5.4MM next season.
The Nuggets are able to take on Valanciunas’ higher salary due to the newfound roster-building flexibility they created as a result of the agreed upon trade that will send Michael Porter Jr. and a 2032 first-round pick to Brooklyn for Cameron Johnson.
Valanciunas spent his first six-plus NBA seasons with Toronto, the team that selected him No. 5 overall in the 2011 draft. He also played for Memphis and New Orleans prior to becoming a free agent last year.
The 33-year-old landed with the Wizards via sign-and-trade last summer, then was traded to Sacramento in February. The durable big man made 81 combined appearances last season, averaging 10.4 points, 7.7 rebounds and 2.0 assists in 18.8 minutes per contest.
While he’s a very limited defensive player, Valanciunas is a bruising low-post scorer and rebounder with a soft touch and should be a productive backup for three-time MVP Nikola Jokic.
As for the Kings, they were likely motivated to make the deal for financial reasons. As Yossi Gozlan of The Third Apron tweets, Sacramento will save about $5MM in the trade, which will give the team the flexibility to complete its reported deal with veteran guard Dennis Schröder without going into the tax.
Saric signed a two-year, $10.6MM deal with Denver last summer, but it didn’t work out the way either party had hoped. The 31-year-old only played in 16 games last season, averaging 3.5 PPG and 3.1 RPG in 13.1 MPG.
Hoops Rumors Front Office Subscriber Chat Transcript: 7/1/2025
Hoops Rumors’ Arthur Hill held a live chat today exclusively for Trade Rumors Front Office subscribers. Topics included the Lakers’ remaining options at center, the Celtics’ dwindling roster, Damian Lillard‘s chances of playing in 2025/26, the Nuggets’ flurry of moves and more!
Hoops Rumors’ Arthur Hill held a live chat today exclusively for Trade Rumors Front Office subscribers. Topics included the Lakers' remaining options at center, the Celtics' dwindling roster, Damian Lillard's chances of playing in 2025/26, the Nuggets' flurry of moves and more!
Click here to access the chat.
Bucks To Waive Damian Lillard, Stretch Remaining Salary
The Bucks are waiving injured point guard Damian Lillard and stretching the $112.6MM owed to him over the next two years across five seasons, reports ESPN’s Shams Charania (Twitter link).
The move will help create the cap room necessary in order for the Bucks to complete their four-year, $107MM deal with free agent center Myles Turner.
It’s a shocking development, but Milwaukee was expected to aggressive this offseason in its efforts to upgrade the roster and convince superstar forward Giannis Antetokounmpo that he can still contend for a championship with the Bucks. And Lillard, who sustained a torn Achilles during the first round of the playoffs this spring, wasn’t going to be able to contribute to a title chase in 2025/26, as he’ll almost certainly miss most or all of the season.
As we explain in our glossary entry, the stretch provision allows teams to spread out a player’s remaining guaranteed salary across twice the remaining years left on his contract, plus one. That means the Bucks will now carry cap hits of $22,516,603 for the next five seasons for Lillard, instead of paying him $54,126,450 in 2025/26 and $58,456,566 in ’26/27.
The move creates more than $30MM in extra spending flexibility for Milwaukee this season.
As Bobby Marks of ESPN notes (via Twitter), teams aren’t permitted to waive and stretch a player if the move would result in waived-and-stretched salary taking up more than 15% of a season’s cap. But 15% of this season’s cap works out to about $23.2MM, so Lillard’s figure sneaks in below that threshold.
This is the largest waive-and-stretch in NBA history, Marks adds (via Twitter).
A team that waives a player and stretches his salary isn’t permitted to sign him until after the original end date of his contract, so the Bucks wouldn’t be able to bring back Lillard this season or next season once he’s healthy.
Lillard, who will turn 35 this month, averaged 24.9 points, 7.1 assists, and 4.7 rebounds per game in 58 starts for the Bucks this season, posting a shooting line of .448/.376/.921. He missed time near the end of the season after being diagnosed with a blood clot in his calf. Although the star guard was able to return during the playoffs, he suited up in just three games before tearing his Achilles.