Transactions Rumors | Hoops Rumors

Bucks To Waive Damian Lillard, Stretch Remaining Salary

July 1st, 2025 at 10:20am CST by Luke Adams

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.

Bucks, Myles Turner Finalize Four-Year Deal

July 1st, 2025 at 10:11am CST by Rory Maher

July 7: Turner is officially a Buck, per a press release from the team.

“We are thrilled that Myles chose our team and city!” general manager Jon Horst said in a statement. “He’s a winner and a dynamic player who fits us on both ends of the court. This is a big day for the Bucks and the Milwaukee community, and we are excited to welcome Myles and his family.”

July 1: Myles Turner is leaving Indiana after spending his entire 10-year career with the Pacers, according to Shams Charania of ESPN, who reports (via Twitter) that the veteran center has reached an agreement on a four-year, $107MM deal with the division-rival Bucks.

The contract will include a fourth-year player option and a 15% trade kicker, Charania adds.

According to Charania (Twitter links), Turner made it clear that he wanted to re-sign with the Pacers and tried to get a deal done with Indiana. However, ownership was reluctant to pay the luxury tax in 2025/26, particularly in the wake of Tyrese Haliburton‘s torn Achilles tendon.

Jake Fischer of The Stein Line also says (via Twitter) Turner wanted to remain with the Pacers, but hears they never offered him more than $60MM over three years.

Bucks GM Jon Horst worked with agent Austin Brown to secure Turner a nine-figure payday in a market with little cap space available, per Charania.

Turner’s floor-spacing and rim-protecting is somewhat similar to Brook Lopez, whom the Bucks lost to the Clippers in free agency. The big difference is Turner is 29, eight years younger than Lopez, and better fits Giannis Antetokounmpo‘s contention timeline.

Stunningly, the Bucks are waiving and stretching Damian Lillard — who also suffered a torn Achilles in the playoffs — to create the cap room necessary to sign Turner.

Turner helped the Pacers reach the NBA Finals for the second time in franchise history in 2024/25, pushing the heavily-favored Thunder to seven games before Haliburton’s untimely injury in the first quarter of the finale.

A former lottery pick (No. 11 overall in 2015), Turner averaged 15.6 points, 6.5 rebounds and 2.0 blocks on .481/.396/.773 shooting in 72 regular season games last season (30.2 MPG). In 23 playoff contests (29.3 MPG), Indiana’s longtime starting center averaged 13.8 PPG, 4.8 RPG and 2.0 BPG on .484/.344/.771 shooting.

This is just our speculation, but it’s possible that Indiana might pursue center Deandre Ayton in the wake of Turner’s departure. The Pacers are the team that signed him to a maximum-salary offer sheet three years ago and he’ll be a free agent soon after reaching a buyout with the Trail Blazers.

Knicks Sign Guerschon Yabusele To Two-Year Deal

July 1st, 2025 at 10:05am CST by Luke Adams

July 6: Yabusele’s deal with the Knicks is now official, per NBA.com’s transaction log.

As we previously relayed, Yabusele is expected to take a little less than the full taxpayer mid-level exception in order to create some extra breathing room below the Knicks’ hard cap.

According to Fred Katz of The Athletic (Twitter link), Yabusele’s deal will be worth $5.5MM in year one and $5.775MM in year two.

July 1: The Knicks are in agreement on a two-year, $12MM deal with free agent forward/center Guerschon Yabusele, according to Shams Charania of ESPN (Twitter link), who reports that the new contract will include a second-year player option.

Based on their cap situation, the Knicks appear set to use their full taxpayer mid-level exception on Yabusele. That would work out to approximately $11.7MM over two seasons.

So far, Yabusele’s second stint in the NBA has gone much better than his first one. The Frenchman struggled to carve out rotation minutes when he became a Celtic at age 22 in 2017 after being drafted 16th overall a year earlier.

However, he was a revelation on a minimum-salary contract with the Sixers in 2024/25, averaging 11.0 points, 5.6 rebounds, and 2.1 assists in 27.1 minutes per game, with a .501/.380/.725 shooting line.

Yabusele has the size to match up with big men in the post and the athleticism to switch onto perimeter players, making him a valuable member of any frontcourt rotation. He’ll give the Knicks another option up front to supplement Karl-Anthony Towns and Mitchell Robinson, likely sliding into the spot previously held by Precious Achiuwa, who is currently a free agent.

According to Jake Fischer of The Stein Line (Twitter link), the Nuggets were New York’s top competition for Yabusele, with San Antonio and Milwaukee among the other clubs who expressed interest. The 29-year-old was the No. 22 free agent on our top-50 list.

Now that they’ve committed their taxpayer mid-level exception to Yabusele, the Knicks will be limited to minimum-salary signings (or trades) to fill out their roster.

Thunder, Shai Gilgeous-Alexander Complete Four-Year Super-Max Extension

July 1st, 2025 at 9:06am CST by Luke Adams

July 8: Gilgeous-Alexander’s lucrative new four-year mega-deal is now official, the Thunder confirmed in a press release.

July 1: The Thunder and reigning Most Valuable Player Shai Gilgeous-Alexander have agreed to a four-year, super-max contract extension, reports Shams Charania of ESPN (Twitter link).

The contract will begin in 2027/28, adding four years to the two left on Gilgeous-Alexander’s current deal and locking him up through at least the ’29/30 season, with a player option for ’30/31, per Charania (Twitter video link).

While Charania refers to it as a $285MM payday for the Thunder star, the exact value of the contract will depend on where the 2027/28 salary cap ends up — Gilgeous-Alexander’s super-max extension will start at 35% of that season’s cap, with 8% annual increases from there. Charania’s projection assumes a 7% cap increase for next year, as projected by the NBA on Monday, followed by a 10% increase in 2027.

Gilgeous-Alexander, who will turn 27 later this month, is coming off one of the most successful seasons in NBA history. He racked up 32.7 points per game on a shooting line of .519/.375/.898 while also contributing 6.4 assists, 5.0 rebounds, 1.7 steals, and 1.0 block per contest.

He followed up that regular season performance this spring by averaging 29.9 PPG during the postseason and leading the Thunder to their first title in Oklahoma City.

Those performances earned Gilgeous-Alexander MVP honors in both the regular season and the NBA Finals, making him the 16th player in league history to win both awards in the same year. It hadn’t happened since LeBron James pulled off the feat during the 2012/13 season.

Gilgeous-Alexander actually met the performance criteria for a super-max contract (also known as a “designated veteran” deal) in 2024 by making an All-NBA team for a second straight season, but wasn’t permitted to sign his extension until this summer because he hadn’t yet met the service-time criteria.

A player with between seven and nine years of experience typically has a maximum salary of 30% of the cap, but can qualify for 35% by being named MVP, Defensive Player of the Year, or All-NBA in the most recent season or in two of the previous three seasons.

Gilgeous-Alexander had the option of waiting another year to sign his super-max extension — at that time, he could’ve added a fifth year, increasing the total projected value to nearly $370MM. However, it doesn’t come as a surprise that he opted not to leave this sort of payday on the table for another year.

The Thunder will now shift their focus to two other key extension candidates, as both Jalen Williams and Chet Holmgren are eligible this offseason for rookie scale extensions as they prepare to enter their fourth year in the NBA.

Gary Trent Jr. Remains With Bucks On Two-Year Deal

June 30th, 2025 at 10:03pm CST by Dana Gauruder

July 8: Trent’s new contract is now official, per NBA.com’s transaction log.

June 30: Free agent guard Gary Trent Jr. has agreed to a two-year, $7.5MM deal to remain with the Bucks, ESPN’s Shams Charania tweets. The second year includes a player option.

It’s slightly above the veteran’s minimum, so Milwaukee will apparently use its Non-Bird rights, which allows a team to re-sign a player for up to 120% of his previous salary or 120% of the league’s minimum salary (whichever is greater).

Trent played on the veteran’s minimum this past year despite being at least a part-time starter for Toronto the previous three seasons.

By getting a player option, Trent positions himself for another shot at free agency next summer when more teams are expected to have cap space.

Still just 26, Trent has been in the league since 2016. In his first season with the Bucks, he appeared in 74 games, making nine starts. He averaged 11.1 points, 2.3 rebounds, 1.2 assists and 1.0 steal per game.

Trent made 43.1 percent of his shots, including a near career-high 41.6 percent from deep. Of the 8.9 shots he took per game, a majority (5.9) were beyond the three-point arc.

After Damian Lillard went down with an Achilles injury, Trent had two huge offensive games in the playoffs. He scored 37 points in Game 3 against Indiana and 33 in Game 5 during Milwaukee’s first-round loss.

Jordan Clarkson Signs With Knicks

June 30th, 2025 at 8:51pm CST by Eli Cohen

July 7: Clarkson has officially signed with the Knicks, according to the NBA’s transaction log.

June 30: Jordan Clarkson will sign with the Knicks after he clears waivers, reports NBA insider Chris Haynes (via Twitter).

The Knicks had been expected to target Clarkson since news broke that he would be waived by the Jazz, writes Steve Popper of Newsday Sports (Twitter link). The veteran guard agreed to a buyout with Utah and was officially waived earlier today.

Ian Begley of SNY (Twitter link) confirms Popper’s report, saying that Clarkson had been considered a priority signing for the Knicks. Stefan Bondy of the New York Post reported (via Twitter) that the deal would likely be for the veteran’s minimum, around $3.6MM.

Clarkson averaged 16.2 points and 3.7 assists per game for the Jazz last season while shooting 36.2% from three. He played a career-low 37 games, with his season impacted both by injuries and by Utah’s tanking efforts.

The 2021 Sixth Man of the Year has been in Utah for over five years, with his best statistical season occurring in 2022/23, when he averaged 20.8 points, 4.4 assists, and 4.0 rebounds per contest. While he holds a career average of 2.9 assists per game, he became a better play-maker with the Jazz, whose point guard rotation was up-and-down during his tenure. He has averaged 4.5 assists to 2.7 turnovers over his last three seasons.

Clarkson brings a much-needed dose of ball-handling off the bench to the Knicks, whose reliance on star point guard Jalen Brunson at times left the team vulnerable to intense ball-pressure. A capable shot-creator, Clarkson will pair with fifth-year guard Miles McBride to firm up the Knicks’ depth as they look to build on last year’s Eastern Conference Finals run.

Bucks Re-Sign Taurean Prince

June 30th, 2025 at 8:40pm CST by Luke Adams

July 8: Prince is officially back under contract with the Bucks, according to a press release from the team.

June 30: The Bucks and free agent forward Taurean Prince have reached an agreement on a two-year, minimum-salary contract, reports Shams Charania of ESPN (Twitter links). The second year of the deal will be a player option.

Prince started 73 of the 80 games he played for the Bucks in 2024/25, averaging 8.2 points, 3.6 rebounds, and 1.9 assists in 27.1 minutes per night.

Prince’s ability to guard multiple positions on defense and knock down three-pointers on offense makes him a valuable rotation player on the wing. He made a career-high 43.9% of his attempts from beyond the arc in 2024/25.

Still, it’s worth noting that the 31-year-old struggled badly in the playoffs, scoring just six points on 2-of-10 shooting in 61 total minutes during the first-round series vs. Indiana. He lost his starting job after the first two games of the series and likely won’t be assured of reclaiming that role heading into training camp this fall.

Prince is the third Bucks free agent who has reached an agreement to re-sign with the team, joining Bobby Portis and Kevin Porter. However, Brook Lopez is leaving Milwaukee for the Clippers, so the club figures to be in the market for additional frontcourt help.

Hawks Sign Luke Kennard On One-Year Contract

June 30th, 2025 at 8:16pm CST by Dana Gauruder

July 8: The Hawks have made it official with Kennard, the team announced in a press release.

“We’re excited to add Luke to our group,” Hawks general manager Onsi Saleh said in a statement. “Luke is a great connector. He’s an elite shooter and proven play-maker with a high basketball IQ and team-first mentality. He fills multiple needs for us, and we believe he’s going to make our team better.”

June 30: The Hawks are signing free agent wing Luke Kennard on a one-year, $11MM contract, ESPN’s Shams Charania reports (via Twitter).

Quite a few teams were rumored to be interested in Kennard and he chose to go to the Hawks, who also agreed to a sign-and-trade on Monday to acquire another prominent wing, Nickeil Alexander-Walker.

The Hawks will use a majority of their mid-level exception to sign Kennard. The 29-year-old has long been regarded as one of the top 3-point shooters in the league. He has knocked down 43.8 percent of his 3s during his 460-game career.

Kennard appeared in 65 games with the Grizzlies this past season, the most action he’s seen since he played 70 games with the Clippers in 2021/22. He averaged 8.9 points, 2.8 rebounds and 3.3 assists while making 43.3 percent of his long-range shots in 2024/25.

Kennard will provide guard/forward depth to a Hawks team that’s clearly looking to move up in what appears to be a wide-open Eastern Conference.

Give Trae Young an assist: He helped recruit Kennard to Atlanta, Charania adds in another tweet.

Nickeil Alexander-Walker Heads To Hawks In Sign-And-Trade

June 30th, 2025 at 7:37pm CST by Dana Gauruder

July 6: The sign-and-trade deal sending Alexander-Walker to Atlanta is complete, according to press releases from the Hawks and Timberwolves.

June 30: Free agent guard Nickeil Alexander-Walker has agreed to a four-year, $62MM deal with the Hawks, ESPN’s Shams Charania reports (via Twitter).

The contract includes a fourth-year player option and a trade kicker, according to Charania (Twitter link).

The Hawks will acquire Alexander-Walker via a sign-and-trade using the $25MM trade exception created by last year’s Dejounte Murray trade, according to cap expert Yossi Gozlan (Twitter link). This will generate a trade exception for the Timberwolves worth half of Alexander-Walker’s starting salary.

The Timberwolves are also receiving cash considerations and a future second-rounder, Jon Krawczynski of The Athletic tweets. The pick is the Cavaliers’ 2027 second-rounder, according to Jake Fischer of The Stein Line (Twitter link).

By going the sign-and-trade route, Atlanta will be able to preserve its non-taxpayer mid-level exception and still has room under the luxury tax line to make use of it.

The Hawks were considered the frontrunners to acquire Alexander-Walker after the Timberwolves reached agreements with two of their other prominent players, Naz Reid and Julius Randle. According to insider Chris Haynes (Twitter link), Trae Young was instrumental in recruiting NAW to Atlanta.

Alexander-Walker emerged as one of the biggest names on the free agent market due to his three-and-D skills. He had a 23-point, six-assist outing against OKC in the Western Conference Finals.

The 26-year-old appeared in every regular season game this season, including 10 starts, averaging 9.4 points, 3.2 rebounds and 2.7 assists. He made 38.1 percent of his threes and has knocked down 36 percent of them in his career. He now slots in as the Hawks’ sixth man, backing up Dyson Daniels at shooting guard.

Magic Sign Tyus Jones To One-Year Deal

June 30th, 2025 at 7:25pm CST by Eli Cohen

July 6: The Magic have officially signed Jones, the team announced in a press release (Twitter link).

“We are excited to welcome Tyus to the Orlando Magic family,” president of basketball operations Jeff Weltman said in a statement. “He is the ultimate pro, who will bring to our team a blend of IQ, play-making, and shooting. Known for his character and leadership, Tyus will be a tremendous mentor to our young core.”

June 30: The Magic have agreed to a one-year, $7MM deal with free agent point guard Tyus Jones, Shams Charania reports for ESPN (Twitter link).

Yossi Gozlan of the Third Apron notes (via Twitter) that if the Magic intend to stay under the luxury tax, they will need to shed salary elsewhere.

As ESPN’s Bobby Marks tweets, Jones’ contract will come out of Orlando’s non-taxpayer mid-level exception, which will hard-cap the Magic at the first apron.

Jones played for the Suns last season, averaging 10.2 points and 5.3 assists while shooting 41.4% from three and 89.5% from the free throw line. He spent time as both a starter and a reserve for Phoenix as it searched for answers with an ill-balanced roster.

The 29-year-old Jones joins a rapidly improving Magic team as the backup point guard, bringing stability and depth to the backcourt rotation. He also reunites with former Grizzlies teammate Desmond Bane, having spent three seasons together in Memphis.

Jones provides injury insurance for Jalen Suggs, who has played 53 games or fewer in three of his four NBA seasons. A high-level shooter and decision-maker, Jones can slot into the starting lineup when needed and work as an off-ball player alongside star ball-handlers Paolo Banchero and Franz Wagner.