NBA free agency live updates (2024)

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Shams Charania, John Hollinger and more

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Shams Charania·Senior Insider, NBA

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DeMar DeRozan joins Kings in sign-and-trade: Sources

Six-time All-Star DeMar DeRozan is finalizing a three-year, $76 million deal with the Sacramento Kings in a sign-and-trade, according to league sources. DeRozan becomes the most accomplished free-agent commitment for the Kings in Sacramento.

The Kings send Harrison Barnes to the San Antonio Spurs, while Chris Duarte and two second-round picks are going to the Bulls, per league sources.

Read more here.

July 7, 2024 at 1:24 AM EDTJovan Buha·Senior Writer, Lakers

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Why LeBron James is taking nearly $3 million less in Lakers deal

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(Photo: Ronald Martinez / Getty Images)

LeBron James is taking a nearly $3 million discount to keep the Los Angeles Lakers under the dreaded second apron, per The Athletic's Shams Charania. James is signing a two-year, $101.355 million deal instead of the two-year, $104 million maximum he could’ve re-signed for.

James’ new contract puts the Lakers at about $187.3 million in salary — or roughly $1.6 million under the $188.9 million second apron. If the Lakers can salary-dump a couple of their veteran minimum contracts — attaching a second-round pick to entice a trade partner — they’d create two roster spots and the flexibility to use the $5.2 million taxpayer midlevel exception. The Lakers have preferred to enter previous seasons with only 14 players on their roster for flexibility in trades and on the buyout market.

Gary Trent Jr. and Spencer Dinwiddie are two names to watch for if the Lakers clear enough space to use their taxpayer midlevel exception, according to league sources.

Had the Lakers become a second-apron team, they would’ve suffered several harsh restrictions regarding how they'd be able to build their roster for the rest of this offseason. For example, teams above the second apron cannot trade first-round picks seven years in the future, cannot trade cash in a deal, lose their midlevel exception, are limited to 100 percent salary-matching in trades and cannot combine multiple players in a deal, among several other restrictions.

Read more here.

GO FURTHERLeBron James takes $3 million less to keep Lakers under second apron, per sources: What it means

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July 7, 2024 at 12:23 AM EDTShams Charania·Senior Insider, NBA

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Update on LeBron James' deal total with Lakers

LeBron James' final two-year deal total with the Los Angeles Lakers is $101.355 million — almost $3 million less than his $104 million max, per league sources. That places the Lakers below the second apron.

Along with his player option and the no-trade clause, James' contract also includes a 15 percent trade kicker, league sources said.

It appears the Pistons might be signing Simone Fontecchio into their room exception, which is $7.98 million. Doing so would let them remove the $5.2 million cap hold on their books for him and replace it with a $1.1 million cap hold, effectively giving the Pistons $4 million in additional cap room with which to work. The Pistons would renounced his qualifying offer as part of this; depending on the exact specifics of Tobias Harris' deal, they should have about $30 million in cap room now.

July 6, 2024 at 11:07 PM EDTJames L. Edwards III·Staff Writer, Pistons

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After the DeMar DeRozan sign-and-trade, no first-round picks have been given up in a salary dump yet this offseason. That's something to monitor for the Pistons, who have a significant amount of remaining cap space.

Maybe if they hold on to their space long enough and are a last resort for a rival team looking to make a big move, they get one. But nothing so far.

July 6, 2024 at 10:58 PM EDTJohn Hollinger·Senior Writer, NBA

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Behold: The NBA's first six-team trade

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Via Dallas Mavericks

I had called the Klay Thompson sign-and-trade with Dallas turning into a five-team trade.

It actually turned into a six-team trade!

July 6, 2024 at 10:52 PM EDTKelly Iko·Staff Writer

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Harrison Barnes provides Spurs a much-needed veteran

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Daniel Dunn / USA Today

Harrison Barnes, who is heading to San Antonio in the three-team DeMar DeRozan sign-and-trade, is a sneaky addition for a Spurs team that struggled with spacing around Victor Wembanyama. The 32-year-old Barnes, who played the majority of his minutes at power forward last season (93 percent, per Cleaning the Glass), is coming off a bit of a down year in Sacramento, but still shot 38.7 percent from beyond the arc. At worst, he is an athletic, low-usage scoring option that takes care of the ball.

The Spurs adding Barnes, in conjunction with signing Chris Paul, parallels Houston's 2023 offseason strategy of adding veteran pieces around a young core. Head coach Gregg Popovich now has experience and leadership in a locker room that sorely lacked it last year. The Spurs continue to have an efficient, under-the-radar offseason and should have a much better 2024-25 campaign.

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July 6, 2024 at 10:37 PM EDTAnthony Slater·Senior Writer, Warriors

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DeMar DeRozan receives loud ovation at Kings' home arena

Here’s how the DeMar DeRozan signing is currently going over in Sacramento, where fans are congregating for the California Classic summer league.

A minute earlier, the Golden 1 Center crowd spotted Monte McNair before a summer league game and started a 'Monte! Monte!' chant

July 6, 2024 at 7:11 PM EDTTony Jones·Staff Writer, Jazz

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Nuggets signing Dario Šarić to 2-year deal: Source

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League sources confirm the Denver Nuggets are signing forward Dario Šarić to a two year deal worth $10.6 million. Šarić projects to back Both Nikola Jokić and Aaron Gordon up on the frontcourt. The Nuggets wanted to find a big with perimeter based skill in order to create more spacing in the second unit.

The interest with Šarić pre-dated free agency. He is one of the first major adds of the offseason for Denver, as the Nuggets attempt to re-tool on the fly after losing in the second round to the Minnesota Timberwolves.

Expect Denver to continue to eye the market in hopes of securing more perimeter help, in the wake of Kentavious Caldwell-Pope leaving for the Orlando Magic.

July 6, 2024 at 6:35 PM EDTMike Vorkunov·Staff Writer, NBA and Basketball Business writer

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76ers add 'battle-tested performer' Caleb Martin

The 76ers have made the Caleb Martin signing official. He'll be a good fit for the Sixers, giving them another big wing to throw on the court in the playoffs around the big three of Joel Embiid, Tyrese Maxey and Paul George. It certainly helps that Martin already has experience as a Celtics killer.

"Caleb is a battle-tested performer who has elevated his game when his teams have needed it most," 76ers president Daryl Morey said in a press release. "We're excited for him to bring his skillset and mentality to the 76ers."

July 6, 2024 at 6:19 PM EDTJames L. Edwards III·Staff Writer, Pistons

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Simone Fontecchio to re-sign with Pistons

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I can confirm that the Pistons and Simone Fonctecchio have agreed to a two-year, $16 million deal. ESPN was first to report the agreement.

"Tek-19" shot nearly 43 percent from 3 on good volume after being traded to the Pistons at the February trade deadline. Overall, he was above 40 percent in 66 combined games with the Jazz and Pistons.

Detroit has 13 players on standard deals with about 20 million in cap space remaining.

July 6, 2024 at 6:10 PM EDTJoe Vardon·Senior Writer, NBA

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LeBron James says Lakers drafting Bronny was 'a dream come true'

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Mark J. Rebilas / USA Today

LAS VEGAS — On Day 1 of LeBron James' quest for a third Olympic gold medal, he talked mostly about the Los Angeles Lakers.

That's understandable, given Saturday — the first day of training camp for Team USA — was also James' first in front of reporters since his NBA team drafted his son, hired a coach and truck out (so far) on splashy free-agent signings or trades.

"With my son, it's a dream come true for me," James said, stating the obvious about the Lakers selecting his son, Bronny James, with the No. 55 pick in the draft last month.

"When they announced his name, it was something that was super surreal," LeBron continued. "Our family still (doesn't) have enough words to explain the feeling."

Read more here.

GO FURTHERLeBron calls Lakers drafting Bronny ‘a dream come true,’ talks expectations with J.J. Redick

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July 6, 2024 at 5:28 PM EDTWilliam Guillory·Staff Writer, Pelicans

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Wizards complete acquisition of Jonas Valančiūnas

I can confirm the Pelicans will receive Chicago's 2027 2nd round pick (protected 31-50) from Washington in a sign-and-trade that sends Jonas Valančiūnas to the Wizards.

This deal will not be tied into the Dejounte Murray trade, per league sources.

July 6, 2024 at 4:30 PM EDTJosh Robbins·Senior Writer, Wizards

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More details for Jonas Valančiūnas' Wizards contract

The Wizards will use the $9.8 million trade exception they created in the Monté Morris deal to account for the impending signing of Jonas Valančiūnas. Accounting for Valančiūnas in this fashion will preserve the entirety of the Wizards' $12.8 million non-taxpayer midlevel exception in the next seven months to bring in a player (and preferably also a draft pick) via trade. That nontaxpayer midlevel exception ultimately might not be used, but it's valuable to preserve that flexibility in case a trade opportunity arises to add a player and, more importantly, a future draft pick.

Any compensation, such as a future draft pick, that may go from Washington to New Orleans in a potential Valančiūnas sign-and-trade almost certainly will be so minimal that it will not negatively impact Washington's rebuild. It probably will be something along the lines of a top-55 protected pick.

Also, while it's correct that Valančiūnas' contract does not include any team option or player option, a league source told The Athletic that the third year of Valančiūnas’ deal is non-guaranteed.

Read the rest of my Wizards mailbag here.

GO FURTHERWizards roster mailbag: Tyus Jones’ future, the value of Malcolm Brogdon and more
July 6, 2024 at 4:05 PM EDTJosh Robbins·Senior Writer, Wizards

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Tyus Jones not likely to return to Wizards

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Carmen Mandato / Getty Images

All indications are that it's unlikely Tyus Jones will return to the Wizards. He entered unrestricted free agency looking for a starting point guard role and the free-agent money that comes with it, and the Wizards have a crowded guard rotation with Jordan Poole, Malcolm Brogdon and No. 14 pick Bub Carrington. One of the reasons why Brogdon should be valuable as a stabilizing veteran is that Jones likely won't be back.

It would be a shame if Jones signs elsewhere because Wizards officials and players respect him on and off the court. He would be an ideal veteran to help youngsters adjust to the league. Meanwhile, I'd be getting a bit antsy if I were in Jones' shoes. I expected him to have a commitment to sign elsewhere before now.

Read the rest of my Wizards mailbag here.

GO FURTHERWizards roster mailbag: Tyus Jones’ future, the value of Malcolm Brogdon and more
July 6, 2024 at 4:00 PM EDTJames L. Edwards III·Staff Writer, Pistons

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Trajan Langdon's patient approach is exactly what Pistons need

Detroit Pistons president of basketball operations Trajan Langdon has only been on the job for about a month, and we've already learned a lot about him by what he hasn't done.

When the first 48 hours of free-agency negotiations opened up, Langdon didn't blow the Pistons' cap space, like some before him have. A few more days passed and he still hasn't signed players to long-term deals, like some before him have. He hasn't rushed to pigeonhole himself into a roster by the middle of July, like some before him have.

Langdon appears patient. He seems calculated. Just because something doesn't seem like it’s going on doesn’t mean something isn’t happening.

A little less than a week into the free-agency negotiation period, Detroit sits with about $27 million of the projected $65.5 million in cap space it had coming in. There remains flexibility while Langdon was able to add Tim Hardaway Jr., Tobias Harris and Malik Beasley to a roster that desperately needed more proven shooting and players who, well, play. All three of Detroit's newest additions have rarely missed games over the last few seasons. Langdon's patience allowed the Pistons to get Beasley on a team-friendly deal (one year, $6 million) — one that, if Detroit were eager beavers as soon as free agency opened, might have led to them paying triple.

Now, the Pistons can still sit back and be a team that others look to in order to dump salaries, allowing Detroit to collect assets in the process.

Read the rest of my column here.

GO FURTHEREdwards: Under Trajan Langdon, the Pistons appear to be in good hands
July 6, 2024 at 3:21 PM EDTShams Charania·Senior Insider, NBA

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The Charlotte Hornets are waiving former Oklahoma City Thunder first-round pick Aleksej Pokuševski, league sources tell The Athletic.

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July 6, 2024 at 3:15 PM EDTJosh Robbins·Senior Writer, Wizards

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The Wizards have waived Landry Shamet, the team announced. Shamet's $11 million salary for the upcoming season was nonguaranteed.

July 6, 2024 at 2:59 PM EDTShams Charania·Senior Insider, NBA

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Miles Bridges agrees to re-sign with Hornets: Sources

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Jacob Kupferman / Getty Images

Miles Bridges has agreed a three-year, $75 million deal to return to the Charlotte Hornets, per Klutch Sports CEO Rich Paul and agent Brandon Cavanaugh.

Read more here.

GO FURTHERMiles Bridges agrees to 3-year, $75 million deal to return to Hornets
July 6, 2024 at 2:30 PM EDTAnthony Slater·Senior Writer, Warriors

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Malik Monk just spoke to reporters in Sacramento:

  • He's fully cleared from his MCL issue
  • He reiterated he wants to start, but it isn't a requirement
  • On his new four-year, $78 million contract: "I could've took more money somewhere. Felt like home here."
  • On the Kings; front office: "They looking for a few more pieces."

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NBA free agency live updates (2024)

FAQs

What NBA free agents are still available? ›

3. Who are the top free agents on the market?
  • Kyle Lowry. The 76ers still need a backup point guard, and the chance to compete for another championship with his hometown team will likely be enticing. ...
  • Gary Trent Jr. ...
  • Tyus Jones. ...
  • Isaac Okoro. ...
  • Luke Kennard. ...
  • Landry Shamet. ...
  • Markelle Fultz. ...
  • Gordon Hayward.
16 hours ago

Who is the free agent in NBA 2024? ›

2024 NBA free agency player rankings, tracker
RankPlayerPOS
1LeBron James (39)SF
2Paul George (34)SF
3Tyrese Maxey (23)PG
4James Harden (34)PG
26 more rows
2 days ago

What time is NBA free agency? ›

Caleb Martin averaged 8.5 points over 5 seasons, including the last 3 with the Heat. Keep track of the latest offseason news during the 2024 free agency period, which officially opened June 30 at 6 p.m. ET. For the latest moves on official deals, visit our transactions page for all 30 teams.

What is a free agent in basketball? ›

In short, an unrestricted free agent (UFA) is free to sign with any team. Once they sign, they are a part of that new team. However, some unrestricted free agents have options on their existing contracts that, if exercised, may impact their choices. Free Agency Moratorium.

Who did the Nuggets lose in free agency? ›

The Nuggets, in a salary cap straight jacket, lost popular 3-and-D guard Kentavious Caldwell-Pope as a free agent to the Orlando Magic.

Is DeMar DeRozan a free agency? ›

The NBA free agency moratorium is over, and six-time All-Star DeMar DeRozan remains a free agent.

Did LeBron take a pay cut? ›

LeBron James said he wanted to give the Lakers something back by taking close to $3 million less in his deal to keep the team from the salary cap's second apron. “Like when you're in a relationship — like I've been married for a while now.

Who did Kings trade for DeMar DeRozan? ›

Let's start at the top: To acquire DeRozan in a sign-and-trade, the Kings are sending two seconds and reserve guard Chris Duarte to the Bulls and Harrison Barnes and an unprotected 2031 pick swap to the Spurs.

Can you trade a free agent in the NBA? ›

While restricted free agents can be signed and traded, this is not allowed if that player has signed an offer sheet with another team. The team receiving the player cannot have a payroll that exceeds the so-called "apron"—a designated level above the NBA luxury tax threshold—after the trade.

Can a free agent be signed at any time? ›

Free agents can be signed by a club at any time during the season, if they had been released by their previous club before the end of the transfer window. A club can request to sign a player on emergency basis, e.g. if several goalkeepers are injured at the same time.

What is the NBA Salary Cap for 2024? ›

The NBA announced June 30 that "the Salary Cap has been set at $140.588 million for the 2024-25 season.

Who will be an NBA free agent in 2025? ›

2025 NBA Free Agency: Top 30 Player Rankings to Know Now
  • 2025 NBA Free Agency: Top 30 Player Rankings to Know Now. ...
  • Duncan Robinson, Miami Heat (Early Termination Option) ...
  • D'Angelo Russell, Los Angeles Lakers. ...
  • Terance Mann, Los Angeles Clippers. ...
  • Cam Thomas, Brooklyn Nets (Restricted) ...
  • Malcolm Brogdon, Washington Wizards.
4 days ago

What does "ufa bird" mean in NBA? ›

The Bird exception, named after Larry Bird, is a rule included in the NBA's Collective Bargaining Agreement that allows teams to go over the salary cap to re-sign their own players. A player who qualifies for the Bird exception, formally referred to as a Qualifying Veteran Free Agent, is said to have “Bird rights.”

What are bird rights? ›

This means a player can obtain "Bird rights" by playing under three one-year contracts, a single contract of at least three years, or any combination thereof. It also means that when a player is traded, his Bird rights are traded with him, and his new team can use the Bird exception to re-sign him.

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