NBA Free Agency Frenzy Deals You Won't Believe Just Dropped!

2025 NBA Free Agency Live Tracker: Updates, News, Rumors, Top Players, Signings, Trades

Welcome to our live tracker of the 2025 NBA Free Agency! Day 1 was a whirlwind, with 32 players either signing new contracts or inking extensions with their current teams. And that's before we even mention blockbuster moves like Michael Porter Jr.'s trade to Brooklyn or Jalen Williams' unfortunate wrist surgery. Some teams jumped the gun, with Kevin Durant already a Houston Rocket and Desmond Bane surprisingly landing in Orlando.

Get ready for Day 2! We're bringing you the latest signings, trades, rumors, and reports as they happen, all in one convenient place. We'll provide a brief synopsis and initial thoughts on each deal, and we'll keep the most recent news at the top. Let's dive in!

Breaking News

Bucks Waive Damian Lillard, Sign Myles Turner Away From Pacers

In a stunning turn of events, the Milwaukee Bucks have made a series of bold moves that have sent shockwaves through the league.

Milwaukee has waived Damian Lillard, stretching his remaining $113 million contract over five years. This results in a staggering $22.5 million of dead money on their salary cap annually – the largest stretch in NBA history. Lillard, now a free agent, is expected to miss the entire next season recovering from a torn Achilles.

But that's not all. The Bucks then used the freed-up cap space to sign Myles Turner away from the Indiana Pacers with a four-year, $107 million contract. ESPN's Shams Charania reported that the Pacers' fear of the luxury tax, exacerbated by Tyrese Haliburton’s injury, led to them losing a key player from their NBA Finals run.

"Turner, the longest-tenured Pacer, made it known he wished to remain in Indiana. Ultimately, Indiana’s aversion to the tax, which grew after Tyrese Haliburton’s injury, allowed Bucks to get the new franchise center," Charania tweeted.

This is a massive gamble for the Bucks, who are trying to keep Giannis Antetokounmpo happy. However, early reports suggest Giannis may be processing the situation like the rest of us – with a mix of surprise and uncertainty.

Shai Gilgeous-Alexander, Thunder Agree to Max Extension

The Oklahoma City Thunder are locking up their franchise player for the foreseeable future.

Shai Gilgeous-Alexander, fresh off leading the Thunder to their first NBA title and winning MVP, has agreed to a four-year, $285 million supermax contract extension. This is the richest contract in NBA history, averaging over $70 million per season. The extension adds four years to his existing two-year, $79.1 million deal, keeping him in OKC for six seasons. The final two years of the new contract will pay him over $70 million annually.

Gilgeous-Alexander averaged 32.7 points, 6.4 assists, and 5 rebounds last season, shooting 37.5% from three. He also won the NBA scoring title, regular season MVP, and Finals MVP. He's a bonafide superstar.

The Thunder aren't done. Jalen Williams and Chet Holmgren are also extension-eligible and expected to receive max or near-max offers.

Bucks Round Out Roster After Blockbuster Moves

Following the dramatic moves involving Lillard and Turner, the Milwaukee Bucks made other adjustments to their roster:

• Traded Pat Connaughton and two second-round picks to Charlotte for Vasilije Micic. This is a cost-saving move, freeing up money to pay for players like Turner and Gary Trent Jr.
• Agreed to a deal to bring back center Jericho Sims. This is a minimum deal with a player option in the second year, providing depth behind Turner and Portis.
• Signed veteran wing Gary Harris on a two-year contract at the veteran minimum. He can provide solid minutes off the bench.

Dennis Schroder Signs with Kings for Three Years, $45 Million

The Sacramento Kings have found their point guard for the near future.

Dennis Schroder is signing with Sacramento for three years, $45 million. Schroder, traded to Detroit at the deadline, played well enough to earn this contract. He's a solid floor general, can defend, and showed his value in the playoffs with the Pistons. This is a fair price for his services.

Kings Trade Jonas Valanciunas to Nuggets for Dario Saric

The Denver Nuggets continue to improve their roster.

The Nuggets are trading Dario Saric to Sacramento for Jonas Valanciunas. Valanciunas will be the best backup center Nikola Jokic has ever had, and the two are friends. Saric played sparingly for the Nuggets last season.

The Kings save approximately $5 million this coming season and $10 million next season. Saric will have more opportunities in Sacramento.

Thunder Star Jalen Williams to Have Wrist Surgery

Oklahoma City Thunder star Jalen Williams will undergo wrist surgery.

Williams tore ligaments in his wrist in the 80th game of the season and played the entire postseason with the injury. He averaged 21.4 points and 5.5 rebounds during the championship run. He is expected to be healthy by the start of next season and is eligible for a contract extension this summer.

Gary Trent Jr. Returning to Bucks

The Milwaukee Bucks are bringing back Gary Trent Jr.

Gary Trent Jr. is returning to the Bucks on a two-year, $7.5 million deal, with the second year a player option. Trent Jr. averaged 11.1 points a game for the Bucks and shot 41.6% from 3 last season. This is a steal for the Bucks.

Jordan Clarkson to Sign with New York Knicks

The New York Knicks are adding bench scoring.

Jordan Clarkson intends to sign with the New York Knicks after clearing waivers from his buyout with the Utah Jazz. This is likely a veteran minimum contract. Clarkson is a microwave scorer off the bench who averaged 16.2 points a game last season.

Taurean Prince Re-signing in Milwaukee

The Milwaukee Bucks are bringing back Taurean Prince.

Taurean Prince will be back with the Bucks next season after agreeing to a two-year, $7.1 million deal. Prince is a solid rotation player who hustles and shoots well from three.

Sharpshooter Luke Kennard Headed to Atlanta

The Atlanta Hawks continue to add shooting.

Luke Kennard and the Hawks have agreed to a one-year, $11 million contract. He and Nickeil Alexander-Walker are a backcourt upgrade.

Suns Sign EuroLeague Star Nigel Hayes-Davis

The Phoenix Suns are adding a EuroLeague standout.

Nigel Hayes-Davis, a 2025 Euroleague champion and finals MVP, is joining the Phoenix Suns on a one-year fully guaranteed deal. This is a low-risk/high-reward situation for the Suns.

Booker Negotiating Extension with Suns

Devin Booker is expected to sign extension with Phoenix Suns.

Devin Booker is negotiating a contract extension with the Phoenix Suns. The maximum the extension can be for is two years, $150 million, which would be added to the end of the three years, $171 million he is already owed.

Luke Kornett to Sign with Spurs

The San Antonio Spurs are adding size.

Luke Kornett has agreed to sign with the San Antonio Spurs for four years, $41 million. He brings size and championship experience.

Boston Signs Luka Garza

The Boston Celtics have found Kornett's replacement.

Luka Garza agreed to a two-year, $5.5 million contract with Boston. The Celtics have been high on Garza since his college days.

Kevon Looney Signing with New Orleans

The New Orleans Pelicans are adding a veteran leader.

Kevon Looney has agreed to a two-year, $16 million contract with the Pelicans. He brings championship experience to the young team.

Caris LeVert Headed to Detroit on New Deal

The Detroit Pistons are adding a solid veteran.

Caris LeVert has agreed to terms with the Detroit Pistons, a two-year, $29 million deal. He's a solid off-the-bench veteran for the improving young team.

Kevin Porter Jr. re-signing with Bucks

The Milwaukee Bucks are keeping Kevin Porter Jr.

Kevin Porter Jr. and Milwaukee agreed to a two-year, $10.5 million contract. Keeping Porter mattered with Lillard out.

Brook Lopez, Clippers agree to two-year, $18 million deal

The Los Angeles Clippers are adding another quality center.

Lopez is headed to the Clippers on a two-year, $18 million contract. Lopez is still a solid center and a plus defender.

Nickeil Alexander-Walker headed to Atlanta

The Atlanta Hawks are having a fantastic offseason.

Nickeil Alexander-Walker agreeing to a four-year, $62 million contract that includes a trade kicker. He will greatly imporve the perimeter defence.

Ty Jerome headed to Memphis

The Memphis Grizzlies are bringing in Ty Jerome.

Ty Jerome is headed to Memphis on a three-year, $28 million contract, with a player option in the third year. He works hard and improves each year.

Clint Capela headed back to Houston

Clint Capela is returning to the Houston Rockets.

Capela agreed to a three-year, $21.5 million contract with the Rockets. The Rockets are pushing all their chips in the middle for next season.

D’Angelo Russell signs with Dallas Mavericks

D’Angelo Russell is joining the Dallas Mavericks.

D’Angelo Russell has agreed to a two-year, $12 million contract with the Dallas Mavericks. Dallas picks up a quality point guard until Kyrie Irving returns.

Nuggets bringing back Bruce Brown Jr.

Bruce Brown Jr. is returning to Denver.

Brown Jr. is headed back to Denver on a one-year deal. That is likely for the minimum and is a great deal for Denver.

TRADE: Nuggets send Michael Porter Jr. to Nets for Cam Johnson

The Denver Nuggets have made a significant trade.

Denver is trading Porter Jr. and an unprotected 2032 first-round pick to Brooklyn for Johnson. This trade is a win for the Nuggets.

B-Ball Paul returning to Detroit

The Pistons are keeping B-Ball Paul.

Paul Reed with a two-year, $11 million contract.

Lakers sign Jake LaRavia for two years, $12 million

The Los Angeles Lakers are adding Jake LaRavia.

Jake LaRavia is going to be a Laker, agreeing to a two-year, $12 million contract.

Rockets sign Dorian Finney-Smith, four years, $53 million

The Houston Rockets are swinging for the fences this offseason.

The Rockets have added veteran 3&D wing Dorian Finney-Smith with a four-year, $53 million contract

Santi Aldama returns to Memphis for three years, $52.5 million

The Memphis Grizzlies are not locking up their frontcourt.

Santi Aldama was one of the better frontcourt names on the free agent market, but you can take him off the board after he agreed to return to Memphis on a three-year, $452.5 million contract

Memphis agrees to max extension with Jaren Jackson Jr.

The Memphis Grizzlies are going to lock up Jackson with a five-year, $240 million maximum renegotiation-and-extension

This is a fair deal.

Rumors and Reports

Kings to Meet with Westbrook, Schroder

The Sacramento Kings are looking for a point guard after they traded theirs.

Sacramento has set up Zoom meetings with both Russell Westbrook and Dennis Schroder.

LeBron’s Agent Rich Paul Says No Trade Talks Taking Place

Amidst swirling rumors, LeBron James' agent, Rich Paul, clarifies there are no ongoing trade discussions with the Lakers. Despite LeBron picking up his player option, this move is seen as a push for the Lakers to aggressively pursue winning now.

Knicks to Give Mike Brown Second Interview

The New York Knicks are conducting a second interview with Mike Brown for their head coaching position. Brown, known for his winning record and playoff experience, is among the candidates being considered to succeed Tom Thibodeau.

Mavericks Expected to Sign D’Angelo Russell

The Dallas Mavericks are reportedly expected to sign point guard D’Angelo Russell to a two-year, $12 million contract. Russell is seen as a good fit for the team, providing a quality option at point guard while Kyrie Irving recovers from injury.

Lakers Interested in Ayton

Following his buyout in Portland, Deandre Ayton has emerged as a potential target for the Los Angeles Lakers. The Lakers are seeking a rim-running, paint-protecting center, and Ayton, despite his flaws, is considered a better fit than other available options.

Warriors Linked to Al Horford

Reports have linked free agent center Al Horford to the Golden State Warriors. Horford’s ability to defend both in the paint and on the perimeter makes him a stylistic fit for the Warriors, complementing Stephen Curry and Jimmy Butler.

NBA 2025-26 Salary Cap Set

For the NBA salary cap nerds out there, the NBA has formally set the salary cap and tax line numbers for next season:

• The Minimum Team Salary is $139.182 million
• The Salary Cap is $154.647
• The Luxury Tax starts at $187.895 million
• The First Apron Level is $195.945 million
• The Second Apron Level is $207.824 million

That's all for Day 1! What a start to free agency. From blockbuster trades to surprising signings, the NBA landscape is shifting dramatically. Keep checking back for updates as Day 2 unfolds – it's bound to be just as exciting!

Source: https://www.nbcsports.com/nba/news/2025-nba-free-agency-trade-live-tracker