Prior to the league’s yearly moratorium period, which started at midnight on Saturday, the NBA’s free agency negotiation period officially began at 6 p.m. ET on Friday. Although agreements can be reached during this time, they cannot be formally signed until Thursday.
Even if there aren’t as many superstars on this year’s roster of free agents as there were in previous years, there may still be a lot of player movement through trades, as we’ve seen in previous offseasons.
One of the notable free agents was point guard Fred VanVleet of the Toronto Raptors, who inked a $130 million, three-year contract with the Houston Rockets. Kyrie Irving, a point guard, re-signed with the Dallas Mavericks for a $1
When a player is not bound by a contract and can join with any NBA team without having to pay his previous team, he is considered an unrestricted free agent (UFA). A restricted free agent (RFA) is a player who is not on the roster and is free to pursue offers from other teams while still being managed by his present team.
An RFA’s current team must have the chance to at least match any offer made by another team in order to keep him before the RFA can accept one from that team. The player is obligated to stay with his present team if they match that offer.
Our staff of NBA insiders will be providing you with up-to-date news and reports, as they search for every piece of information.
26 million, three-year contract.
11:28 a.m. ET: Sources tell ESPN’s Adrian Wojnarowski that the Miami Heat have guaranteed forward Haywood Highsmith’s contract through the 2023–2024 campaign. Highsmith’s guaranteed date is July 15.
9:58 p.m. ET: Sources told ESPN’s Adrian Wojnarowski that the Detroit Pistons and forward Isaiah Stewart had reached an agreement on a four-year, $64 million rookie contract extension. The Pistons have not had a rookie extension since Tom Gores bought the team in 2011.
11:06 PM Eastern Time: According to sources who spoke with ESPN’s Adrian Wojnarowski on Sunday night, the Philadelphia 76ers have accepted restricted free agency forward Paul Reed’s three-year, $23 million offer sheet from the Utah Jazz and will keep him.At 3:07 p.m. ET on July 8, According to sources who spoke with ESPN’s Adrian Wojnarowski, the Atlanta Hawks are dealing Patty Mills to the Oklahoma City Thunder in exchange for TyTy Washington Jr., Usman Garuba, Rudy Gay, and a second-round pick. In this agreement, the Hawks will save $4.5 million.
7:36 a.m. ET: According to sources who spoke with ESPN’s Adrian Wojnarowski, free agent Dario Saric has decided to sign a one-year contract with the Golden State Warriors. During the previous season, the 29-year-old forward averaged 6.4 points in 14 minutes and shot 39% from three.
Richaun Holmes of the Dallas Mavericks waived his $1.8 million trade kicker at 3:34 PM ET, according to sources who spoke with ESPN’s Tim MacMahon. ESPN’s Bobby Marks reports that Dallas is $10.9 million under the first apron/hard cap amount.
At 11:11 p.m. ET on July 6, According to sources who spoke to ESPN’s Adrian Wojnarowski, forward Montrezl Harrell has re-signed with the Philadelphia 76ers for a one-year contract.
9:15 p.m. ET: According to sources who spoke with ESPN’s Adrian Wojnarowski, the Memphis Grizzlies are giving up three second-round picks to the Phoenix Suns in exchange for two first-round pick swaps (2024 and 2030) and forward Isaiah Todd. The second-round picks of the Pelicans in 2025 and the Grizzlies in 2028 and 2029 are given to the Suns. Memphis will be able to exchange its own first-round selections in 2024 and 2030 for the superior selection between the
6:44 p.m. ET: Dejounte Murray’s agent, Rich Paul, informed ESPN’s Brian Windhorst that the guard and the Atlanta Hawks were nearing a four-year, $120 million contract. Murray was acquired by the Hawks from the San Antonio Spurs during the previous offseason deal.6:36 p.m. ET: According to sources who spoke with ESPN’s Andrew Lopez, the New Orleans Pelicans are converting E.J. Liddell’s two-way contract into a full deal. Liddell has a three-year contract, with a team option for the last year.
3:38 p.m. ET: Sources told ESPN’s Adrian Wojnarowski that the Sacramento Kings are getting guard Chris Duarte from the Indiana Pacers in exchange for two second-round choices. The Kings’ 2030 second-round pick and the Pacers’ 2028 second-round pick (via Dallas) are going to be exchanged.
Aaron Holiday, a free agent guard, 1:23 p.m. ET
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