With the NBA Finals complete and the draft continuing Thursday, the league's offseason frenzy is taking center stage.
Phoenix Suns forward Kevin Durant is now with the Houston Rockets.
Teams around the league are keeping an eye on former MVP Giannis Antetokounmpo and his future with the Milwaukee Bucks.
Elsewhere, the New York Knicks are still looking for a head coach, and the Boston Celtics are dramatically reshaping their roster now that Jayson Tatum will miss a good portion of next season following surgery to repair a torn left Achilles tendon.
The Memphis Grizzlies and the Orlando Magic tipped off the trade season with a multiplayer, multipick deal. Desmond Bane headed to Orlando in exchange for Kentavious Caldwell-Pope, Cole Anthony, four future first-round picks and a future first-round pick swap.
Our NBA insiders will be tracking the latest signings, buzz, news and intel throughout the summer, so stay tuned as we report on the biggest moves that will shape the league.
June 28
11:04 a.m. ET: The Chicago Bulls are trading Lonzo Ball to the Cleveland Cavaliers for Isaac Okoro, sources told ESPN's Shams Charania.
June 27
9:05 p.m. ET: Minnesota Timberwolves center Naz Reid intends to sign a new five-year, $125 million contract to stay with the franchise, sources told ESPN's Shams Charania. The deal includes a player option. Reid, the 2024 Sixth Man of the Year, declined a $15 million player option for next season and chose to stay with Minnesota after back-to-back trips to the Western Conference finals.
June 26
9:52 p.m. ET: The New York Knicks have traded Kobe Sanders to the Los Angeles Clippers, sources told ESPN's Shams Charania.
8:45 p.m. ET: The Los Angeles Lakers are acquiring the No. 36 pick in the NBA draft from Minnesota, sources told ESPN's Shams Charania. The Lakers sent No. 45 and cash to the Timberwolves, sources said.
8;25 p.m. ET: The Boston Celtics are trading No. 32 to the Orlando Magic for Nos. 46 and 57, a 2026 second-rounder and 2027 second-rounder, sources tell ESPN's Shams Charania.
8:15 p.m. ET: "There's going to be big Phoenix Suns news in the next 10 days. Devin Booker is lined up to sign a massive contract extension," ESPN's Brian Windhorst reported before the NBA draft's second round.
6:00 p.m. ET: Los Angeles Lakers guard Austin Reaves has turned down a four-year, $89.2 million extension, sources confirmed to ESPN's Dave McMenamin. It comes as no surprise. In the summer of 2026, Reaves is eligible to sign a four-year, $98 million extension, or he can opt out of the final year of his contract, become an unrestricted free agent and be eligible for 25% of the salary cap for 2026-27. The Lakers made the offer, sources said, understanding that Reaves would turn it down, but the franchise wanted to show its interest in him nonetheless and would not have wanted to send the wrong signal by not offering it. Both sides, sources said, are motivated to find a deal next summer.
3:41 p.m. ET: The Brooklyn Nets are trading the No. 36 pick in the draft to the Phoenix Suns for two future second-round picks, sources told ESPN's Shams Charania.
12:20 p.m. ET: The Los Angeles Lakers are moving up in the second round of the NBA draft tonight, acquiring the No. 45 pick from the Chicago Bulls for No. 55 and cash, sources told ESPN's Shams Charania.
June 25
10:55 p.m. ET: The Oklahoma City Thunder have traded the No. 24 pick (Nique Clifford) in the 2025 draft to the Sacramento Kings for a 2027 protected first-round pick.
10:35 p.m. ET: After missing out on Kevin Durant, the Miami Heat are interested in Golden State Warriors restricted free agent Jonathan Kuminga, either via trade or free agency, sources told ESPN's Shams Charania.
10:13 p.m. ET: The Washington Wizards are selecting guard Walter Clayton Jr. with the No. 18 pick in the draft and trading him to the Utah Jazz for the No. 21 pick (Will Riley) and the No. 43 pick in this year's draft, a second-round pick in 2031 and a second-round pick in 2032, sources told ESPN's Shams Charania.
9:32 p.m. ET: The Atlanta Hawks are trading the No. 13 pick (Derik Queen) in the 2025 draft to the New Orleans Pelicans for the No. 23 pick (Asa Newell) and an unprotected first-round pick in 2026 (most favorable between New Orleans' and Milwaukee's), sources told ESPN's Shams Charania.
9:23 p.m. ET: The Portland Trail Blazers are trading Cedric Coward, whom they selected with the No. 11 pick in the draft, to the Memphis Grizzlies for the No. 16 pick (Yang Hansen), a 2028 first-round pick (via the Orlando Magic) and two second-round picks, sources told ESPN's Shams Charania.
9:17 p.m. ET: The Charlotte Hornets are trading center Mark Williams to the Phoenix Suns in exchange for the No. 29 pick in the 2025 draft (Liam McNeeley), guard Vasilije Micic and a 2029 first-round pick, sources told ESPN's Shams Charania.
7:17 p.m. ET: The San Antonio Spurs are trading the No. 38 pick in the 2025 draft to the Indiana Pacers for a future second-round pick and cash considerations, sources told ESPN's Shams Charania.
6:28 p.m. ET: The New York Knicks are planning to interview James Borrego, an assistant coach with the New Orleans Pelicans, for the franchise's head-coaching position, sources told ESPN's Shams Charania.
5:28 p.m. ET: Utah Jazz forward John Collins has exercised his $26.5 million player options for the 2025-26 season, sources told ESPN's Shams Charania.
12:13 p.m. ET: Rockets guard Fred VanVleet will sign a two-year, $50 million deal to stay in Houston, with a player option for the 2026-27 season, sources told ESPN's Shams Charania.
10:30 a.m. ET: Several teams in the top 10 of Wednesday's NBA draft are making offers to the Boston Celtics for Jaylen Brown and Derrick White, sources told ESPN's Brian Windhorst.
June 24
9:15 p.m. ET: Nine-time All-Star Kyrie Irving is declining his $43 million player option with the Dallas Mavericks and intends to sign a three-year, $119 million contract with the franchise, sources told ESPN's Shams Charania.
6:50 p.m. ET: The Boston Celtics, Atlanta Hawks and Brooklyn Nets are finalizing a three-team trade that sends Kristaps Porzingis and a second-round pick to the Hawks, Terance Mann and Atlanta's No. 22 pick for 2025 to the Nets, and Georges Niang and a second-rounder to the Celtics, sources told ESPN's Shams Charania.
3:11 p.m. ET: The New Orleans Pelicans are trading guard CJ McCollum, center Kelly Olynyk and a future second-round pick to the Washington Wizards for guard Jordan Poole, wing Saddiq Bey and the No. 40 pick for 2025, sources told ESPN's Shams Charania.
3:04 p.m. ET: Portland Trail Blazers forward Matisse Thybulle is picking up his $11.5 million player option for the 2025-26, sources told ESPN's Shams Charania.
June 23
11:36 p.m. ET: The Boston Celtics have traded guard Jrue Holiday to the Portland Trail Blazers in exchange for Anfernee Simons and two future second-round picks, sources told ESPN's Shams Charania. The Celtics remain in trade talks with multiple players on their roster, sources said.
The deal projects to give Boston $40 million in tax savings for the 2025-2026 season and bring the team to $18 million above the second apron, per ESPN's Bobby Marks.
2:57 p.m. ET: Washington Wizards three-time NBA All-Star Khris Middleton has picked up his $33.3 million player option for the 2025-26 season, sources told ESPN's Shams Charania.
June 22
12:38 p.m. ET: The Phoenix Suns have traded 15-time All-Star Kevin Durant to the Houston Rockets for guard Jalen Green, wing Dillon Brooks, the 10th pick in this year's NBA draft and five second-round picks, sources told ESPN's Shams Charania.
June 21
4:15 p.m. ET: Milwaukee Bucks guard Pat Connaughton picked up a $9.4 million player option for the 2025-26 season, sources told ESPN's Shams Charania.
June 17
10:30 a.m. ET: Kevin Durant wanted to go to the New York Knicks, Andscape's Marc Spears reported on "NBA Today," but the Knicks weren't interested.
"The Knicks have no interest in bringing him in," Spears said. "I think these three choices [the Miami Heat, San Antonio Spurs and Houston Rockets] are by default. He definitely doesn't want to go to Minnesota, but I think there is some fear from him ... they're hoping there's going to be some respect, at Kevin's age, to give him what he wants."
June 16
5:07 p.m. ET: After trading Desmond Bane to the Orlando Magic, the Memphis Grizzlies have no intention of trading Ja Morant or Jaren Jackson Jr., ESPN's Shams Charania reported on "SportsCenter."
10 a.m. ET: The Miami Heat, San Antonio Spurs and Houston Rockets have not made offers for Kevin Durant to this point that the Phoenix Suns are excited about, ESPN's Brian Windhorst said on "Get Up." The Minnesota Timberwolves, who were aggressive in trying to land Durant at the deadline, remain in the mix.
"Minnesota, from what I understand, has been the most aggressive team in these trade talks," Windhorst said, adding that the Raptors and Clippers are sleeper teams, too.
"Toronto is making the No. 9 pick in this draft, in addition to some players, available in multiple different scenarios, and I think the LA Clippers are lurking out there as well," he said. "But I would say right now if I had to put a favorite, I definitely think Minnesota is the team that's been the most aggressive."
June 15
1:30 p.m. ET: In addition to the Houston Rockets, San Antonio Spurs and Miami Heat, there remain several teams still lurking in the Kevin Durant trade landscape, ESPN's Brian Windhorst said on "SportsCenter."
"[Kawhi Leonard] had a list of teams he preferred to go to," Windhorst said of Leonard's 2018 free agency. "He had one year left on his contract, and the Toronto Raptors were willing to roll the dice as a possible rental. And once again, you don't see Toronto on Durant's list, but the Raptors are one of the teams lurking out there, who may be willing to do this without knowing that they can keep Durant on an extension, and basically potentially be a rental.
"And I think there's a couple others, including the Los Angeles Clippers, and potentially even the Minnesota Timberwolves. This is still wide open. Maybe Durant gets what he wants, maybe he has to accept something else."
11 a.m. ET: The Memphis Grizzlies have agreed to trade Desmond Bane to the Orlando Magic for Kentavious Caldwell-Pope, Cole Anthony, four unprotected first-round picks and one first-round pick swap, sources told ESPN's Shams Charania.
June 14
2:30 p.m. ET: The Houston Rockets and Steven Adams reached an agreement on a three-year, $39 million contract extension, sources told ESPN's Sham's Charania. Adams will turn 32 years old next month.
June 13
12:38 p.m. ET: Phoenix Suns forward Kevin Durant could be traded in the next "few days," per ESPN's Shams Charania on the Pat McAfee Show. Charania added that the Houston Rockets, Miami Heat and Minnesota Timberwolves have been the teams focused on a deal over the past 24 hours.
June 12
3:20 p.m. ET: The Boston Celtics are open to hearing trade offers for guards Jaylen Brown and Derrick White, per ESPN's Shams Charania. Boston would prefer to keep the pair of NBA champions but "if they get a big offer, they have to look at everything."
2:30 p.m. ET: Trade talks are beginning to heat up for Phoenix Suns forward Kevin Durant, per ESPN's Shams Charania. Some teams are "are motivated to get this deal done sooner rather than later," but the process could play out throughout the draft.
11 a.m. ET: The NBA offseason is going to "happen faster than normal," ESPN's Brian Windhorst said on First Take. A lot of action could happen near the NBA draft, rather than early free agency.
June 10
11:40 a.m. ET: The New York Knicks were denied talking to Jason Kidd about their open head coach position, ESPN's Shams Charania reported. The Knicks were also denied permission to interview Houston Rockets coach Ime Udoka and the Minnesota Timberwolves coach Chris Finch.
10:40 a.m. ET: There is currently "no trade market" for Milwaukee Bucks star Giannis Antetokounmpo, because he "has not asked for [a trade]" and the Bucks "are not looking to trade him," ESPN's Brian Windhorst reported on Get Up.