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NBA free agency 2025: Reaction and grades for the biggest signings

Lonzo Ball agreed to a two-year, $20 million contract extension after several trade suitors emerged ahead of the deadline. Mark Blinch/Getty Images

The NBA trade deadline has passed, which means the focus will now turn toward the postseason and then free agency in the summer.

But some teams will aim to sign their players to extensions players keep them from becoming free agents.

Ahead of the Feb. 6 deadline, Chicago Bulls agreed to give guard Lonzo Ball a two-year, $20 million contract extension. As part of his blockbuster trade to the Golden State Warriors from the Miami Heat, Jimmy Butler will reportedly sign a new two-year, $111 million deal that carries through the 2026-27 season. In December, the Oklahoma City Thunder signed guard Alex Caruso to a four-year extension worth $81 million that will keep him with the Western Conference leaders for the foreseeable future.

As further signings get finalized, we analyze what it means for the rest of the 2024-25 season and beyond.

MORE: Trade tracker | Trade grades | Trade deadline winners, losers

Feb. 5: Bulls give Ball a new deal amid trade links

  • Agreed to a reported two-year, $20 million extension with guard Lonzo Ball

Grade: Pass (extensions graded on pass/fail scale)