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Latest NBA Free Agents, Trades, and Rumors 2022: News Updates Here

Extensions, options and trades are confirmed as rumors heat up before free agency tomorrow.

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NBA: Denver Nuggets at Indiana Pacers Trevor Ruszkowski-USA TODAY Sports

The NBA offseason is in full swing with teams and players agreeing to extensions, picking up options and finalizing trades. With free agency set to open at 3pm PT tomorrow, rumors are also flowing like mad.

We’ll keep you up to date on the latest in this post, informing you what the other 29 NBA teams besides the Portland Trail Blazers are doing to keep their hopes strong for the coming season.

Former Blazer and recent Brooklyn Nets guard Patty Mills has declined his $6.2 million player option and will become a free agent, according to ESPN’s Adrian Wojnarowski.

ESPN’s Zach Lowe speculates that James Harden’s renegotiated salary could fall between $35-38 million, allowing the Philadelphia 76ers full use of their cap exceptions. They could increase Harden’s salary by trading away a veteran into another team’s available cap space.

Shams Charania of The Athletic reports that the Oklahoma City Thunder are declining next season’s $1.9 million option on Lu Dort, making him a restricted free agent, allowing the team to negotiate a new deal with him.

Charania also reports that Philadelphia 76’ers guard James Harden will opt out of his $47.4 million player option but re-sign with the Sixers, providing them more salary cap flexibility as they chase an NBA title.

The Denver Nuggets and Washington Wizards have started off Free Agency Eve with a bang, as Denver trades forwards Will Barton and Monte Morris to the Wizards for guards Kentavious Caldwell-Pope and Ish Smith. Barton was originally drafted by, and played for, the Trail Blazers. The news comes courtesy of Wojnarowski.

The New York Knicks have traded center Nerlens Noel and guard Alec Burks to the Detroit Pistons, clearing room for their pursuit of free agent Jalen Brunson, whom they reportedly covet. The Knicks clear $30 million in cap space. The Pistons will send back a pair of future second-rounders.

Ivica Zubac and the Los Angeles Clippers have agreed to a three-year, $33 million extension, adding two extra years to the center’s current deal, according to Wojnarowski.

The Minnesota Timberwolves have also extended forward Taurean Prince on a two year, $16 million deal, reports Wojnarowski.

The New York Knicks continue to clear cap space as they look lure free agent guard Jalen Brunson. Clearing $19 million space, the Knicks will send Nerlens Noel, Alex Burks and two second round pick to the Detroit Pistons, per Woj.

Former Memphis Grizzlies and New York Knicks coach David Fizdale has left the bench for the front office, agreeing to join Danny Ainge’s Utah Jazz’ front office, also according to Wojnarowski.

If you’re the kind to wager on the lines for free agency, you can find the latest at DraftKings. Even after the moves so far, they list the Portland Trail Blazers at +8000, 11th in the Western Conference, to win the 2022-23 NBA Championship.

Check out DraftKings Sportsbook, the official sportsbook partner of SB Nation.