The NBA Free Agency period begins today at 3:00, Pacific time, 6:00 Eastern. With the annual moratorium coming to an end, all 30 NBA franchises, including the Portland Trail Blazers, will chase available players like buffet patrons when the crab legs are refilled. Some have cap space, others mid-level exceptions, but everyone will take their shot at the ideal acquisition at some level.
Trades are commonplace during early-to-mid July as well. Some teams will be looking to improve themselves, others to clear cap space.
We suspect the Blazers intend to re-sign starters Anfernee Simons and Jusuf Nurkic if at all possible. They already made one big trade move, acquiring Detroit Pistons forward Jerami Grant. (That move should become official with the change in the NBA calendar year.) Could they have another move in the offing? Or will they be satisfied chasing free agents with the mid-level exception, valued just over $10 million?
We’ll bring you Portland’s moves—if any—in their own, individual posts today. This thread will serve as a clearinghouse for all other transactions. We’ll hear plenty of rumors, get exchanges anticipated and confirmed, and rise and fall with the waves in the NBA ocean.
Stay tuned all day long as this post populates and the landscape of the league changes before our eyes! The new season begins now. We’ll walk through it with you from beginning to end.
Jokic to Sign Richest Deal in NBA History
Charania is reporting two-time MVP Nikola Jokic and the Nuggets have agreed to a five-year, $264 million supermax contract extension which is the richest deal in NBA history.
UPDATE: Woj is reporting the Nuggets and Jokic are finalizing the deal, but with an increase in price from Charania’s original report. Jokic has agreed to a five-year, $270 million supermax contract extension.
Beal Agrees to Max Deal
Woj is reporting Washington Wizards All-Star Bradley Beal has agreed to a five-year, $251 million maximum contract with the Wizards.
Batum Stays in LA
Yahoo Sports’ Chris Haynes is reporting Los Angeles Clippers forward Nicolas Batum has reached an agreement with the Clippers on a two-year, $22 million deal.
KAT Agrees to Supermax Extension
Minnesota star Karl-Anthony Townes has agreed to a four-year, $224 million supermax extension, per Woj.
Booker and Phoenix Agree to Supermax Extension
Woj is reporting Phoenix and Devin Booker have agreed to a four-year, $224 million supermax contraction extension which will begin in 2024-25.
Charania had reported earlier in the day that the two sides were closing in on an extension, but named the price at $214 million.
Ja Morant Signs Massive Extension
Woj is reporting Memphis Grizzlies star Ja Morant has agreed to a five-year, $193 million designated rookie maximum extension that could become worth $231 million.
Anderson Heads to Minneapolis
Kyle “Slo-Mo” Anderson is leaving the Grizzlies for the Minnesota Timberwolves on a two-year, $18 million deal, per Woj.
Dort Returns to OKC
Free agent guard Lu Dort — mentioned in the past as a potential target of the Blazers — is re-signing with the Oklahoma City Thunder on a five-year, $87.5 million deal, according to Woj.
New York Lands Brunson
After a dramatic few hours, Woj is reporting Mavericks free agent guard Jalen Brunson is signing with the Knicks on a four-year, $104 million deal. The contract includes a player-option on the final season.
Drummond Signs with Bulls
Brooklyn free agent center Andre Drummond is finalizing a deal with the Chicago Bulls, per Charania.
Woj has updated the news, reporting Drummond’s contract with the Bulls is a two-year, $6.6 million deal.
Wright Joins Beal in Washington
Atlanta free agent guard Delon Wright is signing with the Wizards on a two-year, $16 million deal, per Woj. Wright is joining a veteran-crowded Washington backcourt. Franchise staple Bradley Beal signed a massive contract earlier today, and the franchise acquired guards Will Barton and Monte Morris in a recent deal with the Nuggets.
Gary Harris Signs Extension
Woj is reporting Orlando guard Gary Harris has agreed to a two-year, $26 million contract extension.
Detroit Nabs Knox
Charania is reporting Atlanta free agent forward Kevin Knox is signing with the Pistons on a two-year, $6 million deal.
Booker to Sign Supermax
Charania is reporting All-Star guard Devin Booker and the Phoenix Suns are finalizing a four-year, $214 million supermax contract extension he’s expected to sign as soon as next week.
Anthony Gill Stays in Washington
Woj is reporting Anthony Gill is re-signing with the Wizards on a two-year deal.
Lakers Add Tuscano-Anderson
Haynes is reporting Golden State free agent forward Juan Tuscano-Anderson has reached an agreement to join the Lakers.
Dallas Signs McGee
Haynes is reporting Phoenix free agent JaVale McGee is signing a three-year, $20 million deal with Dallas.
Charania reports the third year of the deal will be a player-option.
Brunson Deal Not Yet Done
After it was reported earlier that Dallas free agent Jalen Brunson was likely to sign a four-year, near $110 million deal with the Knicks, negotiations are back open. Woj is reporting Brunson — now with a five-year, $106 million offer from the Mavs to show as leverage — will hold a meeting with the Knicks soon.
Detroit Retains Marvin Bagley III
According to Haynes, restricted free agent forward Marvin Bagley is re-signing with the Detroit Pistons on a three-year, $37 million deal.
Lakers Sign Multiple Players
Charania is reporting the Los Angeles Lakers have landed multiple free agents. Lonnie Walker IV has agreed to a one-year, $6.5 million deal with LA, while free agent Troy Brown Jr. has signed on with a minimum deal.
Brooklyn Keeps Mills, Claxton
Woj is reporting free agent guard Patty Mills is staying in Brooklyn on a two-year, $14.5 million deal.
Woj reports the Nets are also keeping free agent center Nic Claxton on a two-year, $20 million deal.
Jae’Sean Tate Returns to Houston
Charania is reporting restricted free agent Jae’Sean Tate is returning to Houston on a three-year, $22.1 million deal.
Jevon Carter the Latest to Rejoin Milwaukee
According to Michael Scotto of Hoops Hype, free agent guard Jevon Carter is returning to the Bucks on a two-year, $4.6 million deal, with the second year being a player-option. Carter is the third Milwaukee player to re-sign with the franchise today, as Wesley Matthews and Bobby Portis agreed to deals earlier.
Nuggets Re-Sign Davon Reed
Charania is reporting free agent shooting guard Davon Reed is returning to the Nuggets on a two-year deal.
Thaddeus Young to Toronto
Haynes is reporting free agent forward Thaddeus Young is signing with the Raptors on a two-year, $16 million deal.
Dewayne Dedmon Re-Signs with Heat
Free agent center Dewayne Dedmon is re-signing with the Heat on a two-year, $9 million deal, according to Charania.
76ers Sign Two More Players
Woj is reporting free agent small forward Danuel House has agreed to a two-year $8.5 million deal with Philadelphia.
Woj reports the 76ers have also signed free agent guard Trevelin Queen. Both players join PJ Tucker in Philadelphia’s 2022 free agency class.
Two Top Free Agent Centers Sign Elsewhere
The Blazers are in a need of depth at the center position, but two of the top free agent centers on the market have just inked deals with other clubs.
According to Haynes, free agent center Mo Bamba is re-signing with the Orlando Magic on a two-year, $21 million deal.
Woj is reporting free agent center Chris Boucher is returning to the Toronto Raptors on a three-year, $35.25 million deal.
Matthews and Portis Stay in Milwaukee
Woj is reporting free agent forward Bobby Portis is re-signing with the Bucks on a four-year, $49 million contract.
Charania is reporting former Blazer Wesley Matthews will be joining Portis. Matthews is re-signing with Milwaukee on a one-year deal.
Tyus Jones and Amir Coffey Both Resign
According to Woj, free agent guard Tyus Jones is re-signing with the Grizzlies on a two-year, $30 million deal.
Woj also reports free agent shooting guard Amir Coffey is returning to the Clippers on a three-year, $11 million deal.
PJ Tucker Joins 76ers
According to Charania, Miami free agent PJ Tucker is finalizing a three-year, $33.2 million deal with the Philadelphia 76ers.
Oladipo and Hartenstein Sign Deals
Charania is reporting free agent guard Victor Oladipo is re-signing with the Heat on a one-year, $11 million deal. Charania also reports the Knicks have signed free agent center Isaiah Hartenstein to a two-year, $16 million-plus deal.
Monk Agrees to Deal with SAC
Charania is reporting Lakers free agent Malik Monk is signing a two-year, $19 million deal with the Sacramento Kings.
Lonnie Walker IV to Become Free Agent
Charania is reporting the Spurs are pulling the qualifying offer on shooting guard Lonnie Walker IV, making him an unrestricted free agent. Charania expects a “strong market for Walker immediately.”
Brunson to Sign with NYC
The New York Knicks are getting their guy. According to Shams Charania of The Athletic, Dallas Mavericks free agent Jalen Brunson intends to sign a four-year, near $110-million deal with the Knicks. Charania reports the Mavericks never got a chance to make an offer.
Malik Monk to SAC?
Jason Anderson of the Sacramento Bee is reporting Los Angeles Lakers shooting guard Malik Monk will likely sign with the Sacramento Kings once the free agency period opens.
Big Contract Extensions Coming for Stars
NBA correspondent Marc Stein is reporting Denver’s Nikola Jokic, Phoenix’s Devin Booker, Minnesota’s Karl-Anthony Towns, and Memphis’ Ja Morant are “all expected to verbally sign mammoth contract extensions” soon after midnight.
Extensions for Jokic, Booker, Towns, Morant, etc., must wait six hours until AFTER 12:01 AM on July 1 when the new league year officially starts ... only free agents can verbally agree to new deals between 6 PM and midnight tonight as my pal @KeithSmithNBA helpfully reminds.
This means the expected contract extension for Portland superstar Damian Lillard must wait until after midnight.
Utah Waives Hernangomez
The Athletic’s Shams Charania is reporting the Utah Jazz is waiving forward Juancho Hernangomez. Hernangomez was a part of the three-team trade in February between the Blazers, Jazz, and Spurs that sent Joe Ingles to Portland.
Hernangomez may be most famous for playing fictional basketball star Bo Cruz in the 2022 Adam Sandler movie “Hustle.”
Gallinari on the Move
ESPN’s Adrian Wojnarowski is reporting the San Antonio Spurs are expected to waive forward Danilo Gallinari, making the 33-year-old a free agent. The Spurs acquired Gallinari — along with several draft picks — from the Atlanta Hawks Wednesday in a package that sent Dejounte Murray out of town.
ESPN’s Dave McMenamin is reporting Gallinari wants the mid-level exception. Boston, Miami, and Chicago are among the teams at the top of his list.
Drama in Brooklyn?
Within minutes, all of the NBA’s focus shifted to the Brooklyn Nets after it was announced from The Athletic’s Shams Charania that Kevin Durant has requested a trade from the franchise. In a subsequent move, the team also traded a 2023 first-round pick to the Utah Jazz for Royce O’Neale, according to ESPN’s Adrian Wojnarowski.
The Nets are acquiring the Jazz's Royce O'Neal in a trade for a 2023 first-round pick, sources tell ESPN.— Adrian Wojnarowski (@wojespn) June 30, 2022
Ingles to Memphis?
Memphis radio personality Peter Edmiston is reporting the Memphis Grizzlies are showing particular interest in Portland Trail Blazers forward Joe Ingles. Ingles hasn’t played since late January due to a torn ACL, but Edmiston says Ingles’ veteran experience makes the 34-year-old a good fit for the young Grizzlies.
From what I am hearing, the Grizzlies’ interest in Joe Ingles is very real. Injury concerns at his age are legitimate but his skillset and experience would make sense for a young, talented team looking to take that next step in the playoffs.
In light of Edmiston’s report, The Athletic’s John Hollinger speculates this could signal the end of forward Kyle Anderson’s time in Memphis. Anderson — an unrestricted free agent —has been mentioned by media in the past as a potential target for Portland, a team looking to bolster its wing depth.