The NBA offseason has begun.
Prior to last offseason, the 2021 NBA free-agent class was seen as potentially historic. LeBron James, Giannis Antetokounmpo, Paul George, Rudy Gobert and Jrue Holiday were expected to be available. Instead, they all signed contract extensions with their existing teams, drastically reducing the star power in this class.
Only five teams are projected to have significant cap space this summer, with the New York Knicks leading the way with up to $50 million available. With the free-agent landscape drastically altered from what it was expected to be, we could see another busy offseason of trades.
No matter what happens, we'll have all the latest news, rumors, buzz and analysis right here.
10:33 a.m. ET: Chicago Bulls guard Zach LaVine, who is eligible for a contract extension, reiterated Monday that he wants to be rewarded for his All-Star level of play but will work with the team's front office as it looks to use cap space for new talent.
"I just want my respect, that's the main thing," LaVine said ahead of Team USA's Olympic quarterfinal game against Spain on Tuesday.
LaVine, 26, has one season left on his contract at $19.5 million.
5:48 p.m. ET: Chris Paul has until midnight ET to decide on his $44 million player option, but there's optimism that if he does decide against picking it up that he and the Suns can reach a new deal when free agency opens on Monday night, sources told ESPN's Adrian Wojnarowski.
5:45 p.m. ET: Kawhi Leonard has declined his $36 million player option for next season and will become a free agent, a source confirmed to ESPN's Adrian Wojnarowski. The expectation is that Leonard will negotiate a new deal to stay with the LA Clippers.
2:45 p.m. ET: Are the Miami Heat setting up a run at free agent point guard Kyle Lowry? After news of the Heat declining Andre Iguodala's contract for next season, Miami picked up the $19.4 million option on Goran Dragic's deal as a possible precursor to utilize his contract as part of a potential sign-and-trade with the Toronto Raptors, sources told ESPN's Adrian Wojnarowski.
8:36 p.m. ET: The Boston Celtics have acquired Josh Richardson from the Dallas Mavericks by using the remainder of the trade exception created by the sign-and-trade deal that sent Gordon Hayward to the Charlotte Hornets last November. Richardson, now on his fourth team in four years, averaged 12.1 points in 59 games with the Mavs last season.
5:40 p.m. ET: In a three-team deal, the Celtics have acquired guard Kris Dunn, forward Bruno Fernando and a 2023 second-round pick. In exchange, the Kings received center Tristan Thompson, while the Hawks landed guard Delon Wright, sources told ESPN's Adrian Wojnarowski.
8:05 a.m. ET: The Jazz have agreed to trade center Derrick Favors and a future first-round pick to the Thunder for a future second-round pick, sources told ESPN's Adrian Wojnarowski. The deal creates some financial flexibility for Utah, while Oklahoma City adds an additional first-rounder.
11:48 p.m. ET: The Trail Blazers have acquired the No. 43 pick in tonight's draft from the Pelicans, a source told ESPN's Adrian Wojnarowski. New Orleans will receive a future second-round pick from Portland, per ESPN's Andrew Lopez.
11:25 p.m. ET: The Magic are sending the No. 33 pick to the Clippers in exchange for a future second-round pick and cash, a source told ESPN's Adrian Wojnarowski.
11:21 p.m. ET: The Thunder have acquired the No. 32 pick from the Knicks for Nos. 34 and 36, a source told ESPN's Adrian Wojnarowski.
11:16 p.m. ET: The Grizzlies have acquired the No. 30 pick in tonight's draft from the Jazz in exchange for No. 40 and two future second-round picks, a source told ESPN's Adrian Wojnarowski.
10:21 p.m. ET: The Knicks are trading the No. 21 pick to the Clippers for tonight's No. 25 pick and a future second-round pick, a source told Adrian Wojnarowski.
9:58 p.m. ET: The Knicks are trading the No. 19 pick in tonight's draft to the Hornets for a future first-round pick, a source told Adrian Wojnarowski.
9:41 p.m. ET: The Thunder have agreed to trade the No. 16 pick in tonight's draft to the Rockets for two future first-round picks, a source told ESPN's Adrian Wojnarowski.
8:23 p.m. ET: The Pacers have acquired the 31st pick in tonight's draft from the Bucks, a source told Adrian Wojnarowski.
8:16 p.m. ET: The Lakers have acquired Russell Westbrook, a 2024 second-round pick and a 2028 second-round pick from the Wizards, in exchange for Kyle Kuzma, Montrezl Harrell, Kentavious Caldwell-Pope and tonight's No. 22 pick, sources told ESPN's Adrian Wojnarowski. (Per The Athletic, the Wizards traded No. 22 to the Pacers for point guard Aaron Holiday).
7:16 p.m. ET: Detroit is finalizing a trade to send center Mason Plumlee and tonight's No. 37 pick to Charlotte for the No. 57 pick, sources told ESPN's Adrian Wojnarowski.
5:49 p.m. ET: The Cavaliers are acquiring Timberwolves guard Ricky Rubio in exchange for forward Taurean Prince, sources told ESPN's Adrian Wojnarowski. Minnesota will also receive a 2022 second-round pick and future cash considerations.
5:25 p.m. ET: The Lakers are close to a deal to acquire Wizards guard Russell Westbrook in exchange for Kyle Kuzma, Montrezl Harrell, Kentavious Caldwell-Pope and a 2021 first-round pick, sources told ESPN's Adrian Wojnarowski. There's still work to do to finalize the Westbrook deal, and talks with the Kings on a Hield deal had also been ongoing between the two teams. This is a trade Washington wants to make with Bradley Beal in mind, sources said, to create future salary cap flexibility to add talent around Beal. The idea of returning to his Los Angeles roots has been appealing to Westbrook.
5:09 p.m. ET: The Nets have traded guard Landry Shamet to the Suns for Jevon Carter and the No. 29 pick in tonight's draft, sources told ESPN's Adrian Wojnarowski. Suns coach Monty Williams has been a strong supporter of Shamet's since he coached him in Philadelphia during the 2018-19 season.
5:00 p.m. ET: Lakers center Montrezl Harrell is opting into his $9.7M player option for the 2021-22 season, sources told ESPN's Adrian Wojnarowski. The move will allow the Lakers to move forward on a deal being discussed to acquire Sacramento Kings guard Buddy Hield for Harrell and forward Kyle Kuzma.
2:16 p.m. ET: With Cade Cunningham solid to the Pistons at No. 1, the Rockets and Cavaliers are trending toward Jalen Green and Evan Mobley with the second and third picks, respectively, sources told ESPN's Adrian Wojnarowski.
1:45 p.m. ET: Trades continue to be offered -- including for the No. 1 overall pick. But unless the Detroit Pistons are blown away, they will keep the top spot and have decided to select Cade Cunningham, sources told ESPN's Adrian Wojnarowski.
4:45 p.m. ET: The Philadelphia 76ers are continuing to canvass the league for Ben Simmons trades but are armed with a steep asking price, sources told ESPN's Adrian Wojnarowski. Simmons and his agent, Klutch CEO Rich Paul, are in step with a move elsewhere.
12:07 p.m. ET: Nets assistant Mike D'Antoni is stepping down from a full-time coaching role, sources told ESPN's Adrian Wojnarowski. The long-time NBA coach is expected to continue pursuing head coaching opportunities after being a finalist for the Portland Trail Blazers opening this summer.
12:06 p.m. ET: The Brooklyn Nets have tendered a qualifying offer to reserve guard Bruce Brown, making him a restricted free agent, sources told ESPN's Adrian Wojnarowski. The qualifying offer, per ESPN's Bobby Marks, is for $4,736,102. Brown was a key role player for the Nets last season, averaging 8.8 points, 5.4 rebounds and 1.6 rebounds in his 22.3 minutes per game.
7:07 p.m. ET: The Sacramento Kings have tendered a qualifying offer to guard Terence Davis, making him a restricted free agent, sources told ESPN's Adrian Wojnarowski. Davis averaged 11.1 points in 27 games with the Kings after being traded by the Toronto Raptors in March.
1:14 p.m. ET: Milwaukee Bucks guard Bryn Forbes is declining his player option for the 2021-22 season and will become an unrestricted free agent, sources told ESPN's Adrian Wojnarowski. Forbes, 28, was fourth in the NBA in 3-point shooting (45.2%) last season.
4:45 p.m. ET: The Memphis Grizzlies are sending Jonas Valanciunas and this year's Nos. 17 and 51 picks to the New Orleans Pelicans for Steven Adams, Eric Bledsoe, this year's Nos. 10 and 40 and a protected 2022 first-round pick (via the Los Angeles Lakers), sources tell ESPN's Adrian Wojnarowski. New Orleans creates salary cap space that would allow them to either match an offer sheet on Lonzo Ball, or have the room to pursue a significant free agent point guard.
3:10 p.m. ET: Do the Golden State Warriors have the best potential package for a Bradley Beal trade? What other teams make sense? Adrian Wojnarowski and Zach Lowe break down the market for the Washington Wizards All-Star.
3:17 p.m. ET: When could the Philadelphia 76ers move on from Ben Simmons? Adrian Wojnarowski and Zach Lowe discuss the market for Simmons and why the 76ers might not rush to swing a deal before the NBA draft.
3:33 p.m. ET: What are the chances Kawhi Leonard, who had surgery earlier this month to repair a partial tear of the ACL in his right knee, leaves the LA Clippers this summer? Adrian Wojnarowski and Zach Lowe examine what the future holds for the injured superstar.
7:54 p.m. ET: The Cleveland Cavaliers have extended a qualifying offer to center Jarrett Allen, making him a restricted free agent. The team had until Aug. 1 to make the offer to Allen, a 23-year-old acquired last season in a trade from Brooklyn and viewed as one of Cleveland's core pieces. The Cavs can now match any offer given by other teams to Allen, whose size and athleticism at both ends of the floor makes him enticing.
6:31 p.m. ET: The Los Angeles Lakers have extended a qualifying offer to Talen Horton-Tucker, thus making him a restricted free agent. The qualifying offer for Horton-Tucker is $1,897,476. The Lakers have early bird rights and can sign him up to a contract that projects to start at $10.4M. The contract must be for a minimum of two seasons.
6:08 p.m. ET: Denver Nuggets wing Will Barton has declined his $14.7 million player option for the 2021-2022 season and will become a free agent, sources told ESPN's Adrian Wojnarowski. Barton, whose seven seasons in Denver make him the longest-tenured Nugget, is a top priority for Nuggets President of Basketball Operations Tim Connelly to keep long-term.
5:51 p.m. ET: Damian Lillard denied a report that he was soon to ask for a trade away from the Portland Trail Blazers but expressed that he's conflicted on the matter and is hoping big changes take him off the fence. Earlier Friday, basketball website TrueHoop reported Lillard would ask for a trade in the near future. Lillard has been having conversations about the Blazers' offseason plans with team governor Jody Allen and general manager Neil Olshey.
7:22 p.m. ET: Dealing with a fresh round of trade speculation in the wake of a coaching change, Damian Lillard said Thursday he'll keep his thoughts on the direction of the team between himself and the Portland Trail Blazers' front office. "Anything that I have to say, I'm going to say directly to [Blazers general manager] Neil [Olshey] and I'm going to address it directly with my team," Lillard said after the third day of Team USA training camp in Las Vegas. "There's really nothing else I have to say about it."
6:03 p.m. ET: Matthew Dellavedova has agreed to sign with Melbourne United in Australia's NBL, multiple sources told ESPN. Dellavedova, an eight-year NBA veteran, was set to become an unrestricted free agent this summer following his second stint with the Cleveland Cavaliers.
5:15 p.m. ET: Portland Trail Blazers center Zach Collins underwent a second surgery to repair a stress fracture in his left ankle, the team announced Tuesday. Collins, who hasn't played since Aug. 13, 2020, is set to become a free agent this summer. Portland can make him a restricted free agent by tendering a qualifying offer by Aug. 1.
1:22 p.m. ET: Kevon Looney is exercising his $5.1 million option to return to the Golden State Warriors next season, his agent Todd Ramasar told ESPN's Adrian Wojnarowski. This season, Looney, 25, started 34 of 61 games as he shared time in the starting lineup with rookie James Wiseman.
1:43 p.m. ET: The Dallas Mavericks have agreed to terms with Hall of Fame point guard Jason Kidd to be their head coach and longtime Nike executive Nico Harrison to be their general manager and run the franchise's basketball operations, sources told ESPN's Tim MacMahon on Friday. Harrison has a strong relationship with Luka Doncic, having played an instrumental role in the Mavericks star shifting from Nike to the Jordan Brand in the fall of 2019.
11:29 a.m. ET: Discussions on Philadelphia 76ers All-Star Ben Simmons' future with the franchise started in Chicago this week and included Simmons' agent, Klutch Sports CEO Rich Paul, and Sixers management, sources told ESPN's Adrian Wojnarowski. Paul engaged the Sixers on whether it makes sense to work together to find a trade before the start of next season, but no request was made and the sides are expected to continue talking ahead of the July 29 NBA draft and August free agency, sources said. The 76ers are committed to keeping Simmons as a central piece of their franchise, sources said.
11:10 a.m. ET: Rick Carlisle is returning to Indiana after agreeing to a four-year deal to become the head coach of the Pacers again, sources told ESPN's Tim MacMahon. Carlisle previously coached the Pacers for four seasons (2003-04 to 2006-07), compiling a 181-147 record and making the playoffs three times, including an Eastern Conference finals appearance in 2003-04.
2:45 p.m. ET: The Boston Celtics are finalizing an agreement to hire Brooklyn Nets assistant Ime Udoka as the franchise's new coach, sources told ESPN's Adrian Wojnarowski. Udoka inherits a roster that is already over the cap heading into the offseason.
11:02 a.m. ET: Brooklyn Nets guard Spencer Dinwiddie plans to decline the $12.3 million player option on his 2021-22 contract and become an unrestricted free agent before a Monday deadline, sources told ESPN's Adrian Wojnarowski. Dinwiddie, 28, missed most of the 2020-21 season with an ACL injury in his right knee.
9:15 a.m. ET: The Boston Celtics are sending All-Star point guard Kemba Walker, the 16th pick in this year's NBA draft and a 2025 second-round selection to the Oklahoma City Thunder for Al Horford, Moses Brown and a 2023 second-round pick, the teams announced Friday. The Celtics get significant financial flexibility as new president of basketball operations Brad Stevens tries to retool the roster around young stars Jayson Tatum and Jaylen Brown. Walker is owed roughly $73 million over the next two years, while Horford is owed $53 million -- $41 million guaranteed -- over those years.