Editor’s note: NBA free agency opens Friday at 6 p.m. ET. See what trades and moves were made before the deadline in our Thursday tracker.
The Houston Rockets want to spend and have the salary cap space to do so. The Phoenix Suns want to add more high-level talent but don’t have the salary cap space to do that without another major trade. The Los Angeles Lakers would like to pry Bruce Brown from Denver, the team that defeated the Lakers in the Western Conference finals.
Free agency opens Friday at 6 p.m. ET, and several teams will look to improve their roster in hopes of elevating to playoff contender or championship contender. They may have to do that via trade, as may be the case for James Harden, who opted into the final season of his Philadelphia contract with the idea the Sixers will trade him.
Who will make the right moves? That will unfold during free agency via signings or trades.
Let’s take a look at free agent news as USA TODAY Sports keeps you updated:
Who is available?
Controversial guard Kyrie Irving, who spent the last part of 2022-23 with the Dallas Mavericks after a trade from the Brooklyn Nets, is an unrestricted free agent. Golden State’s Draymond Green and Toronto’s Fred VanVleet also are available. See the other big-name free agents here.
James Harden will not become a free agent
Philadelphia 76ers guard James Harden will opt into the final season of his $35.6 million contract with the idea that the Sixers will trade Harden, a person familiar with the situation told USA TODAY Sports. The person requested anonymity because they were not authorized to speak publicly until there is a resolution. Harden, the 2017-18 regular-season NBA MVP, was expected to become a free agent with the possibility of re-signing with Philadelphia or returning to Houston.
Harrison Barnes, Kings agree to extension
Forward Harrison Barnes reached a three-year, $54 million extension to remain with the Sacramento Kings. Barnes averaged 15 points and 4.5 rebounds and shot 47.3% from the field last season. The 31-year-old Barnes started every game last season – one of only three NBA players to do so – and helped the Kings reach the playoffs for the first time since 2006.
Josh Hart commits to Knicks for 2023-24
New York Knicks guard Josh Hart, who had a productive season, including some strong games in the playoffs, picked up the option year on his contract for $12.9 million, ESPN and The Athletic reported. Hart averaged 10.4 points and 7.4 rebounds and shot 47.9% from the field in 11 playoff games.
What we’re hearing about free agency
Harden’s decision not to become a free agent and find a trade out of Philadelphia will alter the landscape of the 2023-24 season. …
Irving plans to meet with the Phoenix Suns once free agency opens, but the Suns do not have the salary cap space, according to Chris Haynes of TNT and Bleacher Report. It would have to be a significant sign-and-trade, and regardless of Irving, who also could return to Dallas, watch for Phoenix center Deandre Ayton’s name to come up in trade scenarios, too. …
VanVleet will get paid. The Rockets are willing to offer a two-year deal in the neighborhood of $80 million, and while the Raptors have interest in retaining the All-Star caliber guard, the Raptors are closer to a deal in the three-year, $90 million range as they weigh other financial obligations, present and future. …
The Rockets are willing to spend money as they try to expedite their rebuild under first-year coach Ime Udoka. They also have interest in Brook Lopez, but as veteran NBA reporter Marc Stein reported, it looks like Lopez will re-sign with Milwaukee, which also wants to bring back Khris Middleton. …
The Magic are an interesting team to watch. They have solid young players in 2022-23 Rookie of the Year Paolo Banchero and 2021-22 All-Rookie performer Franz Wagner, and they had a strong 2023 draft, selecting Anthony Black No. 6 and Jett Howard No. 11. The Magic were in the play-in hunt until late in the season and were close to a .500 team the second half of the season. Don’t be surprised if they spend some money on a short-term deal to preserve salary cap space beyond 2023-24. …
Green plans to keep an open mind in free agency as Golden State would like him back. Figuring out salary and length of contract are the main issues. Three or four years at $25 million per season could get that deal done between Green and Golden State. Outside of the Warriors, Sacramento and Detroit are expected to have interest. New Suns owner Mat Ishbia, who like Green played basketball at Michigan State, would love to add Green, but that would require a significant sign-and-trade. …
The night Denver won the title, key reserve Brown said money wasn’t the only thing. However, he declined the final season of his deal to become a free agent this summer, and he will have interest including some from the Lakers, who lost to the Nuggets in the Western Conference finals. …
It’s out there to some degree, but the Kawhi Leonard-Paul George pairing could be coming to an end as the Clippers explore trade possibilities, especially now that Harden is available via trade.
Which teams have considerable salary cap space?
Houston Rockets
San Antonio Spurs
Orlando Magic
Oklahoma City Thunder
Detroit Pistons
What is an unrestricted free agent?
The most common free agent is an unrestricted one. Simply put, an unrestricted free agent can sign with any team they wish. Once that contract is officially signed, the player is part of the new team.
What is a restricted free agent?
This is where it gets a little complicated. A restricted free agent can sign an offer sheet with any team, but the player’s original team has the chance to retain the player by matching the offer.
For example, if restricted free agent Austin Reaves is offered a contract by the San Antonio Spurs, the Los Angeles Lakers have the right to match the offer and retain Reaves. The NBA says the original team has the “right of first refusal.”
Restricted free agents exist in these situations: following the fourth year of a rookie contract for former first-round picks; veteran free agents who have three seasons or less of experience; and a player coming off a two-way contract who previously spent at least 15 days on an NBA roster the prior season. (A two-way contract allows a player to suit up for an NBA team or its G League affiliate).
