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.
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:
Lakers plan to offer Austin Reaves 4-year deal
The Los Angeles Lakers plan to offer restricted free agent Austin Reaves a four-year, $52 million contract, according to ESPN. Other teams can offer Reaves as much as $100 million, but, since he is a restricted free agent, the Lakers can match any offer to retain the guard, who broke out during L.A.’s Western Conference finals run last season.
Lakers agree to deal with Taurean Prince
Forward Taurean Prince has agreed to a one-year, $4.5 million contract with the Los Angeles Lakers, according to ESPN. Prince spent the past two seasons with the Minnesota Timberwolves, where he averaged 8.1 points per game.
Jerami Grant returning to Trail Blazers on 5-year deal
Forward Jerami Grant reached a deal to return to the Portland Trail Blazers on a five-year, $160 million contract, a person familiar with the terms told USA TODAY Sports under the condition of anonymity.
Nuggets NBA playoff hero Bruce Brown signing with Pacers
Bruce Brown, who played a pivotal role in Denver’s championship run, agreed to a two-year, $45 million deal with the Indiana Pacers, a person familiar with the terms told USA TODAY Sports under the condition of anonymity. The Nuggets couldn’t offer Brown that much and other teams who wanted to sign him, such as the Lakers, only had the mid-level exception at $12.4 million per season to offer Brown.
Kyle Kuzma re-signing with Wizards on big 4-year deal
Kyle Kuzma is returning to Washington. Kuzma agreed to a four-year, $102 million deal Friday to remain with the Wizards, a person familiar with the agreement told USA TODAY Sports. Kuzma averaged 21.2 points, 7.2 rebounds and 3.7 assists last season on the Wizards, a team that appeared to be in rebuild mode after offloading several players this offseason, including Bradley Beal. But Kuzma will not be one of them.
Trey Lyles agrees to two-year deal to return to Kings
Forward Trey Lyles will return to the Sacramento Kings on a two-year, $16 million deal, a person familiar with the agreement told USA TODAY Sports under the condition of anonymity so that they could speak freely before the deal is official.
Caris LeVert re-signing with Cavaliers
Guard Caris LeVert is staying in Cleveland after agreeing to a two-year, $32 million contract with the Cavaliers, per ESPN.
Coby White staying with Bulls
Guard Coby White has agreed to a three-year, $40 million contract to stay with the Chicago Bulls, according to ESPN.
Draymond Green agrees to new deal with Warriors
Forward Draymond Green, one of the best defenders in the league and a four-time All-Star, plans to sign a four-year, $100 million contract with the Golden State Warriors, a person familiar with the agreement told USA TODAY Sports. The person requested anonymity because he was not authorized to speak publicly until the deal is official.
Pistons acquire Joe Harris from Nets
The Detroit Pistons acquired guard Joe Harris from the Brooklyn Nets in a trade, a person familiar with the details told USA TODAY Sports. The person requested anonymity because they were not authorized to speak publicly until the deal is official. The Pistons will also acquire two second-round picks (2027 and 2029) in a deal that removes the final season of Harris’ deal at $19.9 million from Brooklyn’s books. Harris will be an unrestricted free agent following next season. The Nets created a $19.9 million trade exception to use in the offseason or next season.
Who is available?
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).
