NBA Free Agency Frenzy Kicks Off with Major Player Moves

NEW YORK, NY — The 2025 NBA Free Agency period officially opened on Monday, June 30, at 6 p.m. ET, leading to a flurry of player movements across the league. Notably, All-Star Damian Lillard is set to be waived by the Milwaukee Bucks as they maneuver to clear salary cap space for potential new acquisitions.

In a significant signing, veteran guard Spencer Dinwiddie has finalized a one-year deal with the Charlotte Hornets, while Dante Exum has agreed to return to the Dallas Mavericks on a similar one-year basis. The Bucks are looking to acquire free-agent center Myles Turner, for whom they reportedly have a four-year, $107 million agreement.

The Oklahoma City Thunder are also making headlines. Star guard Shai Gilgeous-Alexander, who claimed the Kia MVP and NBA Finals MVP titles last season, has signed a massive four-year contract extension worth $285 million. Denver Nuggets have been busy as well, trading for veteran center Jonas Valančiūnas in exchange for Dario Šarić.

Toronto ensured they keep one of their star players, Jakob Poeltl, by agreeing to a four-year, $104 million extension. Meanwhile, Detroit secured forward Duncan Robinson on a three-year, $48 million deal through a sign-and-trade that sent Simone Fontecchio to Miami.

Veteran Dennis Schröder is set to join the Sacramento Kings on a three-year, $45 million deal, while the Bucks add veteran Gary Harris on a reported two-year contract to strengthen their backcourt.

As the negotiations continue, teams are leveraging potential trades alongside free agency signings to reshape their rosters. The upcoming 2025-26 NBA season promises competitive action as these strategic moves unfold.