The NBA free agency period is in full swing, with nearly every top player having agreed to new deals as teams scramble to bolster their rosters for the upcoming season. The offseason burst into action just two weeks ago, shortly after the Boston Celtics clinched the 2024 NBA Finals by defeating the Dallas Mavericks.
Open negotiations began on Sunday night at 6 p.m. ET, allowing teams to engage in discussions with any player within the league. While agreements can be reached during this time, contracts remain unsigned until the moratorium ends on July 6 at 12:01 p.m. ET. Despite this restriction, the landscape of the NBA has already started to transform significantly.
Major Moves
One of the most headline-grabbing moves this offseason is Paul George's agreement to join the Philadelphia 76ers. George, who has been a cornerstone for the Los Angeles Clippers, inked a four-year, $212 million contract with the 76ers. The Clippers reportedly balked at matching the offer, particularly in guaranteeing a fourth year. In Philadelphia, George will join forces with Joel Embiid and Tyrese Maxey, forming a formidable trio. This move solidifies the 76ers as serious contenders in the Eastern Conference.
In a related move, Philadelphia managed to secure Maxey’s future as well, signing him to a $204 million max extension. Maxey, who was a restricted free agent this summer, gives the 76ers a robust backcourt presence alongside George.
Veteran Commitments
LeBron James has reaffirmed his allegiance to the Los Angeles Lakers by agreeing to a two-year, $104 million deal. This contract, however, provides James with the flexibility to test free agency again next season, keeping his options open while giving the Lakers another shot at competing for a championship with one of the game's all-time greats.
Surprising Departures
A significant shift in the NBA landscape involves Klay Thompson moving to the Dallas Mavericks via a sign-and-trade, marking the end of an era with the Golden State Warriors. Thompson’s departure from the Warriors signifies a major change, as he has been integral to their success over the past decade. His presence in Dallas aims to bolster the Mavericks' chances in a competitive Western Conference, especially pairing up with Luka Dončić.
Trade Deals
Another notable trade sees the Oklahoma City Thunder acquiring center Isaiah Hartenstein from the New York Knicks. Hartenstein agreed to a three-year deal worth $87 million. His addition to the Thunder offers them a solid presence inside, complementing their young, dynamic roster.
Free Agents Still Available
While many top players have secured new deals, DeMar DeRozan remains available on the market. DeRozan is expected to depart from the Chicago Bulls, but interest appears subdued in the initial days of free agency. His future destination remains unclear, but teams in need of a reliable scorer and playmaker will be sure to keep an eye on his status as the free agency period progresses.
The moratorium is set to lift on July 6, and until then, the NBA free agency market is likely to see further shifts and surprises. With significant moves already shaping the league's future, fans are eagerly anticipating how these new lineups will fare when the season tips off. Each contract, trade, and negotiation sets the stage for what promises to be an intriguing and competitive NBA season ahead.