Transactions Rumors | Hoops Rumors

Spurs Sign De’Aaron Fox To Four-Year Max Extension

August 4th, 2025 at 5:20pm CST by Luke Adams

5:20 pm: The deal is official, per a press release from the Spurs.

1:59 pm: The Spurs and point guard De’Aaron Fox have agreed to terms on a four-year, maximum-salary extension, agent Rich Paul tells Shams Charania of ESPN (Twitter link).

Fox will earn just over $37MM in the final year of his current contract, with his new deal taking effect next July and running through 2029/30. It will feature a starting salary worth 30% of the ’26/27 cap.

Based on the NBA’s latest projection of a 7% increase, Fox’s four-year contract would be worth a total of $222.4MM over four seasons. If the cap rises by the maximum allowable 10% next year, the value of Fox’s deal would be $228.6MM. The contract doesn’t include a fourth-year player option or a trade kicker, notes Michael Scotto of HoopsHype (Twitter link).

The fifth overall pick in 2017, Fox spent his first seven-and-a-half NBA seasons in Sacramento, where he quickly established himself as the Kings’ starting point guard and a rising star. Fox’s best season came in 2022/23, when he earned his first All-Star berth, made the All-NBA third team, and was named Clutch Player of the Year after averaging 25.0 points, 6.1 assists, and 4.2 rebounds per game for a Kings team that won 48 games.

However, as Fox neared the end of the rookie scale extension he signed in 2020, he was hesitant to finalize another contract with the Kings, expressing reservations about the team’s ability to contend for a championship.

Word broke in late January that the Kings – having received no indications from Fox that he had interest in a long-term deal – were expected to entertain trading him and that San Antonio was his preferred landing spot. Less than a week later, the 27-year-old was dealt to the Spurs in a blockbuster three-team trade that sent Zach LaVine from Chicago to Sacramento.

Fox got off to a slow start in San Antonio — his 19.7 points per game and his shooting averages of 44.6% from the floor and 27.4% on three-pointers in his first 17 outings as a Spur were well below his career averages, and he underwent season-ending surgery to address a finger injury in March.

Given the emergence of Rookie of the Year Stephon Castle and the fact that the Spurs’ draft-lottery luck allowed them to select Dylan Harper with the second overall pick in June, there was some speculation that a maximum-salary extension for Fox wouldn’t be as automatic as it seemed back in February.

However, the Spurs moved forward with Fox’s new deal just about as soon as they were eligible to do so. Sunday marked six months since Fox was traded to San Antonio, meaning the restrictions limiting the years, first-year salary, and annual raises he could receive on a veteran extension had lifted. A day later, he and the Spurs have reached an agreement on a new contract.

Based on a 7% cap increase for 2026/27, the year-by-year breakdown for Fox’s extension is as follows:

2026/27: $49,641,600
2027/28: $53,612,928
2028/29: $57,584,256
2029/30: $61,555,584
Total: $222,394,368

While Fox’s deal may be the last major piece of extension-related business for the Spurs this offseason, the team figures to continue investing heavily in its core in the years to come. Star big man Victor Wembanyama will be eligible for a rookie scale extension in 2026, with Castle becoming eligible for a rookie scale extension of his own in 2027.

Wizards Waive Two-Way Player Jaylen Martin

August 4th, 2025 at 4:40pm CST by Dana Gauruder

The Wizards have opened up a two-way spot by waiving wing Jaylen Martin, the team’s PR department tweets.

Martin signed a two-year, two-way deal with Washington in February. The 6’6” Martin saw action in 13 games off the bench for the Wizards, averaging 5.8 points, 3.4 rebounds and 1.3 assists in 18 minutes per night.

Martin, 21, also made 31 regular season G League apperances for three different teams. He averaged 13.5 points, 3.7 rebounds and 2.1 assists in 26.9 minutes per game at that level. The Florida native went undrafted in 2023 after opting to play for Overtime Elite.

In his first professional season in 2023/24, Martin spent some time with the Knicks on a two-way deal. However, he didn’t appear in a game with the team. He then signed a two-year, two-way contract with Brooklyn in February 2024, but still didn’t make his NBA debut until last season ’24/25. Martin played just five minutes for the Nets across three outings before being waived in January.

Swingman Jamir Watkins and big man Tristan Vukcevic hold Washington’s other two-way roster spots.

Daniss Jenkins Re-Signs With Pistons On Two-Way Deal

August 3rd, 2025 at 10:25am CST by Rory Maher

Guard Daniss Jenkins has re-signed with the Pistons on a two-way contract, according to the official transactions log at NBA.com.

The news was first reported by Keith Smith of Spotrac (Twitter link).

Detroit made Jenkins a restricted free agent at the end of June when it tendered him a two-way qualifying offer, which is equivalent to a one-year, two-way deal, with a small portion ($85,300) guaranteed. Jenkins may simply have accepted the QO.

The 6’3″ guard had a well-traveled run through college, playing for the Pacific Tigers, the Iona Gaels and the St. John’s Red Storm. He signed a two-way contract with the Pistons last summer after going undrafted.

While Jenkins’ NBA contributions during his rookie season were very limited – seven appearances for 23 total minutes – he played a significant role with the Pistons’ G League affiliate, the Motor City Cruise, averaging 18.5 points, 6.4 assists, 3.4 rebounds and 1.4 steals in 47 games (35.7 minutes per contest). He posted a shooting line of .427/.331/.768 with the Cruise.

In five games during the Las Vegas Summer League last month, Jenkins thrived, averaging 14.0 PPG, 5.4 APG, 2.6 RPG and 1.0 SPG on .449/.421/.783 shooting in just 22.6 MPG.

Jenkins, who was named to the All-NBA G League Rookie Team in 2024/25, will turn 24 years old in a couple weeks. As our tracker shows, he will fill Detroit’s third and final two-way spot, joining Tolu Smith and Colby Jones.

Jenkins will earn $636,435 in 2025/26, half of the rookie minimum, if he remains under contract through the league-wide guarantee date in January. He is eligible to appear in up to 50 games for the Pistons.

Lakers’ Luka Doncic Signs Three-Year Max Extension

August 2nd, 2025 at 11:23am CST by Luke Adams

As expected, the Lakers and Luka Doncic have agreed to terms on a three-year, maximum-salary contract extension that includes a third-year player option, agent Bill Duffy tells Shams Charania of ESPN (Twitter link).

The deal will begin in 2026/27, replacing the player option on Doncic’s current contract. It will be worth roughly $160.8MM over three years based on the NBA’s most recent projection of a 7% cap increase next summer. The total value could reach $165.3MM if the cap ends up rising by the maximum allowable 10%.

Based on a 7% cap increase, the year-by-year breakdown would be as follows:

2025/26 (last year of current contract): $45,999,660
2026/27 (first year of extension): $49,641,600
2027/28: $53,612,928
2028/29 (player option): $57,584,256

Both the Lakers and Doncic have put out statements officially confirming the extension.

“I just signed my extension with the Lakers,” Doncic wrote (via Twitter). “Excited to keep working to bring championships to LA and make Laker Nation proud. Grateful to the Lakers, my teammates and all the fans who’ve shown so much love since day one. This is just the beginning.

“Today I’m also committing $5 million to help 77 young athletes around the world chase their dreams, just like I did,” he added in a follow-up tweet. “Basketball gave me everything, and I’m lucky to be able to give back and help the next generation.

“Today is a monumental moment for our franchise,” Lakers president of basketball operations Rob Pelinka said in the team’s statement. “Luka Doncic’s future is with the Los Angeles Lakers. Luka is one of the game’s most transcendent players, and his on-court dominance and passion is without compare.

“From the moment Luka become a Laker, there was an immediate connection and admiration between Luka and our fanbase. You can feel it in your spirit when you attend a Lakers game. Luka is an absolute killer on the court, and blends that with a unique generosity and care for the community. Above all else, Luka will lead our franchise to pursue future championships, a goal that will forever define the Lakers.”

As we outlined earlier today, now that six months have passed since Doncic was traded from Dallas to Los Angeles, he had become eligible to sign a maximum-salary extension that could cover up to four additional seasons beyond 2025/26.

However, a three-year agreement with a 2028/29 player option makes more financial sense for him in the long run, since it will allow him to start his next contract in 2028, once he has 10 years of NBA service and qualifies for a higher maximum salary (starting at 35% of the cap instead of 30%).

If Doncic waits until 2028 free agency to sign his next contract and re-ups with the Lakers at the time, he could get a five-year deal worth up to a whopping $417MM. That $417MM projection would hinge on the salary cap increasing by 10% in each of the next three years, but even with slower cap growth, the five-time All-Star will have an opportunity for a massive, record-setting payday.

The NBA’s Rookie of the Year in 2019 and a five-time All-NBA first-teamer from 2020-24, Doncic battled a calf issue last season that limited him to 50 games (22 for Dallas and 28 for L.A.). He still put up his usual superlative numbers when he was available, averaging 28.2 points, 8.2 rebounds, 7.7 assists, and 1.8 steals per game with a .450/.368/.782 shooting line, but he and the Lakers failed to advance beyond the first round of the playoffs after he made the NBA Finals with the Mavericks a year earlier.

Motivated by the early postseason exit and criticism that leaked out of Dallas following February’s blockbuster trade, Doncic has dedicated this offseason to improving his body and his conditioning. He made changes to his diet and workout regimen and looked noticeably slimmed down in a recent Men’s Health photo shoot, as we detailed earlier this week.

We’ll get a chance to see the new-look Doncic in action later this month. He’s set to rejoin the Slovenian national team ahead of this year’s EuroBasket tournament. The club will play a handful of exhibition games in the coming weeks before the event begins on August 27. Slovenia’s group-play schedule will begin with an Aug. 28 matchup against Poland.

As for the Lakers, even with Doncic’s new extension on their books, they’ll have significant cap flexibility going forward. Doncic is their only player who currently has a guaranteed salary beyond the 2026/27 season (Jarred Vanderbilt holds a ’27/28 player option, while three other players have team options on their contracts).

The extension makes Doncic ineligible to be traded for six months, though it’s safe to assume that wasn’t an option the Lakers were considering.

Mikal Bridges Signs Four-Year Extension With Knicks

August 1st, 2025 at 5:15pm CST by Earnest Marshall

August 1: The Knicks have made the extension official, per a team press release (via Twitter).

“His abilities on both sides of the court in every game made him a vital part of our team’s success last season,” team president Leon Rose said of Bridges. “We look forward to his continued growth and development as part of the Knicks family for years to come.”

July 31: The Knicks and forward Mikal Bridges have agreed to a four-year, $150MM contract extension, according to ESPN’s Shams Charania (Twitter link). The deal will include a player option for 2029/30 and a trade kicker.

As Charania notes in a follow-up tweet, Bridges is accepting a deal slightly lower than the max he could have received in an extension, which was $156.2MM. By taking a small discount, Bridges will help the Knicks maintain a little more roster flexibility moving forward. Teammate Jalen Brunson took a similar approach when extending last year.

Bridges was entering the last year of his current contract and would have become eligible for an additional year and a higher starting salary if he had reached free agency in 2026.

The Knicks acquired Bridges from the Nets in the summer of 2024 for a package that included five first-round picks, two of which became Ben Saraf and Nolan Traore last month. In his first season with the Knicks, Bridges averaged 17.6 points, 3.2 rebounds and 3.7 assists per game while appearing in all 82 regular season contests. He hasn’t missed a game in his career.

Bridges’ first season in New York was up and down — his 35.4% three-point percentage was his lowest mark since his rookie season. However, he helped the Knicks make the Eastern Conference Finals for the first time in 25 years and remains a key piece of the future.

Brunson, OG Anunoby and Bridges are all now under contract through at least ’27/28, while Karl-Anthony Towns and Josh Hart hold player options for that season.

Bridges will be ineligible to be traded for six months once the deal is officially finalized.

Raptors Sign Olivier Sarr To Exhibit 10 Deal

August 1st, 2025 at 4:18pm CST by Eli Cohen

The Raptors have signed free agent center Olivier Sarr, tweets Blake Murphy of Sportsnet.

According to Murphy (Twitter link), the contract is an Exhibit 1o deal, which will allow Sarr to compete for a roster spot in training camp and receive a bonus worth up to $85,300 if he’s waived and joins the Raptors’ G League team.

Sarr played for the Thunder for parts of three seasons from 2021-24, averaging 4.8 points and 3.5 rebounds in 13.8 minutes per game across 46 outings, before spending last season in the G League.

The Raptors recently extended Jakob Poeltl and signed Sandro Mamukelashvili to a minimum deal. They also drafted Collin Murray-Boyles this year and Jonathan Mogbo in 2024, both of whom can switch between center and forward spots. With two-way big man Ulrich Chomche also in the frontcourt mix, the 26-year-old Sarr is likely a long shot to earn a regular season roster spot.

Exhibit 10 contracts can be converted into two-way deals prior to the NBA regular season. If Sarr doesn’t get a two-way contract and is waived, he would have to spend at least 60 days with the Raptors 905 to earn his Exhibit 10 bonus.

Wolves Sign Enrique Freeman To Two-Way Contract

August 1st, 2025 at 4:18pm CST by Luke Adams

4:18 pm: The Timberwolves have made the Freeman signing official, according to a team press release.

9:12 am: The Timberwolves and free agent forward Enrique Freeman have agreed to terms on a two-way contract, agents Keith Kreiter and Sam Cipriano tell Shams Charania of ESPN (Twitter link).

Freeman, who turned 25 on Tuesday, was the 50th overall pick in the 2024 draft and appeared in 22 NBA games as a rookie for Indiana, averaging 2.1 points and 1.4 rebounds in 8.2 minutes per contest.

While Freeman’s impact at the NBA level was very limited, he played well in the G League, averaging 16.9 points, 9.8 rebounds, 2.9 assists, and 1.4 blocks per game in 14 outings for the Indiana Mad Ants last season. He also had a strong Summer League showing in Las Vegas this month, registering averages of 16.6 PPG, 9.6 RPG, 2.0 APG, and 1.8 BPG with an incredible 72.5% mark on field goal attempts, including 55.6% on three-pointers.

However, the Pacers had no two-way slots available for Freeman and pulled their qualifying offer to him last week, allowing him to reach unrestricted free agency. Now he has a new deal in place with the Timberwolves.

Second-year center Jesse Edwards and 2025 second-rounder Rocco Zikarsky currently occupy Minnesota’s two-way slots, so Freeman projects to fill the third and final opening.

The Timberwolves also still have a two-way qualifying offer on the table for 2024 second-rounder Tristen Newton — if they don’t rescind that QO (with Newton’s approval), the Wolves would have to waive one of their current two-way players should he accept it.

Pelicans Sign Jaden Springer

August 1st, 2025 at 2:47pm CST by Luke Adams

2:47 pm: Springer’s contract is a non-guaranteed Exhibit 9 deal, according to Michael Scotto of HoopsHype, who tweets that the guard will compete for a roster spot in training camp.

7:22 am: The Pelicans have signed free agent guard Jaden Springer, the team announced in a press release.

The No. 28 pick in the 2021 draft, Springer played a limited role in Philadelphia across two-and-a-half seasons before being sent to Boston at the 2024 trade deadline. He spent roughly a full calendar year with the Celtics, then was rerouted to Houston in a salary-dump deal in February 2025.

After being cut by Houston, Springer signed a 10-day deal with the Jazz in February and agreed to a two-year contract with the team in March following that initial 10-day audition. However, he was waived by Utah last week before his minimum salary for the 2025/26 season could become partially guaranteed.

Springer, who is known more for his perimeter defense than his offensive game, has career averages of 2.9 points and 1.4 rebounds in 8.8 minutes per contest across 110 regular season outings. He played a significant role at the G League level during his first two years with the 76ers, but has only made two appearances in the NBAGL since the start of the 2023/24 season.

Details of the Pelicans’ deal with Springer aren’t yet known — it’s a pretty safe bet that it will be a minimum-salary contract, but it’s unclear whether or not it will include guaranteed money.

For what it’s worth, New Orleans has 14 players on standard guaranteed contracts and has enough breathing room below the luxury tax line to carry a 15th man into the regular season, so there could be a path for Springer to make the team this fall. Because he has four years of NBA experience, he’s no longer eligible for a two-way deal.

Timberwolves Expected To Waive Jesse Edwards

August 1st, 2025 at 11:27am CST by Luke Adams

After reaching an agreement to sign forward Enrique Freeman to a two-way contract, the Timberwolves are expected to waive center Jesse Edwards from his own two-way deal, per Jon Krawczynski of The Athletic (Twitter link).

The Wolves don’t need to cut Edwards in order to make room on the roster for Freeman, so it’s not clear if the move will happen right away or later in the offseason. But after Minnesota added a pair of rookie big men in Joan Beringer and Rocco Zikarsky in this year’s draft, Edwards no longer appears to be in the team’s plans going forward, as Krawczynski explains.

Waiving Edwards would also create a two-way opening for Tristen Newton, a 2024 second-round pick who still has a qualifying offer on the table from the Wolves. Zikarsky and Freeman will occupy the club’s other two-way slots.

A Dutch-born seven-footer who played his college ball at Syracuse and West Virginia, Edwards joined the Timberwolves on a two-way deal last July after going undrafted. The 25-year-old appeared in just two NBA games, but played a major role for the Iowa Wolves in the G League, averaging 11.9 points, 7.6 rebounds, and 1.9 blocks in 25.1 minutes per game across 34 total outings.

Edwards was tendered a two-way qualifying offer in June and accepted it almost immediately. By signing that QO, he secured a partial guarantee worth $85,300, which won’t count against Minnesota’s cap.

Nets, Ricky Council Agree To One-Year Deal

August 1st, 2025 at 9:48am CST by Luke Adams

After being waived last week by the Sixers, Ricky Council IV is heading to another Atlantic team, according to Shams Charania of ESPN (Twitter link), who hears from agent Adie von Gontard that the free agent swingman has a one-year agreement in place with the Nets.

An undrafted free agent out of Arkansas in 2023, Council spent his first two professional seasons with the Sixers, appearing in 105 games during that time, including a team-high 73 in 2024/25.

While the 6’6″ wing showed promise as a rookie, his production dropped off as he took an increased role in his second year. Council averaged 7.3 points, 2.9 rebounds, and 1.3 assists in 17.1 minutes per game last season, with an underwhelming shooting line of just .382/.258/.804.

The rebuilding Nets are in a better position to take a shot on Council, who will turn 24 on Sunday, than the win-now Sixers, who leaned on him so heavily last season due in large part to a series of injuries affecting starters and rotation players.

While the details of Council’s contract agreement aren’t yet known, it figures to be a minimum-salary deal, so it could be completed later in the offseason without cutting into Brooklyn’s cap room. I also wouldn’t expect it to be guaranteed, though that hasn’t been confirmed.