Norman Powell To Heat, John Collins To Clippers In Three-Team Trade
4:21 pm: The three-team trade is official, according to a press release from the Jazz.
9:27 am: The Clippers, Jazz and Heat have reached an agreement on a three-team trade, sources tell Shams Charania of ESPN (Twitter link). The deal will send Norman Powell to Miami, John Collins to L.A. and Kevin Love, Kyle Anderson and a 2027 Clippers second-round pick to Utah.
Powell is coming off the best scoring season of his career and will bring more offensive punch to Miami’s backcourt. After finishing fourth in the Sixth Man of the Year balloting in consecutive seasons, Powell was moved into the starting lineup and responded by averaging 21.8 points per game while shooting 48.4% from the field and 41.8% from three-point range.
Powell, 32, will make $20.5MM next season before becoming a free agent in 2026. He’s eligible for a three-year extension worth $77.4MM. Those limits would increase to $128.5MM over four years in six months.
The Clippers were reluctant to give Powell a long-term extension, sources tell Michael Scotto of HoopsHype (Twitter link). With Kawhi Leonard and James Harden both signed through 2026/27, the team is preserving cap space for 2027 free agency.
Miami will use the expanded traded player exception to acquire Powell, Bobby Marks of ESPN notes (Twitter link), hard-capping them at the first tax apron, and will be $1.3MM over the luxury tax line once the deal is complete.
Miami will be just $3.9MM away from that first-apron threshold once the trade is complete, so it won’t be able to use the full taxpayer mid-level exception of $5.7MM, according to cap expert Yossi Gozlan (Twitter link), who also speculates that acquiring Powell means the team is probably no longer a logical fit for Bradley Beal, who is believed to be nearing a buyout with Phoenix.
Collins, 27, will bring more frontcourt depth to a Clippers team that recently added Brook Lopez in free agency. Collins has been a starter in Utah since being acquired from Atlanta two years ago, but he was limited to 40 games last season. He has one year left on his contract at $26.6MM and can sign an extension worth up to $100.5MM over three years, per Marks. While a massive payday is unlikely for Collins, it’s worth noting those extension limits would increase six months after the trade to $166.7MM over four years.
L.A. is now $6.7MM below the first apron with $5.3MM of its mid-level exception remaining, according to Gozlan (Twitter link). With their top three-point shooter now gone, Gozlan expects the Clippers to be in the market for Beal.
Anderson, 31, has been a useful contributor on contending teams throughout his career, but it’s not clear how he fits in with the rebuilding Jazz. His contract covers two more seasons at $9.2MM and $9.7MM, but 2026/27 is non-guaranteed. Love, who’ll turn 37 in September, has a $4.15MM expiring deal and will likely become a buyout candidate.
Gozlan notes that Utah can create a $26.6MM trade exception by using the mid-level exception to take on Anderson and Love (Twitter link). Alternatively, the Jazz could create roughly $22MM in cap space by waiving the non-guaranteed contracts of KJ Martin ($8MM) and Jaden Springer ($2.4MM) and could be in position to make a play for one of the remaining free agents.
It sounds like Utah will continue operating over the cap, going the trade exception route, tweets Marks.
Timberwolves Sign Joan Beringer To Rookie Deal
The Timberwolves have officially signed first-round pick Joan Beringer to his rookie scale contract, according to a press release from the team.
One of the top international players in this year’s draft class, Beringer played this past season for Cedevita Olimpija in Slovenia, where he averaged 4.9 points, 4.1 rebounds, and 1.5 blocks in 18.3 minutes per game in 30 outings in the ABA League.
The young Frenchman, who will turn 19 in November, has only played basketball for four years and is still learning the game, notes ESPN’s Jonathan Givony, who adds that Beringer possesses “outstanding” physical tools, including the coveted combination of defensive mobility and rim-protecting ability.
Timberwolves general manger Matt Lloyd told reporters after June’s draft that several team officials became convinced that Beringer was a perfect fit for the franchise after watching him work out and meeting with him in Chicago during the pre-draft process. Minnesota just wasn’t sure if he would still be available at No. 17 overall.
“Joan is one of those rare cases where the best player available also had a fit,” Lloyd said. “And we were sweating it. … It was a long night of waiting.”
As our breakdown of rookie scale salaries shows, assuming Beringer assumes the maximum allowable 120% of the rookie scale, which is likely, his deal will be worth about $20.3MM over four years, including $4.2MM in year one. The first two seasons are guaranteed, followed by team options in years three and four.
Suns Sign Khaman Maluach, Rasheer Fleming, Koby Brea
The Suns have officially signed all three of their 2025 draft picks, according to NBA.com’s transaction log. That trio consists of No. 10 overall pick Khaman Maluach, No. 31 pick Rasheer Fleming, and No. 41 selection Koby Brea.
That No. 10 pick was one of the primary assets the Suns received from Houston in their blockbuster Kevin Durant deal. While Maluach was widely expected to come off the board in the top eight picks on June 24, he slipped to No. 10, giving Phoenix an opportunity to nab its potential center of the future.
Maluach averaged 8.6 points, 6.6 rebounds, and 1.3 blocks in 21.2 minutes per contest during his first and only college season at Duke. While his box-score numbers don’t jump off the page, the 18-year-old has an impressive frame (a height of 7’1″ and a wingspan of 7’7″), is one of the youngest players in this year’s draft class, and has the potential to excel in the NBA as a defensive anchor and a rim-runner and lob threat on offense.
Maluach’s rookie scale deal is expected to pay him roughly $6MM in his rookie season and a total of $27.4MM across his first four years in the NBA, as our breakdown of this year’s rookie scale shows.
There was a minor bidding war for Fleming ahead of day two of this year’s draft, with teams vying to move up to No. 31 to select the former Saint Joseph’s forward. Phoenix won that bidding war by sending Minnesota the No. 36 pick and a pair of future second-rounders.
Fleming is coming off an impressive junior season in which he averaged 14.7 points, 8.5 rebounds, 1.4 steals and 1.5 blocks per game in 35 appearances (31.1 minutes), with a shooting line of .531/.390/.743. According to Michael Scotto of HoopsHype (Twitter link), he signed a four-year, $8.7MM deal using the second-round pick exception and got three fully guaranteed years, with a fourth-year team option.
As for Brea, Phoenix drafted him after trading up to No. 41 using the 52nd and 59th overall picks in a deal with the Warriors. The 6’7″ wing, who played four seasons at Dayton before spending his fifth and final college season with Kentucky, is an excellent shooter, having made 317-of-730 (43.4%) three-pointers during his NCAA career.
Brea signed a two-way contract.
Blazers, Celtics Finalize Holiday, Simons Trade Without Draft Picks
The Trail Blazers and Celtics have officially completed their trade sending Jrue Holiday to Portland and Anfernee Simons to Boston, according to a press release from the Blazers.
However, the terms are slightly different than what was reported last month. Portland had originally agreed to send the Knicks’ 2030 second-round pick and the Blazers’ own 2031 second-rounder to Boston, but those draft assets are no longer in the deal, which is now a straight one-for-one player swap.
Aaron Fentress of The Oregonian hears from a source that a review of Holiday’s medicals prompted the Blazers to alter the initial terms of the agreement.
There wasn’t enough concern on Portland’s end to nix the deal entirely, Fentress explains, adding that the veteran guard is considered healthy and is working out this summer in preparation for training camp in the fall.
As a result of taking back more salary than they’re sending out in the trade, the Trail Blazers are now hard-capped at the first tax apron for the rest of the 2025/26 league year.
The Celtics, meanwhile, have officially completed both of their major offseason trades on Monday, having also finalized the three-team deal sending Kristaps Porzingis to Atlanta.
You can read more about the Holiday/Simons swap in our original report on the deal.
Pelicans Sign Micah Peavy
11:23am: Peavy’s new contract is worth $8.7MM over four years, sources tell Michael Scotto of HoopsHype (Twitter link). It includes two fully guaranteed years, a trigger date for the third season and a fourth-year team option.
10:55am: Second-round pick Micah Peavy has signed with the Pelicans, the team announced in a press release.
The 23-year-old shooting guard was selected by Washington with the 40th overall pick and was part of a trade that couldn’t become official until the moratorium was lifted on Sunday. Terms of his new contract were not announced.
Peavy was an All-Big East selection at Georgetown last season, averaging 17.2 points, 5.8 rebounds, 3.6 assists and 2.3 steals in 32 games. He played at Texas Tech as a freshman, then spent three years at Texas Christian before joining the Hoyas.
Throughout his five years in college, Peavy averaged 9.5 points, 5.8 rebounds, 2.0 assists and 1.2 steals in 159 total games.
New Orleans signed lottery picks Jeremiah Fears and Derik Queen on Saturday, so all three additions from this year’s draft are now under contract.
Lakers Sign Adou Thiero To Three-Year Contract
The Lakers have signed Adou Thiero to a standard contract, the team confirmed today. in a press release.
According to Michael Scotto of HoopsHype (Twitter link), it’s a three-year, $5.95MM deal for Thiero, which means he received the rookie minimum. The deal, signed using the second-round pick exception, is fully guaranteed for two seasons, with a third-year team option.
Thiero was the 36th pick in the 2025 draft and was selected by the Lakers after they traded the 45th pick and cash to the Timberwolves to move up. That agreement was incorporated into the massive seven-team trade that sent Kevin Durant from the Suns to the Rockets.
Thiero spent one year with Arkansas after playing his first two seasons with Kentucky. He averaged 15.1 points and 5.8 rebounds per game with the Razorbacks while proving himself to be a high-level, versatile wing defender and an elite athlete. The perimeter jumper is a work in progress, as Thiero holds a career three-point percentage of 28.4%, but he provides the Lakers with some needed defensive depth on the wing in the wake of Dorian Finney-Smith‘s exit.
Thiero will not play with the Lakers during Summer League as he continues his recovery from a knee injury he suffered during the college season, according to Khobi Price of the Orange County Register.
Ryan Rollins Returns To Bucks On Three-Year Deal
July 8: The Bucks’ deal with Rollins is now official, per a press release.
July 6: Free agent guard Ryan Rollins is returning to the Bucks, according to Shams Charania of ESPN (Twitter link), who reports that the two sides have agreed to a three-year deal worth $12MM. The agreement will include a third-year player option, Charania adds.
The 44th overall pick in the 2022 draft, Rollins had only appeared in 25 NBA regular season games across two seasons with Golden State, Washington, and Milwaukee entering the 2024/25 season. However, after opening the year on a two-way contract with the Bucks, he emerged as a reliable part of the rotation and earned a promotion to the standard roster in March.
In 56 games (19 starts) last season for Milwaukee, Rollins averaged 6.2 points, 1.9 assists, and 1.9 rebounds in 14.6 minutes per game, along with a shooting line of .487/.408/.800. He played significant minutes during the season’s final weeks while Damian Lillard was sidelined due to a blood clot in his calf.
Milwaukee initially tendered Rollins a qualifying offer to make him a restricted free agent before withdrawing it early in the week, making him unrestricted. Even after rescinding that QO, the Bucks were able to hang onto the 23-year-old’s Early Bird rights, which will allow them to go over the cap to re-sign him after they use up all their room.
While the 2025/26 Bucks will be without Lillard – who tore his Achilles in April and is being waived to create cap room to sign Myles Turner – they’ve now struck deals to bring back both of their free agent point guards, Rollins and Kevin Porter Jr.
Rollins is the sixth of the Bucks’ own free agents that has reached an agreement to re-sign with the club, joining Porter, Bobby Portis, Taurean Prince, Gary Trent Jr., and Jericho Sims.
Bulls Sign Caleb Grill, Wooga Poplar To Exhibit 10 Deals
July 6: Both Grill and Poplar have officially signed their Exhibit 10 contracts with the Bulls, according to RealGM’s NBA transaction log.
June 27: Free agent guard Caleb Grill, who went undrafted yesterday, has agreed to sign an Exhibit 10 contract with the Bulls, according to Taylor Eldridge of The Wichita Eagle (Twitter link).
Another undrafted free agent, guard Wooga Poplar, will sign an Exhibit 10 deal with Chicago as well, reports Jon Chepkevich of Draft Express (Twitter link).
At 25, Grill was the oldest player ranked on Sam Vecenie of The Athletic‘s big board, coming in at No. 93. ESPN was higher on the Kansas native, ranking him No. 67 and 15th among players who went undrafted.
Grill, who also played for Iowa State and UNLV before finishing out his college career with Missouri, had a productive season in 2024/25 for the Tigers, winning the SEC’s Sixth Man of the Year award after posting 13.7 points, 3.6 rebounds and 1.7 steals in 26.2 minutes per contest, with an excellent shooting line of .472/.396/.864.
Poplar, who spent three years at Miami (FL) before transferring to Villanova for the 2024/25 campaign, is also coming off a strong season in which he averaged 15.3 PPG, 7.0 RPG and 1.3 SPG on .460/.387/.856 shooting in 36 appearances for the Wildcats (31.9 MPG). He was not ranked on ESPN’s or The Athletic’s board.
An Exhibit 10 is a non-guaranteed training camp contract and is typically designed to ensure players can receive a bonus worth up to $85K if they’re waived before the season begins and spend at least 60 days with the club’s NBA G League affiliate — in this case the Windy City Bulls. Exhibit 10 contracts can also be converted into two-way deals.
Jamir Watkins Signs Two-Way Deal With Wizards
Jamir Watkins has signed a two-way contract with the Wizards, per NBA.com’s transaction log.
Watkins was drafted 43rd overall by the Jazz last month as part of a deal that sent him to Washington along with Will Riley and two future second-round picks in exchange for the ability for the Jazz to draft Walter Clayton Jr.
Watkins played two years at VCU before transferring to Florida State for his final two seasons. In his time with the Seminoles, Watkins averaged 17.0 points, 5.9 rebounds, 2.6 assists, 1.6 steals per game and shot 33% from three.
Between his defensive production in college and his size at 6’6″ with a 6’11” wingspan, Watkins has the chance to be an impactful defender with enough scoring and ball-handling to offer interesting upside on a two-way deal.
The Wizards had previously announced the signings of No. 6 overall pick Tre Johnson and No. 21 overall pick Riley. Now all three of the team’s draft-day selections are officially under contract for next season.
As for the team’s two-way slots, Watkins and Jaylen Martin occupy two of them, with a two-way qualifying offer still on the table for Tristan Vukcevic.
Suns Waive Daeqwon Plowden
The Suns have waived Daeqwon Plowden, according to NBA.com’s transaction log.
Plowden came to Phoenix in the record-setting seven-team deal headlined by Kevin Durant being sent to the Rockets. Prior to that, the 26-year-old shooting guard played six games for the Hawks last year, mostly in the final days of the 2024/25 season, averaging 7.2 points and 1.8 rebounds while shooting 52.9% from three.
The Hawks, who also sent Clint Capela to the Rockets in a sign-and-trade, received David Roddy, a second-round pick swap in 2031, and cash from the Rockets as part of the massive deal.
Plowden will hit unrestricted free agency upon clearing waivers on Tuesday, unless someone claims him.
The Suns now have a pair of open two-way slots next to undrafted rookie CJ Huntley.