
Brian WindhorstJun 21, 2025, 07:41 AM ET
- ESPN.com NBA writer since 2010
- Covered Cleveland Cavs for 7 years
- Author of 2 books
The NBA transaction play has officially arrived, kicked disconnected with the Orlando Magic acquiring their archetypal subordinate successful a commercialized successful much than 5 years erstwhile they landed Desmond Bane this week. The intrigue created by this opening commercialized volition lone summation until the commencement of escaped agency, 6 p.m. ET connected June 30.
But it's rather imaginable astir of the impactful moves volition hap earlier past -- during oregon soon aft the draught connected June 25-26. There isn't overmuch headdress abstraction retired determination -- there's a logjam that is expected to wide by summertime 2026 -- and the escaped cause people is shallow connected prima players.
Here are 5 of the biggest storylines -- and 12 interaction players -- that volition signifier the 2025 offseason.
MORE: Latest buzz, trades, signings | Grades | Offseason guides
Will Giannis enactment settled successful Milwaukee?
The imaginable frenzy that could've surrounded Giannis Antetokounmpo astir the draught has been muted.
The Bucks are, for the moment, committed to staying the people and trying to conception a competitory squad for adjacent play with the anticipation Damian Lillard tin instrumentality by the postseason.
Antetokounmpo, for his part, near the state for his offseason without showing his hand, which has created a spot of an uneasy stalemate betwixt the franchise superstar and his team.
In the meantime, the Bucks person a fistful of escaped agents to woody with, including halfway Brook Lopez and cardinal reserve Bobby Portis, if helium opts retired of his contract.
There would beryllium involvement successful Lopez and Portis elsewhere connected the market, but the Bucks, with afloat Bird Rights for both, are successful a beardown presumption to support some if they prioritize it. And Milwaukee seems acceptable to, believing Antetokounmpo volition remain.
Either way, imaginable suitors for Antetokounmpo, who ESPN's Shams Charania reports remains undecided astir his future, are near to determine whether to hedge, keeping their pulverization adust successful the lawsuit Antetokounmpo decides to petition a commercialized aboriginal successful the summer.
There's surely precedent for that. Over the years, a fistful of blockbusters happened good aft the draught and escaped agency, including landscape-shifting deals involving Kawhi Leonard, Donovan Mitchell, Kyrie Irving, Lillard, Karl-Anthony Towns and Dwight Howard, conscionable to sanction a few.
But determination is besides the hazard of waiting for a derby that whitethorn ne'er get retired of the starting blocks.
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The analyzable Kevin Durant triangle
When Brian Gregory had his introductory quality league arsenic the Phoenix Suns' wide manager past month, helium utilized immoderate mentation of the connection "alignment" 23 times arsenic helium stressed his plans to beryllium successful fastener measurement with ownership and his coach.
Aligning with Durant, though, mightiness beryllium to not beryllium specified a priority.
There are 3 angles the parties are considering successful the commercialized discussions.
It indispensable beryllium a woody the Suns really privation to do, nary tiny feat for an outrageously costly squad mired successful a web of complicated, punitive second-apron commercialized rules.
It indispensable beryllium a destination Durant wants. And, lastly, there's the question of whether he'll motion an hold -- helium is eligible for an further 2 years and $120M. If he's dealt to a squad that isn't connected his database -- which reportedly includes Miami, Houston and San Antonio -- volition helium beryllium consenting to sign?
If helium won't perpetrate to staying agelong word successful a spot like, for example, Minnesota, would the Wolves beryllium consenting to commercialized for him anyway?
The scope and spot of offers alteration importantly depending connected whether there's certainty of Durant extending. That could impact however motivated the Suns are to commercialized him earlier the draft.
While it was their program and their penchant to bash so, it's not needfully a crushed to judge a woody they aren't thrilled with.
So if this triangle doesn't gaffe into that desired alignment and nary 1 folds, would Phoenix conscionable instrumentality him disconnected the commercialized market?
Will stars opt out? Will their teams effort to bargain?
LeBron James has a $53 cardinal subordinate enactment with a coveted no-trade clause. James Harden has a $36 cardinal subordinate enactment and is coming disconnected an All-Star season. Kyrie Irving mightiness miss the bulk of adjacent play recovering from a torn ACL. He has a subordinate enactment for $43 million. Julius Randle has a $31 cardinal subordinate enactment and conscionable had a beardown playoff tally for the Wolves.
A twelvemonth oregon 2 agone it would person been mostly assumed these players would automatically opt out, adjacent a prima similar Irving, who is dealing with a large injury.
But with (some) teams being much judicious arsenic they navigate that apron world, those decisions are acold little certain.
With a dearth of headdress abstraction this summer, it becomes a crippled of whether teams privation to negociate against themselves.
James, Harden and Irving apt aren't going anywhere, and Randle, depending connected what happens with Durant, mightiness find his champion connection ends up being successful Minnesota arsenic well.
But their teams cognize this and could play hardball, which could pb to immoderate players, including those not connected this list, conscionable opting successful and being connected one-year contracts.
That's a concern Durant could besides find himself in, depending connected however his concern plays out.
The fallacy of 15 Western Conference teams competing for the playoffs
When the Utah Jazz precocious named Austin Ainge their caller squad president helium was asked -- aft 3 years of varying degrees of tanking that included a $100,000 good past play for violating the NBA's subordinate information argumentation regarding sidelining Lauri Markkanen -- whether the squad would beryllium tanking again, helium responded simply: "You won't spot that this year."
Well, that does it.
The Portland Trail Blazers finished the play 23-18 aft starting 13-28, getting manager Chauncey Billups and wide manager Joe Cronin declaration extensions. The New Orleans Pelicans had players miss a corporate 208 games, and the San Antonio Spurs had players miss a combined 385, leaving them expecting/hoping to person bounce-back seasons adjacent year.
So if the Jazz, too, are "in" for adjacent play -- arsenic overmuch arsenic they tin beryllium with their existent roster -- that means each 15 Western Conference teams are theoretically "trying" to triumph successful 2025-26.
This is preposterous and not based successful reality.
The Memphis Grizzlies look to cognize this, arsenic they are the archetypal squad successful the West to measure the scenery and go a first-moving trader. They got a large haul for sending Desmond Bane to the Orlando Magic, chiefly for draught picks.
Are each these West teams truly going to beryllium acquiring/holding? No way. Will different team(s) articulation the Grizzlies successful making a commercialized to unload talent?
Very likely.
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Free bureau arsenic 'extension-agency'
With the changes to the corporate bargaining agreement, positive a deficiency of wage headdress abstraction and big-name escaped agents, the play this summertime could mostly beryllium whether players widen their contracts with their teams. If they do, great. If they don't, well, rumors astir their futures volition increase.
Here are immoderate players who tin motion immense caller contracts this summertime (or won't):
Luka Dončić, Lakers: On Aug. 2, helium tin adhd 4 years and $229 cardinal to his deal. But helium could (and it mightiness financially beryllium smarter to) besides motion for $165 cardinal implicit 3 years with a accidental to opt retired successful 2028.
Nikola Jokic, Nuggets: For the past decade, Jokic has been a imagination megastar -- nary stress, each production, MVP, champion. He has 3 years left, truthful there's nary existent request to widen now, but helium could adhd 2 years. Though the past 2 seasons person ended without a instrumentality to the Finals and the Nuggets person fto rather a spot of endowment spell retired the door, helium hasn't fixed immoderate denotation that he's not satisfied with the team. So nary crushed not to motion for much years, right?
De'Aaron Fox, Spurs: On Aug. 3, Fox tin motion for 4 years and $229 cardinal and, aft trading 3 first-round picks for him this past February, expect the Spurs to bash so.
Devin Booker, Suns: The four-time All-Star tin adhd 2 years and $150 cardinal (not a typo, that's $75 cardinal per season) aft July 6, and each signs constituent toward it happening. Doing truthful gets him nether declaration successful Phoenix done 2030.
Trae Young, Hawks: He tin motion for up to 4 years and $229 million, but aft 4 consecutive years successful the play-in tournament, and with a caller beforehand office, it's not definite the Hawks volition connection it.
Karl-Anthony Towns, Knicks: Towns had a large archetypal twelvemonth successful New York, but has 3 years near connected his deal. This isn't a referendum, but helium could opt retired of the past twelvemonth and adhd a caller 3 years and $212 cardinal to person him nether declaration for the adjacent five.
Ja Morant, Grizzlies: The 25-year-old defender has 3 years near connected his deal, and could adhd 2 more. But helium has besides averaged conscionable 44 games a play implicit the past 4 years due to the fact that of wounded and suspension, and the Grizzlies person routinely underachieved with him arsenic the franchise face.
Jaren Jackson Jr., Grizzlies: Memphis tin usage its headdress abstraction to renegotiate and widen Jackson -- and the squad is trying to bash conscionable that. He has 1 twelvemonth near connected a team-friendly woody astatine $23 million.
Tyler Herro, Heat: Coming disconnected his champion season, successful October helium tin motion for up to $150 cardinal implicit 3 years. Herro mightiness not rather conscionable the criteria for getting that size of a contract, depending connected whom you ask, and there's a accidental the Heat volition look to get him into thing worthy less. He's got 1 twelvemonth near connected his woody and if there's nary caller contract, he'll spot his sanction successful commercialized rumors.
Kristaps Porzingis, Celtics: Going into the past twelvemonth of his contract, and making $30.7 million, helium is successful presumption for a caller contract. But the Celtics are already precise costly and facing an uncertain aboriginal with caller ownership coming, and Porzingis' wounded past could complicate coming to an agreeable number.

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