NBA free agency for the 2025 season is in full swing, with many notable names already off the board. However, several key players, including Damian Lillard, Chris Paul, and Jonathan Kuminga, are still unsigned, leaving plenty of excitement for what’s to come. One of the biggest headlines so far is Devin Booker’s record-setting extension with the Phoenix Suns, which has set a new salary benchmark. Booker’s new deal is a significant move for both him and the Suns, showing their commitment to building a competitive future together.
Meanwhile, the Oklahoma City Thunder made a splash by signing standout center Chet Holmgren to a five-year max contract worth up to $250 million. This deal bolsters the Thunder’s roster as they aim to continue their rise in the Western Conference.
Another major story is Nikola Jokić, the three-time MVP, who reportedly declined to sign a contract extension with the Denver Nuggets, choosing instead to wait until next summer, potentially securing an additional $80 million.
As free agency continues, the NBA has set its salary cap for the 2025-26 season at $154.647 million, marking a 10% increase from last year. In addition to the notable extensions, several trades have also taken place. Jaren Jackson Jr. agreed to a five-year, $240 million extension with the Memphis Grizzlies, while Michael Porter Jr. was traded from the Nuggets to the Brooklyn Nets in exchange for Cam Johnson. Other moves included Dorian Finney-Smith joining the Rockets and the Mavericks signing point guard D’Angelo Russell to a two-year deal.
LeBron James made headlines by picking up his $52.6 million player option, signaling his intent to compete for another championship with the Lakers. James Harden and Julius Randle also made moves, with Harden staying in Los Angeles with the Clippers, while Randle remains with Minnesota.
The Phoenix Suns also made waves by trading superstar Kevin Durant to the Houston Rockets for Jalen Green, Dillon Brooks, and the 10th pick in the 2025 NBA Draft, signaling a fresh start for the franchise. With these big moves, NBA free agency is set to continue shaping the landscape for the upcoming season.
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