The Brooklyn Nets have tendered Cam Thomas his one-year, $5.99 million contract offer for 2025-26, per HoopsHype's Michael Scotto. He'll become a restricted free agent. The Philadelphia 76ers declined the $2.9 million team contract option on guard Lonnie Walker IV, according to Shams Charania of ESPN.

Warriors legend Kevon Looney is leaving the only team he’s ever known, after a decade and three rings. Looney is signing a two-year, $16 million deal with the New Orleans Pelicans, per Shams Charania. It’s unclear if that’s more money than the Warriors were willing to offer, if he was chasing an opportunity with more playing time, or both.

Perhaps no team in the NBA will have a more quiet free agency period than the reigning champion Oklahoma City Thunder.

The NBA announced that the salary cap has been set at $154.647 million for the 2025-26 season, while the tax level is $187.895 million. The first apron level is set at $195.945 million, and the second apron level is $207.824 million. The salary cap and tax level went into effect at 12:01 a.m. ET on Tuesday.

It feels like only yesterday that the Oklahoma City Thunder were crowned 2025 NBA champions, but the offseason flurry already has the basketball world moving on to next year. The 2025 NBA Draft has come and gone with instant grades,

The NBA offseason is in full swing with free agency taking over the week. Check here for all the latest signings, rumors and more.

Midnight: As of midnight, the Heat has not yet made any roster moves since the 6 p.m. start of free agency. The Heat’s roster is still at 14 players on standard contracts — one player short of the league-wide 15-man limit for the regular season.

The NBA free agency period is live as players and teams negotiate deals! Here’s a look at all of the reported and official free-agent deals, extensions and trades for all 30 teams so far.

In a somewhat surprising move, the Jazz waived Johnny Juzang hours before the start of free agency, according to Shams Charania of ESPN. After a career-best 8.9 points per game in 2024-25, Juzang now hits the open market.

NBA free agency is underway, and after more than 10 days, some notable names remain available. Restricted free agency has been slow to develop this summer. The Brooklyn Nets were