NBA free agency is well underway, and while most of the big names are now off the board, there are still several dominoes left to fall, with Damian Lillard, Chris Paul, Jonathan Kuminga, Quentin Grimes and more still undecided for next season. (Check out Yahoo Sports' NBA free agent big board here.)
The action continued Thursday, as the Oklahoma City Thunder reportedly signed Jalen Williams to a max extension that could wind up being worth $287 million. The move ensures the team will keep its young core together after winning its first championship. In addition to Williams, the Thunder have also signed Shai Gilgeous-Alexander and Chet Holgrem to massive, new deals this offseason.
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When free agency opened June 30, the NBA had officially set its salary cap at $154.647 million for the 2025-26 season. That's up 10% from last season, which was the expected jump.
Jaren Jackson Jr. and the Grizzlies agreed on a five-year, $240 million max extension, and the Nuggets traded Michael Porter Jr. to the Nets in exchange for Cam Johnson. Dorian Finney-Smith agreed to a deal with the Rockets, Ty Jerome and the Grizzlies agreed on a three-year contract and the Mavericks struck a two-year deal with point guard D’Angelo Russell.
Elsewhere, LeBron James picked up his $52.6 million option for the 2025-26 season, stating his hopes of competing for a championship while the Lakers build for the future. James Harden will also stick in Los Angeles, signing a new deal with the Clippers. Julius Randle will also remain in Minnesota.
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All this comes after the Phoenix Suns traded superstar Kevin Durant to the Houston Rockets for Jalen Green, Dillon Brooks and the 10th pick (Khaman Maluach) in the 2025 NBA Draft. The Boston Celtics also began a refresh by trading Jrue Holiday to the Portland Trailblazers and Kristaps Porziņģis to the Atlanta Hawks.
Find all of this year's free agency deals here.
Free-agent position rankings: Point guards | Shooting guards | Small Forwards | Power forwards | Centers
Follow along with Yahoo Sports for live updates, highlights and more as 2025-26 NBA free agency heats up:
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