NBA Basketball 24 Hours

Last updated: August 22, 2026, 2:46 AM ET

Player Transactions and Team Ownership

Six-time NBA All-Star DeMar DeRozan has agreed to a one-year, $3.9 million deal with the Denver Nuggets. In another significant move, Klay Thompson plans to sign with the Miami Heat for two years and nearly $13 million after his contract buyout from the Mavericks. American businessman Glen Taylor has purchased a controlling interest in the Minnesota Timberwolves and the WNBA's Minnesota Lynx. A five-team trade has sent Peyton Watson to the Cleveland Cavaliers and Max Strus to the Los Angeles Clippers, with Watson set to sign a new four-year, $88 million deal.

Contract Extensions and Team Futures

James Harden has agreed to a three-year, $97 million contract extension to remain with the Cleveland Cavaliers. Meanwhile, one of the Lakers' minority owners, Dr. Patrick Soon-Shiong, has stated he will not sell his 4% stake in the team. The Denver Nuggets are to the upcoming season, with questions surrounding whether Nikola Jokic has sufficient support for another championship run after resolving key offseason business.

League News and Future Prospects

A former assistant athletic trainer for the Sacramento Kings has filed a lawsuit alleging pregnancy discrimination and sexual harassment. In player news, nine-time All-Star and former MVP Russell Westbrook announced his retirement after an 18-season career, having hinted at his decision during training camp. Looking further ahead, draft analyst Jonathan Givony has identified early prospects to watch for the 2027 and 2028 NBA drafts after a summer of scouting.