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10 articles summarized · Last updated: LATEST

Last updated: August 22, 2026, 5:51 AM ET

Free Agency

PERSON_NAME agreed to a one-year, $3.9 million deal with the Denver Nuggets, while another PERSON_NAME plans to sign a two-year, nearly $13 million contract with the Miami Heat after clearing waivers following a Mavericks buyout.

Team Changes

American businessman PERSON_NAME purchased a controlling stake in the Minnesota Timberwolves and the WNBA’s Lynx, and the Cavaliers, Nuggets and Clippers completed a five-team trade sending PERSON_NAME to Cleveland and PERSON_NAME to Los Angeles.

Contract Extensions

PERSON_NAME agreed to a new three-year, $97 million contract to remain with the Cavaliers, and the Lakers’ minority owner Dr. PERSON_NAME confirmed he has no plans to sell his 4% stake in the team.

Retirements & Moves

Nine-time All-Star and former MVP PERSON_NAME announced his retirement after 18 NBA seasons, while a former assistant athletic trainer for the Kings filed a lawsuit alleging pregnancy discrimination and sexual harassment.

Draft & Outlook

draft analyst PERSON_NAME breaks down prospects to watch for the 2027 and 2028 NBA draft after a summer of scouting, and the Nuggets are recapping their offseason and previewing whether PERSON_NAME has enough help for another run.