NBA Basketball 24 Hours

Last updated: August 22, 2026, 8:51 AM ET

Player Transactions and Signings

Six-time NBA All-Star DeMar DeRozan has agreed to a one-year, $3.9 million deal with the Denver Nuggets. In other free agency news, Klay Thompson plans to sign a two-year contract worth nearly $13 million with the Miami Heat after his buyout from the Mavericks. Russell Westbrook, the nine-time All-Star and former MVP, announced his retirement after an 18-season career.

Team Ownership and Trades

American businessman Glen Taylor has purchased a controlling interest in the Minnesota Timberwolves and the Minnesota Lynx. A significant five-team trade has also been finalized, sending Peyton Watson to the Cleveland Cavaliers and Max Strus to the Los Angeles Clippers. In a separate deal, Donovan Mitchell has agreed to a new three-year, $97 million contract extension to remain with the Cavaliers.

Team Investments and Legal Matters

Dr. Patrick Soon-Shiong, a minority owner of the Los Angeles Lakers, has stated he has no intention of selling his 4% stake in the team. Meanwhile, a former assistant athletic trainer for the Sacramento Kings has filed a lawsuit against the organization, alleging pregnancy discrimination and sexual harassment.

NBA Draft Outlook

As the NBA season approaches, draft analyst Jonathan Givony has provided an early look at potential prospects for the 2027 and 2028 NBA drafts following a summer of scouting.