NBA Basketball 24 Hours

Last updated: August 23, 2026, 2:48 AM ET

League & Ownership

American businessman Marc Lore has completed his purchase of a controlling interest in the Minnesota Timberwolves and Lynx. Meanwhile, Dr. Patrick Soon-Shiong confirmed through his attorney that he has no plans to sell his 4% stake in the Lakers, ending speculation about a potential ownership change in Los Angeles.

Roster Moves & Signings

The Denver Nuggets have been active in reshaping their roster around their franchise cornerstone. DeMar DeRozan has agreed to a one-year, $3.9 million deal to join the Nuggets, adding a sixth All-Star presence to the lineup. The team's offseason recap examines whether Nikola Jokić has enough support for another championship run in 2026-27.

In Miami, Klay Thompson is set to sign a two-year, nearly $13 million contract with the Heat after clearing waivers following his buyout from the Mavericks. The Cavaliers locked up their backcourt leader as James Harden agreed to a three-year, $97 million extension to remain in Cleveland, his agency Equity Sports confirmed Thursday.

Retirement & Legal

Nine-time All-Star Russell Westbrook announced his retirement Wednesday after 18 NBA seasons, with his camp revealing he had hinted at the decision during a recent team camp conversation. In Sacramento, a former Kings assistant athletic trainer has filed a civil lawsuit against the organization and its senior director of athlete health, alleging pregnancy discrimination and sexual harassment during her employment.