NBA Basketball 24 Hours

Last updated: August 23, 2026, 8:49 AM ET

Ownership & Front Office

Stad has acquired a controlling interest in the Minnesota Timberwolves and Lynx, marking a major shift in franchise leadership. Meanwhile, Dr. PERSON_NAME, a minority owner of the Lakers, has no plans to sell his 4% stake, his attorney told ESPN — a decision that keeps the team's ownership structure intact for now.

Roster Moves & Contracts

The Nuggets added a veteran scorer as DeRozan agreed to a one-year, $3.9 million deal on Friday. That follows a busy offseason in Denver, where the franchise finally resolved its biggest piece of business; still, questions remain whether Jokic has enough support for another title run. Elsewhere, Harden is staying put in Cleveland, agreeing to a three-year, $97 million extension with the Cavaliers. In Miami, Klay Thompson plans to sign a two-year, nearly $13 million deal with the Heat after clearing waivers following his buyout from the Mavericks — a move that reshapes both backcourts.

Retirement & Legal

Westbrook announced his retirement Wednesday after 18 seasons, capping a career that included nine All-Star appearances and an MVP award. His camp had hinted at the decision during a team chat. In Sacramento, a former Kings assistant athletic trainer filed a civil lawsuit against the organization, alleging pregnancy discrimination and sexual harassment, adding a legal cloud to the franchise's offseason.

Denver's early-season outlook hinges on depth, and the DeRozan signing helps — but the Nuggets still need more from their bench. Cleveland, meanwhile, locks in its core with Harden, while Miami adds a proven shooter. With the ownership change in Minneapolis, the Timberwolves may see fresh direction. The Lakers' ownership stability, though, means no imminent sale — and no major shakeup in Los Angeles.