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4 articles summarized · Last updated: LATEST

Last updated: July 7, 2026, 11:31 AM ET

NBA Transaction Wire

Six-time All-Star Kyle Lowry has officially retired as a Raptor, signing a one-day contract with the franchise where he spent nine of his 20 NBA seasons and captured an NBA championship. Lowry's departure signals the end of an era for the franchise and adds another notable name to the list of players concluding their careers this offseason.

In Cleveland, Donovan Mitchell has agreed to a significant four-year, $273 million maximum extension with the Cavaliers. This deal includes a player option for the 2030-31 season and solidifies Mitchell's long-term commitment to the franchise as they aim to build around their star guard. The agreement comes amid a period of intense activity in NBA free agency.

The Eastern Conference landscape