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Last updated: July 7, 2026, 5:31 PM ET

NBA Offseason Shake-Ups and Extensions

The Eastern Conference landscape is undergoing a significant transformation as teams retool for the upcoming season. In a move that sent shockwaves through the league, the Philadelphia 76ers are reportedly close to acquiring star wing Jaylen Brown, though executives suggest his trade value may have been lower than anticipated execs react to shocking. Meanwhile, the Cleveland Cavaliers have secured a cornerstone for their future, agreeing to a four-year, $273 million maximum extension with Donovan Mitchell, which includes a player option for the 2030-31 season Mitchell agrees to extension. The Eastern hierarchy is dynamic, with standing still no longer an option for contenders East standing still.

The Los Angeles Lakers continue their pursuit of unrestricted free agent wing Jonathan Kuminga, but sources indicate their current offer has not been enticing enough for him to commit Lakers pursuing Kuminga. This comes as the team navigates its post-LeBron James era, a departure described as a mutually convenient divorce after a marriage of convenience LeBron broke up with Lakers. In other Pacific Division news, the Sacramento Kings have waived six-time All-Star DeMar DeRozan, making him an unrestricted free agent with multiple contenders expected to express interest DeRozan cut Kings.

Amidst the free agency frenzy, some players are opting for caution with their contract situations. Nikola Jokic reaffirmed his long-term commitment to the Denver Nuggets but stated he will wait until next summer to sign an extension Jokic wait on extension. In Milwaukee, the blockbuster trade sending Giannis Antetokounmpo to the Miami Heat officially concluded, marking the end of his 13-year tenure with the Bucks Antetokounmpo posts goodbye.

Player health and career milestones are also defining the current NBA narrative. Finals MVP Jalen Brunson underwent surgery on his left wrist, with sources indicating he is expected to resume basketball activities later this summer Brunson having wrist surgery. Longtime Raptor Kyle Lowry officially retired after signing a one-day contract with Toronto, concluding a 20-season career that included nine seasons with the franchise and an NBA championship Lowry retires Raptor. In more somber news, former NBA star Lamar Odom is expected to plead no-contest to a reduced charge of reckless driving stemming from a January DUI incident Odom enter plea deal. Kawhi Leonard is reportedly set to begin contract extension talks with the Toronto Raptors this week, with his new representation in tow, as his trade officially finalizes Kawhi hires new agent.