NBA News, NBA Rumors, Trades, Free Agency (2024)

Gordon Hayward is retiring from the NBA after a 14-year career. Hayward announced his retirement via posts on social media.

Hayward played for the Utah Jazz, Boston Celtics, Charlotte Hornets and Oklahoma City during his 14-year NBA career. He retires with career averages of 15.2 points, 4.4 rebounds and 3.5 assists.

Hayward played the first seven years of his career with the Jazz, before moving to the Celtics in 2017. Hayward fractured his leg just five minutes into his Boston debut and was never again fully healthy in his career.

Hayward signed with the Hornets in 2020, following three years with the Celtics. He was traded to the Thunder at the 2024 trade deadline.

The Charlotte Hornets have waived Leaky Black from his Two-Way contract.

Black averaged 2.7 points and 1.8 rebounds over 26 games with the Hornets last season.

The Milwaukee Bucks have waived Jaylin Galloway from his Two-Way in order to sign Anzejs Pasecniks. Galloway is represented by Marquis Taylor.

In five Summer League games, Galloway averaged 2.4 points and 1.6 rebounds in 9.9 minutes.

In seven G League games last season, Galloway averaged 4.7 points, 3.4 rebounds and 1.4 assists in 20.4 minutes.

The San Antonio Spurs have guaranteed Julian Champagnie's $3 million salary for the 24-25 season. Champagnie started 59 of 74 games played for the Spurs last season. Champagnie is represented by Kashif Prattand Nick Blatchford.

Champagnie averaged 6.8 points, 2.8 rebounds and 1.4 assists last season.

The Milwaukee Bucks have signed Anzejs Pasecniks to a Two-Way deal.

Pasecniks spent parts of the past two seasons with the Washington Wizards.

The New York Knicks have agreed to sign Chuma Okeke to a camp deal.

Okeke averaged 6.3 points and 3.7 rebounds in 20.3 minutes in four seasons with the Orlando Magic.

Okeke was the 16th overall pick in the 2019 NBA draft.

Jarrett Allen and the Cleveland Cavaliers have agreed to a three-year, $91 million contract extension. The contract is the maximum Allen was allowed to sign with the Cavaliers at this time. Allen is now under contract for $131 million over the next five seasons. Allen is represented by Jim Tannerand Derrick Powell.

In 77 games last season, Allen averaged 16.5 points, 10.5 rebounds, 2.7 assists and 1.1 blocks in 31.7 minutes.

Allen previously re-signed with the Cavaliers as a free agent in 2021 on a five-year, $100 million deal. Allen previously could have become a free agent in 2026.

The Cavaliers have also signed Donovan Mitchell and Evan Mobley to contract extensions this offseason. The Cavaliers now have Allen and Mobley signed through 29-30, as well as Mitchell through 26-27.

Cleveland begins to control their own draft coming out of the last picks from the Mitchell trade in 2030.

Luke Kennard and the Memphis Grizzlies have agreed to a one-year, $11 million contract. Kennard averaged 11 points and 3.5 assists while shooting 45 percent on three-pointers for the Grizzlies last season.

The Grizzlies acquired Kennard from the LA Clippers at the trade deadline in 2023.

Kennard is represented by Steven Heumann, Aaron Mintzand Dave Spahn.

Hollywood agents and writers have begun complaining that the NBA's 11-year, $76 billion deals with Disney, NBC and Amazon will impact their businesses as there will be fewer new scripted television shows and fewer reruns, which will result in lower residuals.

NBC’s deal alone will replace more than 150 hours of broadcast TV entertainment with live NBA programming on Sunday and Tuesday nights, which excludes the playoffs.

One veteran media executive who wished to not be named in the Hollywood Reporter story described the deals as a “transfer of wealth from Hollywood to the sports leagues.”

Disney said that it expects to spend $25billion on content this year, down from $27billion in 2023. Fortypercent of its content budget is dedicated to sports and sports-adjacent programming.

“There’s less money overall, and more of that money is being allocated toward sports,” says Jonathan Miller, a former NBA executive who serves as CEO of Integrated Media, which specializes in digital media investments. “The sports audience is a more or less a guaranteed audience: predictable, you can sell against it, you kind of know where it’s going to fall within ranges.”

The purpose for Team USA is to win Olympic Gold. A secondary outcome from whenever players get together to play for the United States is planting the seeds for future partnerships. Countless NBA duos and trios have been formed out of players having fun as teammates for Team USA and seeking to carry that back to their day jobs.

This summer, an inseparable duo has been Kevin Durant of the Phoenix Suns and Anthony Edwards of the Minnesota Timberwolves. ESPN's Brian Windhorst reported that Edwards has been following Durant around like a big brother while in France. ESPN's Tim Bontemps shared that it was the same in Olympics training camp in Las Vegas early in July.

There are no indications that any sort of NBA team-up is in the future for the Wolves star and the Suns star. Both players are on multi-year contracts, and both Minnesota and Phoenix are second-apron teams who are restricted in what moves they can make. There's also a nearly 13-year age gap between the All-Stars.

Edwards has been outspoken of his admiration for Durant. The two were famously spotted talking trash to each other as the Timberwolves dispatched the Suns during the first round of the 2024 NBA Playoffs.