NBA free agency 2025: Live updates, news, rumors as Bradley Beal reportedly joins Clippers after Suns buyout, Devin Booker deal breaks record

NBA free agency continues with several key players, including Damian Lillard, Chris Paul, Jonathan Kuminga, and Quentin Grimes, still undecided for next season.

On Wednesday, Bradley Beal agreed to a buyout with the Phoenix Suns, ending his two-season tenure. He is expected to sign a two-year, $11 million contract with the Los Angeles Clippers.

Last week, the Oklahoma City Thunder signed Jalen Williams to a maximum extension potentially worth $287 million, securing their young core after winning the championship. The Thunder also signed Shai Gilgeous-Alexander and Chet Holmgren to significant new deals this offseason.

The NBA officially set the 2025-26 salary cap at $154.647 million when free agency opened on June 30, representing a 10% increase from the previous season.

Other notable transactions include: Jaren Jackson Jr. agreeing to a five-year, $240 million max extension with the Memphis Grizzlies; the Denver Nuggets trading Michael Porter Jr. to the Brooklyn Nets for Cam Johnson; Dorian Finney-Smith signing with the Houston Rockets; Ty Jerome agreeing to a three-year deal with the Grizzlies; and the Dallas Mavericks signing D’Angelo Russell to a two-year contract.

LeBron James exercised his $52.6 million player option for the 2025-26 season with the Los Angeles Lakers, expressing his desire to compete for a championship. James Harden signed a new deal to stay with the LA Clippers, and Julius Randle will remain with the Minnesota Timberwolves.

These moves follow earlier major trades: the Phoenix Suns traded Kevin Durant to the Houston Rockets for Jalen Green, Dillon Brooks, and the 10th pick (Khaman Maluach) in the 2025 NBA Draft. The Boston Celtics also traded Jrue Holiday to the Portland Trail Blazers and Kristaps Porziņģis to the Atlanta Hawks.