The start of NBA free agency is finally underway. Teams and player are now allowed to start negotiating contracts and several deals have already been struck. With the first day mostly over, here's what we learned on Day 1 of NBA Free Agency and all the latest NBA free agency rumors and news you need to know.
The day isn't over and there's still the chance for a Woj Bomb. So, we'll update this post if anything else of note happens.
Iguodala Seems Close To Making A Decision
Iguodala has canceled the rest of his free agent visits, a move that comes right after he met with the Houston Rockets. However, he's going to meet with the Warriors before making a decision. More on that here, but the Warriors plan on offering Iguodala a three-year deal that could be worth as much as $45 million.
Minnesota Is Aggressive
The Timberwolves kicked off free agency by signing PG Jeff Teague. Next on their target list appears to be PF Paul Millsap.
Paul Millsap has a meeting lined up with the Minnesota Timberwolves today, league sources told Basketball Insiders.— Michael Scotto (@MikeAScotto) July 1, 2017
The Suns were also interested, but they've pulled out (more on that below). Cap space is a bit of an issue for the Timberwolves, but the Hawks are open to a sign-and-trade. With a potential starting lineup of Teague - Jimmy Butler - Andrew Wiggins - Millsap and Karl Anthony-Towns, the Timberwolves are a dangerous playoff threat.
However, the Nuggets are a serious threat to land Millsap.
Rockets, Cavs Talking Trade
There's more on this here, but the Rockets and Cavs are having discussions on a trade centered on Iman Shumpert. The Cavs would clear some salary with the move, while the Rockets would get some defensive wing help. Shumpert has played under head coach Mike D'Antoni in the past.
Raptors Could Keep Lowry And Ibaka
The Toronto Raptors entered free agency with the fear they could lose one or both of Serge Ibaka and Kyle Lowry. Now, they feel confident about keeping both.
Most recent word is Raptors are confident Ibaka and Lowry will get done; facing competition for Tucker.— Michael Grange (@michaelgrange) July 1, 2017
The Heat are one of the top threats for Ibaka, but they're waiting on Gordon Hayward. The Timberwolves were connected to Lowry, but they signed Jeff Teague instead. The limited market for Lowry has benefited the Raptors. Losing Tucker wouldn't be the worst thing for the Raptors, especially if they keep Lowry and Ibaka.
Suns Could Make Deals
The Suns were in the mix for Paul Millsap and others, but they're out of the running now. Instead, they're focused on the future.
Sources: Suns out on Millsap pursuit, turning to use cap space to absorb $ dumps paired w/ assets. Open to moving vets, going all-in young.— Adrian Wojnarowski (@wojespn) July 1, 2017
The Suns have a very young core, headline by Devin Booker. Their vets that could be dealt include Tyson Chandler, Eric Bledsoe and Brandon Knight.
The 76ers were the big movers, signing both Amir Johnson and J.J. Redick. Those signings and more are listed below.
Jose Calderon: 1 year, $2.39 million with Cavs
Michael Carter-Williams: 1 year, $2.7 million with Hornets
Stephen Curry: 5 years, $201 million with Warriors
Cristiano Felicio: 4 years, $32 million with Bulls
Langston Galloway: 3 years, $21 million with Pistons
Taj Gibson: 2 years, $28 million with Timberwolves
Blake Griffin: 5 years, $172.4 million with Clippers
Jrue Holiday: 5 years, $126 million with Pelicans
Amir Johnson: 1 year, $11 million with 76ers
Shaun Livingston: 3 years, $24 million with Warriors
Patrick Mills: 4 years, $50 million with Spurs
Tony Snell: 4 years, $46 million with Bucks
J.J. Redick: 1 year, $23 million with 76ers
Jeff Teague: 3 years, $57 million with Timberwolves