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Kevin Durant announces he will join Warriors
1:04 | NBA
Kevin Durant announces he will join Warriors
Tuesday July 5th, 2016

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NBA free agency is in full swing, billions of dollars have been spent and there are still a lot of moving parts on the board. 

The biggest question was answered on Monday morning, when Kevin Durant decided to sign with the Golden State Warriors. The 2013–14 MVP had been courted by the Thunder, Spurs, Celtics and Heat in addition to the Warriors.

A leap in the salary cap has caused teams to hand out record amounts of money to players. Dwyane Wade could be leaving Miami, where Hassan Whiteside just signed a massive deal. Dwight Howard is heading home to Atlanta, and Al Horford is bound for Boston. Mike Conley, the top free-agent point guard, is back with Memphis on the most lucrative contract in league history.

Check back on this page for the latest rumors from around the league. For more, also be sure to check out SI's ranking of the top 50 free agents

• Grading biggest deals | Free agent tracker | Salary cap FAQ

Tuesday (all times Eastern)

4:45 p.m.

• The Spurs have traded Boris Diaw to the Jazz for a second-round pick and the rights to Olivier Hanlan. (Adrian Wojnarowski, The Vertical)

4:20 p.m.

• The Warriors and forward David West have agred to a one-year deal for veteran’s minimum. (David Aldridge, TNT)

• Willy Hernangomez’s deal will be fully-guaranteed, for two years and $6 million. (Mike Scotto, Sheridan Hoops)

3:45 p.m.

• The Knicks and overseas stash player Willy Hernangomez have agreed to a multi-year deal. (Adrian Wojnarowski, The Vertical)

• New York also agreed to terms with Lithuanian forward Mindaugas Kuzminskas. (Ian Begley, ESPN)

2:30 p.m.

• Kevin Durant felt that the Thunder ultimately plateaued as a team. “He’s never going to have a game in Golden State where Steve Kerr has to say at halftime, ‘You guys need to get Kevin the ball,’ which happened in OKC,” someone familiar with his thinking said. (Howard Beck, Bleacher Report)

1:20 p.m.

• The Sixers are offering Spanish guard Rudy Fernandez a two-year, $20 million deal. (Lucas Sáez-Bravo, El Mundo Deportes)

• The Cavaliers followed Dwyane Wade and Gabrielle Union on Twitter. (Twitter)

1:00 p.m.

• The Magic are finalizing a deal to sent point guard Shabazz Napier to the Trail Blazers for cash considerations. (Josh Robbins, Orlando Sentinel)

• Dwyane Wade is seeking a two-year deal worth $50 million. The Heat can only offer $40 million over two years, and the Nuggets and Bulls are still in the running. (Brian Windhorst, ESPN)

12:15 p.m.

• LeBron James is, indeed, staying with the Cavaliers, his agent says. Teams have been checking on James, who has not yet signed a contract to play next season. (Marc Stein, ESPN)

11:30 a.m.

• Dwyane Wade has canceled his meeting with the Milwaukee Bucks, and some other teams. (Zach Lowe and Brian Windhorst, ESPN)

• Gerald Henderson and the Sixers have agreed to a two-year, $18 million deal. (Chris Haynes, Cleveland Plain Dealer)

• The Nuggets, at one point, had the Hawks interested in a trade centered around Kenneth Faried and Paul Millsap, but it’s unclear whether or not they will chase Russell Westbrook. The Suns also inquired about Millsap. (Zach Lowe, ESPN)

9:30 a.m.

• Dirk Nowitzki and the Dallas Mavericks have agreed on a two-year, $40 million deal. Nowitzki, 38, has played his entire 18-year career in Dallas. (Marc Stein, ESPN)

• Contract agreements for 2016 free agency have surpassed the $3 billion mark. (Ben Golliver, Sports Illustrated)

9 a.m.

• Dwyane Wade and the Cavaliers have begun preliminary talks to reunite Wade with LeBron James in Cleveland. (Jordan Schultz, Huffington Post)

• The Warriors have agreed to a one-year, $2.9 million contract with free-agent center Zaza Pachulia. (Shams Charania, The Vertical)

• The Warriors have also renounced their rights to center Festus Ezeli, allowing him to become an unrestricted free agent. (Marc Spears, ESPN)

Monday 

11:30 p.m.

• Former first-round pick Anthony Randolph, who last played in the NBA in 2014 and has spent the last two season in Russia, is attracting interest from NBA teams. (Marc J. Spears, The Undefeated)

• Seth Curry will sign a two-year, $6 million contract with the Mavericks. (Multiple reports)

• The Knicks are re-signing forward Lance Thomas to a four-year deal. (Multiple reports)

• Roy Hibbert will fill the hole left by Al Jefferson’s departure from the Hornets. He’ll sign a one-year deal for $5 million. (Adrian Wojnarowski, The Vertical)

• Harrison Barnes posted a thank you note to Warriors fans after reportedly agreeing to sign with the Mavericks. (Facebook)

6:00 p.m.

• The Knicks have rescinded their qualifying offer to Langston Galloway, making him an unrestricted free agent. (Ian Begley, ESPN)

5:30 p.m.

• The Kings waived forwards Caron Butler and Duje Durkan. (Shams Charania, The Vertical)

• One possible destination for Butler is the Miami Heat. (Adrian Wojnarowski, The Vertical)

5:00 p.m.

• The Hornets are trying to ​trade Spencer Hawes in order to create enough cap space to sign another center. Roy Hibbert, Zaza Pachulia, Festus Ezeli and Jordan Hill are possibilities to replace Hawes. (Adrian Wojnarowski, The Veritical)

• Luc Mbah a Moute’s deal with the Clippers is for two years and $4.5 million. There is a player option in year two. (Adrian Wojnarowski, The Vertical)

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