Get the latest news, updates and rumors concerning NBA free agency.

By Scooby Axson
June 25, 2018

Draft day has come and gone, and free agency rumors are starting to pick up steam.

On Thursday at the Barclays Center, the Suns drafted Deandre Ayton first overall to no surprise. The Kings drafted Marvin Bagley at No. 2 and the Hawks picked Luka Doncic before sending him to Dallas for Trae Young, who was selected at No. 5 overall. Jaren Jackson Jr. was picked at No. 4.

Now that the draft is over, the focus has shifted even more to free agency speculations. ​

NBA teams can negotiate with free agents starting midnight on July 1 and officially sign players to contracts after the moratorium ends on July 6 at noon ET.

Get a full breakdown on all the rumors and reports.

Afternoon Rumors

• NBA raising debt limit for teams to $325M, an increase that could soften hit of elevated payrolls and luxury tax bills. (ESPN.com)

• The Pacers are declining Lance Stephenson's $4.3M team option and he'll be a free agent. (Yahoo! Sports)

• Paul George on Pacers declining Stephenson's team option "Wow and I was the bad guy huh?! In this business you do what’s right for YOU!" (Paul George/Instagram)

• EuroLeague guard Brad Wanamaker is finalizing a deal to join the Boston Celtics next season. (ESPN.com)

• Orlando is waiving guard Shelvin Mack. (ESPN.com)

Morning Rumors

• Paul George's offseason will be chronicled in a three-part SportsCenter series on ESPN.

• LeBron James has no intentions of hearing elaborate pitch meetings from teams. James has until June 29 to pick up a $35.6 million player option from the Cavaliers. (ESPN.com)

• The Nuggets are set to decline team option on Nikola Jokic and sign him to a five-year, $146.5 million max deal. (Yahoo! Sports)

• Clippers center DeAndre Jordan hasn’t made decision yet on whether to opt in or opt out of his contract. Jordan is due $24.1 million if he stays with Los Angeles. (Los Angeles Times)

• Knicks center Enes Kanter said he has made no decisions yet on whether to opt out of his contract. (SNY)

• The Suns are expected renounce rights to Alex Len and Elfrid Payton. (Arizona Republic)

• The Memphis Grizzlies have released forward Omari Johnson. (Yahoo! Sports)

• Atlanta Hawks forward Mike Muscala has exercised his $5 million player option. (ESPN.com)

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