The free agency floodgates are officially open, and after a flurry of activity Monday night, the action continued Tuesday morning.<\/p>\n
To kick things off, reigning MVP Shai Gilgeous-Alexander signed a four-year, $285 million supermax extension<\/a> with the Oklahoma City Thunder, according to ESPN’s Shams Charania. Shortly after, former Indiana Pacers center Myles Turner reportedly agreed<\/a> to a four-year, $107 million deal with the Milwaukee Bucks \u2014 the top-ranked center on Yahoo Sports’ free agent big board<\/a>, now off the table. With Turner in the fold, the Bucks waived Damian Lillard<\/a>, using the stretch provision in the CBA<\/a> to wipe the final three years and $113 million of his contract off of their balance sheet.<\/p>\n Advertisement<\/p>\n Other deals on Tuesday included the Nuggets trading for Jonas Valanciunas<\/a> from the Sacramento Kings in exchange for Dario Saric, Dennis Schr\u00f6der signing with the Sacramento Kings<\/a> and Jakob Poeltl agreeing to an extension with the Toronto Raptors<\/a>.<\/p>\n Wednesday’s big domino was Deandre Ayton, who has reportedly agreed to terms<\/a> on a two-year deal with the Los Angeles Lakers. He’ll reportedly make $34 million in the coming season, with $25.6 million from his reported buyout from the Portland Trail Blazers and another $8.1 million from the Lakers on this new deal. The second year of the two-year contract is a player option, insider Jake Fisher reports<\/a>.<\/p>\n When free agency opened Monday night, the NBA had officially set its salary cap at $154.647 million for the 2025-26 season. That’s up 10% from last season<\/a>, which was the expected jump.<\/p>\n It took about an hour for things to get going, but before long, news broke that Jaren Jackson Jr. and the Grizzlies are expected to agree on a five-year, $240 million max extension<\/a>, according to ESPN’s Shams Charania<\/a>. Shortly after, Charania reported the Nuggets are trading Michael Porter Jr. to the Nets<\/a> in exchange for Cam Johnson.<\/p>\n Advertisement<\/p>\n Other deals Monday night included Dorian Finney-Smith agreeing to a four-year, $53 million contract<\/a> with the Rockets, Ty Jerome and the Grizzlies agreeing<\/a> to a three-year, $28 million contract and the Mavericks striking a two-year, $13 million deal with point guard D\u2019Angelo Russell<\/a>.<\/p>\n Things began shifting last weekend, with the Phoenix Suns trading superstar Kevin Durant to the Houston<\/a> Rockets for Jalen Green, Dillon Brooks and the 10th pick (Khaman Maluach) in the 2025 NBA Draft. The Boston Celtics also began a refresh by trading Jrue Holiday to the Portland Trailblazers and Kristaps Porzi\u0146\u0123is to the Atlanta Hawks<\/a>.<\/p>\n Advertisement<\/p>\n Plenty of players will stay put with their current teams for now, though. On Sunday, LeBron James reportedly picked up his $52.6 million option<\/a> for the 2025-26 season, stating his hopes of competing for a championship while the Lakers build for the future. James Harden will also stick in Los Angeles, signing a new two-year, $81 million deal<\/a> after declining his player option for next season. Julius Randle will remain in Minnesota after reportedly agreeing to a three-year, $100 million contract<\/a> with the Timberwolves.<\/p>\n Other notable potential free agents include Damian Lillard, Chris Paul, Jonathan Kuminga and more (check out Yahoo Sports’ NBA free agent big board here<\/a>). Find all of this year’s free agency deals here<\/a>.<\/p>\n Free-agent position rankings: Point guards<\/a> | Shooting guards<\/a> | Small Forwards<\/a> | Power forwards<\/a> | Centers<\/a><\/p>\n Follow along with Yahoo Sports for live updates, highlights and more as 2025-26 NBA free agency heats up:<\/p>\n