What happened: The Milwaukee Bucks and Gary Trent Jr.'s representatives have worked through contract negotiations since the NBA Finals ended in mid-June. The sides also fielded sign-and-trade interest from other teams over the past week before moving toward completing a new agreement Saturday.

Why it matters: Retaining Trent adds to a Milwaukee offseason that has already re-signed forward Ousmane Dieng and signed first-round pick Nate Ament to his rookie contract. Keeping Trent's deal in-house rather than routing him elsewhere via sign-and-trade preserves backcourt depth as the Bucks retool following their Finals run.

What to watch: Formal terms of the agreement are expected once the deal is finalized.