What happened: Bobby Marks reports that when the Los Angeles Lakers execute a planned set of offseason transactions on July 6, they will renounce all of their free agents with the lone exception of Austin Reaves. Renouncing the others clears the cap holds needed to complete those moves, while Reaves is held back to preserve his Bird rights.

Why it matters: Keeping Austin Reaves off the renounce list lets the Lakers exceed the salary cap to re-sign him, a clear signal he remains central to their plans for the 2026-27 season. It confirms the front office is prioritizing his return even as it reshapes the rest of the roster through cap-space signings.

What to watch: Watch July 6, when the transactions become official and the terms of a new Reaves deal come into focus.