What happened: The NBA's free agency and trade market remains active during the 2026-27 preseason. Karl-Anthony Towns indicated that a contract extension with the New York Knicks does not look promising. In other moves, Jonathan Kuminga signed a two-year, $13 million deal with the Minnesota Timberwolves.

Why it matters: The stalled negotiations fuel speculation regarding Towns' future as the regular season approaches. The Golden State Warriors are reportedly positioned to pursue him if he becomes available. Separately, Kuminga joins a Minnesota starting lineup featuring Anthony Edwards and Rudy Gobert.

What to watch: The NBA regular season begins on October 20.