What happened: NBA free agency has opened, allowing teams to begin negotiating with available players on new contracts. A live tracker is following every signing and trade as deals are reported across the league. The window marks the start of roster reshaping ahead of the 2026-27 season.

Why it matters: Free agency is where contenders close gaps and rebuilding teams reset their timelines, making the next several days among the most consequential of the offseason. Cap space, exceptions, and sign-and-trade machinery all come into play at once, so early moves often dictate the balance of power for the coming year. The pace of activity in the opening hours typically sets the tone for the rest of the summer.

What to watch: Watch for the first wave of agreements to be reported as the market opens, with the biggest names and largest contracts usually moving first. Subsequent trades and sign-and-trades tend to follow once top free agents settle.