What happened: The NBA is investigating the Milwaukee Bucks and Gary Trent Jr. for possible cap circumvention, according to reports. The league has hired the law firm Hecker Fink to look into the agreement.

Why it matters: Penalties for cap circumvention can be severe, including the loss of draft capital. The investigation has drawn comparisons to previous probes into the LA Clippers, prompting speculation about whether Milwaukee should quickly trade its first-round picks for a player like Jalen Duren before potentially being stripped of them.

What to watch: The league has not announced a timeline for the investigation's conclusion or potential disciplinary action.