What happened: The NBA transactions log recorded both moves Sunday, two days after James announced his Philadelphia choice. Terry enters the waiver process following his release.
Why it matters: The roster move cements Philadelphia's low-cost addition of James for a 2026-27 title push. The player option gives James control over the contract's second season.
By the numbers: James has career averages of 26.8 points, 7.5 rebounds and 7.4 assists across more than 1,600 games.
What to watch: Terry's waiver status is the next roster development to watch.