What happened: Victor Wembanyama signed a five-year, $252 million rookie max extension with San Antonio. Meanwhile, the proposed trade sending Kawhi Leonard to Toronto remains on hold pending the conclusion of an NBA investigation.

Why it matters: San Antonio secures its franchise cornerstone for the foreseeable future. The pause on the Leonard transaction leaves both the Clippers and Raptors in offseason limbo, as Toronto reportedly balked at assuming any penalty risks. Potential league discipline for Leonard could range from a 20-game suspension to a voided contract.

What to watch: The league aims to conclude its investigation into the Leonard transaction by the end of the summer.