What happened: Victor Wembanyama signed a five-year, $252 million designated rookie max extension with the Spurs. Kawhi Leonard's trade to the Raptors remains on hold as the NBA's investigation into the deal continues, per Commissioner Adam Silver.

Why it matters: The extension locks in San Antonio's franchise center through the rest of the decade. The Raptors balked at assuming the trade's investigation-related penalty risk, part of the same trade freeze first reported last week.

What to watch: Silver said the league hopes to close its investigation this summer, a resolution that would determine whether the Leonard trade proceeds.