What happened: Victor Wembanyama signed a five-year, $252 million maximum rookie-scale contract extension that includes a player option in the fifth season, according to Shams Charania. Separately, a reported Kawhi Leonard trade remains on hold while the NBA's investigation into the deal continues.

Why it matters: The extension secures Wembanyama as San Antonio's long-term centerpiece heading into the 2026-27 season. The delay on Leonard's trade adds uncertainty to an offseason already shadowed by questions about the league's handling of the deal.

What to watch: The NBA's investigation outcome will determine whether the Leonard trade proceeds, while Wembanyama's extension terms are now finalized ahead of the 2026-27 season.