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NBA free agency 2025: Live updates, news, rumors and more as LeBron James reportedly picks up Lakers option

With the 2024-25 NBA season and draft in the rearview mirror, all attention now shifts toward free agency. After the Oklahoma City Thunder established their basketball supremacy, the rest of the league now looks to make moves to try and dethrone them.

Things have already begun to shift, with the Phoenix Suns trading superstar Kevin Durant to the Houston Rockets for Jalen Green, Dillon Brooks and the 10th pick (Khaman Maluach) in the 2025 NBA Draft. The Boston Celtics have also begun a refresh by trading Jrue Holiday to the Portland Trailblazers and Kristaps Porziņģis to the Atlanta Hawks.

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On Sunday, LeBron James reportedly picked up his $52.6 million option for the 2025-26 season, stating his hopes of competing for a championship while the Lakers build for the future.

Other notable potential free agents include James Harden, Julius Randle, Myles Turner, Jonathan Kuminga and more (check out Yahoo Sports’ NBA free agent big board here).

Free-agent position rankings: Point guards | Shooting guards | Small Forwards | Power forwards | Centers

Teams can now negotiate with their own upcoming free agents. Then on June 30 at 6 p.m. ET, teams can begin negotiations with other pending free agents and officially sign players on July 6 at 12:01 p.m. ET.

Follow along with Yahoo Sports for live updates, highlights and more as 2025-26 NBA free agency heats up:

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