To nobody's surprise, James offically declined his player option in his contract Tuesday. He turned down a $24 million salary for next season.
Analysis: James could sign with a different team for $30.8 million next season, or if he wants to return to Cleveland on a one-year contract, he could get only $27.5 million due to the team's salary-cap situation. James has indicated that he intends to stay with his hometown team.
Wade is prepared to take his talents from South Beach and shop his services to other suitors when free agency begins Friday.
Analysis: ESPN.com reported initial contract discussions between Wade and the Heat have not produced a common ground, meaning the star guard could consider leaving the franchise where he has played 13 seasons and won three titles.
The Pistons traded Meeks to the Magic for a 2019 conditional second-round draft pick Wednesday.
Analysis: Meeks played in only three games in 2015-16 after fracturing the fifth metatarsal in his right foot in the second game of the season. Since signing with the Pistons in 2014, he's played 63 games and averaged 10.9 points.
Duncan exercised his $6.4 million player option for next season but retirement remains an option.
Analysis: Duncan had ups and downs in 2015-16 in the regular season and playoffs but said he is still weighing whether to play one final season after helping the San Antonio Spurs win a franchise-best 67 games and tying an NBA record for going 40-1 at home this season.
The Hornets said Kaminsky will undergo a ''minor procedure'' on Wednesday to repair a small pocket of air between his lung and chest wall and will not participate in the Pro Summer League in Orlando.
Analysis: The recovery time for the procedure is approximately six weeks for Kaminsky, who averaged 7.5 points, 4.1 rebounds and 1.2 assists in 21.1 minutes per game as a rookie last season, appearing in 81 games with three starts. He was one of two rookies to total more than 600 points, 300 rebounds and 50 3-point field goals.
Jefferson announced he would retire following the Cavaliers' victory in Game 7 of the NBA Finals but now wants to play multiple more seasons, according to Chris Mannix of Yahoo Sports.
Analysis: With rumors swirling that the 36-year-old may join friend Luke Walton's coaching staff with the Lakers, Jefferson now appears to be leaning toward returning as a player. Jefferson started two of the Cavs' 21 playoff games, averaging 5.4 points and 18.1 minutes while providing a strong defensive presence.
Nicholson will not receive a qualifying offer from the Magic and will become an unrestricted free agent, according to a report.
Analysis: Nicholson, 26, averaged 6.9 points in 56 games last season, his most since averaging 7.8 points per game as a rookie in 2012-13. He has spent his first four seasons in Orlando after being selected with the 19th overall pick out of St. Bonaventure.
Durant plans to add face-to-face meetings with the Boston Celtics, Miami Heat and Los Angeles Clippers in addition to previously reported talks with the Golden State Warriors, San Antonio Spurs and Oklahoma City Thunder at the outset of free agency.
Analysis: Durant is still officially a member of the Thunder until his contract runs out at 12:01 a.m. Friday when NBA free agency begins. Durant, 27, is also considering meeting with the New York Knicks but has no plans to talk to his hometown Washington Wizards, according to ESPN.
Beal has declined an invitation to play for the United States in the Rio Olympics.
Analysis: Beal said on Twitter that he has decided to dedicate his summer to getting into shape for next season. He called the invitation from USA Basketball "the ultimate honor." The 22-year-old is the latest player to turn down the chance to play for the U.S. in Rio. NBA Finals MVP LeBron James, regular-season MVP Stephen Curry, Russell Westbrook, Chris Paul, James Harden and others have said they won't go.
Lin declined a $2.2 million team option to return to the Hornets on Thursday and will become a free agent July 1.
Analysis: Lin averaged 11.7 points, 3.0 assists and 3.2 rebounds in 2015-16. He said at the end of the season that he would be "very interested" in returning to Charlotte but will seek a long-term deal and explore the open market.
A person with knowledge of the deal tells The Associated Press that the Indiana Pacers have acquired veteran forward Thaddeus Young from the Brooklyn Nets for the 20th overall pick.
Analysis: The two teams agreed to the trade just a few hours before the start of the NBA draft Thursday. The person spoke on condition of anonymity because the deal has not been announced. Young is a versatile steals artist who averaged 15.1 points with the Nets last season.
The Lakers selected Ingram with the second overall pick in the NBA draft, adding another talented teenager to the rebuilding club's young core.
Analysis: The 6-foot-9 Ingram spent one season at Duke, averaging 17.3 points and 6.8 rebounds as an immediate star for the Blue Devils. Pro scouts were tantalized by his 41 percent shooting on 3-pointers, and his lanky frame only heightened the comparisons to Kevin Durant. Ingram joins D'Angelo Russell - last year's No. 2 overall pick - along with Julius Randle, Jordan Clarkson and Larry Nance Jr. on an intriguing roster.
As expected, the 76ers selected Simmons with the No. 1 overall pick of the 2016 NBA Draft.
Analysis: The 6-foot-10 Simmons averaged 19.2 points, 11.8 rebounds and 4.8 assists per game during his lone season at LSU and is considered one of the best passing big men in quite some time. The move leaves the Sixers with a logjam of forwards and increases speculation that the team will attempt to trade one of their previous lottery picks, with Nerlens Noel and Jahlil Okafor the most likely candidates.
In a surprise, Brown was drafted third overall by the Celtics on Thursday.
Analysis: Brown was named the Pac-12 freshman of the year after averaging 14.6 points and 5.4 rebounds in leading California to the NCAA Tournament. He has a reputation as an elite defender, which could be a good fit with Boston's defensive culture under coach Brad Stevens.