The NBA offseason saw significant player movement. Key terms like player and team options, maximum contract values (based on experience and salary cap), and mid-level exceptions (varying for teams under or over the luxury tax) governed player transactions. The 2025-26 salary cap is $154.6 million, influencing max contract values. Many moves, including the Durant and Bane trades, occurred before free agency officially began.

Prepared by Emily Rhodes and reviewed by editorial team.