The Portland Trail Blazers are nearing a two-year max extension with Damian Lillard worth $120million.

According to a report from Shams Charania of The Athletic and Stadium, the extension – which will take his contract through the 2026-27 NBA season – will see the point guard paid $270m over the five years on his current contract.

Lillard is a six-time All-Star who has averaged 24.6 points per game since entering the league as the sixth pick in the 2012 draft.

Only four players – James Harden, Kevin Durant, LeBron James and Stephen Curry – have averaged more in that span.

However, he played only 29 games last season due to an abdominal injury and averaged 24 points per game, his fewest since his third season in the league in 2014-15 (21).

With Lillard on the sideline and former backcourt partner C.J. McCollum traded to the New Orleans Pelicans, the Blazers missed the playoffs for the first time since 2012-13 –Lillard's rookie year.

Despite the disappointing campaign, Lillard remains the face of the franchise and, by handing him a lucrative extension, the Blazers have made it clear he will continue to be the focal point as they look to get back among the contenders in the Western Conference.

Orlando Magic fans were treated to a delightful Summer League debut from number one overall pick Paolo Banchero in a 91-77 win against the Houston Rockets and third pick Jabari Smith Jr.

Smith was the heavy favourite to be taken by the Magic with the first pick from the day they won the NBA Draft Lottery, before a draft-day shocker saw them pivot to Banchero, allowing Smith to fall to the Rockets at three.

Banchero was terrific, and was the dominant force in the contest, operating as a six-foot-10 lead ball-handler. 

He finished with 17 points on five-of-12 shooting, hitting two-of-three from long range and all five of his free throws, while also adding a team-high six assists and posting a game-high plus/minus of plus 20 in 26 minutes.

Fellow draftee Caleb Houstan, who was selected by the Magic with the 32nd pick, was the Magic's top-scorer with 20 on seven-of-12 from the field, shooting an impressive five-of-nine from three-point range, while also grabbing six rebounds.

For the Rockets, Smith's stats were less impressive, finishing with 10 points on four-of-10 shooting, although he was not put in a position to succeed.

While Banchero is an on-ball operator, meaning he can initiate his own offense off the dribble, Smith was used as an off-ball threat, relying on the Rockets guards to find him in favourable positions, which they did not.

Smith's tremendous size at six-foot-10, combined with his picture-perfect jump shot form and his defensive upside to guard at least three positions mean there is no reason for panic in Houston after a slow start to his first Summer League.

Second-year guard Josh Christopher top-scored for the Rockets with 22 points on seven-of-18 shooting, 17th overall pick from this year's draft Tari Eason showed what he can do with 14 points and 13 rebounds, and Houston's third first-rounder (29th overall) TyTy Washington flashed glimpses of a skillset that could lead him to becoming the floor general his team is lacking, coming off the bench for seven points, four rebounds and three assists.

Rudy Gobert insists the Minnesota Timberwolves will not be happy "just to be a good team", having left the Utah Jazz in pursuit of an NBA title.

The Timberwolves gave up a huge haul – including three unprotected future first-round draft picks – to take Gobert from the Jazz.

The three-time Defensive Player of the Year now joins two former first overall selections in Karl-Anthony Towns and Anthony Edwards.

Gobert "fits perfectly" in the Minnesota lineup, coach Chris Finch says, and the incoming center has lofty aspirations.

Although the Timberwolves have not won a playoff series since 2004, making the postseason only twice in that time, Gobert is looking to take his new team all the way.

"The goal is to win a championship," Gobert said. "I came here for that.

"I didn't come here just to be a good team; I came here to try to take this team to the Finals and accomplish that."

The Frenchman suggested such aims were no longer realistic with the Jazz, where he spent the first nine seasons of his NBA career.

Utah were a far more regular playoff outfit, reaching the postseason in six straight years, but they never got beyond the second round and were facing an offseason of change even before Gobert's departure, with coach Quinn Snyder quitting.

"The window for winning is not always big," Gobert explained. "For us in Utah, that's kind of what happened.

"I think the organisation felt like that. We had maybe passed that window that we had over the last few years.

"I think it's still going to be a very competitive team. It just felt like with all the assets that they could get for me, it was better for them to go that way."

Oklahoma City Thunder second-year standout Josh Giddey posted a triple-double in his side's 87-71 win against the Memphis Grizzlies in Wednesday's Summer League action.

Giddey, who at 19 years old is still younger than team-mate and newly acquired second overall pick Chet Holmgren, was in total control against a Grizzlies team consisting of players battling for the last few roster spots.

He finished with 14 points on seven-of-15 shooting, with 10 rebounds, 10 assists, two steals and a blocked shot.

Holmgren could not match his incredible debut where he set the Summer League record with six blocks, but he still found a way to contribute despite shooting three-of-11 from the field. He scored 12 points, grabbed 11 rebounds, dished three assists and blocked two shots.

The seven-foot-one, 195-pound rookie was locked in a tantalising matchup against the Grizzlies' Kenny Lofton Jr, who measures in at six-foot-six and 290 pounds. Lofton's massive weight advantage provided a glimpse into the potential struggles Holmgren will face early in his career as he was physically pushed around at times on Lofton's way to 19 points on eight-of-17 shooting.

The Thunder's other two lottery picks were also serviceable, with Jalen Williams hitting all three of his three-point attempts on his way to 16 points, two assists and two steals, while the six-foot-11 Ousmane Dieng hit two-of-five from long range and collected a couple of assists.

Later in the day, the Philadelphia 76ers defeated the Utah Jazz 86-82 in a game where Charles Bassey made his case as the back-up center behind Joel Embiid.

Bassey, the 76ers' second-round pick from the 2021 NBA Draft, scored 17 points (seven-of-12 shooting), grabbed nine rebounds and snatched four steals as he made the most of his seven-foot-three wingspan.

For the Jazz, there were signs of life from Bruno Caboclo – the man who became famous for being called "two years away from being two years away" by ESPN's Fran Fraschilla when he was drafted in the first round of the 2014 NBA Draft.

Caboclo was out of the league this past season, but at six-foot-nine with a ridiculous seven-foot-seven wingspan, and an improved three-point stroke, the 26-year-old has a chance to make another run at sticking in the NBA after stuffing the stat sheet.

He scored 16 points with six rebounds, two assists, two steals and two blocks – although he did commit five turnovers and seven personal fouls.

Zion Williamson received the ultimate present on his 22nd birthday. 

As a thank you, he wants to deliver a championship to the New Orleans Pelicans. 

Williamson officially signed his five-year, $231million rookie max extension with the Pelicans at a YMCA in New Orleans where he was hosting a camp.  

He signed the deal on Wednesday, the same day he turned 22, and sitting alongside Pelicans general manager Trajan Langdon, executive VP of basketball operations David Griffin and coach Willie Green, Williamson – not surprisingly – said this is the number one birthday he has ever had. 

"For the Pelicans to give me this birthday gift, I'm not going to let them down," Williamson said. 

A year ago on his birthday, Williamson found out he broke his foot forcing him to miss the entire 2021-22 season. Now that he has been cleared to play, he has lofty goals. 

"I want to prove that I'm a winner, it's as simple as that," he said. "The ultimate goal is to win a championship. And I feel like that's what we're all striving for." 

The Pelicans made the playoffs this past season without Williamson and took the No. 1 seed Phoenix Suns to six games before being ousted. 

With Williamson in the fold, the hope is he can help the franchise take the next step. 

"It's gonna all come together at some point throughout the course of the season," Green said. "And when it does, I think we can be a scary team."

Williamson has only appeared in a mere 85 games since being the top pick of the 2019 NBA draft, but he has been outstanding when healthy, averaging 25.7 points, 7 rebounds and 3.2 assists while shooting just over 60 per cent. 

Since his rookie season, Williamson has been instrumental to New Orleans' success. The Pelicans have won 47.1 per cent of their games while averaging 116.4 points in the 85 games Williamson has played, compared to winning 40.4 per cent of the games and an average of 111.1 points in the contests he has missed.  

"Adding [Zion] back on the court with the group that we have is going to be a lot of fun but also really dangerous for the entire league and all of the 29 teams that have to face us night in and night out," Langdon said. "We are incredibly excited about that."

Suiting up alongside Brandon Ingram and CJ McCollum, Williamson gives the Pelicans another scoring threat making the offense even more dangerous. New Orleans' offense thrived after acquiring McCollum last February, averaging 115.9 points after the trade compared to an average of 105.9 points in their first 54 games. 

"We have an opportunity to be able to run toward sustained success for quite a long time," Griffin said. "We're young, we're talented, and most importantly – we are very hungry." 

Bradley Beal's five-year, $251million contract with the Washington Wizards includes a no-trade clause that makes the three-time All-Star guard the only player in the NBA to have a "true no trade clause", according to ESPN's Bobby Marks. 

Marks also says Beal is the 10th player in NBA history to have the clause in a deal, joining LeBron James, Kevin Garnett, Carmelo Anthony, Dirk Nowitzki, Kobe Bryant, Dwyane Wade, Tim Duncan, David Robinson and John Stockton. 

Beal was eligible to negotiate the clause because he has been in the league for at least eight seasons and spent at least the previous four campaigns with his current team.

He has been with the Wizards since they selected him third overall in the 2012 NBA Draft. 

Beal's 25.8 points per game since the 2016-17 season is the 10th-highest scoring average in the NBA over that span. He was limited to 40 games in 2021-22 before undergoing season-ending surgery on his left wrist. 

Thomas Bryant is once again a Los Angeles Laker after the free agent centre signed a one-year contract with the team on Wednesday. 

A second-round pick by the Utah Jazz in the 2017 NBA Draft, Bryant was then traded to the Lakers on draft night but only appeared in 15 games with Los Angeles, averaging 1.5 points and 1.1 rebounds. 

He was then waived by the Lakers following his rookie year and signed with the Washington Wizards, where he has spent the past four seasons. 

His last two years with Washington were marred by injury, however, as he appeared in a combined 37 games due to a torn ACL suffered in January 2021.  

Prior to the injury, Bryant was off to an encouraging start to the 2020-21 season, averaging 14.3 points on 64.8-per-cent shooting, along with 6.1 rebounds in starting the first 10 games for Washington. 

Bryant, who turns 25 years old on July 31, played well at times in his return last January, averaging 7.4 points and 4.0 rebounds in 27 games. 

The Lakers are hopeful after another off-season of training that he will be able to regain his prior form and provide frontcourt depth.

Chet Holmgren has lived up to the hype in his professional debut in the NBA summer league with a record-breaking performance.

Holmgren, who was taken by the Oklahoma City Thunder at second behind Paolo Banchero in the NBA Draft a fortnight ago, scored 23 points with seven rebounds and four assists in a 98-77 win over the Utah Jazz.

The Gonzaga center impressed with a history-making record for blocks and three-pointers in a game, becoming the first player in summer league history to record at least five blocks and hit four three-pointers.

Holmgren finished with six blocks and shot four-of-six from beyond the arc in 24 minutes.

"Shout out to my teammates for setting me up, talking to me, just putting me in position to be successful," Holmgren told ESPN after the game.

Holmgren's Australian teammate Josh Giddey, who was a Rookie of the Year contender last season after going at pick six, praised the seven-footer who is generating plenty of hype.

"The hype that he came in with, the way he played tonight was big for us," Giddey said.

"Being a high pick like that, there's a lot of pressure coming in, and he handled it as good as he could have.

"It makes my job easy playing with someone like him. He can stretch the floor, finish at the rim. He protects me, he's got my back on the defensive end. So love playing with him.

"It's been one game, and the chemistry's only getting stronger."

The Memphis Grizzlies and rookie Kennedy Chandler have agreed to a four-year, $7.1million contract with $4.94m in guarantees, The Athletic reported Tuesday.

Chandler’s deal contains the most guaranteed money ever given to an American-born second-round rookie.

The Grizzlies selected Chandler 38th overall in last month’s NBA Draft, with a pick that originally belonged to the San Antonio Spurs.

A guard out of Tennessee, Chandler averaged 13.9 points and 4.7 assists as a freshman while helping the Volunteers to a SEC Tournament championship and third seed in the NCAA Tournament.

"Kennedy was very high on our board going into the night, someone we felt very strongly about," Grizzlies general manager Zach Kleiman said.

"[Chandler] easily could have been a first-round pick of ours...absolutely shocked that Kennedy was there given how we felt about him.

"So we were very excited to extend that one beyond the amount of picks we had coming into the night because we felt really strongly about adding Kennedy to this group."

Kleiman was busy on draft night, orchestrating two other trades. The Grizzlies sent De’Anthony Melton to the Philadelphia 76ers for veteran swingman Danny Green and the No. 23 overall pick, David Roddy.

Memphis also sent picks 22 and 29, Walker Kessler and TyTy Washington, to the Minnesota Timberwolves for the 19th pick, Jake LaRavia.

The chairwoman of both the NFL's Seattle Seahawks and the NBA's Portland Trail Blazers, Jody Allen, said in a statement on Tuesday that the teams are not for sale at this time. 

There had been reports that an offer was made to buy the Trail Blazers, but Allen's statement dispels any rumours a sale is imminent. 

''As chair of both the Portland Trail Blazers and Seattle Seahawks, my long-term focus is building championship teams that our communities are proud of,'' said Allen, who has overseen both teams since her brother Paul died in 2018.

''Like my brother Paul, I trust and expect our leaders and coaches to build winning teams that deliver results on and off the court and field. As we've stated before, neither of the teams is for sale and there are no sales discussions happening.'' 

Paul Allen's will called for both teams to be sold and the proceeds be given to philanthropic efforts, and Jody acknowledged she plans to honour his wishes, though not at this time.

''A time will come when that changes given Paul's plans to dedicate the vast majority of his wealth to philanthropy, but estates of this size and complexity can take 10 to 20 years to wind down. There is no pre-ordained timeline by which the teams must be sold,'' Jody said. 

Paul Allen purchased the Trail Blazers in 1988 and bought the Seahawks nine years later. Jody Allen has been the trustee for her brother’s estate since the Microsoft co-founder's death.

The Cleveland Cavaliers and guard Darius Garland have agreed to a five-year, $193 million contract extension, ESPN's Adrian Wojnarowski reported Saturday.  

The extension is the maximum a player can have added to his rookie contract and could be worth a reported $231m.  

The deal is the largest in franchise history.  

Garland scored 21.7 points per game last season and averaged 8.6 assists, helping to guide Cleveland to a resurgence.

With a 44-38 record, 2021-22 was the Cavs' first winning season without LeBron James since 1997-98.  

Garland, 22, is now locked into a promising young core that includes 21-year-old Evan Mobley and 24-year-old Jarrett Allen in the frontcourt.

The Cavs drafted Garland fifth overall in 2019, and the point guard was named to his first All-Star team last season.

The Golden State Warriors have signed free agent Donte DiVincenzo to a two-year, $9.3million deal – with the second year being a player option.

DiVincenzo, 25, was a first-round draft pick by the Milwaukee Bucks in 2018 after winning his second NCAA Championship on the same Villanova team as Mikal Bridges and Jalen Brunson, earning the Final Four's Most Valuable Player in the 2018 title.

He found a role immediately with the Bucks, and went on to start in all 66 of his regular season appearances in their championship season in 2021, before getting injured in the first round of the playoffs.

In that season, he averaged 10.4 points, 5.8 rebounds and 3.1 assists per game while shooting 38 per cent from long range, proving himself as a strong complementary piece that can provide above average wing play on both ends of the floor.

During the Bucks' championship run, Pat Connaughton usurped DiVincenzo's role, with Milwaukee opting to trade him just two months after he returned from his six-month injury layoff.

While he was never able to truly fit in with the Sacramento Kings after arriving mid-season, he still averaged 18 points, 8.1 rebounds, 6.4 assists and 2.7 steals per 100 possessions in his 25 games off the bench – all career-high marks.

For the Warriors, DiVincenzo figures to fill important minutes after the departures of both Gary Payton II to the Portland Trail Blazers and Otto Porter Jr to the Toronto Raptors.

The Utah Jazz are trading center and three-time Defensive Player of the Year Rudy Gobert to the Minnesota Timberwolves, ESPN's Adrian Wojnarowski reported on Friday.  

Utah will receive multiple first-round picks in return for the three-time All-Star, along with Malik Beasley, Patrick Beverley, Walker Kessler, Jarred Vanderbilt and Leandro Bolmaro.  

ESPN reported that the Timberwolves are sending its 2023, 2025 and 2027 picks unprotected and a top-five protected 2029 pick to Utah.  

The news comes a day after the Timberwolves and star Karl-Anthony Towns agreed to a four-year, $224million contract extension, giving Minnesota one of the most decorated frontcourts in the NBA.  

A busy offseason continues for Timberwolves president Tim Connelly, who took over basketball operations this offseason after building the Denver Nuggets into a contender.  

Gobert led the league last season by grabbing 14.7 rebounds per game. Fellow All-Star Towns ranked 14th at 9.8 rebounds per game.  

Gobert's departure marks the end of an era for Utah, which peaked in 2020-21 when they secured the West's No. 1 seed but were ousted by the Los Angeles Clippers in the second round of the playoffs.  

The Jazz went 49-33 last season, losing in the first round to the Dallas Mavericks. The team will now look to rebuild around three-time All-Star guard Donovan Mitchell.  

Gobert has spent all nine of his NBA seasons in Utah, who drafted him 27th overall in 2013. He has averaged 12.4 points, 11.7 rebounds and 2.2 blocks in 611 career games.  

Minnesota, who ranked 24th in the league last season by allowing 113.3 points per game, immediately projects to be stingier with Gobert, who was named the NBA's top defender three times in four seasons from 2017-2021.  

Last season, the Timberwolves secured the No. 7 seed in the play-in tournament but fell to the Memphis Grizzlies in the first round in six games.  

The Golden State Warriors have retained a key member of their NBA championship team by agreeing to a three-year, $25.5million contract with forward Kevon Looney, ESPN reported on Friday.

A first-round pick of the Warriors in 2015, Looney started a career-high 80 regular-season games in 2021-22 and emerged as a valuable complementary contributor to Golden State's fourth NBA title in eight years.

The 26-year-old averaged just 6.0 points per game during the regular season but was among the Warriors' top rebounders at 7.3 per game while providing a strong interior defensive presence.

Looney also chipped in a couple of standout performances during Golden State's title run. The seven-year veteran grabbed 22 rebounds – one short of a franchise single-game postseason record – in a series-clinching Game 6 win over the Memphis Grizzlies in the second round, then later amassed 21 points on 10-of-14 shooting along with 12 boards in a Game 2 victory over the Dallas Mavericks in the Western Conference Finals.

Keeping Looney was a top priority for the Warriors, who will be losing two other important rotation players in free agency in forward Otto Porter Jr. and guard Gary Payton II.

Porter agreed to a two-year contract with the Toronto Raptors, according to Yahoo Sports, while The Athletic reports that Payton will sign a three-year, $28 million deal with the Portland Trail Blazers.

The Indiana Pacers have agreed to trade point guard Malcolm Brogdon to the Boston Celtics, ESPN's Adrian Wojnarowski reported on Friday, bolstering the backcourt of the reigning Eastern Conference champions. 

Indiana are getting a 2023 first-round draft pick from the Celtics, along with Daniel Theis, Aaron Nesmith, Nik Stauskas, Malik Fitts and Juwan Morgan. 

The Celtics set out to find a traditional point guard this offseason after last season's NBA Finals run came up short largely due to a high turnover rate.  Boston committed 353 turnovers during their 24-game playoff run, the most since the 2003 San Antonio Spurs (365). 

Jayson Tatum was responsible for 100 of those turnovers, the most by a player in a single postseason since the league started tracking turnovers in 1977-78.

Brogdon averaged 19.1 points, 5.1 rebounds and 5.9 assists last season for Indiana but was limited to just 36 games by a lingering injury to his right Achilles tendon. 

A second round pick out of Virginia, Brogdon spent his first three seasons with the Milwaukee Bucks and won Rookie of the Year in 2016-17. He has spent the past three seasons with the Pacers. 

Even after acquiring Brogdon, Boston top executive Brad Stevens may not be done adding to the Celtics' roster.

ESPN reported earlier on Friday that veteran forward Danilo Gallinari – who was traded to the Spurs and was then to be waived – has identified Boston as his preferred landing spot.