UNDATED (AP) _ The Golden State Warriors have reason to smile again after losing All-Star forward Kevin Durant to a free-agent contract with the Brooklyn Nets on Sunday.
All-Star guard Klay Thompson has announced on Instagram that he is staying in the Bay Area. He is expected to sign a five-year max contract for $190 million when the NBA free agent moratorium period ends, remaining with Golden State just as he had hoped all along.
Thompson had been scheduled for surgery this past week for a torn ACL in his left knee after he was injured during a Game 6 loss to the Toronto Raptors in the NBA Finals.
Also around the NBA:
The Minnesota Timberwolves made their first moves of free agency on Monday, July 1, bolstering their frontcourt depth and creating some financial flexibility.
Minnesota agreed to a one-year, minimum-salary contract with forward Jordan Bell, a source confirmed.
Bell spent his first two NBA seasons in Golden State, helping the Warriors advance to consecutive NBA Finals and winning a title in 2018.
_ The Miami Heat have completed agreements to land Jimmy Butler from the Philadelphia 76ers in a four-team swap with the Clippers and Trail Blazers. The Heat also receive Meyers Leonard, the Blazers get Hassan Whiteside, the Clippers pick up Moe Harkless and a future first-round pick, and the 76ers acquire Josh Richardson.
_ Kyrie Irving says his decision to join the Nets is about wanting to play at home. His representatives say the All-Star point guard has agreed to a four-year, maximum contract with the Nets after two seasons in Boston.
_ Two people with knowledge of the deal say Seth Curry and the Mavericks have agreed on a four-year, $32 million package. Curry had the best season of his career with the 2016-17 Mavs, averaging career highs of 12.8 points, 2.7 assists and 29 minutes per game.
_ Versatile guard Tomas Satoransky says he is headed to the Bulls after averaging career highs of 8.9 points, 5.0 assists and 3.5 rebounds in 80 games with Washington last season.
_ A person familiar with the situation says the Pelicans have acquired veteran center Derrick Favors from the Jazz for a pair of second-round draft choices.
_ A person with knowledge of the details says the Knicks have agreed to a two-year deal with guard Elfrid Payton after signing Wayne Ellington. Payton was limited to 42 games last season because of injuries, averaging 10.6 points and 7.6 assists.
Previously…
UNDATED (AP) _ Kevin Durant is on the move, Khris Middleton is staying put and Damian Lillard is going nowhere after the NBA free agent frenzy began on Sunday.
Durant says on Instagram that he has worked out a max deal of four years and about $164 million with the Nets. The All-Star forward could have gotten five years and $221 million from the Warriors if he stayed with them.
Middleton plans to agree to a five-year deal worth nearly $179 million to remain with the Bucks. Bucks general manager Jon Horst confirmed an agreement has been reached with Middleton.
A person with knowledge of the negotiations says Lillard and the Trail Blazers have agreed on a four-year Supermax extension that will be worth nearly $200 million. The Blazers will pay Lillard $29.8 million next season and $31.6 million in 2020-21, according to the source.
No deals can be signed until July 6 because of the league’s annual moratorium.
In other free-agent contract news:
Kemba Walker will reportedly sign with the Celtics.
_ DeAndre Jordan will get a chance to play with Durant after accepting a package from Brooklyn. Agent Jeff Schwartz confirmed that Jordan was changing New York teams after ESPN reported he would get a $40 million, four-year deal.
_ Milwaukee says it is keeping center Brook Lopez after working out a deal that ESPN says is worth $52 million over four years. Lopez averaged 12.5 points in his first year with the Bucks last season, setting a league mark for seven-footers with 187 3-pointers.
_ A person familiar with the negotiations says Tobias Harris has agreed to a $180 million, five-year contract with the 76ers. Harris averaged 20 points and 7.9 rebounds with the Clippers and Sixers last season.
_ A person with knowledge of the deal says the Dallas Mavericks and Kristaps Porzingis have agreed on a $158 million, five-year maximum contract that will pair the 7-foot-3 Latvian with fellow Euro star Luka Doncic.
_ Two people familiar with the situation say the Pelicans and free agent JJ Redick have agreed on a two-year contract worth about $26.5 million.
_ A person with knowledge of the situation says Jonas Valanciunas (YOH’-muhs val-ehn-CHOO’-nuhs) has agreed to a three-year, $45 million package to remain with the Grizzlies.
_ A person aware of the situations says Bojan Bogdanovic (BOY’-ahn bahg-DAH’-noh-vihch) is signing a four-year, $73.1 million deal with the Jazz.
_ A person with knowledge of the situation says Ricky Rubio is going to the Suns on a three-year, $51 million pact.
_ A person with knowledge of the negotiations says Malcolm Brogdon is going from the Bucks to the Pacers and will wind up signing a four-year, $85 million contract. Brogdon will be traded to Indiana for a 2020 first-round draft pick and consideration for two other future second-round picks.
A person with knowledge of the negotiations says Harrison Barnes has told the Kings that he is agreeing to stay with them on a four-year deal worth about $85 million.
_ A person with knowledge of the situation says the Magic are keeping both All-Star forward Nikola Vucevic and guard Terrence Ross on four-year deals. Vucevic will earn $100 million and Ross is guaranteed $54 million.
_ A person familiar with the situation says the 76ers have agreed to sign Al Horford to a four-year, $109 million contract with $97 million guaranteed.
_ Two people with knowledge of the details say the Knicks have agreed to a deal with forward Julius Randle.
