NBA Free Agency Opens June 30: How the Morant Trade, Early Signings and Championship Betting Odds Are Shaping Up

NBA free agency officially opens Tuesday, June 30 at 6 PM ET, but the offseason has been anything but quiet in the days leading up to it. The Ja Morant trade to the Portland Trail Blazers, a series of veteran extensions and signings, and the looming decisions around Draymond Green, Kawhi Leonard, and Jaylen Brown have made this one of the more eventful pre-free agency windows in recent memory. Championship futures markets at major sportsbooks are already reflecting the changes.

The Morant trade is the headline. The Memphis Grizzlies sent the former All-Star point guard to Portland in exchange for Jerami Grant and Kris Murray. Morant, who teams up with Damian Lillard in a dynamic new backcourt, gives the Trail Blazers a compelling case as a legitimate playoff contender in the Western Conference. Sportsbooks trimmed Portland’s championship odds immediately after the deal, and DFS players on DraftKings and PrizePicks will find a new lineup calculation when projecting Morant’s usage and role in Portland’s offense.

Notable Pre-Free Agency Agreements

Several significant deals have been agreed to before official free agency opened. Kristaps Porzingis is returning to the Golden State Warriors on a two-year, $40 million contract. Andrew Wiggins has opted into his $30.2 million Heat option and extended through 2029 on a three-year, $64 million total deal. Julian Champagnie earned a three-year, $45 million deal from the San Antonio Spurs after a strong playoff performance. Trae Young agreed to a stunning four-year, $212 million contract with the Washington Wizards after being moved from Atlanta. Austin Reaves re-upped with the Los Angeles Lakers on four years and $185 million.

The Pistons re-signed Kevin Huerter for three years and $27 million. The Warriors are bringing Porzingis back. The Jazz locked up Jusuf Nurkic for two years and $22 million. These deals — finalized before a single player was allowed to officially sign on the open market — set the stage for a frenzied opening to free agency proper.

Championship Odds and Key Names to Watch

The Oklahoma City Thunder and Boston Celtics entered free agency as the two leading title favorites. Oklahoma City, coming off a strong regular season, is expected to be aggressive in adding to its core. The Celtics have multiple roster questions to address, with Jaylen Brown’s name circulating in trade discussions despite not being an unrestricted free agent.

Draymond Green declined his $27.7 million option with Golden State, making him a free agent and setting up a highly anticipated recruitment process. The Lakers are among his reported suitors. Kawhi Leonard, another highly anticipated free agent name, will also see significant market attention. Jalen Duren of Detroit, a restricted free agent, has expressed a desire to explore other options through a potential sign-and-trade, with the Kings and Lakers both reported to be interested.

For DFS players using Underdog Fantasy and similar platforms, the roster movement over the next several days will dramatically reshape projection models for the 2026-27 season. Following the free agency tracker and monitoring championship futures at FanDuel Sportsbook provides the most real-time read on how the market is assessing each team’s improved or diminished title chances.