NBA offseason is here, and Bleacher Report is ready to guide you through all the chaos with instant reactions to free-agency signings, trades, releases and more.

12:15 p.m. ET: Los Angeles Lakers forward Dorian Finney-Smith is declining his $15.4 million player option for the 2025-26 season and will enter free agency, sources told ESPN's Shams Charania. Multiple contending teams are expected to pursue Finney-Smith beginning Monday night, and a Lakers return is possible.

This post will keep track of every NBA free agent signing and trade in 2025, starting with the deals that already happened. Remember: the contracts agreed to this week can’t go official until June 6.