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Bruno Fernando has agreed to terms with the Houston Rockets on a four-year deal worth $10.9 million as reported by ESPN Senior NBA Insider Adrian Wojnarowski. (Source: Adrian Wojnarowski on Twitter)

Fantasy Impact: Fernando’s current two-way contract will be converted to this new four-year deal. The Maryland-product averaged 6.9 points, 4.0 rebounds, and 0.8 blocks across 10 games for Houston last season. Fernando will add more frontcourt depth to the Rockets and could compete for meaningful minutes on this Houston squad.

Blake Griffin has agreed to a one-year contract with the Boston Celtics. (Source: Adrian Wojnarowski on Twitter)

Fantasy Impact: Griffin will provide Boston with a veteran boost, especially after off-season injuries to Danilo Gallinari and Robert Williams. The veteran forward does not offer much excitement in standard leagues, but could be worth a roster spot in deeper league formats at least early in the season for fantasy managers.

Derrick Favors has been traded to the Houston Rockets in an eight-player deal that also sends Ty Jerome, Moe Harkless, Theo Maledon, and a 2025 first-round pick in exchange for David Nwaba, Sterling Brown, Trey Burke, and Marquese Chriss. (Source: Adrian Wojnarowski on Twitter)

Fantasy Impact: He will provide excellent backup minutes at center in Houston behind Alperen Sengun. Favors had just exercised a $10.2 million player option with the Thunder this offseason. Favors averaged 5.3 points and 4.7 rebounds while shooting 51.6% from the field in 16.7 minutes while playing 39 games last season in Oklahoma City.

Jordan Nwora has signed a wo-year deal with the Milwaukee Bucks and, in the process, locks down Milwaukee's last open roster spot. (Source: Adrian Wojnarowski on Twitter )

Fantasy Impact: The third-year forward played well in a limited role for the Bucks last season, averaging 7.9 points, 3.6 rebounds, and 1 assist per game in 62 games for the Bucks with 13 starts. Given the players ahead of him on the depth chart, he’s more valuable to the real life basketball than fantasy basketball.

Dean Wade has signed a 3-year, $18.5 million extension with the Cleveland Cavaliers. This keeps him in Cleveland for the next four years. (Source: Adrian Wojnarowski on Twitter )

Fantasy Impact: Wade has been a solid role player for the Cavs the past two seasons, starting 47 games and averaging 3.2 rebounds, 1.1 assists, and 5.6 points per game over that same time span. There’s a chance he’ll have a chance to start as Cleveland’s second forward, but likely he’ll play behind Isaiah Okoro. Starting job or not, he’s locked into the Cavs for the long term and will be a valuable rotation piece. Fantasy managers should watch his progress as the offseason winds down in case he projects to garner more playing time.

The irony. After turning down a 4-year, $84 million contract with the Lakers in 2021 and betting on himself, free agency did not go his way, as he signed a one year, $6 million deal with the Celtics. Now, the Lakers get the guard at a massive discount compared to the deal he turned down just a year ago. (Source: Shams Charania via Twitter)

Fantasy Impact: Schroder has been lighting it up in EuroBasket for Germany, averaging 21.6 points, 7.3 assists, and 2.4 rebounds a game. Last season while playing for the Celtics and Rockets, Schroder averaged 13.5 points, 4.6 assists, and 3.3 rebounds a game, about on par with his career averages. The Lakers are retooling this off-season after a disappointing 2022, and it’s likely Schroder is a big part of the Lakers' backcourt rotation.

The Dallas Mavericks and Maxi Kleber are finalizing a three-year contract extension worth a reported $33 million according to The Athletic’s Shams Charania. (Source: Shams Charania on Twitter)

Fantasy Impact: Kleber was entering the final year of his deal but is now under contract in Dallas through the 2025-26 season. Kleber averaged 7.0 points, 5.9 rebounds, 1.2 assists, 1.0 blocks, and shot 32.5% from deep last season. Kleber will remain a key big man off the bench for Dallas and can contribute for fantasy managers in DFS tournaments and season-long formats alike.

Montrezl Harrel signed a two-year, $5.2 million deal with the Philadelphia 76ers on Tuesday. (Source: Adrian Wojnarowski on Twitter)

Fantasy Impact: Harrel will likely slide into the backup center role behind Joel Embiid in Philly next season. The former Sixth Man of the Year has experience playing under Doc Rivers with the Clippers and should bring a spark off the bench for a team in need of one. In the 2021-22 season, the center averaged 13.1 points and 6.1 rebounds per game on 64.5% from the field for the Charlotte Hornets.

G Ochai Agbaji is one of three players headed to Utah as part of the Donovan Mitchell trade, reports ESPN's Adrian Wojnarowski. (Source: Adrian Wojnarowski on Twitter)

Fantasy Impact: Agbaji, the 14th pick in the 2022 NBA Draft, is a highly regarded prospect coming out of Kansas and should provide some intriguing 3-D value on a Utah team desperate for talent. It's unclear whether or not he will have an established role from the jump, but his talent alone makes him someone fantasy managers should at least monitor as the season progresses.

F/C Lauri Markkanen is one of three players headed to Utah as part of the deal, as he will be joined by Collin Sexton and Ochair Agbaji on the Jazz. (Source: Adrian Wojnarowski on Twitter)

Fantasy Impact: Markkanen, a former top-10 pick, was once a highly touted prospect with the Chicago Bulls before joining Cleveland in 2021. However, in a crowded frontcourt, the 7-footer struggled to find consistent playing time at his natural position of power forward. He'll look to get more of those opportunities in a wide open Jazz roster in 2022.

Combo Guard Collin Sexton headlines the return package for the Utah Jazz in a deal that saw Donovan Mitchell get sent to Cleveland. (Source: Adrian Wojnarowski on Twitter)

Fantasy Impact: After a breakout 2020-21 season, Sexton played just 11 games this past season while he dealt with a torn left meniscus. The hope is that Sexton will be able to return to his former self in Utah and return to the budding star many saw in Cleveland. He proposes intriguing fantasy upside with little competition for shots along the rest of the Jazz roster.

Markieff Morris and the Brooklyn Nets are reportedly in agreement for a one-year deal for the 2022-23 season, pending his physical. (Source: Shams Charania on Twitter)

Fantasy Impact: With the latest news that Kevin Durant and Kyrie Irving are likely staying in Brooklyn for the time being, the team looks to be shifting towards building around those two stars. In 17 games with the Heat last season, the power forward averaged 7.6 points and 2.6 rebounds per game. Although he doesn't move the needle much in terms of fantasy outlook, the veteran brings championship pedigree as a solid role player off the bench.

RJ Barrett signed a massive 4-year, $120M rookie extension with the Knicks. The 3rd overall pick of the 2019 NBA Draft is staying in New York for the foreseeable future. (Source: Adrian Wojnarowski on Twitter )

Fantasy Impact: This effectively closes the door on the Donovan Mitchell trade, at least in trades that would have included Barrett. Now New York will have to find other ways to pry away Mitchell from the Utah Jazz, assuming they still want to. As far as Barrett goes, the Knicks have made him a foundational piece going forward, along with new addition Jalen Brunson. Last season Barrett averaged 5.8 rebounds, 3 assists, and 20 points per game. He’ll look to improve on those numbers as one of the focal points of the Knicks offense. With the extra confidence that has now been instilled in Barrett, fantasy managers should expect his ADP to rise come fantasy draft season.

Guard Joe Wieskamp is returning to San Antonio on a 2-year, $4.4M deal. (Source: Adrian Wojnarowski on Twitter )

Fantasy Impact: In 29 games last season for the Spurs, Wieskamp averaged just over two points, 0.5 rebounds and 0.3 assists per game in extremely limited minutes. After ping-ponging between the NBA and the G-League, the 2021 second-round pick will look to earn a role in the Spurs rotation in 2022-23. For fantasy players, he’s well off the board until that happens.

LeBron James has agreed to a two-year maximum contract extension worth $97.1 million dollars as reported by The Athletic’s Shams Charania. (Source: Shams Charania on Twitter)

Fantasy Impact: James played in just 56 games last season due tos an ankle injury but averaged 30.3 points, 8.2 rebounds, and 6.2 assists. His 30.3 point average would have finished just behind NBA scoring title winner Joel Embiid’s 30.6 had he played in just two more games to qualify. James is expected to pass Kareem Abdul-Jabaar for most career points in NBA history and will start the 2022-23 season just 1.325 points behind the legendary center. James is now under contract with the Lakers through the 2024-25 season and this extension will take him to the age of 40. It will also take him through his 22nd NBA season which will tie him with Vince Carter for most all-time.

Free agent forward Juancho Hernangomez is finalizing a one-year deal with the Toronto Raptors, sources tell ESPN per Senior NBA Insider, Adrian Wojnarowski. (Source: Adrian Wojnarowski via Twitter)

Fantasy Impact: Hernangomez jumped around the league last season, playing for three different teams before being waived by the Utah Jazz in June. He now lands in Toronto on what looks to be a one-year deal where he will more than likely serve as primarily a depth piece in a bench role, which doesn’t give him much fantasy appeal.

Mac McClung and the Golden State Warriors have agreed to a non-guaranteed one-year deal as reported by The Athletic’s Sham Charania. (Source: Shams Charania on Twitter)

Fantasy Impact: McClung averaged 13.4 points and 4.8 assists for the Warriors in summer league. McClung’s contract is not guaranteed but he will have a chance to make the Warriors roster out of training camp. McClung averaged 4 points and 1.5 rebounds in two games for the Lakers last season. McClung’s athleticism, explosiveness and ability to score in bunches could make him a big asset off the bench for the defending champs.

Guard Jeff Dowtin Jr has signed a two-way contract with Toronto. The Raptors now have both of their two-way contract spots filled with Dowtin and Ron Harper Jr. (Source: Shams Charania via Twitter)

Fantasy Impact: Dowtin flashed in the NBA Summer League, going for 16 points, 4 rebounds, and 4 assists across four games for Toronto, shooting 57% from the field and 36% from downtown. While he’s buried on the depth chart, Toronto lacked any sort of depth last season. That showed in the playoffs series against the Sixers when only 7 players played any meaningful minutes. If he can prove himself to be an impactful player, Dowtin could get a shot at extended minutes sooner rather than later.

Austin Rivers has agreed to a one-year deal with the Minnesota Timberwolves as reported by ESPN Senior NBA Insider Adrian Wojnarowski.

Fantasy Impact: Rivers averaged 6.0 points, 1.7 rebounds and 1.3 assists in 22.1 minutes across 67 games for Denver last season. Rivers made 18 starts for the Nuggets a year ago and will be a veteran presence in the back court rotation on a suddenly legitimate contender in Minnesota these days. Minnesota’s new president of basketball operations Tim Connelly signed Rivera to his last two contracts in Denver and made it three in a row on this deal with the Timberwolves.

Suns C DeAndre Ayton agreed to and signed a $133 million offer sheet from the Indiana Pacers. However, as was expected, the Suns matched almost immediately, and Ayton will stay in Phoenix. (Source: Shams Charania on Twitter)

Fantasy Impact: Ayton will continue his role as one of the Suns young stars. After falling short in an upset loss against the Mavericks in the playoffs, Phoenix is gearing up for another potential Finals run with Ayton, Chris Paul, and Devin Booker. Expect Ayton to continue giving you strong fantasy performances throughout next season.