2021 NBA Free Agency: Odds Changes, List of Transactions
Photo by Michael Reaves/Getty Images. Pictured: Pat Riley
- Team odds have moved most substantially in the Eastern Conference, where the Heat and Bulls have made major transactions.
- The Heat agreed to deals with Kyle Lowry and PJ Tucker. Miami also re-signed Jimmy Butler and Duncan Robinson.
- Chicago are set to acquire Lonzo Ball and DeMar DeRozan in separate sign-and-trade deals. They also agreed to a deal with Alex Caruso.
As with every year, the NBA’s landscape has changed precipitously in just the first few days of free agency.
The Heat had the splashiest opening day after they signed former All-Star guard Kyle Lowry and defensive stalwart PJ Tucker while also re-upping with restricted free agent Duncan Robinson and All-NBA forward Jimmy Butler.
The Bulls, too, nabbed headlines after acquiring Lonzo Ball in a sign-and-trade and picking up free agent Alex Caruso. Then, the following day, they reportedly acquired DeMar DeRozan in a sign-and-trade with the San Antonio Spurs.
At DraftKings, both teams’ odds to win the 2022 NBA Championship shortened considerably. Miami moved from +3500 to +2700 before settling at its current mark at 28/1.
Chicago’s line shortened from 100/1 to 80/1 in the aftermath of the Ball and Caruso signings. Then, they. moved down to 60/1 after the DeRozan news.
They were the only two teams at the sportsbook to have their futures odds change.
FanDuel shortened Miami’s odds by more than half — the Heat are now 16/1 to win it all after having been as long as 35/1 hours before the start of free agency.
The Bulls saw their odds shorten from 120/1 to 60/1 at the sportsbook before settling at 70/1 as of Wednesday.
Generally, odds shuffled all over the place at FanDuel. The Los Angeles Lakers’ odds shortened from +440 to +370; the Milwaukee Bucks’ line shortened from +850 to +800; the Golden State Warriors’ line shortened from +1300 to +1100; and the Denver Nuggets are now +1700 to win it all after having been +2400.
The only teams at the sportsbook that saw their odds worsen were two Eastern Conference teams: the Philadelphia 76ers (16/1 to 18/1) and Atlanta Hawks (35/1 to 37/1). The Hawks’ odds dropped even amid news that Trae Young officially re-signed his five-year maximum extension worth $207 million and that John Collins re-signed at a five-year, $125 million clip.
Most Western Conference contenders such as the Los Angeles Clippers (+1300), Phoenix Suns (+1300) and Dallas Mavericks (+3000) saw their lines stay the same at FanDuel.
We will update this story with odds updates as players continue to be plucked out from free agency.
Below is a list of other major transactions that have reportedly occurred since free agency opened.
Third Day (Aug. 4) NBA Free Agency Transactions
- Kemba Walker’s contract was reportedly bought out by the Thunder and he agreed to a deal with the Knicks.
- The Magic agreed to a deal with Moe Wagner, joining him with his brother, No. 8 overall pick Franz Wagner.
- John Collins agreed to a five-year, $125 million deal to remain with the Hawks.
- Enes Kanter agreed to a deal with the Celtics.
- Victor Oladipo agreed to return to the Heat.
- Spencer Dinwiddie reportedly joined on a three-year, $62 million deal with the Wizards in a sign-and-trade.
Second Day (Aug. 3) NBA Free Agency Transactions
- Steph Curry agreed to a four-year, $215M contract extension with the Warriors.
- Carmelo Anthony will join the Lakers on a one-year deal.
- Patty Mills agreed to a two-year, $12 million with the Nets.
- Andre Drummond agreed to a deal with the 76ers.
- Rudy Gay will sign a two-year, $12 million deal with the Jazz with a player option for the second year.
- George Hill agreed to return to the Bucks.
- Markieff Morris agreed to a deal with the Heat.
- Robin Lopez agreed to a deal with the Orlando Magic.
First Day (Aug. 2) NBA Free Agency Transacations
- Chris Paul agreed to re-sign with the Suns to a four-year contract that could be worth up to $120 million.
- Shai Gilgeous-Alexander agreed to a five-year, $172 million max extension with the Oklahoma City Thunder.
- Derrick Rose agreed to re-sign with the New York Knicks with a three-year, $43 million contract.
- Tim Hardaway Jr. agreed to a four-year, $74 million deal with the Mavericks.
- Evan Fournier agreed to a four-year, up to $78 million deal with the Knicks.
- Blake Griffin agreed to re-sign with the Brooklyn Nets for a season.
- Richaun Holmes agreed to a four-year deal with the Sacramento Kings that could be worth as much as $55 million.
- Jarrett Allen agreed to re-sign with the Cleveland Cavaliers on a five-year, $100 million deal.
- Two former Lakers reportedly returned to the team. Both Dwight Howard and Trevor Ariza agreed to one-year deals.
- Jeff Green agreed to a two-year, $10 million deal with the Denver Nuggets.
- Mike Conley agreed to re-sign with the Utah Jazz on a three-year, $72.5 million contract.
- Devonte’ Graham agreed to a four-year, $47 million sign-and-trade with the New Orleans Pelicans.
- TJ McConnell agreed to a four-year, $35 million deal with the Indiana Pacers.
- Doug McDermott agreed to a three-year, $42 million contract with the San Antonio Spurs.
- JaVale McGee agreed to a one-year, $5 million deal with the Suns.
- Nicolas Batum agreed to re-sign with the Clippers for two years.
- Nerlens Noel agreed to a three-year, $32 million deal with the Knicks.
- Cameron Payne agreed to a three-year, $19 million contract with the Suns.
- Will Barton agreed to a two-year, $32 million deal with the Nuggets.
- Alec Burks agreed to a three-year, $30 million contract with the Knicks.
- Boban Marjanovic agreed to sign with the Mavericks.
- Reggie Bullock agreed to a three-year, $30.5 million deal with the Mavericks