LeBron James has yet to make a decision on his $51.4 million player option with the Los Angeles Lakers for the 24-25 season, sources tell The Athletic.

James can opt-in or he can opt-out and become a free agent. If James were to have interest in playing for another team, the opt-in could be attractive as it would allow him to maintain his salary via trade. There are a limited number of teams with sufficient cap space to sign James to a contract anywhere close to his $51.4 million option.

James is expected to play up to two more seasons in the NBA.

The New York Knicks can offer Jalen Brunson a four-year, $156 million contract extension this offseason and Newsday reports he is expected to sign it.

The extension will remove the fourth season from his current deal and tie him to the Knicks for the next five seasons.

Brunson could alternatively wait one offseason and sign a five-year, $270 million extension in the summer of 2025.

The Knicks signed Brunson during the 2022 offseason on a four-year, $107 million deal.

The Orlando Magic have interest in signing D'Angelo Russell this offseason, sources tell Kelly Iko of The Athletic.

Russell has an $18.7 million player option for the 24-25 season with the Los Angeles Lakers that he is expected to decline.

Russell outperformed expectations with the Lakers this past season and would give the Magic a point guard capable of playing off the ball as a spot-up shooter.

The Cleveland Cavaliers are increasingly expected to sign Evan Mobley to a max contract extension this summer, according to Marc Stein of The Stein Line.

The Cavs are also growing confident of signing Donovan Mitchell to a contract extension. 

Mobley's agents reportedly cautioned the Cavs about drafting the player with the third pick of the 2021 NBA Draft.

Should the Cavs succeed in re-signing both Mobley and Mitchell, Jarrett Allen would be a trade target for teams around the league. 

The Orlando Magic enter an offseason with substantial cap space and future draft capital that could allow them to build out their roster around Paolo Banchero.

While the Magic could theoretically add a guard that can stretch the floor be dynamic with the ball, they would only want to do in a way that doesn't compromise their defense.

“[The front office] wants two-way guys who add to what we already have in terms of our defensive identity, length and versatility,” Banchero said in a profile by Ben Golliver of the Washington Post. “Shooting is a big part of what we need to improve on, whether we go and get somebody or try to develop guys. I don’t know which way they’re going to approach that. And having a guy who can set the table and be reliable. We have a lot of talented guys who can make shots and make plays: me, Franz [Wagner] and Jalen Suggs. I would rather be more of an offensive hub than the point guard, if that makes sense.”

Banchero averaged 22.6 points, 6.9 rebounds and 5.4 assists in the regular season, but he increased that production in the playoffs by posting 27.0 points, 8.6 rebounds and 4.0 assists per game.

The future of Donovan Mitchell with the Cleveland Cavaliers will likely be settled this offseason as faces a decision about an extension with the franchise. If Mitchell declines an extension offer, he could become a free agent in 2025.

"I reached out to Donovan Mitchell today," said Adrian Wojnarowski on NBA Countdown. "And he was emphatic in telling me that he is not disgruntled with anyone or anything in Cleveland. In fact, he said to me 'I am happy in Cleveland. I've been happy since I arrived in Cleveland.'

"He thinks this team has made progress this season. Obviously, winning that best of seven first round series against the Magic to get to the Conference Semifinals for the first time since 2018.

"But as he said, he's not in this to go to the second round of the Eastern Conference playoffs."

Mitchell will be offered an extension by the Cavaliers this offseason.

"Donovan Mitchell knows the question that is coming for him now in this offseason about his future in Cleveland. He said 'I know I've got decision to make this offseason. My agent and I will talk to Cleveland about that at the right time.'

"[Mitchell] emphasized 'I'm not leaving this season unhappy. I'm leaving it more determined.'"

This offseason, the Cavaliers could also consider parting ways with J.B. Bickerstaff as head coach and a trade of Darius Garland if Mitchell agrees to extend. 

After missing the playoffs in 2023, the Dallas Mavericks reshaped their roster and are one win away from returning to the Western Conference Finals. There were fears that Luka Doncic could request a trade as early as the 2024 offseason if significant improvement didn't occur and those concerns now appear to be put to rest.

Dallas remade their roster over the past 15 months with trades for Kyrie Irving, P.J. Washington and Daniel Gafford, while also drafting Dereck Lively II and signing Derrick Jones Jr.

"This team is special," Doncic said. "We've only been together for what, five months, and I'm having a lot of fun with this team."

Doncic will be eligible to sign a supermax extension with the Mavericks during the 2025 offseason.

While rival teams are monitoring the potential availability of Donovan Mitchell via trade this offseason, The Athletic reports "there is a growing sentiment around the league" that the Cleveland Cavaliers will sign him to an extension this offseason.

“Donovan is playing for his legacy as a winner; that’s all he wants to do,” one teammate said earlier in the season.

Mitchell is eligible for a four-year extension this offseason worth as much as $208.5 million. Mitchell can become a free agent in 2025 if he doesn't sign an extension. The Cavaliers acquired Mitchell from the Utah Jazz before the 22-23 season where they sent out Lauri Markkanen, Collin Sexton and significant future draft capital. 

The Cavaliers could look different around Mitchell with a potential dismissal of J.B. Bickerstaff as head coach and trade of Darius Garland.

Jonas Valanciunas will not return to the New Orleans Pelicans next season, according to Michael Scotto of the HoopsHype Podcast.

Valanciunas is not seen as a fit on the roster next to Zion Williamson.

Brandon Ingram is also considered likely to be traded by the team this offseason.

The future of Jimmy Butler with the Miami Heat has come into question after he missed their first round series against the Boston Celtics and is eligible in July for a contract extension worth up to $112.9 million over two seasons. Pat Riley was publicly non-committal on the possibility of an extension for Butler when he addressed the media this week.

"He has clearly wanted to be in Miami," said Shams Charania. "He has seen that as a perfect marriage of sorts."

The Heat tried to trade for Damian Lillard last offseason to improve their roster around Butler and Bam Adebayo. There are questions of whether the Heat roster is good enough to continue competing at a championship level as Butler ages. 

"It is interesting the back and forth that we're seeing, but I think Jimmy Butler has always made it clear he wants to be in Miami long-term, it's going to be about will they be able to pay him what he wants," said Charania.