The Milwaukee Bucks stunned the NBA this summer by waiving Damian Lillard and stretching the remaining $113 million on his contract over the next five years. Now, he could join another playoff-caliber team in the Eastern Conference.

To officially sign Myles Turner, the Bucks needed to create some cap space. They did that by waiving nine-time All-Star point guard Damian Lillard and Vasilije Micić, two moves that became official Monday.

The Magic have quietly put together an enticing collection of young talents, spearheaded by All-Star-caliber wings Paolo Banchero, Franz Wagner and Desmond Bane. They look well-equipped to push for a top-four place in the Eastern Conference standings in 2025-26 season and beyond.

Damian Lillard never expected to be a free agent this summer. The Milwaukee Bucks had other plans, pulling off a bold scheme to waive-and-stretch Lillard to open up the cap space to sign Myles Turner away from the Indiana Pacers.

Paolo Banchero will keep one of his teammates for the upcoming season, despite that player suffering an ACL tear that had put his future with the Orlando Magic in question. The team has now given him another shot with a $5 million contract.

With the NBA offseason underway, this is your one-stop shop for following all the rumors and drama that makes this league so unpredictable.

Milwaukee initially traded former 2021 champion shooting guard Pat Connaughton, now out of head coach Doc Rivers' rotation, plus second round picks in 2031 and 2032 to the Charlotte Hornets in exchange for Micić. The deal saved the Bucks $1.1 million (Connaughton picked up his $9.2 million player option earlier this summer).

Paolo Banchero has checked a lot of boxes since joining the Orlando Magic. Won rookie of the year, been an All-Star, helped the team to the playoffs twice.

Orlando Magic The Magic have quietly put together an enticing collection of young talents, spearheaded by All-Star-caliber wings Paolo Banchero, Franz Wagner and Desmond Bane.

Banchero is eligible for a five-year, $239 million rookie max extension, writes Marks. He'll get every penny of that max value. Banchero, who turns 23 in November, has been as advertised after being the No. 1 overall pick in 2022 out of Duke. MORE: Lakers make 'insane' decision that could jeopardize future with LeBron, Luka