The Indiana Pacers have agreed upon a three-year, $22 million deal with Doug McDermott.

The Dallas Mavericks rescinded their qualifying offer to McDermott to allow him to become an unrestricted free agent.

Nikola Jokic has agreed to a five-year, $146.5 million deal with the Denver Nuggets.

The Nuggets declined their team option on Jokic to allow him to become a restricted free agent.

Jokic was widely expected to re-sign with the Nuggets.

The San Antonio Spurs and Rudy Gay have agreed upon a one-year, $10 million deal.

Gay initially signed with the Spurs in the 2017 offseason.

Paul George has committed to re-sign with the Oklahoma City Thunder on a four-year, $137 million deal. George will have a player option in Year 4. 

The new Collective Bargaining Agreement allows George to extend after the second anniversary of the deal, so George can sign a five-year max in 2020 that essentially makes this deal a seven-year, $290 million contract based on future cap projections.

The Thunder acquired George from the Indiana Pacers last June 30th in exchange for Victor Oladipo and Domantas Sabonis.

The Los Angeles Lakers were linked with George for over a year, but he re-signed with the Thunder without even meeting with his hometown franchise.

"It lines him up with Russell Westbrook," said Adrian Wojnarowski.

Paul George is expected to agree to re-sign with the Oklahoma City Thunder.

George was connected to the Los Angeles Lakers for more than a year, but it appears as though he will commit to the Thunder without even taking a meeting with his hometown team.

The Thunder are holding a party at the house of Russell Westbrook on the eve of free agency opening.

"This is a friendship decision to stay in OKC as much as anything," one rival executive said about the friendship between George and Westbrook.

The Los Angeles Lakers and San Antonio Spurs are reportedly slow-playing their negotiations on a trade involving Kawhi Leonard.

"The Lakers have not acted with great urgency," said Adrian Wojnarowski.

LeBron James may have to commit to the Lakers without an assurance that they will sign or trade for another star.

Will Barton and the Denver Nuggets are expected to agree upon a four-year, $54 million deal at the start of free agency. The deal will contain a player option in Year 4.

Barton signed a three-year, $10.6 million deal with the Nuggets.

Barton averaged 15.7 points, 5.0 rebounds and 4.1 assists in 33.1 minutes per game last season with the Nuggets.

The Los Angeles Lakers have interest in signing DeMarcus Cousins on a short-term contract, according to sources.

The Lakers are now expected to not be successful in signing Paul George with momentum for him to re-sign with the Oklahoma City Thunder.

Cousins is rehabbing a torn Achilles.

LeBron James is known to be a long-time admirer of Cousins.

The Cleveland Cavaliers, Golden State Warriors, Oklahoma City Thunder and Washington Wizards made luxury tax payments this season.

The Cavaliers paid the most at $50.7 million, followed by the Warriors at $32.3 million, the Thunder at $25.4 million and the Wizards at $7 million.

The Chicago Bulls and Dallas Mavericks were surcharged for being below the minimum team salary.

Kevin Durant has agreed to sign a two-year, $61.5 million max contract with the Golden State Warriors.

Durant will have a player option in Year 2 of the deal.

Durant will make $30 million in Year 1 and $31.5 million in Year 2.

Durant will likely become a free agent in 2019 and sign a multi-year deal starting around $38 million.