The 2021 NBA free agency is off to an electric start, with several teams making big moves to position themselves for a successful 2021-22 season. The majority of the big-name free agents are already off the board, with some of them making surprising and unexpected decisions. Let’s check out the biggest deals and moves.
DeMar DeRozan Joins the Bulls
After spending the previous three seasons with San Antonio Spurs, four-time All-Star guard DeMar DeRozan is off to a new challenge. DeRozan is joining the Chicago Bulls in a sign-and-trade deal that will see him earn $85 million in the next three years. For their role in the deal, the Spurs gained Thaddeus Young, Al-Farouq Aminu, one first-round pick, and two second-rounders.
DeRozan finished the season averaging 21.6 points, 4.2 boards, and career-high 6.9 assists per game. The 32-year-old guard is expected to lead a revamped Bulls team that also signed guard Lonzo Ball on a four-year, $85 million deal and guard Alex Caruso on a four-year, $37 million contract.
Chris Paul Re-Signs With the Suns
After leading the Phoenix Suns to the NBA Finals in 2020-21, Chris Paul decided to run it back with the franchise by inking a new four-year, $120 million contract. Paul, who earned All-Star and All-NBA nods last season, previously declined his $44 million option for 2021-22.
Suns previously also picked up Landry Shamet from the Brooklyn Nets in a trade that saw them give up Jevon Carter and the No. 29 pick in the 2021 NBA Draft.
Kyle Lowry Headed to Miami
The Miami Heat made a big addition to their roster as well, signing All-Star guard Kyle Lowry to a three-year, $90 million contract. Lowry joins from the Toronto Raptors in a sign-and-trade deal that will see the Heat sending Precious Achiuwa and Goran Dragic in exchange.
Lowry was courted by multiple NBA teams in the free agency but was interested only in the Heat as he wanted to play with Miami’s All-Star forward Jimmy Butler.
Miami made several other moves in the first days of free agency, agreeing to a five year, $90 million extension with sharpshooter Duncan Robinson, and resigning Victor Oladipo.
Lakers Get Carmelo Anthony, Add Several Others
The blockbuster trade for superstar Russell Westbrook left the Lakers with only five players under contract. Still, general manager Rob Pelinka quickly filled out the roster with veterans and young players through free agency.
The biggest news is definitely the addition of Carmelo Anthony, who signed on a one-year, veteran’s minimum contract. After being almost out of the league in 2019, Melo bounced back with two successful seasons in Portland and will now have a chance to compete for an NBA Championship with one of his best friends in LeBron James.
Lakers also added veterans Dwight Howard, Trevor Ariza, Wayne Ellington, and Kent Bazemore while signing pair of young and prospective players in Kendrick Nunn and Malik Monk. They also re-signed restricted free agent Talen Horton-Tucker.
