The official negotiation period for NBA free agency began at 6:00 PM ET on Friday, prior to the league’s annual moratorium period starting at 12:00 AM on Saturday. Agreements can be reached during this period but cannot be officially signed until Thursday.
Although this year’s list of free agents does not contain many star players like in previous years, there is likely to be a lot of player movement through trades, as we have seen in recent offseasons.
Among the notable names becoming free agents is Toronto Raptors point guard Fred VanVleet, who has agreed to a three-year contract worth $130 million with the Houston Rockets. Point guard Kyrie Irving has extended his contract with the Dallas Mavericks for three years worth $126 million.
A player becomes an unrestricted free agent (UFA) when they are not under contract and are free to sign with any NBA team without obligations to their previous team. A restricted free agent (RFA) is still under the control of their current team, but they are not on the player roster and are free to seek offers from other teams.
However, before an RFA can accept an offer from another team, the current team must have the opportunity to match the offer in order to retain the player. If the current team matches the offer, then the player must remain with the current team.
To keep you informed, our NBA insider team will pursue every up-to-date information to provide the latest news and reports on the NBA free agency movements of 2023.
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