Overview

• Kevin Durant has named the Miami Heat, San Antonio Spurs and Houston Rockets as his preferred landing spots and potential long-term extensions.
• Phoenix has signaled a willingness to accept any offer that delivers impact players and draft capital, downshifting its initial asking price to speed up negotiations.
• Durant’s expiring $54.7 million contract for 2025-26 includes eligibility for a two-year, up to $122 million extension if a trade closes by July 6.
• Three of the first-round picks Phoenix surrendered in the 2023 deal that brought in Durant are now held by Houston, enhancing the Rockets’ trade leverage.
• The Minnesota Timberwolves remain in discussions but have ruled out trading rising defender Jaden McDaniels, limiting their package flexibility.