NBA offseason is here, and Bleacher Report is ready to guide you through all the chaos with instant reactions to free-agency signings, trades, releases and more.

This post will keep track of every NBA free agent signing and trade in 2025, starting with the deals that already happened. Remember: the contracts agreed to this week can’t go official until June 6.

Although the NBA's 2025-26 Eastern Conference race looks wide open due to a rash of star injuries, the West picture takes on a different tone. There, a mass of hopeful contenders must chase down the champion Oklahoma City Thunder, who won the West by a record 16 games last season and have a sustainable roster built to repeat.

The league got the ball rolling on transactions early, but that doesn't mean things were quiet once the clock struck 6 p.m. Eastern

Perhaps no team in the NBA will have a more quiet free agency period than the reigning champion Oklahoma City Thunder.

From big-man depth to the New Orleans Pelicans, here are the early winners and losers of early NBA free agency.