Latest NBA trade rumors and signings

The Mavericks are holding out for a first-round pick in any P.J. Washington trade, according to Jake Fischer of The Stein Line.

ESPN's Shams Charania reports that Denver is talking with multiple clubs about a sign-and-trade for Peyton Watson, with Cleveland, Milwaukee and the Clippers said to have interest.

Sacramento remains interested in Jonathan Kuminga but is wary of a sign-and-trade that would hard-cap the team at the first apron, ESPN's Anthony Slater reports.

Jake Fischer says Dallas is willing to trade veterans including Daniel Gafford, P.J. Washington and Klay Thompson for the right return, with the Mavericks long having asked for a first-round pick in exchange for Gafford.

Marc Stein reports that although rival teams see P.J. Washington as a trade candidate, new Mavericks basketball boss Masai Ujiri is said to be a fan and Dallas feels no rush, with the forward signed for four more years and $88.8 million guaranteed.

Grant Hughes ranked Amen Thompson fifth and Reed Sheppard 10th among the league's most valuable trade assets, making Houston the only team with two players on the list.

One idea has the Lakers pursuing a former Mavericks teammate of Luka Doncic, a player on a $50 million contract, putting the pair back together in Los Angeles.

Christian Clark of The Athletic writes that Thompson would welcome a return to Los Angeles, where he spent part of his childhood and still owns a home, and that Miami keeps coming up as a possible landing spot.

Sai Mohan floats a deal sending Klay Thompson and P.J. Washington to the Lakers for Jarred Vanderbilt, Jaden Hardy, Jake LaRavia, Dalton Knecht, Cameron Carr and a 2032 first-round pick swap.

Tyler Herro posted on Instagram for the first time since April, captioned with two timer emojis, and fans noticed he no longer follows the Heat account.

Sacramento and Toronto came close to a Domantas Sabonis trade at February's deadline, with RJ Barrett part of the package heading back, per ESPN's Anthony Slater.

Christian Clark of The Athletic reports that Klay Thompson would welcome a return to Los Angeles, where he spent part of his childhood and still owns a home, as Dallas explores his trade market without finding a deal.

Sacramento and Boston had at least one phone call about Domantas Sabonis ahead of the draft, ESPN's Anthony Slater reported, with nothing coming of it.

An unnamed rival general manager told Sean Deveney his team inquired with Golden State about Moses Moody, calling him the 3-and-D piece teams want and noting the Warriors show no urgency to move him.

With a Kuminga sign-and-trade requiring Golden State's cooperation and Minnesota pushing, LakeShowLife's Maxwell Odgen floats Derrick Jones Jr. as the Lakers' fallback wing target.

Michael Scotto of HoopsHype reported Cleveland is willing to move Max Strus, and LakeShowLife's Maxwell Odgen makes the case that the Lakers should turn to the 30-year-old wing instead of continuing to chase Jonathan Kuminga, whose asking price has cooled LA's interest.

According to CBS Sports, a blockbuster deal sending Kawhi Leonard from the Clippers to the Raptors was agreed to in June but has still not been completed.

Swapping Joel Embiid for Anthony Davis would put Davis back alongside LeBron James, though the idea is framed as unlikely. The Wizards, by all accounts, have no desire to move Davis, and there are further complications beyond that.

Restricted free agents Peyton Watson and Bennedict Mathurin are both drawing sign-and-trade interest, Michael Scotto of HoopsHype reports.

Denver has a five-year, $70 million offer on the table for Peyton Watson, according to Tony Jones of The Athletic. Matching Oklahoma City's two-year, $12 million offer sheet for Spencer Jones pushed the Nuggets into the second apron, so keeping Watson would require roster shuffling.