Orlando Magic forward Jonathan Isaac has renegotiated his contract with the team, agreeing to a five-year extension. Per ESPN's Adrian Wojnarowski, Isaac will be paid $84 million for his services. Isaac was set to enter the final season of a four-year, $69.9 million deal. The 26-year-old has spent much of his NBA career in the treatment room but has proven himself as a fantastic defender. Despite averaging only 15.8 minutes across 58 games in 2023-24, Isaac led the Magic with 1.2 blocks. He also lowered opponents' shooting accuracy when guarding them by six percent to share a league-best mark with Defensive Player of the Year Award winner Rudy Gobert. Offensively, Isaac contributed 6.8 points off the Magic bench while grabbing 4.5 rebounds.

ESPN Senior NBA Insider Adrian Wojnarowski has reported that veteran forward Joe Ingles has agreed to a one-year, $3.3 million deal with the Minnesota Timberwolves. The 36-year-old sharpshooter will move on from the Orlando Magic and try to help the Timberwolves take another step forward next season after the team made it to the Western Conference Finals. Ingles has shot 41% from beyond the arc for his career, and will potentially fill the void in Minnesota after they lost Kyle Anderson to free agency.

ESPN Senior NBA Insider Adrian Wojnarowski has reported that veteran guard Alec Burks has signed a one-year deal with the Miami Heat. The 32-year-old was acquired by the New York Knicks from the Detroit Pistons last season and averaged 6.5 points in 13.5 minutes in 23 games during the regular season. He received more playing time in the playoffs when the Knicks were hit with injuries, and scored nearly 18 points per game in the Eastern Conference semifinals. It remains to be seen what type of role Burks will have with the Heat.

Free-agent center Thomas Bryant agreed to a one-year deal to return to the Miami Heat. Bryant, the 2017 No. 42 overall pick, recently opted out of his $2.8 million player option. However, it doesn't appear he drew much interest on the open market, so he'll remain in Miami for another season. The 26-year-old averaged 5.7 points and 3.7 rebounds in 38 games in 2023-24. Bryant will likely mirror those numbers during the 2024-25 campaign, meaning he won't have much value for fantasy managers.

According to Shams Charania of The Athletic, free-agent forward Taurean Prince plans to sign a deal with the Milwaukee Bucks. The 2016 No. 12 overall pick has bounced around the National Basketball Association before spending last season with the Lakers. He appeared in 78 games for Los Angeles, starting 49, averaging 8.9 points, 2.9 rebounds, and 1.5 assists. Prince might make some appearances in the starting lineup with the Bucks, so there may be streaming potential for fantasy managers at some point during the 2024-25 campaign.