Free-agent guard Damion Lee agreed to a one-year deal to return to Phoenix. The former Louisville Cardinal appeared in 74 games for the Suns in 2022-23, averaging 8.2 points, 3.0 rebounds, and 1.3 assists. However, he missed all of last season after tearing the meniscus in his right knee, resulting in surgery. Phoenix is strapped for cash, so bringing Lee back makes sense from a fiscal standpoint. But even if the 31-year-old stays healthy in 2024-25, he's not expected to be a coveted fantasy commodity anytime soon.

According to Barry Jackson of the Miami Herald, the Kings and Spurs have expressed interest in free-agent forward DeMar DeRozan. The Heat also have the veteran on the radar. However, Miami isn't in a position from a financial standpoint to make a move. Despite his age, DeRozan is still as good as ever, finishing the 2023-24 campaign by averaging 24.0 points, 5.3 assists, 4.3 rebounds, and 1.1 steals. If he wants to win a ring, signing with the Kings would be a better option than the Spurs. Either way, DeRozan isn't looking to stay with the Bulls, so a sign-and-trade between Chicago and interested clubs could be on the horizon.

According to ESPN's Adrian Wojnarowski, Los Angeles Lakers guard Bronny James is expected to spend most of the 2024-25 campaign in the G League. "What the Lakers' expectations are is that he'll largely be a G League player, like almost any 19-year-old player coming into the league drafted in the second round," said Wojnarowski. "There's no expectation Bronny James is going to be in the Lakers' rotation." There were reports that James would be inserted into the rotation right away. However, he didn't gain much experience at the collegiate level. In addition, the 2024 No. 55 overall pick suffered a cardiac arrest nearly a year ago, which delayed his development. With that in mind, James is worth stashing in dynasty formats, even though he may be at least a few years away from doing anything meaningful for fantasy managers.

According to Ian Begley of SNY, the New York Knicks have expressed interest in Utah Jazz center Walker Kessler. The 2022 No. 22 overall pick has appeared in 138 games for the Jazz in the last two seasons, averaging 8.7 points, 8.0 rebounds, and 2.4 blocks. The Knicks lost Isaiah Hartenstein to the Oklahoma City Thunder in free agency, so the team needs to fill a void underneath the basket. While there's still a chance New York could bring back Precious Achiuwa, Kessler would be viewed as an upgrade in a few statistical categories. However, if Mitchell Robinson remains on the roster, Kessler might see significantly fewer minutes than in Utah. But considering Robinson has had trouble staying healthy, Kessler may make some appearances with the starting lineup in the Big Apple.

According to ESPN's Adrian Wojnarowski, the Warriors acquired guard Buddy Hield in a sign-and-trade with the 76ers. In exchange, Philadelphia will receive a 2031 second-round pick. Hield, who will earn $21 million guaranteed in Golden State, began last season with the Indiana Pacers before getting traded to Philadelphia. He averaged 12.2 points, 3.2 rebounds, and 3.0 assists with the Sixers while shooting 38.9% from behind the arc. Although Hield might not start consistently in Golden State, he should see enough minutes to remain relevant from a fantasy standpoint, considering the Warriors have a significant void to fill offensively in the wake of Klay Thompson's departure to the Dallas Mavericks.