Klay Thompson appears likely to hit the open market as a free agent as he and the Golden State Warriors haven't had any notable movement on an extension, sources tell The Athletic. 

The Warriors would like to retain Thompson if the contract price is workable and after other aspects of their roster are clarified. 

Thompson would like to win and isn't likely to consider a larger offer if it is from a rebuilding team.

Thompson could command a shorter term deal at a large contract amount given his age and injury history.

The Golden State Warriors are expected to express interest in trading for Jimmy Butler should he become available, according to Anthony Slater of The Athletic. 

Butler is interested in a two-year extension this offseason, which the Miami Heat are believed to be resistant to offering.

Brandon Ingram, however, is not a potential trade target that the Warriors would expected to be interested in pursuing. There has been considerable speculation that the New Orleans Pelicans will entertain trading Ingram as they balance out their roster and salary cap.

While it has been reported in a number of places that J.J. Redick is the most likely candidate to become head coach of the Los Angeles Lakers, ESPN's Adrian Wojnarowski reports they are "nowhere close" to a decision.

Some reports have suggested that ESPN doesn't want Redick announced as the next head coach of the Lakers until after The Finals due to his duties broadcasting the series. 

The Lakers hosted James Borrego for a second interview this week and plan to have follow-ups with several other candidates.

Chris Quinn, Micah Nori, Sean Sweeney and David Adelman are among the other candidates publicly linked to the job.

The Lakers parted ways with Darvin Ham this offseason.

Dereck Lively II has been upgraded to questionable for Game 5 against the Minnesota Timberwolves. 

Lively missed Game 4 due to a neck sprain.

Maxi Kleber also returned to the Mavs lineup in Game 4. 

The Washington Wizards have named Brian Keefe as head coach.

Keefe becomes the 26th head coach in the organization’s history.

“We are excited for Brian to become our next head coach. Brian is a proven motivator and connector of people,” said Wizards General Manager Will Dawkins. “As a leader in the organization, he will continue to positively grow and invest into the development of our players. His wealth of experience will help move our team forward as we build for long-term sustained success.”

Keefe was originally named interim head coach on January 25, 2024, with the team seeing improvement in defensive rating, overall net rating, and opponent three-point percentage over the remainder of the regular season. 

The Cleveland Cavaliers are beginning their interview process for head coach with Kenny Atkinson and James Borrego, who are the top two candidates on their list.

Atkinson and Borrego are both top assistant coaches with previous head coaching experience.

Atkinson was previously a head coach with the Brooklyn Nets and is currently an assistant coach with the Golden State Warriors. 

Borrego is also a serious candidate for the Los Angeles Lakers' head coaching vacancy. Borrego was previously head coach of the Charlotte Hornets and now is an assistant with the New Orleans Pelicans.

The Cavaliers plan on interviewing additional candidates beyond Atkinson and Borrego. 

Joe Mazzulla said that Kristaps Porzingis was increasing his workload but did not have any definitive updates about his status for Game 1 of the NBA Finals.

"There’s been a couple shootarounds where he hasn’t done anything with the team but has been in a 1-on-1 setting kind of ramping it up with the intensity level of it. He’s been getting better and better," said Mazzulla on Wednesday.

Mazzulla added that he wasn't sure whether Porzingis would be healthy by Game 1.

The NBA Finals start on June 6.

James Borrego had a second interview with the Los Angeles Lakers on Wednesday.

Borrego is also a candidate for the Cleveland Cavaliers' head coaching vacancy.

Borrego has a strong reputation for player development including serving as an assistant coach with the San Antonio Spurs for a decade. Borrego also has head coaching experience with the Charlotte Hornets.

Borrego is currently an assistant coach with the New Orleans Pelicans. 

Caleb Love is withdrawing from the 2024 NBA draft to return to Arizona for his final collegiate season.

Love spent his first three seasons at North Carolina before transferring to Arizona last season. Love led Arizona to the Pac-12 regular-season championship in his first season in Tucson, averaging 18.0 points, 4.8 rebounds and 3.4 assists en route to Player of the Year honors in the conference and third-team All-America selection by the Associated Press. 

The NCAA's deadline for players to withdraw as Early Entry Candidates for the 2024 NBA Draft was Wednesday, May 29. Several notable players chose to withdraw and to return to playing college basketball.

• Jonas Aidoo - Arkansas (transferring from Tennessee)
• Michael Ajayi -Gonzaga (transferring from Pepperdine)
• Somto Cyril - Overtime Elite (will enroll at Georgia)
• Johnell Davis - Arkansas (transferring from Florida Atlantic)
• Coleman Hawkins - transfer portal
• Arthur Kaluma - transfer portal
• Alex Karaban - UConn
• Xaivian Lee - Princeton
• Caleb Love - Arizona
• Baba Miller - Florida Atlantic (transferring from Florida State)
• Matthew Murrell - Mississippi
• Ugonna Onyenso - transfer portal
• Hunter Sallis - Wake Forest
• Payton Sandfort - Iowa
• Mark Sears - Alabama
• Jarin Stevenson - Alabama
• Jamir Watkins - transfer portal

The deadline for all other players to withdraw as Early Entry Candidate from the 2024 NBA Draft is June 16.