The Memphis Grizzlies declined the $14.8 million option for guard Luke Kennard on Saturday. The 28-year-old appeared in only 39 games for Memphis last season, averaging 11.0 points, 3.5 assists, and 2.9 rebounds. He also shot 45.0% from behind the arc. Memphis hopes to work out a new agreement. But Kennard should draw plenty of interest on the open market for a team looking for a reliable depth piece.

According to ESPN's Adrian Wojnarowski, Phoenix Suns forward/center Bol Bol plans to sign a one-year deal to return to the team. Bol finished the 2023-24 campaign by averaging 5.2 points and 3.2 rebounds while shooting 42.3% from behind the arc. The 24-year-old will provide much-needed bench depth for a team hoping to enter the championship conversation. However, Bol, who averaged 10.9 minutes per contest last season, isn't expected to be a reliable contributor for fantasy managers in 2024-25.

Indiana Pacers forward/center Jalen Smith declined his $5.4 million player option on Saturday. Smith, the 2020 No. 10 overall pick, appeared in 61 games for the Pacers last season, averaging 9.9 points and 5.5 rebounds. The 24-year-old will now test the open market, where he should see interest from clubs around the National Basketball Association. With that in mind, Smith is a talented player, but he will need minutes before earning a spot on more fantasy rosters for the 2024-25 campaign.

Los Angeles Lakers forward Cam Reddish exercised his $2.5 million player option on Saturday. The former Duke Blue Devil had the worst year of his career in 2023-24, averaging 5.4 points, 2.1 rebounds, and 1.0 steals. He was also limited to just 48 games due to injury. Whether Reddish remains in Los Angeles or finds himself on another team for the 2024-25 campaign, he must see the floor more before earning a spot on fantasy rosters.

Washington Wizards center Richaun Holmes declined his $12.8 million player option. However, he has agreed to a new two-year, $25.9 million contract to remain with the Wizards. The 30-year-old averaged double-digit scoring in three of his four seasons with the Sacramento Kings. Since then, he struggled to find a meaningful role in Dallas and Washington. Although Holmes adds depth to a rebuilding team, he will likely have issues getting on the floor moving ahead, which won't improve his fantasy value for the 2024-25 campaign.

According to ESPN's Dave McMenamin, impending free agent forward LeBron James will "work" with the Los Angeles Lakers on his next contract "if it means adding an impact player." The 39-year-old declined his $51.4 million player option Saturday, although he's expected to remain with the Lakers. James finished the 2023-24 campaign by averaging 25.7 points, 8.3 assists, 7.3 rebounds, and 1.3 steals. He also appeared in 71 games despite making routine appearances on the league's official injury report. However, if the Lakers enhance the roster, it could help James play fewer minutes and stay healthy during the year.

Los Angeles Clippers forward Paul George declined his $48.7 million player option on Saturday. The veteran, who will officially enter unrestricted free agency, has meetings scheduled with teams with cap space. The Clippers will also be involved, although the team no longer has the option of an opt-in and trade scenario. The 34-year-old finished the 2023-24 campaign by averaging 22.6 points, 5.2 rebounds, 3.5 assists, and 1.5 steals. He also shot a career-high 41.3% from behind the arc. Without a doubt, George is one of the top free agents available, so any team that adds him enhances their chances of winning an NBA title. Despite his age, George could remain a top-25 fantasy option for at least a few more seasons.

According to ESPN's Adrian Wojnarowski, Phoenix Suns forward Royce O'Neale plans to sign a four-year, $44 million contract to remain with the team. After being moved by the Brooklyn Nets ahead of the trade deadline last season, the 31-year-old appeared in 30 games for the Suns, averaging 8.1 points, 5.5 rebounds, and 2.7 assists while shooting 37.6% from deep. Phoenix doesn't have much cap space to work with this offseason, so retaining O'Neale is a big move for a team hoping to enter the championship conversation. While he won't be a consistent starter, he should play enough to give him value for fantasy managers. O'Neale's shooting percentage from deep will make him even more coveted by category participants.

The Atlanta Hawks declined to extend a qualifying offer to forward Saddiq Bey, making him an unrestricted free agent. The former Villanova Wildcat averaged 13.7 points, 6.5 rebounds, and 1.5 assists in 2023-24. Unfortunately, he tore his ACL, limiting him to 63 games. Without a doubt, Bey will draw interest from teams around the National Basketball Association, especially from teams with cap space. While his fantasy outlook hinges on where he'll end up for the 2024-25 campaign, he should remain a relatively reliable producer for managers as long as he stays healthy.

Forward/center Kevin Love declined his $4 million player option with the Miami Heat on Saturday. The veteran finished last season by averaging 8.8 points, 6.1 rebounds, and 2.1 assists. However, he appeared in just 55 games. Without question, Love's best days are behind him. While there's a chance he could return to Miami, it won't make him a consistent fantasy option, even though he should have a handful of productive showings during the 2024-25 campaign regardless of where he ends up.

Los Angeles Lakers guard D'Angelo Russell picked up his $18.7 million player option on Saturday. The 28-year-old had one of the best seasons of his career in 2023-24, finishing the campaign by averaging 18.0 points, 6.3 assists, and 3.1 rebounds while shooting a career-high 41.5% from behind the arc. Despite Russell's decade of service in the National Basketball Association, he's showing no signs of slowing down. He also played in 76 games last season, his most since 2018-19, so his fantasy worth may continue to climb if he continues to stay healthy moving ahead.

Los Angeles Clippers guard Russell Westbrook exercised his $4 million player option with the team on Saturday. The 35-year-old has been one of the most productive players in the history of the National Basketball Association. However, he is coming off arguably the worst year of his career, finishing the 2023-24 campaign by averaging 11.1 points, 5.0 rebounds, 4.5 assists, and 1.1 steals. Westbrook likely will remain a bench option in 2024-25. Still, his fantasy outlook could improve if the Clippers can't bring back Paul George, who isn't a lock to remain in Los Angeles moving ahead.

According to Shams Charania of The Athletic, forward LeBron James declined his $51.4 million player option with the Los Angeles Lakers. However, while the multi-time All-Star is heading toward unrestricted free agency, he's expected to re-sign with the Lakers on a new deal. Despite his age, James is still one of the most potent players in the National Basketball Association, recently finishing the 2023-24 campaign by averaging 25.7 points, 8.3 assists, 7.3 rebounds, and 1.3 steals. He battled nagging injuries all last season and was limited to 71 games. Still, fantasy managers should expect at least one more year of production from James in 2024-25, although he could have at least a few more solid seasons left in the tank.

The Pistons declined the team option on guard Evan Fournier. He is now heading toward unrestricted free agency. The 31-year-old began the 2023-24 campaign with the Knicks. However, he appeared in only three games for New York before being moved ahead of the trade deadline. Fournier suited up in 29 games for the Pistons, and he finished the year by averaging 7.2 points and 1.9 assists. He was due to make $19 million had Detroit kept him, so this move wasn't surprising. Still, Fournier will likely find work elsewhere in the National Basketball Association, although he probably won't see much action, considering his production has declined significantly over the last few seasons.

The Hawks acquired guard Dyson Daniels (along with Larry Nance Jr., EJ Liddell, and two first-round picks) from the Pelicans in exchange for Dejounte Murray. While the departure of Murray means Atlanta lost an All-Star-caliber superstar, the Hawks received an up-and-coming player in Daniels, who has shown flashes of promise since entering the league in 2022. He finished last season by averaging 5.8 points, 2.7 assists, and 1.4 steals. However, he was limited to 61 contests after suffering a torn meniscus in his left knee, resulting in surgery. With that in mind, if Daniels gets consistent minutes and avoids the injury report, it's reasonable to assume he could at least double his scoring average from last season.

The Hawks acquired forward Larry Nance Jr. from the Pelicans as a part of the trade that sent Dejounte Murray to New Orleans. Nance began his career with the Los Angeles Lakers and made stops in Cleveland and Portland before landing in New Orleans. Since his most productive season with the Cavs in 2019-20, his statistical contributions have declined over the years, and he finished the 2023-24 campaign by averaging just 5.7 points and 5.0 rebounds. Nance will likely play sparingly this season, so he won't draw much attention from fantasy managers. Also included in Friday's trade, the Hawks receive EJ Liddell, Dyson Daniels, and two first-round picks.

Miami Heat guard Josh Richardson picked up his $3 million player option on Friday. The veteran's production has declined over the last few years, and he finished the 2023-24 campaign by averaging 9.9 points while shooting 34.7% from behind the arc, one of the lowest percentages of his career. Even worse, he was limited to just 43 games due to a shoulder injury that required surgery. Richardson's production likely won't improve in 2024-25, considering he's not expected to be a regular in Erik Spoelstra's rotation.

According to ESPN's Adrian Wojnarowski, the Hawks traded guard Dejounte Murray to the Pelicans in exchange for Larry Nance Jr., E.J. Liddell, Dyson Daniels, and two first-round picks. The backcourt pairing of Murray and Trae Young didn't work, so the 27-year-old will head to New Orleans, a team hoping to re-enter the championship conversation. Murray finished last season by averaging a career-high 22.5 points with 6.4 assists, 6.3 rebounds, and 1.4 steals. Without question, he's an All-Star caliber player, and his fantasy value should improve even more if he becomes New Orleans' primary ballhandler in 2024-25. While Murray's shooting percentages aren't the best, category managers will still get a reliable fantasy asset, even more so since he's played at least 74 games in each of the last two seasons.

Charlotte Hornets guard Seth Curry has been waived by the organization on Friday. The Hornets decided Curry wasn't worth the $4 million deal, but have expressed interest in bringing back the veteran guard. It's hard to imagine Curry returning to Charlotte as he'll likely want to play for a more competitive organization considering he's at the back-end of his career. The 33-year-old is a viable three-point shooter but doesn't offer much value outside of that.

Los Angeles Clippers forward P.J. Tucker has accepted his $11.5 million player option for next season. This seems like a no-brainer for Tucker who probably wasn't going to get a better offer in free agency. The 39-year-old is still a reliable defender, but Tucker doesn't offer much upside on the offensive end of the ball. He'll didn't offer much fantasy value with the Clippers last season. He'll probably have a similar role with the team again, which minutes he'll likely only see minutes in the teens. That being said, fantasy managers can ignore Tucker on draft day.