The move comes at an unusual time. Ujiri just took part in the 2025 NBA Draft with the Raptors, and was entering the final year of his contract. Ujiri could have hypothetically finished out his contract with the team and left in the offseason. It's unclear why both sides felt it was necessary to move on at this time.

NBA free agency 2025 updates, news, rumors, speculation, targets, trades for Phoenix Suns ahead of NBA free agent signing period. What will team do?

Our NBA insiders will be tracking the latest signings, buzz, news and intel throughout the summer, so stay tuned as we report on the biggest moves that will shape the league. 9:05 p.m. ET: Minnesota Timberwolves center Naz Reid intends to sign a new five-year,

Minnesota Timberwolves star Naz Reid intends to sign a five-year, $125 million contract to stay with the franchise, according to ESPN's Shams Charania. Reid was set to become one of the top free agents available on the open market, but instead, will stay with the franchise that signed him as an undrafted free agent in 2019.

Naz Reid will return to the Minnesota Timberwolves. The veteran center signed a five-year, $125 million contract to remain with Minnesota after declining his $15 million player option for the 2025-26 season, according to ESPN's Shams Charania.

Take another name off the free agent board. He had opted out of his $15 million for next season and there was a strong market for him.