The New York Knicks and point guard Miles McBride have agreed to a three-year, $13 million contract extension. McBride was set to become a restricted free agent this coming offseason.

McBride has appeared in 122 games in two-plus seasons for New York. The third-year guard has career averages of 2.8 points and one assist per game.

McBride has been a favorite for the Knicks, due to his work ethic. He's continually lauded as staying prepared, despite inconsistent playing team.

The Toronto Raptors and Pascal Siakam see December 30 as a potential deadline to make a decision about a contract extension, sources told Michael Grange of Sportsnet.

A contract extension signed before December 30 would allow the Raptors the flexibility to trade Siakam next summer ahead of free agency.

With Siakam eligible to sign a four-year, $192 million extension, both sides have had discussions over the framework of a new deal since the start of the season.

The Pacers have expressed interest in Siakam, as well as OG Anunoby. 

The Philadelphia 76ers are adding forward Kenneth Lofton Jr. on a two-way contract. To clear room for Lofton, the Sixers are waiving guard Javonte Smart.

Lofton was waived by the Memphis Grizzlies earlier in the week. Memphis needed to create a roster spot when Ja Morant was reinstated from the suspended list.

The 6-foot-6 forward appeared in 39 NBA games with the Grizzlies over the past two seasons. He's averaged 4.1 points in seven minutes per game over that period.

In the G League, Lofton has been a dominant scorer and rebounder. In 32 games over two seasons with the Memphis Hustle, Lofton has averaged 22.4 points and 10.2 rebounds per game.

Smart appeared in one NBA game for 76ers this season.

The New York Knicks have agreed to a two-way contract with center Dmytro Skapintsev. New York was looking for additional center depth with both Mitchell Robinson and Jericho Sims out with injuries. They found it with Skapintsev, who has been with the Westchester Knicks of the G League this season.

The 7-foot-1 center has played in 55 games for the G League Knicks over the past two seasons. Skapintsev is averaging 5.9 points, 4.4 rebounds and 1.2 blocks in 18.6 minutes per game this season.

It was recently reported that New York applied for a Disabled Player Exception for Robinson. That would mean that the Knicks believe their starting center will miss the remainder of the season following ankle surgery. In addition to Robinson being out, Jericho Sims went down with a sprained ankle earlier in the week. That left New York with only Isaiah Hartenstein and the recently added Taj Gibson at the five.

Immanuel Quickley is seeking a contract in the neighborhood of $25 million per year in restricted free agency, sources tell Jake Fischer of Yahoo Sports.

Quickley and the New York Knicks were far apart on extension talks before the season, which led to some speculation that he could become a trade candidate.

But there has been virtually no chatter centered upon Quickley at this point in the season.

Quickley finished second in Sixth Man of the Year voting last season.

The Atlanta Hawks have waived Two-Way forward Miles Norris. According to ESPN's Adrian Wojnarowski, they will sign Vit Krejci to a Two-Way spot to replace him.

Norris appeared in three preseason games with Atlanta and four NBA 2K24 Summer League contests. He saw action in 16 games (14 starts) with the College Park Skyhawks of the NBA G League this season, averaging 9.8 points, 6.8 rebounds and 1.2 steals in 27.0 minutes per game (.414 FG%, .305 3FG%, .636 FT%).

The final three seasons of the contract of Zion Williamson with the New Orleans Pelicans are no longer guaranteed. By missing more than 22 games last season, Williamson triggered a clause in his contract that turns his salary for 25-26, 26-27 and 27-28 from guaranteed to non-guaranteed.

The Pelicans could theoretically waive Williamson after the 24-25 season without any financial ramifications. The odds of that are fairly slim barring an extreme set of circumstances. 

The contract also has ways for Williamson to earn back the guarantees by playing in enough games and hitting specific weigh-in checkpoints.

Williamson signed a five-year, $197 million extension with the Pelicans in 2022.

The complex deal, key details of which were confirmed by six league sources on condition of anonymity, contained unusual measures taken by the Pelicans to directly connect guaranteed salary with games played.

Under the contract, the sum of Williamson’s weight in pounds and his body fat percentage must be less than 295. He was listed as weighing 285 pounds last season, meaning his body fat could not be higher than 10 percent.

Ricky Rubio and the Cleveland Cavaliers have begun discussions on a buyout.

Rubio has been on leave in Spain this season as he manages mental health issues. Sources say there are serious doubts of whether Rubio will ever play basketball again. Rubio is not expected to play this season as the very least.

Rubio is making $6.1 million this season and his contract for next year is guaranteed at $4.25 million.

The Cavs signed Rubio to a three-year, $18.5 million deal in the summer of 2022, while he was nursing a torn ACL suffered in January 2022.

The Cavaliers are currently without Darius Garland and Evan Mobley from their starting lineup. 

Austin Rivers and John Wall had a workout in Orlando on Wednesday in front of personnel from approximately half of the NBA teams, according to Chris Haynes of Bleacher Report

Both Rivers and Wall remain free agents. 

Rivers has begun working in media, but he would still like to continue his NBA playing career.

The NBA is currently hosting its G League Showcase in Orlando. 

Nic Claxton reiterated his desire to re-sign with the Brooklyn Nets this summer during an interview with Michael Scotto of HoopsHype.

"Hopefully, everything works out with Brooklyn. I love it here," Claxton told Scotto.

Claxton is set to become an unrestricted free agent this summer.

Claxton is projected to make around $21 million per season in his next deal, according to a poll of 12 NBA executives.

Claxton is averaging 12.1 points, 9.2 rebounds, and 2.4 blocks on the season.