Here are the latest rumors surrounding NBA free agency. It was a shock to everyone when the New York Knicks announced that they were firing head coach of five years Tom Thibodeau, especially considering he'd just led the team to their first Eastern Conference Finals appearance since 2000.

Rich Paul, LeBron James' agent and business partner, revealed that James and the Los Angeles Lakers haven't discussed a trade despite his uncertain future with the team.

LeBron James is returning for his 23rd NBA season after declining free agency and opting into his $52.6 million contract option with the Lakers, keeping his championship hopes in Los Angeles