NBA Free Agency Round-up: 1st July - LeBron James signs with Lakers; KD, PG13 & CP3 re-sign with former teams

#2 Kevin Durant, Chris Paul and Paul George re-sign with their teams

Durant guards Paul George, April 2018

Kevin Durant has committed to a two-year, $61.5M deal to return to the Golden State Warriors, league sources tell Yahoo.

— Shams Charania (@ShamsCharania) July 1, 2018

Kevin Durant returned to the Warriors on a 2-year, $61.5 million deal that has a player option for the second year. This lowers the luxury tax burden on the Warriors, allowing them to use the mid-level exception of around $5 million to sign a free agent. KD's re-signing ensures that the Warriors will still be predominant favourites to win it all, irrespective of who the Lakers are able to attract over this summer.

Paul George has agreed to a four-year, $137M max contract with the Thunder, league source tells ESPN. Deal includes a player option.

— Adrian Wojnarowski (@wojespn) July 1, 2018

Paul George, widely tipped to be joining the Lakers this summer, did not give Magic Johnson even a face-to-face meeting before announcing that he'd be re-signing with Oklahoma City Thunder on a 4-year, $137 million deal. This buoys the Thunder's attempts to contend in the West, giving them more time to figure out how to use their Big Three to dethrone the Warriors.

Chris Paul, who was a hamstring strain away from the first NBA Finals appearance, was re-signed by the Rockets to a supermax deal of 4 years, $160 million. The Rockets are looking to keep their Conference Finalist core together, and have also begun talks with Clint Capela.

All-Star Chris Paul will sign a four-year, $160M max contract to stay with the Houston Rockets, league sources tell ESPN.

— Adrian Wojnarowski (@wojespn) July 1, 2018