The Knicks have picked up Sims' $2.1 million team option Saturday, Stefan Bondy of The New York Post reports.

Sims will return to the Knicks for at least one more year. This comes amid uncertainty around Isaiah Hartenstein's future with the club, as the Knicks have reported interest in bringing the big man back. Sims appeared in 45 regular-season games last year, during which he averaged 2.0 points, 3.3 rebounds, 0.6 assists and 0.4 blocks across a career-low 13.0 minutes per game

The Magic declined Wagner's $8 million team option for the 2024-25 season on Saturday, ESPN's Adrian Wojnarowski reports.

Despite this move by the Magic, Wojnarowski reports that there is mutual interest to negotiate a fresh deal in free agency. Wagner made 80 appearances for the Magic last season, posting averages of 10.9 points, 4.3 rebounds, 1.2 assists and 0.5 three-pointers in 17.7 minutes per contest.

The Knicks extended their two-way qualifying offer to Toppin on Saturday, Fred Katz of The Athletic reports.

Toppin was a non-factor for the Knicks last season, during which he averaged 1.4 points and 0.8 rebounds across 4.2 minutes in nine regular-season games. However, the 24-year-old averaged 19.8 points, 8.6 rebounds, 2.7 assists and 1.1 blocks across 36.7 minutes per game with the team's G League affiliate. Toppin has shown promise, but he will likely not see a significant uptick in NBA playing time next season.

Craig exercised his $2.8 million player option with the Bulls for the 2024-25 season Saturday, ESPN's Adrian Wojnarowski reports.

Craig will remain with the Bulls and will try to build his market value back up after an injury-plagued campaign in 2023-24. In 53 appearances for the Bulls, Craig produced averages of 5.7 points, 4.1 rebounds, 1.1 assists and 1.1 three-pointers in 19.8 minutes.

Reddish (ankle) exercised his $2.46 million player option for the 2024-25 season Saturday, Michael Scotto of USA Today reports.

Reddish had the worst statistical year of his career in 2023-2024, during which he averaged 5.4 points, 2.1 rebounds, 1.0 assists and 1.0 steals across 20.5 minutes in 48 regular-season games. The 24-year-old has bounced around of late, playing for four different teams over the last three years. Reddish has failed to live up to his draft stock, and he will hope to improve next season before becoming an unrestricted free agent in 2025-26.

George declined his $48.7 million player option with the Clippers on Saturday, and he will now become an unrestricted free agent, Adrian Wojnarowski of ESPN reports.

George declining his player option now takes any hope of a trade off the table for the Clippers. The All-Star will plan on meeting with several teams who have the cap space to sign him, the Clippers included. George was tasked with carrying the offensive load in the playoffs during Kawhi Leonard's (knee) absence last season, and the Clippers' refusal to extend him on a four-year maximum contract is likely the reason why he elected to become a free agent. The 34-year-old averaged 22.6 points, 5.2 rebounds, 3.5 assists and 1.5 steals across 33.8 minutes in 74 regular-season games. George also shot 47.1 percent from the field and 41.3 percent from three, both career highs for the 14-year veteran.

The Thunder declined Wiggins' $2 million team option Saturday, but the team is expected to offer the 25-year-old a long-term deal, Shams Charania of The Athletic reports.

Wiggins' efficiency was through the roof last season, during which he shot a career-high 56.2 percent from the field in his third year with OKC. The 25-year-old is expected to be brought back on a long-term deal with the Thunder once free agency officially opens in July. By doing this, the Thunder allow themselves to spend $30 million before potentially re-signing both Isaiah Joe and Wiggins. In a career-high 78 regular-season appearances last year, Wiggins averaged 6.9 points, 2.4 rebounds, 1.1 assists and 0.7 steals across 15.7 minutes per game.

The Thunder declined Joe's $2.1 million team option Saturday, but the team is expected to work with the 24-year-old on a long-term deal, Shams Charania of The Athletic reports.

Joe proved to be a solid contributor in his second season with the Thunder, during which he averaged 8.2 points, 2.3 rebounds and 1.3 assists across 18.5 minutes. The 24-year-old also got the starting nod in the team's final two playoff games, and he is expected to return on a long-term deal that will be agreed upon when free agency opens in July. By doing this, the Thunder allow themselves to spend $30 million before potentially re-signing both Joe and Aaron Wiggins. Joe has produced his two best years with OKC and shot a career-high 41.6 percent from deep in 2023-24.

Coach Mark Daigneault said Saturday that Wallace is not likely to suit up for the Thunder during Summer League, Clemente Almanza of USA Today reports.

Wallace had a solid rookie season on a stacked roster, appearing in 82 regular-season games for the Thunder. The 20-year-old averaged 6.8 points, 2.3 rebounds, 1.5 assists and 0.9 steals across 20.6 minutes per game. While Wallace had a productive rookie season, it is slightly surprising the team wouldn't want the young guard to pick up extra reps during the offseason in the Summer League.

The Rockets exercised Tate's (ankle) $7.57 million team option for 2024-25 on Saturday, Adrian Wojnarowski of ESPN reports.

Houston's decision to retain Tate is somewhat surprising given that he looked to be a fringe rotation player toward the end of the 2023-24 season before he was shut down in April with a right ankle sprain. However, the 28-year-old brings value in his ability to defend multiple positions and is comfortable taking on a lower-usage role, which makes him an ideal fit next to higher-priority offensive options such as Fred VanVleet, Jalen Green, Jabari Smith and Alperen Sengun. He should be fully recovered from the ankle sprain well in advance of training camp -- if he's not healthy already -- and depending on what the complexion of the Houston roster looks like in the aftermath of the offseason, Tate could resurface as a more consistent part of head coach Ime Udoka's rotation.