r/Betzy

https://www.nytimes.com/athletic/7396928/2026/06/26/jalen-duren-pistons-negotiations-extension-trade/

---

> All-NBA forward Jalen Duren was underwhelmed by the Detroit Pistons’ initial offer in restricted free agency and is planning to explore sign-and-trade scenarios when they are permitted on Tuesday, league sources told The Athletic.

---

> League sources say the gap between the two sides is large enough that Duren is now considering ways to land elsewhere, with the sign-and-trade route deemed preferable to signing an offer sheet with another team that the Pistons could, and likely would, match. And with some of the game’s best players potentially available this summer, including the Boston Celtics’ Jaylen Brown and the LA Clippers’ Kawhi Leonard, the question now becomes whether the Pistons might be willing to engage in those sorts of scenarios when that time comes.

---

> The Pistons, meanwhile, are known to be on the market for a significant roster upgrade this summer. League sources say they had serious interest in Austin Reaves before he re-signed with the Los Angeles Lakers on Wednesday, and they’ve also been tied to Brown, Leonard and Tyler Herro (who was traded from the Miami Heat to the Milwaukee Bucks in the Giannis Antetokounmpo deal). Detroit has plenty of other in-house business to tend to as well, as 23-year-old, first-team All-Defense selection Ausar Thompson is eligible for an extension that could top out at five years and a combined $162 million.

> SpaceX (SPCX) stock tumbled again on Monday, giving it three straight down days after a massive run-up following its IPO earlier this month. SpaceX also confirmed its first-ever bond issuance in a filing.

> SpaceX shares closed down 16.4% on Monday, the biggest down day for the newly debuted stock, following a 3.6% drop on Thursday (US markets were closed on Friday for the Juneteenth national holiday) and a 5% drop on Wednesday. The three-day losing streak caps a big pop in the stock following its IPO and first day of trade on June 12.

> Shares are now up only 14% from SpaceX's IPO price of $135. Note that shares opened at $150 on their first trade. At one point during the stock's run-up to a high of around $225 a share, SpaceX topped Amazon (AMZN) and even Microsoft (MSFT) to become the fourth-most-valuable public company.

https://finance.yahoo.com/markets/stocks/article/spacex-stock-tumbles-164-shaving-off-most-ipo-gains-since-debut-141725657.html

The Timberwolves send a haul to the Hornets for a star-studded new backcourt in Anthony Edwards and LaMelo Ball -- the Nos. 1 and 3 picks in 2020. Charlotte didn't shop Ball in the market, but listened and received multiple rich offers before filling a significant need in the frontcourt with Reid.

Timberwolves co-owners Marc Lore and Alex Rodriguez enter the luxury tax for the third straight year -- and the franchise makes a big move to fill the point guard spot.