New York Knicks guard Miles McBride is entering the final season of his contract with an uncertain long-term future, according to James L. Edwards III of The Athletic. The 26-year-old, who will earn $3.96 million this season, said he would love to finish his career in New York, but the Knicks' desire to remain below the second apron could complicate a new deal. McBride averaged a career-high 12.0 points in 26.3 minutes across 41 games last season while shooting 41.3 percent from three. A trade remains possible if New York decides it cannot afford his next contract, and a move could give McBride a larger fantasy role depending on where he lands.

According to ESPN's Shams Charania, Ryan Nembhard has agreed to a two-way contract with the Denver Nuggets. Denver is expected to waive KJ Simpson to open the spot. The 23-year-old went undrafted out of Gonzaga before averaging 6.6 points, 5.3 assists, and 2.2 rebounds in 19.5 minutes across 60 games with Dallas as a rookie, including 27 starts. He capped the season with a franchise-record 23 assists in a regulation game against Chicago. Nembhard will sit behind Jamal Murray and Tyus Jones for point guard minutes, while his two-way deal limits him to 50 active NBA games. His passing ability makes him an interesting depth option if Denver needs another ball handler.

Orlando Magic forward Noah Penda (hamstring) is being brought along carefully after tweaking his hamstring, according to Jason Beede of the Orlando Sentinel. Head coach Sean Sweeney said Orlando doesn't want Penda doing too much during two-a-day practices early in camp. The 21-year-old averaged 3.8 points and 3.2 rebounds in 12.8 minutes across 59 games as a rookie before posting 15.0 points, 6.7 rebounds, and 2.7 blocks per game in Summer League. Penda is trying to earn a larger role in a crowded Orlando forward rotation, so getting back to full work ahead of the Oct. 7 preseason opener would give him more time to make his case.

Phoenix Suns center Oso Ighodaro isn't assuming the starting job is his while Mark Williams (shoulder) is sidelined. Ighodaro told Duane Rankin of The Arizona Republic that he has been competing with Khaman Maluach for the past two months and believes the role still has to be earned. The 24-year-old averaged 8.4 points, 6.0 rebounds, 3.2 assists, and 0.9 steals in 27.4 minutes across 22 games without Williams last season. That production gives Ighodaro a useful fantasy path if he wins significant minutes, though his 45.3 percent free-throw shooting remains a clear drawback.