The Miami Heat have claimed guard Bez Mbeng off waivers from the Charlotte Hornets and intend to sign him to an Exhibit 10 contract for training camp, according to the Miami Herald's Anthony Chiang. Mbeng spent much of last season with the Sioux Falls Skyforce before earning a late-season call-up with Utah, where he averaged 8.1 points, 3.8 rebounds, 4.1 assists, and 2.3 steals in 15 games. He also posted a 27-point triple-double against Memphis in April. Mbeng's defensive activity is intriguing, but his 19.4 percent shooting from three remains a concern. With Miami's camp roster at 19 players, another stint in Sioux Falls looks like the most realistic path.

Toronto Raptors forward Kawhi Leonard has agreed to a two-year, $115 million contract extension that includes a player option for the 2028-29 season, according to ESPN's Shams Charania. Sportsnet's Blake Murphy reports that Leonard took about $11 million less than the maximum after also waiving roughly $7.44 million in trade bonus money when he returned to Toronto. The 35-year-old is coming off a career-best 27.9 points per game with the Clippers, along with 6.4 rebounds, 3.6 assists, and 1.9 steals across 65 appearances. Playing alongside Scottie Barnes, RJ Barrett and Immanuel Quickley could cut into his shot volume, but Leonard should remain a strong fantasy contributor if he can stay on the floor.

The Charlotte Hornets are trading forward Dorian Finney-Smith to the Atlanta Hawks for guard/forward Buddy Hield, guard Ryan Nembhard, and cash considerations, according to ESPN's Shams Charania. Finney-Smith gives Atlanta another veteran frontcourt option while Mouhamed Gueye (foot) continues working back from July surgery. The 33-year-old struggled after returning from left ankle surgery last season, averaging 3.3 points and 2.5 rebounds in 16.8 minutes across 37 games with Houston while shooting just 27.0 percent from three. He'll need to regain his outside shot and carve out steady minutes before becoming much of a fantasy option.

The Atlanta Hawks are trading guard Ryan Nembhard to the Charlotte Hornets alongside guard/forward Buddy Hield and cash in exchange for forward Dorian Finney-Smith, according to ESPN's Shams Charania. ESPN's Ohm Youngmisuk reports that Charlotte is expected to waive Nembhard following the deal. The 23-year-old never appeared for Atlanta after arriving in the three-team trade involving Luguentz Dort this summer. Nembhard averaged 6.6 points and 5.3 assists across 60 games with Dallas last season, including 27 starts, while shooting 35.6 percent from three. Where he ends up next will play a big role in whether he can get enough minutes to matter in fantasy.