Live updates: Heat begins free agency with Hardaway addition

Key Points:

• LeBron James has informed the Lakers he is leaving, with the Miami Heat, Golden State Warriors, and Cleveland Cavaliers considered top contenders for his signing in free agency starting today at 6 p.m.
• The Miami Heat signed veteran guard Tim Hardaway Jr. to a one-year, $6.5 million deal to replace Tyler Herro, positioning themselves with about $6.5 million left on their mid-level exception for additional free agent signings.
• The Heat currently have 11 players under contract for next season, including newly acquired Giannis Antetokounmpo and Andrew Wiggins, and are approaching luxury tax territory with limited cap space to add more players.
• Heat president Pat Riley emphasized the importance of games played in free agent decisions, making it unlikely the team will retain Norman Powell, while the team awaits LeBron James' decision, which is expected to be influenced more by happiness than money.
• The Heat announced their summer league roster featuring a mix of contracted players, free agents, and draft picks, with summer league play beginning Friday at the California Classic and continuing at the Las Vegas Summer League in July.