The 2021 NBA free agency period will begin on Monday, August 2 at 6 p.m. EST, reports Shams Charania of The Athletic (Twitter link).

Teams and players will be able to enter into contractual agreements at this point. However, with some exceptions, they will be able to formally conclude these agreements only after the lifting of the moratorium.

As Charania details, the moratorium on free agencies will officially begin at 12:01 a.m.ET on August 3 and end on Friday August 6. confirmed Charania’s report, announcing that the moratorium will be lifted at 12:01 a.m. ET on August 6, when the agreed exchanges and free agent signatures can be officially finalized.

Typically, the NBA Finals ended in mid-June, followed about a week later by the draft, with free agency starting on the evening of June 30 and the moratorium covering the first few days of July. However, the NBA schedule has been pushed back by about a month this offseason due to the reshuffled schedule. The project will be take place July 29.

Kawhi leonard (player option), John collins (RFA), Lonzo Ball (RFA), Kyle Lowry, DeMar DeRozan, Mike Conley, Dennis schroder, Victor Oladipo, Spencer dinwiddie (player option) and Jarrett allen (RFA) should be among the best free agents available this summer.

It’s also worth noting that, with the Olympic qualifying tournaments slated for June 29-July 4, and the Olympics themselves set to start on July 24, several players who do not yet have a contract for 2021-2022 may need to be deciding whether or not they feel comfortable competing in the Tokyo Games – or qualifying – before they close their next deals.