Because the Bucks decided to waive Lillard and use the stretch provision to open up cap space, Lillard had the chance to go wherever he wanted. An unrestricted free agent for the first time in his career, he chose to go home. He'll join the Portland Trail Blazers on a three-year, $42 million deal, according to ESPN's Shams Charania.

“Nine-time NBA All-Star Damian Lillard is finalizing a three-year, $42 million contract to return to the Portland Trail Blazers,” ESPN’s Shams Charania wrote Thursday. “Deal is expected to include a player option in 2027-28 and a no-trade clause. A storybook reunion home for the 35-year-old.”

Before Damian Lillard finalized a return to the Portland Trail Blazers in free agency, the Minnesota Timberwolves reportedly explored the possibility of signing the veteran NBA guard.