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NBA contract extension deadline: What you need to know

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The day before the start of the regular season is when teams must trim their rosters down to 15 players.

More importantly, however, is that Oct. 23 is the last day many players can sign a contract extension. Specifically, it's the deadline for players on the final year of a first-round rookie scale contract as well as extension-eligible veterans with two years left on their deal.

To date, seven first-round picks from the 2020 draft have signed rookie extensions: Anthony Edwards, Tyrese Haliburton, LaMelo Ball, Desmond Bane, Isaiah Stewart, Devin Vassell and Payton Pritchard.