It took a while, but the NBA trade season is officially here now that the Trae Young deal came together rather quickly. As usual, this post will be constantly updated to serve as a one-stop shop for every trade that happens up until the deadline.
Like last year's edition, the confirmed salaries come from Keith Smith's work at Spotrac, previously traded draft pick details come from RealGM, and I always make sure to list which reporter was first on the news. The latest deals will be added at the top of the post so that you don't have to keep scrolling to the bottom for updates, and salaries are color-coded based on whether they're player options, team options, or non-guaranteed.
Boston ducks the tax at the buzzer (Shams 2/5)
Hornets receive:
Celtics receive:
TBD but likely a fake 2nd, old draft rights, or minimal cash
2030 Hornets 2nd round pick (protected 31-55)
I was wondering why Boston would do the Minott deal and not have a follow up trade lined up to get out of the luxury tax completely, but it turns out there was one last deal to be reported an hour after the deadline passed. As long as the teams were in the queue to make the trade call into the league office by noon PST today, trades can go through.
The actual money saved here probably won't be a lot more than the reported $3.5 million that Charlotte is receiving now that so many teams got out of the tax to lower the league distribution. However, Boston making these moves could be important since it starts the path towards resetting the repeater penalty. They were taxpayers in each of the last three seasons to trigger that, so they'll need to also avoid the tax next season in order to not be penalized at such harsh rates in '27-28. The fact that they were able to get all the way from the Second Apron to this point and still be tied for 2nd in the East with no Jayson Tatum is pretty remarkable.
Update: The Hornets' official press release is out to confirm that it's a 2nd rounder with maximum protections that they're sending out, as expected.
Milwaukee re-routes Richards (Shams 2/5)
Bulls receive:
Bucks receive:
This will technically end up being a three-way trade with Phoenix's involvement below, but the main point is that Milwaukee is ending up with Dieng instead of Richards, who provides some much needed center help to Chicago.
Charlotte and Dallas flip new guards (Shams 2/5)
Mavericks receives:
Charlotte receives:
Even with both of these guards being acquired just yesterday, they can be traded here since it's a one for one deal without being aggregated. It makes sense, too, since Dallas could really use a set up man and now have more financial flexibility than over the summer. Fischer added that Jones was their main target over Russell but couldn't afford him at the time.
Charlotte didn't really have a need for another point guard, so this was probably to save a little bit of salary and get a look at the younger Branham, whom I liked as a mid-1st rounder coming out of Ohio State. Still only 22, he brings more size at guard to help replace Connaughton, who was waived as part of the Jones trade.
Update: Reading the press release, this technically got looped into the Mavs-Wizards trade that originally landed Branham in Dallas. I don't think that changes the trade mechanics, and Mavericks' Trade Exception worth Hardy's $6,000,000 should stay intact.
Indiana gets their center (Fischer that it was close, Shams and Siegel the deal 2/5)
Pacers receive: $20,756,880 total
| Ivica Zubac | $18,102,000 | $19,550,160 | $20,998,320 |
Clippers receive: $16,787,573 total
| Bennedict Mathurin | $9,187,573 |
| Isaiah Jackson | $7,600,000 | $7,000,000 | $6,400,000 |
2026 Pacers 1st round pick (protected 1-4 and 10-30, then becomes 2031 1st)
2029 Pacers 1st round pick
2028 Mavericks 2nd round pick
I don't think we've ever seen so many lottery teams be buyers (and all for big men), but since Zubac is on such a great contract, I get it in this case. Including this year's protected pick is fascinating since Indiana currently has the third-best lottery odds. If they stay in that position, then L.A. will have a 47.86% chance of the pick dropping to #5, #6, or #7, otherwise it will become an unprotected 1st five years from now instead of just rolling over to next year like most protections. I suppose the Clippers preferred it this way to try to maintain lottery upside given the uncertainty of the team that far down the line compared to them likely returning to playoff status next season.
The Pacers aren't like the Jazz or Wizards, of course, since they were just a game away from winning the Finals last season before having to take this gap year due to Tyrese Haliburton's torn Achilles. Now they've locked in his new pick and roll partner with a 28 year old (29 next month) who also made 2nd team All-Defense. And they could still add a top-4 pick (in a great draft) to this core with their odds basically coming down to a coin flip pending any big movement in the standings. Gozlan did point out the nearly $800K bonus that Zubac will get from his trade kicker, so I think this is how his salaries will now look:
| Ivica Zubac | $18,893,980 | $20,342,140 | $21,790,300 |
The Clippers 1st rounder that the Thunder own just got dangerously good again after they had been on a hot streak, but that was a sunk cost for them anyway. After making the Harden trade, cashing in on Zu at the likely peak of his value makes sense with the upside of this return.
In addition to the draft picks, Mathurin is nice get since he's only 23, averaging a career-high 17.8 points, and will be a restricted free agent. He didn't fit into Indy's long-term plans with the other money that they owe and the luxury tax basically acting as a hard cap for them, but he has a ton of talent and had his moments in their Finals run. I've never been particularly high on Jackson, but he does have strong rebounding rates. His shot blocking has seen big a dip in this first year back from his torn Achilles, though, so the money owed to him could be seen as negative.
