NBA Trade Deadline Shocker: Unbelievable Deals Unfolding Before 3 P.M. Cutoff—Who’s Making the Biggest Moves?

As the clock ticks down to the NBA trade deadline, teams across the league are scrambling like never before—each trying to sculpt their rosters for what’s shaping up to be an unpredictable 2025-26 season. With powerhouses like the Oklahoma City Thunder stumbling and the Denver Nuggets battling nagging injuries, the championship race suddenly feels more unsettled than ever. You’ve got franchises pushing just to sneak into the playoffs, hoping a small tweak now leads to bolder moves come offseason, while others are locked into tank mode, eyeing those precious ping-pong balls for next year’s draft lottery. Trades involving marquee players have already rocked the landscape, including some eye-catching deals like Jaren Jackson Jr.’s move to the Utah Jazz, sparking debates over the cost and future impact of such blockbuster swaps. And with heavy hitters—Giannis Antetokounmpo among them—still on the market, expect the frenzy to continue right up to the final buzzer at 3 p.m. ET. We’re keeping a close watch on every transaction as they unfold, thanks to spot-on scoops from ESPN’s Shams Charania and others. Stay with us as we break down all the twists and turns in real time! LEARN MORE

The NBA trade deadline is the last chance for teams to make a meaningful move toward accomplishing their goals for the 2025-26 season. The league’s best want to compete for a championship, and suddenly the title picture feels wide open with the Oklahoma City Thunder’s recent stumbles and the Denver Nuggets’ nagging injuries. Some teams are happy just making the playoffs and showing improvement before a bolder move in the offseason. Others are gunning for ping-pong balls to find a new franchise savior in the NBA Draft lottery.

There have already been some stars traded ahead of the Feb. 5 deadline. Read our analysis of how Jaren Jackson Jr. fits the Utah Jazz, and if he’s worth the huge haul of future draft picks they gave up for him. With several big names still on the trade block including Giannis Antetokounmpo, the deals should go down to the 3 p.m.ET buzzer.

We are tracking every deal as they happen in this post. All of these trades were first reported by ESPN’s Shams Charania unless otherwise noted. Refresh it often.

Every 2026 NBA trade before the deadline

The Warriors acquired Kristaps Porzingis from the Atlanta Hawks in exchange for Jonathan Kuminga and Buddy Hield (Grades)
Hornets acquire Tyus Jones from Magic for cash
Hawks acquire Jock Landale from the Utah Jazz for cash considerations
Jazz acquire Lonzo Ball for Cavs for two second-round picks. Ball will be waived
Nets acquire Ochai Agbaji, a 2032 Raptors second-rounder from Toronto for tax relief
Hornets acquire Coby White, Mike Conley Jr. from Bulls for Collin Sexton, Ousmane Dieng, three second-round picks (Grades)
Thunder acquire Jared McCain from 76ers for first-round pick (originally owned by Houston) and three second-round picks (Grades)
Wizards acquire Anthony Davis, Jaden Hardy, D’Angelo Russell, and Dante Exum from the Mavericks for Khris Middleton, AJ Johnson, Malaki Branham, Marvin Bagley III, 2 first-round picks and 3 second-rounders (Grades)
Cavs acquire James Harden from Cavaliers for Darius Garland and a second-round pick (Grades)
Celtics acquire Nikola Vucevic and a second-round pick from Bulls for Anfernee Simons and a second-round pick
Bulls acquire Jaden Ivey from Pistons for Kevin Huerter and Dario Saric. Pistons acquire first-round pick swap from Timberwolves (Grades)
Jazz acquire Jaren Jackson Jr., John Konchar, Jock Landale and Vince Williams Jr. from Grizzlies for Walter Clayton Jr., Kyle Anderson, Taylor Hendricks, Georges Niang and three first-round picks (Grades)
Trail Blazers acquire Vit Krejci from Atlanta Hawks for Duop Reath and two second-round picks
Kings acquire De’Andre Hunter from Cavs for Dennis Schroder and Keon Ellis, sources tell ESPN. Bulls pick up two future second-round picks in the deal (Grades)
Wizards acquire Trae Young from Hawks for C.J. McCollum and Corey Kispert (Grades)