Cam Thomas Signs With Bucks
9:20 pm: Thomas has officially signed with the Bucks, per a press release from the team. It’s a minimum-salary deal, according to ESPN’s Bobby Marks at Sports Business Classroom, which means Milwaukee will carry a rest-of-season cap hit of $844,607.
4:37 pm: Thomas confirmed his decision to sign with the Bucks in a statement to Spears (Twitter link).
“I picked Milwaukee because they wanted me and they told me they’ve been interested for years now,” Thomas said. “So, it’s good to have this opportunity come to fruition. And I’m just hoping to meet everybody, get to know everybody and contribute as soon as possible.”
Thomas’ contract with Milwaukee will cover the remainder of the season, reports Eric Nehm of The Athletic.
4:02 pm: Free agent guard Cam Thomas has reached a contract agreement with the Bucks, agent Tony Ronzone tells Shams Charania of ESPN (Twitter link).
Thomas was waived by the Nets on Thursday evening after he wasn’t traded prior to the deadline. He was hoping he would be released if he wasn’t included in a deal so he could pick his next team.
“Super excited ready to actually help and contribute to another team,” Thomas told Marc J. Spears of Andscape. “My next team is getting elite scoring, good play-making and a good combo guard.”
Michael Scotto of HoopsHype linked Thomas to the Bucks multiple times leading up to the deadline. The Cavaliers also expressed trade interest in Thomas, according to Scotto, who reports (via Twitter) that the deal would have included Lonzo Ball and second-round draft compensation. The Cavs instead traded a pair of second-rounders to Utah take on Ball’s $10MM salary.
Thomas, 24, led the Nets in scoring during the 2023/24 and 2024/25 seasons. However, he was limited to just 25 games last season due to a left hamstring injury, which he strained again in early November. He wound up missing 20 consecutive games as a result of that injury.
Although Thomas is an undeniably talented scorer, he isn’t the most efficient offensive player, and his game isn’t very well-rounded. In 24 games this season, he has averaged 15.6 points, 3.1 assists and 1.8 rebounds on .399/.325/.843 shooting splits.
Milwaukee has an opening on its 15-man standard roster and won’t have to waive anyone to add Thomas. The Bucks also have an open two-way spot.
And-Ones: Hayes-Davis, Mills, Cap Room, Lacob, Seattle
After being traded from Phoenix to Milwaukee on Thursday and then being waived by the Bucks, veteran forward Nigel Hayes-Davis is on track to reach free agency later today, assuming he goes unclaimed.
A return overseas is a possibility for Hayes-Davis, who was the EuroLeague Final Four MVP for Fenerbahce in 2025. However, if he does head back to Europe, his goal is to become the league’s highest-paid player, according to Aris Barkas of Eurohoops. That honor currently belongs to Vasilije Micic, who is making $5.6MM, followed by Kendrick Nunn at $5.3MM (EuroLeague salary figures are post-tax).
Fenerbahce, Panathinaikos and Hapoel Tel Aviv have been in touch with Hayes-Davis’ camp, per Barkas, but Panathinaikos owner Dimitris Giannakopoulos announced on Instagram that the forward passed on the Greek team’s offer, as Eurohoops relays.
Here are more odds and ends from around the basketball world:
- Veteran guard Patty Mills hasn’t played in the NBA at all this season, but he’s not ready to retire as a player quite yet. Sources tell Donatas Urbonas of BasketNews.com that Mills, who spent last season with the Jazz and Clippers, is exploring potential options in the EuroLeague.
- Following this week’s trade deadline activity, Keith Smith of Spotrac (Twitter link) and Yossi Gozlan of The Third Apron (Twitter link) provide an early look at the cap space landscape for the summer of 2026. They both view the Lakers, Bulls, and Nets – in some order – as the teams likely to have the most room, though the numbers remain in flux due to draft picks, cap holds, and option decisions.
- Warriors owner Joe Lacob has interest in buying the San Diego Padres and is considering making a bid when initial offers are due later this month, per Dennis Lin and Mike Vorkunov of The Athletic. We have more details at MLB Trade Rumors about the Padres’ ownership situation and the bidders Lacob could be going up against.
- Washington governor Bob Ferguson had an introductory Zoom meeting with NBA commissioner Adam Silver on Thursday to discuss the possibility of bringing back the SuperSonic to Seattle, according to Jack Bilyeu of KIRO 7 News. The governor’s office said it was a “good conversation” and that Ferguson offered to “be helpful” as the NBA explores the possibility of expansion, with Seattle believed to be high on its list.
Raptors Notes: Kessler, Jackson-Davis, CP3, Martin, Poeltl
The Raptors were connected to several notable big men ahead of the trade deadline, but Anthony Davis went to Washington, Domantas Sabonis stayed put in Sacramento, and the cost of acquiring a mid-priced big like Day’Ron Sharpe of the Nets or Goga Bitadze of the Magic was described by sources as “unrealistically high,” according to Michael Grange of Sportsnet.ca.
“I think, at this point, with this group, we didn’t want to chase,” general manager Bobby Webster said of the Raptors’ approach to the trade deadline. “We didn’t want to be in a situation where you felt like you were overpaying. We’re still on the upward climb … we’ve had a pretty positive start; the group is coming together. There will be a time where we’re gonna push in and consolidate and add some picks, but we just felt the prices at this point were a little high for us.”
Given how many centers the Raptors were linked to in the weeks leading up to the trade deadline, it was all the more fascinating that Webster dropped the following tidbit during an appearance on Sportsnet 590 The Fan (Twitter audio link) after the deadline passed: “I’d probably say the one big thing we went after wasn’t even reported.”
What might that “big thing” have been? According to Brett Siegel of ClutchPoints (Twitter links), there were some rumblings that Toronto made a push for fourth-year center Walker Kessler, whom the Jazz haven’t been interested in moving. If Kessler is a legitimate Raptors target, they could pursue him again when he reaches restricted free agency this summer, but their limited cap flexibility would make that challenging.
Here’s more on the Raptors:
- Toronto did make one addition to its frontcourt at the deadline, sending a second-round pick to Golden State for big man Trayce Jackson-Davis. He was a player the club had on its radar for a while, according to Webster. “We’ve always had our eye on him in the past, but timing matters too,” the Raptors’ general manager said, per Grange. “We called on him before, but Golden State got another big (Kristaps Porzingis) and I think it was sort of time for him to be free. So, when we did the Ochai (Agbaji) deal (to get below the tax), we had the ability. We didn’t have a lot of money to spend, but we looked at anyone under $3MM that we could bring in and he quickly rose to the top of the list.”
- In a separate story for Sportsnet.ca, Grange passes along quotes from Jackson-Davis, who expressed enthusiasm about his new NBA home and said he learned a lot in Golden State playing alongside veterans like Stephen Curry, Klay Thompson, Draymond Green, and Chris Paul over the past two-and-a-half seasons. Head coach Darko Rajakovic said Jackson-Davis made “really good first impressions” in his first practice in Toronto. “You can see that he’s a very smart player,” Rajakovic said. “He’s picking up things very quickly. … We’re going to allow him to get incorporated into the team and to show us who he is and how best I can use him.”
- The Raptors also acquired Chris Paul at the trade deadline as part of their Agbaji trade, but the veteran point guard won’t suit up for Toronto. He’ll be waived “at the appropriate time,” Webster said on Thursday. Unless Paul has a post-waiver destination lined up, there will likely be no urgency for Toronto to make that move until the team needs its 15th roster spot, notes Blake Murphy of Sportsnet.ca (all Twitter links). Grange suggested that last roster spot could eventually go to two-way player Alijah Martin.
- Raptors starting center Jakob Poeltl, who has been out since December 21 due to back issues that have bothered him all season, is listed as questionable to play on Sunday after practicing on Saturday, tweets Josh Lewenberg of TSN.ca. “We saw a lot of doctors about it. To be honest, I don’t want to get into too much details about it,” Poeltl said when asked about his back injury, according to Grange. “The point is I’m feeling better now. I did a couple different treatment options. So, yeah, I’m glad to be feeling better.” The veteran big man added that he wasn’t bothered by the fact that his name kept popping up in trade rumors leading up to Thursday’s deadline, tweets Ryan Wolstat of The Toronto Sun.
Post-Deadline Notes: 2027 Draft, Tanking, Pacers, More
Two teams near the bottom of the NBA’s standings, the Wizards and Jazz, raised eyebrows this week by making blockbuster deals for veterans stars Anthony Davis and Jaren Jackson Jr., respectively.
According to Tim Bontemps of ESPN, Washington’s and Utah’s willingness to push their rebuilds forward by sacrificing 2026 cap room and attempting to contend next season reflects not just the lack of top-level free agents expected to be available this summer but a league-wide lack of enthusiasm about the 2027 draft class.
While the 2026 draft is viewed as especially strong, the same can’t be said for ’27 or ’28 — sources tell Bontemps that neither year rates nearly as high as the ’26 class. In other words, after this year, there will be less incentive for teams like the Wizards and the Jazz to remain deep in lottery territory, pursuing high draft picks.
Still, the key caveat there is “after this year.” As Sam Vecenie of The Athletic writes, the NBA’s race to the bottom might get ugly in the next couple months, with the Wizards and Jazz still extremely motivated to hang onto their top-eight protected 2026 first-rounders while other sub-.500 clubs like the Kings, Pacers, Nets, Mavericks, Grizzlies, Bucks, and Bulls also have incentive to lose as much as possible.
The NBA is reportedly considering rule changes to discourage tanking and already has the ability to penalize teams for resting certain healthy players and/or mischaracterizing injuries. But teams will likely be willing to push the boundaries of the current rules and risk facing fines if it helps them secure a top 2026 pick, Vecenie writes.
“The value of confirming a top-five pick or improving your chances at a top-two pick in this draft class is very large,” one executive told The Athletic. “Is it worth $5 million if you keep getting fined by the PPP (player participation policy) and the price tag rises? Is it worth $10 million if you’re successful? We haven’t done modeling on that, but it wouldn’t surprise me if a team has and comes to the conclusion that getting access to one of the top players in this draft is worth a certain amount in fines.”
Here are a few more notes related to this year’s trade deadline and what’s to follow:
- In another story for ESPN.com, Bontemps spoke to scouts and executives about their impressions of the trade deadline, which included lottery teams emerging as buyers and many of the top contenders standing pat or making minimal roster adjustments. “These aprons are tough to build around,” one Western Conference scout told ESPN. “It means teams are going to have to negotiate harder moving forward.”
- Bontemps adds that people around the league are debating whether the Pacers will tank the rest of the way in the hopes of keeping their top-four protected 2026 first-round pick or go all-out in an effort to move up the standings in the hopes of pushing the pick to its other protected range (10-30). “If it was me, I would tank and get the best possible odds at the high pick,” an Eastern Conference executive said. “But if they choose to get to 10, I think they could.” The Clippers pushed for that 10-30 protection, according to Tony East of Circle City Spin, since they’d rather take their chances on an unprotected 2031 first-rounder if it doesn’t land between No. 5 and No. 9.
- The trades that didn’t get done at this season’s deadline could set the stage for a “wild” summer, ESPN’s Brian Windhorst said during a TV appearance on Thursday. “There’s a lot of unfinished business that didn’t get done,” Windhorst said, per RealGM, pointing to the Heat, Timberwolves, Knicks, and Cavaliers as some candidates to shake up their rosters if their postseason runs don’t go as planned. “… You will see a revisiting of the Giannis (Antetokounmpo) situation in the summer. “We know that the Clippers are now in the middle of a controlled tear-down. I don’t want to use the word ‘rebuild.’ What about Kawhi Leonard? And then you look at Domantas Sabonis — he was being floated and they couldn’t do a deal for him. None of that mentions Ja Morant.”
- This year’s “weird” trade deadline was characterized by “too-late” trades, according to John Hollinger of The Athletic. As Hollinger explains, players like Davis, Trae Young, Jonathan Kuminga, and a handful of Bulls would’ve been warranted stronger packages if they had been moved earlier, but those teams instead settled for modest returns.
Nuggets Trade Hunter Tyson To Nets To Duck Tax
10:39 pm: The trade is official, per NBA.com’s transactions log. The Nets have released Tyrese Martin to make room on their roster for Tyson, the team announced (via Twitter).
Tyson has also been waived, tweets Michael Scotto of HoopsHype.
12:58 pm: The Nuggets and Nets have agreed to a trade that will send forward Hunter Tyson to Brooklyn along with a 2032 second-round pick, reports Shams Charania of ESPN (Twitter link). In return, Denver will acquire the least favorable of the Clippers’ and Hawks’ 2026 second-rounders, Charania adds.
The move had been anticipated since Denver was operating just $400K-ish above the luxury tax line, with Tyson considered the most expendable minimum-salary player on the roster.
The trade will allow the Nuggets to duck the tax and create a second opening on their 15-man roster — they’ll have up to two weeks to add a new 14th man, with two-way standout Spencer Jones looking like the obvious candidate to fill that spot on a new standard deal. Michael Scotto of HoopsHype (Twitter link) confirms that promoting Jones is the plan.
Even after completing that move, Denver will have a roster opening that could be filled on the buyout market, and Bennett Durando of The Denver Post (Twitter link) confirms the team intends to be active on that front.
Tyson, 25, was the 37th overall pick in the 2023 draft and has spent the past three seasons with the Nuggets, but never became a trusted part of Michael Malone‘s or David Adelman‘s rotation. The 6’8″ forward has made 90 total regular season appearances, averaging 2.2 points and 1.4 rebounds in 6.8 minutes per game.
The Nuggets will create a small trade exception equivalent to Tyson’s $2.2MM outgoing salary in the deal.
Celtics Trade Josh Minott To Nets
9:52 pm: The trade is official, according to announcements from the Celtics and the Nets. Brooklyn sent cash to Boston to complete the deal and has formally waived Cam Thomas to make room on the roster for Minott.
The Celtics received $110K from the Nets, tweets Brian Lewis of The New York Post. That was the minimum necessary to make the deal legal.
1:15 pm: The Celtics are trading Josh Minott to the Nets, Shams Charania reports for ESPN (Twitter link). According to Erik Slater of ClutchPoints (Twitter link), no additional players or draft picks are involved in the deal.
Boston signed Minott last summer to a two-year, minimum-salary deal that includes a second-year team option. The athletic 6’8″ wing appeared in 33 games for the Celtics this season, including 10 starts, and averaged 5.8 points and 3.6 rebounds while shooting 44.2% from three.
While Minott played reasonably well in Boston, he has been out of the rotation since before Christmas, and moving off his contract will help the Celtics reduce their luxury tax bill or perhaps even get out of the tax entirely, though at least one more move would be necessary to accomplish that.
Keith Smith of Spotrac (via Twitter) points to Xavier Tillman Sr. as a name to keep an eye on if the Celtics are aiming to duck the tax.
[UPDATE: The Celtics have indeed traded Tillman.]
As for the Nets, they’ll use their cap room to absorb Minott’s contract. It’s unclear whether they like him and will make him part of their plans going forward or if they’re being incentivized with cash to take on his remaining salary.
Nets Waive Cam Thomas
9:50 pm: The Nets have officially waived Thomas in order to complete their acquisition of Josh Minott.
2:10 pm: After not trading him at today’s deadline, the Nets are waiving fifth-year guard Cam Thomas, reports Shams Charania of ESPN (Twitter link).
Assuming Thomas goes unclaimed on waivers, he’ll be eligible to sign with any NBA team that has room on its roster and under its hard cap for him.
Thomas wasn’t with the Nets on their flight to Orlando on Wednesday and was listed as out for tonight’s game due to personal reasons, so there were hints that a split was coming.
He held a de facto no-trade clause after signing his qualifying offer as a restricted free agent last summer, which limited Brooklyn’s ability to move him. The Cavaliers and Bucks were mentioned as possibilities, but no trade emerged before the deadline.
Thomas and his representatives were hoping the Nets would release him if he wasn’t traded so he could pick his next team once he clears waivers, according to Ian Begley of SNY.tv (Twitter link).
Thomas shared his outlook with Marc J. Spears of Andscape (Twitter link), saying, “Super excited ready to actually help and contribute to another team. My next team is getting elite scoring, good play-making and a good combo guard.”
Thomas has been a reliable scorer for Brooklyn, but injuries have limited his playing time as he appeared in just 25 games last season and 24 this year. The Nets didn’t make a strong effort to work out a long-term contract in free agency, and it became clear that his future was probably with another team.
Warriors Trade Trayce Jackson-Davis To Raptors
February 5: The trade is official, the Warriors confirmed (via Twitter).
February 4: The Warriors will send backup center Trayce Jackson-Davis to the Raptors in exchange for a 2026 second-round pick that originally belonged to the Lakers, according to ESPN’s Shams Charania (Twitter link).
Jackson-Davis, 25, saw rotation minutes during his first two seasons, but his role has been reduced this year. He has appeared in just 36 games and is averaging 4.2 points and 3.1 rebounds in 11.4 minutes per night.
He makes $2.2MM this season and his contract includes a $2.4MM team option for 2026/27.
Charania notes that Toronto adds some size to its frontcourt by using the space created by trading Ochai Agbaji earlier in the day while managing to stay out of tax territory.
The Raptors explored several options for another big man, including the Pelicans‘ Yves Missi, the Nets‘ Day’Ron Sharpe and the Magic’s Goga Bitadze, tweets Josh Lewenberg of TSN Sports. However, it would have taken a first-round pick to land any of them and the Raptors were comfortable picking up Jackson-Davis while parting with the second-rounder they acquired when they sent Davion Mitchell to Miami a year ago.
The Jackson-Davis trade, coupled with the deal that sends Jonathan Kuminga and Buddy Hield to Atlanta, gives the Warriors enough roster flexibility to convert two-way guard Pat Spencer to a standard deal, notes Jake Fischer of The Stein Line (Twitter link). Spencer is just one game away from reaching his limit of 50 active games.
Chris Paul To Raptors, Ochai Agbaji To Nets In Three-Team Deal
February 5: The three-team trade is now official, according to the Nets (Twitter link), who have waived veteran wing Haywood Highsmith in order to create a roster spot for Agbaji.
As Gozlan tweets, Brooklyn now has about $8.9MM in cap room remaining and also still has its $8.8MM room exception, which could be used to absorb another salary in a deadline deal.
February 4: The Clippers, Raptors, and Nets are in agreement on a three-team trade that will send guard Chris Paul from Los Angeles to Toronto, reports Shams Charania of ESPN (Twitter links).
Fourth-year forward Ochai Agbaji is headed from Toronto to Brooklyn in the deal, along with the Raptors’ 2032 second-round pick, says Charania. The Clippers will receive the draft rights to 2019 second-rounder Vanja Marinkovic from the Nets, according to Jake Fischer of The Stein Line (Twitter link), and will send $3.5MM in cash to Brooklyn, per NBA insider Chris Haynes (Twitter link).
The Raptors won’t require Paul to report to the team, according to Charania, who suggests the veteran point guard may be flipped to another club before Thursday’s deadline. If not, he’ll likely be waived.
It’s a cost-cutting move for both the Clippers and Raptors. The Clippers will open up an extra roster spot and create breathing room below their hard cap, which they’ll likely use to promote two-way players Jordan Miller and Kobe Sanders to standard contracts. Toronto, meanwhile, will duck below the tax line by swapping out Agbaji’s expiring $6.4MM contract for Paul and his $2.3MM cap hit, creating a $6.4MM trade exception in the process.
The Nets will take advantage of being the NBA’s only team with cap room by taking on a half-season of Agbaji, receiving more than enough cash to cover his remaining salary, and adding another second-round pick to their sizable collection of draft assets in the process. Acquiring Agbaji will bring Brooklyn’s cap room below $9MM, though the team would also have the option of using its $15MM+ in room in a separate deal, then absorbing the Raptors forward using its room exception.
The Nets have a full 15-man roster, so they’ll need to trade or waive a player to create room for Agbaji.
The Clippers announced over two months ago that they were “parting ways” with Paul, who wasn’t a good cultural fit, but that just meant he’d no longer be around the team, not that he was off the roster. L.A. didn’t want to waive him since it would mean eating his guaranteed salary and leaving his $2.3MM cap hit on the team’s books, compromising the front office’s ability to make additional moves around the edges of the roster.
L.A. will now have about $3.4MM below its first-apron hard cap along with a pair of open roster spots, notes cap expert Yossi Gozlan (Twitter links). Toronto will be roughly $3.1MM below the tax line and will also have two openings on its standard 15-man roster.
Trade Rumors: Morant, Thomas, Gafford, Hawks, Raptors
While Sacramento has been one of the teams linked to Ja Morant, the Grizzlies guard and his camp don’t have interest in a trade to the Kings, according to Kelly Iko of Yahoo Sports, who reports (via Twitter) that Morant’s other rumored suitors – the Heat and Timberwolves – would rank much higher on his wish list.
The Kings essentially reciprocate Morant’s tepid interest, says Sam Amick of The Athletic. As Amick explains, Sacramento hasn’t ruled out the possibility of acquiring Morant, but would want Memphis to add draft capital as an incentive to take on his maximum-salary contract, which runs through 2027/28. The Grizzlies, on the other hand, are looking to acquire a draft pick or two in a Morant deal, even if it means taking on some unwanted salary.
The Kings also have potential fit and chemistry concerns about Morant, Amick adds, noting that a deal between the two teams appears unlikely.
While that could just leave Miami and Minnesota in the running for Morant, Jake Fischer of The Stein Line (Twitter link) says he’s been advised not to rule out the Bucks. All three of those teams may need resolution on the Giannis Antetokounmpo situation before they can realistically make a play for the Grizzlies guard.
We have more trade rumors from around the NBA:
- Nets guard Cam Thomas wasn’t with the team for its flight to Orlando today and is listed as out for Thursday’s game due to personal reasons, tweets Fischer. Thomas holds a de facto no-trade clause after signing his qualifying offer as a restricted free agent in 2025, but has long been considered a trade candidate and is drawing interest from the Cavaliers and Bucks, league sources tell Michael Scotto of HoopsHype (Twitter link).
- The Hawks have maintained interest in Mavericks center Daniel Gafford, according to Marc Stein of The Stein Line (Twitter links), who reports that Dallas has been seeking a first-round pick for Gafford and Atlanta has only been willing to give up second-round capital. Stein’s report came in just before word broke that the Hawks had agreed to acquire Jock Landale from Utah — adding a minimum-salary big man on an expiring deal wouldn’t preclude a trade for Gafford, who is under contract for three more seasons after this one, but it may reduce Atlanta’s need for immediate help in its frontcourt.
- The Raptors were engaged in trade talks with the Mavericks about Anthony Davis before Dallas agreed to send him to Washington, according to Tim MacMahon of ESPN, who says Toronto also spoke to the Grizzlies about Jaren Jackson Jr. prior to the trade that sent the big man to Utah. The Raptors, who are on the lookout for a frontcourt upgrade, have also discussed Domantas Sabonis but reportedly reached an impasse in their negotiations with Sacramento.