Trade Rumors: Nets, Thomas, Mavs, Suns, Sabonis, Pacers, More
As the only NBA team with cap room, the Nets figure to be active on the in-season trade market and will be open to taking on unwanted salary if it comes attached to a more valuable asset. However, as Brian Lewis of The New York Post writes (subscription required), there will be over-the-cap teams around the NBA with the ability to accommodate salary dumps using various exceptions, so Brooklyn will have competition in that space.
“It’ll be interesting. There’s other teams in the market for taking on money: Utah will be in that market, Washington will be in that market,” an assistant GM told Lewis. “We’ll see if the Nets — again, it’s worked out for (general manager) Sean (Marks) in some respects — but the Nets have often charged a premium for (that). They’ve wanted to hold to their valuation and get a number they feel really good about. So we’ll see if they get undercut in that salary dump market, if other teams want to do it cheaper.”
According to Lewis, the Nets are also expected to listen to inquiries on several of their own players, including guard Cam Thomas. But Thomas has the ability to veto any deal that involves him and it’s unclear whether there will be much of a market for him anyway, Lewis writes.
“Obviously, we’ve all seen him have these games where he can fill it up, and there’s a certain segment of the Nets fan base that is obsessed with him,” a veteran Eastern Conference executive said of Thomas. “And yet, I think this is another coaching staff now where it doesn’t seem like the coaching staff (is all-in on) him, doesn’t seem like he helps the team win.
“But I try to value every player around the league, to understand what other teams are going to do. And I wonder if anybody is going to pay him a mid-level. I know he thinks he’s worth a lot more than that, but he won’t get more than that. I feel like I wouldn’t be interested in really having him on my team at all. But also, as you say that, then you play against him and he scores 30 points … in one of those games where shots are going in and you feel like an idiot for saying it.”
Here are several more trade-related notes and rumors from around the NBA:
- Checking in on the Mavericks‘ trade plans, Christian Clark of The Athletic says the team is willing to listen on several of its veterans, but wants to be competitive and isn’t inclined to hold a fire sale prior to this season’s deadline. Clark also spoke to multiple sources with rival teams who think Dallas is more likely to hang onto Anthony Davis through the deadline than trade him on or before February 5.
- Sam Amick of The Athletic recently suggested that the Suns have had interest in Kings center Domantas Sabonis in the past and could be among his suitors if he’s on the trade block this season. However, Gerald Bourget of Suns After Dark (Patreon link) hears from a source that Phoenix isn’t interested in making a play for Sabonis.
- Following up on rumors indicating that the Pacers are on the lookout for their center of the future, Dustin Dopirak of The Indianapolis Star considers which players Indiana might target on the trade market.
- Looking ahead to the trade deadline, Zach Harper of The Athletic considers which NBA teams should be preparing to buy, which will be sellers, and which will probably end up standing pat. Meanwhile, John Hollinger of The Athletic shares his “All-Deadline Team” for 2025/26, identifying several players he thinks will dominate trade rumors and be involved in deals this season. In addition to obvious names like Jonathan Kuminga, Hollinger spends some time discussing more under-the-radar trade candidates like Timberwolves guard Mike Conley, Thunder forward Ousmane Dieng, Spurs forward Jeremy Sochan, and Wizards guard CJ McCollum.
- In his own look ahead at trade season, Kurt Helin of NBC Sports singles out a few potential candidates to be dealt and considers potential fits for some of them, speculating that Nets center Nic Claxton could be an option for the Warriors and suggesting that the Lakers will have interest in Kings guard Keon Ellis.
Jerami Grant Among Possible Targets On Bucks’ Radar
Echoing recent reporting from Marc Stein and Eric Nehm, Jake Fischer writes in his latest story for the Stein Line Substack that the Bucks are conveying to rival teams that they’d prefer to upgrade their roster around Giannis Antetokounmpo rather than move their superstar forward.
One rival general manager who spoke to Fischer even suggested the Bucks are giving the impression that “they’re going big-game hunting” on the trade market.
Whether Milwaukee will maintain that stance by the February 5 trade deadline remains to be seen. As Fischer writes, some teams believe they’ll eventually pivot and become sellers, and many executives around the league think it would be in the Bucks’ best long-term interests to move Antetokounmpo sooner rather than later, even if he doesn’t request a trade.
For now though, given the Bucks’ lack of tradable draft picks, Fischer suggests that if they do pursue an upgrade, it might make sense to target a player whose contract isn’t especially team-friendly, since the cost would be lower. Kings guard Zach LaVine is one player who fits that bill and has been linked to Milwaukee. According to Fischer, Trail Blazers forward Jerami Grant is another player who has been on the team’s radar, both this season and in past years.
Grant is earning $32MM in 2025/26 and is owed another $70.6MM for the two seasons after this one. He had a down year in ’24/25, but has bounced back this fall, with averages of 20.0 points, 3.8 rebounds, and 2.6 assists per game on .438/.395/.863 shooting through his first 25 outings.
Grant’s value has likely rebounded to some extent as a result of his strong start, and Fischer notes that general manager Joe Cronin has long been a fan of the veteran forward. Still, his contract probably isn’t considered to have positive value, so the idea of trading for Grant and perhaps seeking a draft pick in the deal (the Blazers control a handful of future Milwaukee picks as a result of the Damian Lillard trade) could appeal to the Bucks.
Heat forward Andrew Wiggins and Pelicans guard Dejounte Murray are two other players who have piqued the Bucks’ interest in the past, according to Fischer, who hears from sources that Milwaukee “regularly” called Golden State about Wiggins before he was dealt to Miami last season and also spoke to Atlanta about Murray before he was sent to New Orleans. Murray hasn’t played yet in 2025/26 due to a torn Achilles, but the Pelicans are hopeful he could return as soon as next month, per Fischer.
Fischer identifies Lakers guard Marcus Smart and Mavericks forward P.J. Washington as two more players the Bucks have previously had interest in, but acknowledges that Los Angeles is unlikely to move one of its best defenders, while Washington isn’t trade-eligible this season after recently signing an extension in Dallas.
Although Fischer doesn’t mention either player specifically, at least one of forward Kyle Kuzma ($22.4MM) or new center Myles Turner ($25.3MM) would almost certainly have to be part of any significant Bucks deal not involving Giannis. Outside of Antetokounmpo ($54.1MM), they’re the only players on the roster earning more than $13.5MM this season.
Stein’s Latest: Antetokounmpo, Lakers, Porzingis, Johnson, Spencer
Not much has changed on the Giannis Antetokounmpo trade front, Marc Stein writes in his latest article for the Stein Line (Substack link). However, according to Stein, there have been some indications which teams would – and wouldn’t – become players for Antetokounmpo should the Bucks, who lost by 45 points to the Nets on Sunday, make him available.
Teams are waiting for signals from the Bucks that they are open for business, but those signals have yet to come, according to Stein, who hears there have actually been whispers that Milwaukee will actually go the opposite way and look to reinforce the roster around its superstar forward.
If Antetokounmpo does end up on the trade block, some of the teams best positioned to pursue him may not enter the mix. Stein suggests there’s a “growing belief” that the Spurs, Rockets, and Thunder are happy with their current cores and won’t be looking to break them up to try to land the two-time MVP.
We have more from Stein:
- The Lakers‘ loss to the Victor Wembanyama-less Spurs in the NBA Cup quarterfinals helped emphasize L.A.’s dire need for perimeter on-ball defenders, Stein writes. “I think being able to contain the basketball is probably the most difficult thing for our team right now,” Lakers head coach JJ Redick said after that game. According to Stein’s sources, the Lakers are hoping to target three-and-D players at the trade deadline, but the player pool – beyond Kings guard Keon Ellis – is relatively limited for now. Stein also notes that Los Angeles’ preferences in any deal would be to bring in a player on a similar age timeline as Luka Doncic and Austin Reaves, who are 26 and 27, respectively.
- Any major moves made by the Hawks during this trade deadline are expected to include Kristaps Porzingis‘ $30.7MM expiring deal, Stein reports. However, he notes the recent announcement that Porzingis would miss the next two weeks due to an unspecified illness could complicate a potential deal, given the similar health problems that limited the Latvian big man during the 2025 playoffs.
- Jalen Johnson is expected to be off-limits in any trade talks for the Hawks. Johnson posted his fourth-straight triple-double on Sunday night, which Stein notes (via Twitter) ties Nikola Jokic for the longest streak this season. Johnson has been instrumental in keeping Atlanta competitive with Trae Young having been limited to just five games this season due to a knee injury. The Hawks have posted a 12-9 record without Young, and Johnson has averaged 23.8 points, 11.2 rebounds, and 8.8 assists per game in that span.
- Warriors guard Pat Spencer is viewed as a near lock to have his two-way contract converted to a guaranteed deal, Stein writes. Entering Sunday, Spencer has been active for all 26 Golden State games, meaning he’s over halfway to his 50-game limit. The third-year guard is posting career-highs across the board, averaging 7.7 points, 3.3 assists, and 2.6 rebounds in 16.4 minutes per game on .457/.424/.900 shooting splits. The Warriors currently have a full 15-man roster and are only operating about $264K below their hard cap, so they’ll need to make another move before they’re able to convert Spencer.
Lakers Notes: Vanderbilt, Reaves, Smart, Buss Brothers
The Lakers‘ success has helped to mask their defensive deficiencies, but they’ve been a concern all season long, writes Broderick Turner of The Los Angeles Times (subscription required). Even though L.A. is off to a 17-7 start, the team ranks 18th in the league in points surrendered at 116.8 per game, 22nd in opponents’ field goal percentage at 48.1% and 27th in opponents’ three-point shooting at 38.2%.
Jarred Vanderbilt, who has made just one brief appearance in the past 10 games, is hoping he can help improve those numbers. A spot is the rotation has opened up while Austin Reaves recovers from a mild calf strain, and Vanderbilt could be called upon, beginning with Sunday’s game at Phoenix.
“Oh, yeah, I’m pretty eager,” he said after Saturday’s practice. “I mean, obviously, I think a lot of the stuff we lack, I think I can help provide on that end.”
The Lakers were hoping to be in Las Vegas this weekend for the NBA Cup semifinals, but they were eliminated Wednesday in a game where they gave up 132 points to San Antonio. Vanderbilt is averaging just 4.3 PPG and shooting 43.1% from the field, so his limited production has kept him on the bench, but his value could rise if coach J.J. Redick decides to place a greater emphasis on defense.
“It’s been a trending thing even when we was winning, so I think like you said, the defense still wasn’t there, but we was just outscoring everybody,” Vanderbilt told Turner. “So, I think obviously during the loss, it’s an appropriate time to address certain things just so it won’t keep lingering and get worse.”
There’s more on the Lakers:
- Redick said the team will be careful with Reaves’ recovery, but he doesn’t expect it to turn into a prolonged absence, Turner adds. Reaves played nearly 40 minutes on Wednesday before the issue was discovered. “It’s a mild strain, Grade 1, and he’ll be out for a week,” Redick said. “I would venture to say every player is a little bit different, but players now are becoming more cautious — to use that word again — more cautious when they get those diagnoses with the calf. Everything looks clean. It’s not in the deep part.”
- Marcus Smart said defense was the primary topic during a team meeting on Friday (Twitter video link from Khobi Price of The Orange County Register). “It exposed us a lot, which we already knew,” Smart said. “… The scouting report against us is we’re not guarding people. And if we want to be great in this league and do what we’re trying to do, you have to be able to guard.”
- After being removed from their front office roles with the Lakers last month, Joey Buss and Jesse Buss may consider investing in Major League Baseball’s Athletics franchise, according to Bill Shaikin of The Los Angeles Times (subscription required). Two sources confirmed to Shaikin that discussions took place, but they’re described as preliminary. The Buss brothers still have their ownership stakes in the Lakers.
Austin Reaves Out At Least One Week With Mild Calf Strain
Lakers guard Austin Reaves has been diagnosed with a mild left calf strain and will miss at least one week, which is when he’ll be reexamined, the team announced today (Twitter link via Dan Woike of The Athletic).
As Law Murray of The Athletic notes (via Twitter), Los Angeles plays twice over the next week (at Phoenix on Sunday and at Utah next Thursday). Reaves will likely miss both of those contests before he’s evaluated again.
The 6’5″ guard is off to a terrific start to the season, averaging 27.8 points, 6.7 assists and 5.6 rebounds in 36.9 minutes per contest. All of those figures represent career highs.
Reaves, who has been highly efficient on offense (.503/.369/.875 shooting line and a .665 True Shooting percentage), has made 21 appearances so far for the Lakers. He missed three games in early November due to a right groin injury.
With Reaves out at least two games, Gabe Vincent and Marcus Smart are the most obvious candidates for more backcourt minutes, while LeBron James will likely to take on more play-making duties.
Lakers Notes: Jones, Defense, LeBron, Smart
Pelicans wing Herbert Jones is the player most frequently mentioned by rival scouts and executives as a potential in-season trade target for the Lakers, according to Dan Woike of The Athletic.
However, despite rumors that New Orleans is more open to fielding calls on Jones than in the past, sources tell Woike that New Orleans isn’t particularly interested in moving the defensive ace, who will become trade-eligible on January 14. As Woike points out, the Lakers would have a hard time putting together a viable package for Jones even if the Pelicans were open to a deal, since Los Angeles can only trade one future first-round pick.
That tradable first-rounder – which would be for either the 2031 or 2032 draft – isn’t considered as valuable by rival teams as it once was, according to Woike. Last season’s trade for Luka Doncic, as well as Mark Walter‘s purchase of the team, make it less likely that the Lakers will bottom out in the coming years, which limits the upside of even a far-out draft pick.
Here are a few more items of interest on the Lakers:
- The reason the Lakers would be so interested in Jones is that he would provide the team with a much-needed defensive stopper. After giving up 132 points to San Antonio on Wednesday, L.A. now ranks 21st in the NBA in defensive rating (116.7). LeBron James expressed confidence that the Lakers will “continue to get better” on that end of the court, per Woike, but both James and head coach JJ Redick stressed the importance of establishing the right habits. “Our second half against Philly (on Sunday) was the most physical we’ve been, particularly off-ball,” Redick said, according to Law Murray of The Athletic. “But the physicality, and the shifts, and then the closeouts, that’s the essence of our defense. So if we’re not doing those things well, it’s hard for us to guard.”
- James’ longtime agent Rich Paul expressed during the first episode of the ‘Game Over with Max Kellerman and Rich Paul’ podcast for The Ringer (YouTube link) that he doesn’t think the Lakers “have enough” to get to the Western Conference Finals this season. Asked on Wednesday about the Lakers’ postseason upside, LeBron himself said it’s still too early to speculate. “What I can say is that the habits that we build throughout the regular season each month [are what is important],” James said, per ESPN’s Dave McMenamin. “If we are in a position to make it to the postseason and be able to get to that point, well, we have to build it now. But as far as talking about what type of damage we’re going to do in the postseason in December, that’s not right for the basketball gods, not for me.”
- Marcus Smart‘s return to action from a back injury was a bright spot in an disappointing NBA Cup quarterfinal loss on Wednesday, writes Thuc Nhi Nguyen of The Los Angeles Times. Smart scored 26 points and was a +2 in 28 minutes of action off the bench. Spurs players also made just 3-of-11 shots when the veteran guard was the primary defender. “When he guards, when he talks to us, we listen,” Doncic said. “Just got to be a little bit more of what he’s doing.”
Thunder, Spurs Advance In NBA Cup: League Announces Schedule Changes
The Thunder and Spurs will meet in the NBA Cup semifinals in Las Vegas on Saturday after winning their respective quarterfinal matchups on Wednesday.
The Thunder improved to 24-1 on the season with a blowout home victory over the Suns. The game was never close, as Oklahoma City won each quarter by double-digits and defeated Phoenix by 49 points, making it the most lopsided loss in Suns history.
Oklahoma City made 55% of its three-pointers, with Shai Gilgeous-Alexander (28 points) and Chet Holmgren (24 points) leading the way and no Thunder player logging more than 27 minutes.
In the late game, the Spurs overcame 35 points from Lakers star Luka Doncic and 26 from Marcus Smart in his return from a back injury to pull off a 132-119 win on the road. Stephon Castle had 30 points, 10 rebounds, and six assists in his second game back from a hip injury, while six other Spurs scored in double digits.
The Thunder and Spurs will face one another on Saturday at 8:00 pm Central time for the right to advance to the NBA Cup final on Tuesday. Players on the losing team in that game will receive bonuses of roughly $106K apiece, while the winning team will face either the Magic or Knicks in the championship game a shot at the top prize ($531K per player).
Notably, Spurs star Victor Wembanyama has a shot to return from his calf strain for that game vs. the Thunder, per head coach Mitch Johnson.
“Very much so,” Johnson said after Wednesday’s win when asked if a Saturday return is in play for Wembanyama (Twitter link via Mark Medina). “He had a very good day today. He had a very intense day this morning. We’ll have to see how he responds and reacts tomorrow.”
The Thunder and Spurs will now play each other five times this season, including three times in December. The two clubs are scheduled to square off on December 23 in San Antonio and on Christmas Day in OKC.
The NBA also announced a handful of scheduling updates on Wednesday night, per Medina (Twitter link). The Suns and Lakers, who only had 81 games apiece on their respective regular season schedules, will face one another on Sunday in Phoenix at 7:00 pm CT.
The Thunder and Spurs had both been scheduled to play games on December 17, but those contests have been pushed back one day to Dec. 18 in order to give them an extra day of rest following the NBA Cup. OKC will now host the Clippers next Thursday, while San Antonio hosts the Wizards that night.
Lakers Won't Use NBA Cup Court Against San Antonio
- The Lakers won’t be using their NBA Cup court when they host the Spurs tonight, according to ESPN’s Dave McMenamin. There were complaints that the surface was too slippery after it was unveiled for a November 25 game, and the Lakers opted for their normal court when they hosted Dallas in another NBA Cup contest three nights later. “That was bad,” Rui Hachimura said after playing on the court, per Dan Woike and Sam Jane of the Athletic. “I felt it right away when I was warming up. It just felt weird. Just like oily, slippery. Everybody was on the floor, literally. Every second.”
Kerr, Spoelstra, Lue Top List Of NBA’s Highest-Paid Coaches
Warriors head coach Steve Kerr is the NBA’s highest-paid head coach, with an average annual value of $17.5MM on his current contract, according to Kurt Badenhausen of Sportico. Erik Spoelstra of the Heat and Tyronn Lue of the Clippers round out the top three at $15MM per year, Badenhausen adds.
While Kerr is the highest earner among head coaches in the short term, his deal with Golden State expires at the end of the 2025/26 season, whereas Spoelstra (eight years) and Lue (five years) signed longer-term extensions in 2024, so they’re assured of far more overall guaranteed money.
After that top three, there are several coaches in the range of $11MM annually, per Badenhausen: Doc Rivers of the Bucks, Ime Udoka of the Rockets, Joe Mazzulla of the Celtics, and Rick Carlisle of the Pacers.
The Knicks‘ Mike Brown is the only other coach with an average annual value of at least $10MM, with Mavericks coach Jason Kidd coming in at $9.5MM per year and Lakers coach JJ Redick at $9MM annually.
Interestingly, while Spoelstra, Kerr, and Lue are three of the NBA’s four longest-tenured head coaches, the other member of that group – Billy Donovan of the Bulls, the league’s third longest-tenured coach – doesn’t crack the list of top 10 salaries shared by Badenhausen.
Details on the other 20 NBA head coaches’ contracts aren’t included in Badenhausen’s report, but he notes that the lower end of coaching salaries is approximately $4MM per year. Presumably, that figure applies only to coaches who have the title permanently, rather than assistants who have received in-season promotions and are serving as interim replacements, such as James Borrego in New Orleans or Tiago Splitter in Portland.
For what it’s worth, the NBA’s estimated average salary for players in 2025/26 is $13.87MM, so just three of 30 head coaches are earning more than an average player in the league.
Los Angeles Notes: Paul, Lue, Smart, Kleber, James
Chris Paul says he’s “at peace” with the Clippers’ decision to “part ways” with him and is looking forward to his next NBA opportunity, according to Jordan Greene of People Magazine (hat tip to ESPN).
“I’m actually at peace with everything,” he said. “More than anything, I’m excited about being around and getting a chance to play a small role in whatever anything looks like next.”
On a related subject, Clippers coach Tyronn Lue denies reports that he wasn’t on speaking terms with Paul.
“That ain’t true,” Lue said, per Clippers beat writer Joey Linn (Twitter video link). “We were talking. How he gonna play and I’m not talking to him? There was a stretch when he wasn’t gonna play and be out of the rotation, it was tough for him because he’s a competitor.”
Lue added he wasn’t part of the final conversation with Paul when the future Hall of Famer was told by team officials that he was no longer welcome around the club. Lue added that Clippers players aren’t happy about the decision but he has “no problem with Chris.”
Here’s more on the Los Angeles teams:
- Lakers guard Marcus Smart is not on the injury report for the team’s NBA Cup game against the Spurs on Wednesday. Smart missed the last six games due to a back ailment. “Back is feeling good. Felt good in practice today … I’m gonna give it a shot tomorrow and see how it feels,” Smart said, according to Lakers reporter Mike Trudell (Twitter link).
- In fact, the Lakers could be at full strength on Wednesday. Maxi Kleber (lumbar muscle strain) is the only player who is considered questionable to play, NBA insider Marc Stein tweets.
- LeBron James scored 29 points — a season high — against Philadelphia on Sunday, including 10 straight points in the fourth quarter. The Lakers forward feels he’s rounding into form, according to Dave McMenamin of ESPN. “At 40 years old, I mean, it just takes a while for my body to kind of get back into a rhythm,” James said. “And so it felt good (Sunday) to kind of feel like myself a little bit.”