Jazz To Waive Josh Richardson, Jalen Hood-Schifino
After being involved in two mega-deals over the past week, the Jazz will part with two of the players they received, sources tell Andy Larsen of The Salt Lake Tribune (Twitter link), who says the team plans to waive Josh Richardson and Jalen Hood-Schifino.
Richardson is being re-routed to Utah in the Jimmy Butler trade, along with KJ Martin, whom the Jazz plan to keep, according to Larsen. Richardson has a $3MM expiring contract, so Utah won’t be out much money by letting him go. The 31-year-old swingman appeared in just eight games with Miami prior to being traded.
Utah acquired Hood-Schifino over the weekend by helping to facilitate the massive trade that sent Luka Doncic to the Lakers. L.A. had already declined the third-year option on the 2023 first-round pick, so Utah won’t have to pay him more than the balance of his $3.9MM salary for the rest of the season.
Both players will become unrestricted free agents once they clear waivers and will be eligible to sign with just about any team. Richardson won’t be able to rejoin the Heat, while Hood-Schifino will be ineligible to re-sign with the Lakers.
The Jazz will face an offseason decision on Martin, whose $8MM contract for 2025/26 is non-guaranteed. The 24-year-old forward has been out of action since December 23 due to a foot injury.
Sixers Trade KJ Martin, Two Second-Rounders To Pistons
FEBRUARY 6: The trade is official, according to a press release from the Sixers, who received cash considerations in the deal. Martin was acquired using the Pistons’ cap room and will be flipped to Utah as part of the Jimmy Butler multi-team trade, as we outlined in a separate story.
FEBRUARY 5: The Sixers are trading forward KJ Martin and a pair of second-round picks to the Pistons, sources tell Keith Pompey of The Philadelphia Inquirer (Twitter link).
According to Derek Bodner of PHLY Sports (Twitter link), Philadelphia is sending Detroit a 2027 second-rounder via Milwaukee, as well as Dallas’ 2031 selection.
Martin, 24, was listed as out on Tuesday due to trade pending. Subsequent reports indicated that he was expected to be moved on Wednesday, which has now come to fruition.
Marc Stein reports (via Twitter) that the Pistons are expected acquire Martin using their room exception. The room exception is worth $7,983,000 in 2024/25, while Martin makes just under that total ($7,975,000).
Detroit would have to use its remaining $14MM in cap space before dipping into the room exception, so this presumably won’t be the only trade the team makes. This deal suggests the front office is focused more on the future than the present, but it’s possible Detroit could thread the needle and find win-now help while still acquiring draft assets in the process.
The No. 52 pick of the 2020 draft, Martin spent his first three NBA seasons in Houston prior to being traded to the Clippers in a five-team deal in the 2023 offseason. He only played two games for Los Angeles, having been sent to Philadelphia in November 2023 as part of the James Harden blockbuster.
After playing a modest role for the Sixers in 2023/24, Martin re-signed with the club on a two-year, $16MM deal that was widely viewed as being completed for future trade purposes. The second year is fully non-guaranteed, so the high-flying forward certainly isn’t a lock to remain with Detroit going forward.
However, since the 76ers have struggled in ’24/25 – they currently sit outside of the East’s play-in tournament at 20-29 – they ended up dumping Martin’s contract instead of using it as a way to try and improve the roster, making the decision to bump up his salary last summer look like a mistake in retrospect.
As cap expert Yossi Gozlan observes (Twitter link), by shedding Martin’s salary and completing a separate trade with Dallas on Tuesday, the 76ers have saved $40MM+ when accounting for payroll, tax payments and dipping below the luxury tax line. They’ll now receive a tax distribution valued at roughly $12-14MM instead of being a taxpayer.
Since they’re well below the first tax apron, they’ll also be able to add players on the buyout market, regardless of the player’s pre-waiver salary.
Martin hasn’t seen action since Dec. 23 due to a foot injury. He has appeared in 24 games this season (seven starts), averaging 6.4 points and 3.0 rebounds in 20.0 minutes per game.
Thunder Waive Daniel Theis
The Thunder have waived Daniel Theis, the team announced in a press release.
Oklahoma City acquired Theis and a 2031 second-round pick in a trade with New Orleans on Wednesday. The pick will be either the Pelicans’ or Magic’s, whichever is least favorable.
It was a salary-dump move for the Pelicans, and obviously Theis wasn’t in the Thunder’s plans either. The eight-year veteran appeared in 38 games for New Orleans in 2024/25, averaging 4.3 points, 4.3 rebounds and 1.6 assists in 16.3 minutes per contest, with a shooting slash line of .473/.243/.838.
At 6’8″, Theis is undersized for a center, which has been his primary position in the NBA. Still, the 32-year-old German could provide some depth in the middle for a team seeking a reserve big man.
Theis was on a minimum-salary contract, so the Thunder will carry a dead-money cap hit of about $2.1MM if he passes through waivers. Assuming he goes unclaimed, he’ll be an unrestricted free agent in a couple days and will be able to sign with any team except New Orleans.
Oklahoma City now has 14 players on standard contracts. Rookie center Branden Carlson has signed a pair of 10-day deals with the Thunder and can only be re-signed if he’s given a rest-of-season standard contract or is brought back on a two-way deal, the latter of which would require OKC to either release a player or promote one.
Wizards Waive Reggie Jackson
The Wizards are placing veteran guard Reggie Jackson on waivers after acquiring him from the Sixers earlier today, the team announced (via Twitter).
Jackson is on a one-year, minimum-salary contract, so Washington won’t be on the hook for any dead money beyond this season after letting him go. Assuming he clears waivers, he’ll be free to sign with anyone except Philadelphia for the rest of the season.
The Wizards were able to acquire a 2026 first-round pick from the Sixers, which was their motivation for the deal. They now have a roster opening, along with a vacant two-way slot after sending Jared Butler to Philadelphia.
The 34-year-old Jackson signed with Philadelphia as a free agent last summer, but he averaged just 4.4 points and 1.5 assists in 31 games while playing 12.4 minutes per night. Still, he may find some interest on the open market from teams looking for veteran backcourt help.
Pistons To Acquire Dennis Schröder
The Jazz agreed to take Dennis Schröder in the four-team Jimmy Butler trade, but he’s expected to wind up with the Pistons, sources tell Omari Sankofa II of The Detroit Free Press (Twitter link). Jake Fischer of The Stein Line and Chris Haynes both confirm Sankofa’s report.
Utah will receive KJ Martin, Josh Richardson and a 2028 second-round pick in return, a source tells Fischer (Twitter link). The Pistons initially took Richardson from Miami in the Butler deal and agreed to acquire Martin from the Sixers on Wednesday.
It’s possible the Martin deal with Philadelphia will get folded into the Butler trade. Otherwise, it appears the Pistons will complete their acquisition of Martin first, taking him into cap room. Once that’s done, Detroit, Utah, Golden State and Miami can officially pull the trigger on the Butler deal.
Counting the Jazz, this will be the fourth team of the season for Schröder, who was traded from Brooklyn to Golden State in mid-December. The Warriors were counting on him to stabilize their backcourt, but he turned out to be an unreliable shooter, connecting at just 37.5% from the field and 32.2% from three-point range in 24 games.
Schröder had been expecting to stay in the Bay Area and recently signed a new lease, according to Marc J. Spears of Andscape (Twitter link). He learned that he had been traded after Wednesday’s pre-game warm-up, and now he’s on the move again.
He should have an opportunity to play a regular role in Detroit, where the Pistons have been on the lookout for another ball-handler and play-maker since Jaden Ivey broke his fibula last month.
Schröder’s $13MM contract is expiring, so the Pistons will have to decide this summer whether to make a long-term commitment. Richardson’s $3MM deal is also expiring, while Martin has an $8MM non-guaranteed contract for next season.
Sixers Trade Reggie Jackson, First-Round Pick To Wizards For Jared Butler, Four Second-Rounders
1:20 pm: The trade is official, according to a press release from the Sixers. Philadelphia waived two-way player Pete Nance in order to complete the deal.
9:19 am: The Sixers and Wizards have agreed to a trade, according to Michael Scotto of HoopsHype, who reports (via Twitter) that Washington will acquire a 2026 first-round pick from Philadelphia in exchange for four second-rounders.
A pair of players will also be involved in the deal, per Marc Stein of The Stein Line (Twitter link), with veteran guard Reggie Jackson headed to the Wizards and two-way player Jared Butler going to the 76ers.
According to Stein (Twitter links), the 2026 first-rounder Washington is acquiring will be the least favorable of the Thunder’s, Rockets’, and Clippers’ picks for that year. Houston’s first-rounder is technically top-four protected, though that’s extremely unlikely to affect which pick the Wizards receive.
Philadelphia, meanwhile, will receive second-rounders in 2027 and 2028, along with two in 2030, Stein adds. Here are the exact details on those four second-rounders, per Adam Aaronson of PhillyVoice (Twitter link):
- Either the Warriors’ or Suns’ 2027 second-round pick (whichever is most favorable).
- The Warriors’ 2028 second-round pick.
- The Wizards’ 2030 second-round pick.
- Either the Suns’ or Trail Blazers’ 2030 second-round pick (whichever is most favorable).
It’s a consolidation trade for the Wizards, who are taking on a little extra salary (Jackson is on a one-year, minimum-salary contract) and dipping into their huge collection of excess second-round picks in order to add a guaranteed first-round selection. Washington will still have 14 second-rounders at its disposal going forward.
As for the Sixers, they’re sacrificing a first-round pick that will likely end up in the 20s — or even at No. 30, if the Thunder are as good next season as they’ve been this year. They’ll also still control their own first-rounder in 2026 (assuming their top-six protected 2025 pick conveys this year) and have now replenished their collection of second-rounders going forward.
On top of that, Philadelphia will create a little extra financial flexibility below the luxury tax line – they’re now $3.5MM below that threshold, according to ESPN’s Bobby Marks (Twitter link) – and will get a chance to take a flier on Butler, who has been solid in a limited role in Washington.
Butler has averaged 6.9 points, 2.6 assists, and 1.3 rebounds in 11.3 minutes per game, with a shooting line of .483/.366/.778, across 32 appearances off the bench this season. The former No. 40 overall pick could be a candidate for a promotion to the Sixers’ standard roster, since he’s nearing his 50-game NBA limit for the season.
Conversely, I wouldn’t expect Jackson to factor into the Wizards’ rest-of-season plans. The veteran guard is averaging just 4.4 PPG and 1.5 APG in 12.4 MPG (31 games) this season, with a .391/.338/.778 shooting line. Josh Robbins of The Athletic confirms (via Twitter) that Jackson will likely be traded or waived by Washington.
Having waived Sidy Cissoko earlier today, Washington has an open spot on its standard roster to take in Jackson. The move will create an open two-way slot for the Wizards.
The Sixers will create another opening on their 15-man roster – they’ll have three once this deal and their KJ Martin trade are official – but will need to cut a two-way player to acquire Butler.
Trade Rumors: Boucher, Nuggets, Vucevic, Pelicans, Suns
The Nuggets are a suitor to watch for Raptors big man Chris Boucher, according to Michael Grange of Sportsnet.ca (Twitter links).
However, even though Denver “definitely” has interest in Boucher, the team is extremely limited in terms of both draft assets and appealing matching salary. Its two most expendable veterans, Zeke Nnaji ($8.9MM) and Dario Saric ($5.2MM), are both on multiyear contracts, making them negative trade assets.
The Nuggets are also operating above the first tax apron, so they can’t take back more money than they send out in a trade. They would likely “jump” at the chance to sign Boucher on the buyout market, Grange says, but it’s unclear if Toronto would consider a buyout for the big man if he’s not traded today.
Here are a few more trade rumors from around the NBA:
- As of two hours before the trade deadline, there was no momentum toward a Nikola Vucevic deal between the Warriors and Bulls, says K.C. Johnson of the Chicago Sports Network (Twitter links). If Vucevic ends up staying in Chicago through the deadline, the expectation is that he’d be on the trade block again in the offseason, Johnson notes.
- Pelicans forward Zion Williamson and guard CJ McCollum aren’t going anywhere at the trade deadline, according to Marc J. Spears of Andscape, who said on ESPN’s NBA Today that both players are on track to remain in New Orleans after the team agreed to trade Brandon Ingram to Toronto.
- The Suns‘ Jusuf Nurkic trade with Charlotte is expected to be the only deal Phoenix makes today, according to John Gambadoro of Arizona Sports 98.7 (Twitter link). That means the team will move forward with its “big three” of Devin Booker, Kevin Durant, and Bradley Beal despite many rumors involving Durant and Beal leading up to today’s deadline.
Teams Still Calling Suns About Kevin Durant
After the Warriors’ gave up on their bid to acquire Kevin Durant and the Suns decided not to send the star forward to Miami in a deal for Jimmy Butler, there was a sense that Durant would likely remain in Phoenix through Thursday’s trade deadline.
While that still may be the case, Shams Charania of ESPN reported on NBA Today (Twitter video link) that some teams haven’t given up on the idea of prying Durant away from the Suns.
“From what I’m told, there are multiple teams making really aggressive calls to the Suns on Kevin Durant,” Charania said. “He had made it clear that he did not want a reunion with the Warriors. The Warriors made a very strong pursuit of him over the last week, and several calls (from other teams) are continuing to pour in.
“One thing I do want to clarify: Kevin Durant has not requested a trade. It’s my understanding that most of – all of – these conversations this week has been somewhat blindsiding, because going into this week and this season, I don’t think a trade was something he was thinking about. He has wanted to stay in Phoenix.”
Unlike teammate Bradley Beal, Durant doesn’t have a no-trade clause. Still, the Warriors reportedly backed off of their pursuit after getting word that he was opposed to the idea of returning to Golden State. If Durant were to convey a similar message to another suitor, it would likely have an impact on what that team is willing to give up, reducing the likelihood of a deal.
Durant, 36, is only under contract for one more year beyond this season, and the Suns had a “massive” asking price in their conversations with Golden State and Miami, according to ESPN’s Brian Windhorst (Twitter link via Barry Jackson of The Miami Herald).
A report on Tuesday suggested that the Mavericks and Rockets were among the other teams with interest in Durant, though a subsequent story downplayed the idea of either team making a serious push for him.
Sixers Sending Second-Rounder To Mavs In Caleb Martin Deal
The Sixers are amending their trade with the Mavericks and will now send Dallas a second-round pick in 2030 in addition to Caleb Martin, league sources tell Marc Stein (Twitter link).
According to Keith Pompey of The Philadelphia Inquirer (Twitter link), the 76ers are trading their own 2030 second-rounder to the Mavs. Philadelphia will control multiple 2030 second-round picks after officially completing its trade with Washington.
As Stein explains, Martin has been dealing with a right hip sprain and was believed to be nearing a return, but his physical was flagged due to the injury (Twitter links). Both teams consulted with the league office and Philadelphia agreed to send Dallas a second-round pick as a result.
Stein clarifies that the Mavericks don’t have any long-term concerns about Martin’s hip, though a return timeline for the veteran swingman has yet to be established.
Dallas sent impending restricted free agent Quentin Grimes and Philadelphia’s 2025 second-rounder, which the Mavs controlled from a previous deal, to the 76ers in the trade.
Mavericks Notes: Davis, Irving, Christie, Martin
Anthony Davis could make his Mavericks debut tonight at Boston, tweets Grant Afseth of Dallas Hoops Journal. Davis, who has been sidelined for the past week with a strained abdominal muscle, was upgraded to questionable in the team’s latest injury report. He was able to participate in this morning’s shootaround, and a decision on his status will be made closer to tipoff.
[Update: Davis is more likely to make his Mavericks debut on Saturday, per NBA insider Marc Stein (Twitter link).]
Davis met with the media on Tuesday for the first time since the shocking deal that sent him from the Lakers to the Mavs, Afseth writes in a full story. He told reporters that his long-standing relationship with Dallas general manager Nico Harrison has made the experience of changing teams much easier.
“Nico’s known me since I was in high school,” Davis said. “Obviously, one of the guys I got close to when I signed with Nike. And then, to stay close throughout the years, we remained good friends. And now to come back kind of full circle and be together here in Dallas, it’s going to be fun.”
Davis also expressed excitement about being able to return to his preferred position of power forward on a team that’s stocked with centers. Although he may see some time in the middle while Dereck Lively is injured, that should be temporary.
“Obviously, Dereck is dealing with an injury, but Gaff (Daniel Gafford) is playing phenomenal. So I think that’s the plan, but we’ll see how it goes,” Davis said. “Right now, I’m just excited to get back to playing basketball. Given the whole trade thing but also the injury, each time I’m on the floor, I feel better. But I haven’t played power forward in a long time, since I was first in LA. To be back at the four, I’m excited to see how it goes.”
There’s more on the Mavericks:
- Davis is also thrilled to finally reunite with Kyrie Irving, Afseth adds. They both played for Team USA in the 2014 World Cup and have been interested in joining forces in the NBA for several years. “Me and Kai talked about this, I think, in 2018 when I asked for a trade from New Orleans,” Davis said. “He was in Boston at the time, and he ended up leaving for Brooklyn. We’ve been wanting to play alongside each other for a very long time. Now we got that opportunity to do so.”
- Max Christie had an impressive first game for the Mavs in Tuesday’s loss at Philadelphia, Afseth states in a separate story. He scored 15 points while hitting all four of his three-point attempts, added nine rebounds and played high-level defense. “Christie was great. With 30 minutes on the floor and no practice, he was better than advertised,” coach Jason Kidd said. “He showed his skills as a basketball player on both sides of the floor for us tonight.” Christie said he enjoyed his debut, even though he’s still learning the sets that Dallas runs.
- Because the Mavericks were playing in Philadelphia, Caleb Martin was able to join his new team right away when he got traded to Dallas before Tuesday’s game, notes Gina Mizell of The Philadelphia Inquirer. Martin signed with the Sixers in free agency last summer, but injuries have limited him to 31 games and he hasn’t played since January 10 due to a strained right hip. “It’s kind of disappointing to see him gone,” Joel Embiid said. “True professional. Obviously, we’ve had a tough season — all of us. We just haven’t been healthy. He’s been part of this. I feel like we never really got to see what we all envisioned about all of us.”