Hornets Acquire Tyus Jones From Magic, Waive Pat Connaughton
11:27 pm: The trade is official, the Hornets announced (via Twitter). Veteran swingman Pat Connaughton, who has only appeared in 22 games this season, has been waived to make room on the roster for Jones (Twitter link). Connaughton will receive the balance of his $9.4MM salary.
9:07 pm: The Magic have agreed to send Tyus Jones to the Hornets for cash considerations, sources tell ESPN’s Shams Charania (Twitter link).
Charlotte will get a pair of second-round picks for taking on Jones’ $7MM contract, Charania adds. Those second-rounders will be the least favorable between Boston and Orlando in 2027 along with the Magic’s selection in 2028, according to Bobby Marks of ESPN (Twitter link). The Hornets now own 11 first-rounders and 14 second-rounders over the next seven years.
The move allows Orlando to dip roughly $1.4MM below the luxury tax line. The Magic will be down to 13 players with standard contracts once the deal is finalized and will have two weeks to get back to the league minimum of 14.
The Hornets currently have a full roster, so another move will have to be made before this trade can be completed. Mike Conley, who’s being acquired from Chicago in a separate deal, is viewed as a buyout candidate, so Charlotte could open a roster spot by finalizing that trade first and waiving Conley.
The Hornets can absorb Jones’ salary with the remainder of their mid-level exception or with a trade exception they’ll create in the deal with the Bulls, notes Yossi Gozlan of The Third Apron (Twitter link). Gozlan suggests that Jones could also be bought out, which would make him eligible to sign with any team other than Orlando.
Jones, 29, signed a one-year deal with the Magic in July. He was expected to provide depth at point guard, but his inconsistent shooting (34.2% from the field and 29.4% from three-point range) has limited his playing time. Through 48 games, Jones is averaging 3.0 points and 2.4 assists in 15.7 minutes per night.
Hornets Acquire Coby White From Bulls
11:21 pm: The trade has been finalized, the Hornets announced (via Twitter).
2:01 pm: The Hornets and Bulls have agreed to a trade that will send guards Coby White and Mike Conley to Charlotte, reports Shams Charania of ESPN (Twitter link).
In exchange, Chicago will acquire guard Collin Sexton, forward Ousmane Dieng, and three second-round picks, sources tell ESPN. Dieng is technically still a member of the Thunder, but is reportedly being traded to Charlotte in a deal involving center Mason Plumlee. Oklahoma City is sending the Hornets a second-round pick along with Dieng in that side deal, tweets Charania.
White, who will turn 26 later this month, is a talented scorer who has averaged 19.5 points per game since becoming a full-time starter at the beginning of the 2023/24 season. He has also averaged 4.8 assists and 4.1 rebounds per night over the course of 182 outings during that stretch, with a .448/.369/.859 shooting line.
Although White entered this winter as one of the Bulls’ prime trade candidates, his value has been negatively impacted by calf issues that have limited to 29 games this season, as well as his contract situation.
The veteran guard is on an expiring $12.9MM expiring deal, meaning his maximum extension with Chicago would have been worth $87MM over four years — he reportedly conveyed to the team prior to the season that he wouldn’t be signing an extension and would take his chances on earning a more lucrative payday in unrestricted free agency.
With teams viewing White as a possible rental, the Bulls were unable to extract a first-round pick for him on the trade market, but they did secure three second-rounders, which will be either the Nuggets’ or Hornets’ 2029 pick (whichever is least favorable), the Nuggets’ 2031 pick, and the Knicks’ 2031 pick, according to Zach Lowe of The Ringer (Twitter link).
The Hornets will presumably look to re-sign White, a North Carolina native who played his college ball at UNC, but Conley likely won’t spend long on Charlotte’s roster. He’s viewed as a buyout candidate, and since he’ll be traded twice this week, he would be eligible to return to the Timberwolves without running afoul of the NBA’s rule preventing a waived player to return to the team that traded him away. Jake Fischer of The Stein Line highlighted this potential outcome for Conley earlier today.
The Bulls, meanwhile, could have more moves up their sleeves in the next 24 hours, since they’ll still have a logjam in their backcourt. Sexton will join a group that features Josh Giddey, Ayo Dosunmu, Jaden Ivey, Anfernee Simons, and Tre Jones.
Sixers Trade Jared McCain To Thunder For Draft Compensation
7:59 pm: The trade sending McCain to the Thunder is now official, the team announced in a press release. In order to open up a roster spot for the newcomer, Oklahoma City waived Plumlee, who was acquired from Charlotte in a separate deal.
1:02 pm: The Sixers and Thunder have agreed to a trade that will send Jared McCain to Oklahoma City for Houston’s 2026 first-round pick (which the Thunder control) and three second-rounders, sources tell Shams Charania of ESPN (Twitter link).
The three second-round picks involved in the trade are a 2027 selection (most favorable of Thunder, Rockets, Pacers and Heat), OKC’s own 2028 pick, and Milwaukee’s 2028 second, reports Kyle Neubeck of PHLY Sports (via Twitter).
McCain, who turns 22 years old later this month, was the 16th overall pick in the 2024 draft. The former Duke guard got off to an excellent start to his rookie campaign, averaging 15.3 points, 2.6 assists and 2.4 rebounds on .460/.383/.875 shooting in 23 games (25.7 minutes per contest), but missed the remainder of 2024/25 after undergoing season-ending knee surgery.
McCain’s ’25/26 debut was delayed after he suffered ligament damage in his thumb, which required surgery. The injury occurred in an offseason workout just before training camp.
Although McCain has played a bit better recently, he largely hasn’t played at the same level as he did as a rookie, averaging 6.6 PPG, 2.0 RPG and 1.7 APG on .385/.378/.880 shooting in 37 games (16.8 MPG). He was sent to the G League multiple times to get more playing time and to try and find his rhythm.
Assuming Philadelphia doesn’t receive a player back in return, the team would generate a traded player exception worth $4,221,360, which is how much money McCain makes this season.
The Sixers likely viewed McCain as a luxury rather than a necessity due to the strong backcourt play of All-Star Tyrese Maxey and standout rookie VJ Edgecombe. It’s worth noting that all three players are on the smaller side as well, so it would be difficult to play them all at once.
The Thunder, meanwhile, have an excess of future first-round picks and will be betting that McCain can recapture his previous form in a new environment. His rookie scale contract covers two more years beyond ’25/26 for a total of $11.2MM.
Jake Fischer of The Stein Line hears Thunder forward Ousmane Dieng may be involved in the deal as well (Twitter link). According to Fischer (Twitter link), there’s momentum on a trade that would send Dieng to the Hornets for Mason Plumlee. Shedding Dieng’s salary rather than waiving him would help the Thunder stay below the luxury tax threshold.
Avoiding the tax is also presumably a consideration for the Sixers, who will receive a tax variance credit as a result of Paul George’s 25-game suspension and are in position to finish the season as a non-taxpayer after moving McCain.
Thunder Acquire Draft Rights To Balsa Koprivica
The Thunder and Jazz completed a minor trade on Tuesday, with Oklahoma City acquiring the draft rights to Serbian center Balsa Koprivica in exchange for cash considerations. Both teams sent out press releases to announce the deal.
Koprivica, 25, is currently with Bahcesehir Koleji in Turkey’s BSL. He played two seasons at Florida State before declaring for the NBA draft in 2021.
Koprivica was selected by Charlotte with the 57th pick in ’21 and traded to Detroit on draft night. The Pistons sent his draft rights to the Clippers in a cash deal in the summer of 2023, and those rights were shipped to Utah a year later as part of a trade involving Russell Westbrook and Kris Dunn.
There hasn’t been any indication that Koprivica is considering coming to the NBA. However, his draft rights could be a minor trade chip for OKC to use in a deal down the road, especially if the team is operating over the second apron in a future season and isn’t eligible to trade cash that year.
Clippers, Cavs Swap James Harden, Darius Garland
February 4: The Cavaliers have officially traded Garland and their 2026 second-round pick to the Clippers in exchange for Harden, the two teams confirmed today in press releases just hours before they face one another in L.A.
As Law Murray of The Athletic relays (via Twitter), Cavaliers president of basketball operations Koby Altman and Clippers president of basketball ops Lawrence Frank both put out statements thanking the guards exiting their respective franchises and expressing excitement about the newcomers.
According to NBA insider Chris Haynes (Twitter link), the plan is for Harden to make his Cavaliers debut this Saturday against Sacramento.
February 3: The Clippers and Cavaliers have reached an agreement on a much-rumored James Harden trade. Harden is headed to Cleveland in exchange for Darius Garland and a second-round pick, Shams Charania of ESPN reports (via Twitter). The pick is Cleveland’s own second-rounder this June, tweets Jake Fischer of The Stein Line.
Word broke within the past 24 hours that Harden and the Clippers were working together to find him a new home, with Cleveland considered to be the leading suitor. NBA insider Chris Haynes (Twitter link) reported this morning that the two teams ramped up their trade discussions in an effort to reach an agreement prior to Thursday’s deadline — now they have.
Harden, a Los Angeles native will join his fifth different team in the last six seasons. As part of the deal, he’ll have to waive his one-year Bird restriction (a de facto no-trade clause) and all but eliminate his $2.3MM trade bonus, ESPN’s Bobby Marks tweets.
The Cavaliers cannot make Harden’s salary exceed Garland’s due to apron restrictions, cap expert Yossi Gozlan tweets. That bonus is capped at $263,397, which is the difference between the two players’ salaries. Harden could waive the entire amount to help the Cavs move slightly closer to the second tax apron.
In the short run, Harden should increase the Cavs’ chances of competing for a title in the wide-open East as he teams up with All-Star Donovan Mitchell in a dynamic backcourt. Despite his advanced age, Harden is still a prolific scorer — he’s averaging 24.7 points and 8.1 assists along with 4.8 rebounds per game this season.
Garland — a two-time All-Star — is averaging 18.0 PPG (down from 20.6 last season) and 6.9 APG in 26 games. He has been sidelined for 10 consecutive games due to a right toe sprain after missing time earlier in the season due to left toe issues. Sources tell ESPN’s Brian Windhorst that Garland has made progress in his recovery and could return soon, though there’s some concern about whether his toe problems could turn into a longer-term issue.
Garland, 26, gives the Clippers a younger starter who could fill a guard role for seasons to come, assuming his toe injuries don’t linger. He’s in the third season of a five-year, $197.3MM contract that runs through 2027/28. According to Gozlan (Twitter link), he’ll become eligible this offseason for an extension of three years and up to $178MM.
Harden’s contract situation is more much complicated. He’s making $39.2M this season and has a $42.3MM player option for next season. However, the option would only be partially guaranteed for $13.3MM if it’s picked up. In that scenario, Harden’s salary wouldn’t become fully guaranteed until July 11.
It remains to be seen whether Cleveland gave Harden any assurances about guaranteeing his entire 2026/27 salary or re-signing him to a new contract if he opts out — the veteran guard’s desire to sign a new guaranteed two-year deal that L.A. wasn’t prepared to give him after this season was rumored to be one key factor why he sought a change of scenery.
If Harden declines his option, the Cavs would hold only his Non-Bird rights. However, those would be more than enough to sign him to a market-value contract, since they allow for a deal covering up to four seasons and a raise of up to 20% on the player’s previous salary.
Thunder Trade Ousmane Dieng, Second-Round Pick To Hornets
The Thunder and Hornets have officially finalized a trade sending forward Ousmane Dieng and a 2029 second-round pick to Charlotte in exchange for center Mason Plumlee, the two teams announced in press releases.
The terms of the deal were reported in bits and pieces as news broke that the Thunder were acquiring Jared McCain from Philadelphia and the Hornets were using Dieng as part of their package for Bulls guard Coby White.
Dieng, 22, was the 11th overall pick in the 2022 draft, selected by the Thunder one spot before they nabbed Jalen Williams. However, the Frenchman never evolved into a reliable rotation player in Oklahoma City, appearing in 136 regular season games across three-and-a-half seasons and averaging 4.2 points and 2.1 rebounds in 12.0 minutes per night.
The move is financially motivated for the Thunder. Dieng is on an expiring $6.7MM contract this season, while Plumlee is on a one-year, minimum-salary contract with a cap hit of $2.3MM. By saving $4.4MM in this move, Oklahoma City will be able to remain below the tax when it finalizes its acquisition of McCain, who is earning $4.2MM this season. The expectation is that Plumlee will be waived to make room for McCain on OKC’s 15-man roster.
As for the Hornets, they’ll take advantage of their financial flexibility below the luxury tax line to accommodate a salary dump and acquire an extra second-round selection in the process. The Thunder, who have no shortage of future second-round picks, will send them the most favorable of Atlanta’s and Miami’s 2029 second-rounders.
Charlotte will subsequently flip Dieng to Chicago along with Collin Sexton in a trade that will send White and Mike Conley to the Hornets. It’s unclear whether or not the Bulls will hang onto Dieng once that deal is completed.
Pistons Waive Isaac Jones
The Pistons waived forward Isaac Jones in order to clear the roster space necessary to officially completed their three-team trade with Chicago and Minnesota, tweets Keith Smith of Spotrac.
An undrafted free agent out of Washington State, Jones played well in a modest role for the Kings as a rookie in 2024/25, beginning the year on a two-way contract and earning a promotion to a standard deal last March. However, Sacramento cut him this past November to make room on its roster for Precious Achiuwa, at which time Detroit claimed the 25-year-old off waivers.
While Jones was on Detroit’s roster for nearly three months, he appeared in just one game for the Pistons, logging two garbage-time minutes. He has spent most of this season with the Motor City Cruise, the Pistons’ G League affiliate. In 26 NBAGL outings, he has averaged 15.9 points, 8.1 rebounds, 1.7 assists, and 1.3 blocks in 28.1 minutes per game, making 55.7% of his field goal attempts.
Jones’ salary was non-guaranteed when the Pistons claimed him in November but was locked in after January 7, when the team opted not to release him at the league-wide salary guarantee deadline. Unless he’s claimed off waivers again this time around, Detroit will be on the hook for Jones’ full $1,955,377 cap hit.
The trade the Pistons officially finalized on Tuesday night sent Jaden Ivey to Chicago, with Kevin Huerter and Dario Saric landing in Detroit. Since the Pistons had a full 15-man roster, they weren’t able to accommodate the one-for-two deal without waiving a player.
Saric looks like the next potential release candidate for the Pistons — cutting him would allow the club to open up a 15-man roster spot for two-way standout Daniss Jenkins, who is just one game away from reaching his limit of 50 active regular season games.
Jaden Ivey Traded To Bulls In Three-Team Trade
10:20pm: The Bulls have issued a press release confirming the three-team deal. The Pistons have also confirmed the trade (Twitter link).
3:36 pm: The Timberwolves will receive cash in the three-team deal, according to Jake Fischer of The Stein Line (Twitter link).
1:31 pm: The Pistons are trading fourth-year guard Jaden Ivey to the Bulls in a three-team trade that also involves the Timberwolves, reports Shams Charania of ESPN (Twitter link).
According to Charania, Minnesota is sending veteran point guard Mike Conley to Chicago, while swingman Kevin Huerter and forward/center Dario Saric are headed from Chicago to Detroit. The Pistons will also acquire a protected 2026 first-round pick swap from the Timberwolves as part of the deal.
Ivey, who will turn 24 later this month, was the fifth overall pick in the 2022 draft and started 164 of 181 games in his first three seasons in Detroit, averaging 16.1 points and 4.4 assists per contest. However, he missed the second half of the 2024/25 season due to a broken left leg and had his debut this past fall delayed due to a right knee issue.
Ivey was playing a modest role for the East-leading Pistons this season, averaging just 8.2 PPG in 16.8 MPG in 33 outings (two starts).
With potential restricted free agency around the corner for Ivey, the Pistons apparently decided he wasn’t in their long-term plans and had begun fielding calls on him in recent weeks, per Vincent Goodwill of Yahoo Sports (Twitter link). The Bulls will add the former Purdue standout to an increasingly crowded backcourt that also features Josh Giddey, Coby White, Ayo Dosunmu, and Tre Jones.
While Giddey is considered a building block in Chicago, the acquisition of Ivey could set up the Bulls to trade one or more of their other guards ahead of this Thursday’s deadline. Chicago will take control of Ivey’s Bird rights, positioning the team to sign him to a new contract as a free agent this July.
With Ivey playing a diminished role in Detroit, the Pistons decided to swap him for a sharpshooter in Huerter who will immediately fill a hole on the roster. As good as the 36-12 Pistons have been this season, three-point shooting remains an area of weakness for the club, which ranks just 27th in the NBA in three-point makes per game (11.1) and 21st in three-point percentage (34.8%).
Huerter has struggled from beyond the arc this season, making just 31.4% of his outside shots, but he entered the season as a career 37.5% shooter and finished strong after a similarly slow start in 2024/25.
It’s unclear whether the Pistons intend to hang onto Saric, who has made just 21 appearances since the start of the ’24/25 season. Even if they plan to eventually waive him, they’ll first need to open up a roster spot in order to accommodate the one-for-two trade.
The pick swap Detroit is acquiring from Minnesota should put the team in position to move up at least a handful of spots in the draft this June. If the season ended today, the Pistons’ pick would be able to swap the No. 29 pick for No. 23.
The Timberwolves are essentially making a salary-dump move by sending out Conley’s $10.8MM expiring contract. The team began the day operating more than $8MM over the first tax apron and with a projected tax bill of about $24MM, but they’ll move below the first apron by roughly $2.5MM and will reduce their projected tax bill to just $3.8MM, tweets ESPN’s Bobby Marks.
What Minnesota ends up doing with those savings remains to be seen. The extra flexibility could come in handy in a bigger move for a player like Giannis Antetokounmpo. The newly created $10.8MM trade exception (equivalent to Conley’s outgoing salary) could also be useful to acquire more backcourt help at the deadline if the Wolves aren’t able to land Giannis. Alternately, the club might just be a single move away from ducking the tax entirely.
It’s unclear based on the terms reported so far what the Wolves will be receiving in the three-team deal, but it will likely be a very minor asset like cash, a heavily protected second-round pick, or a draft-rights player.
The Pistons will use Ivey’s outgoing $10.1MM salary to match Huerter’s incoming $18MM expiring contract while employing a portion of their $14MM trade exception to absorb Saric’s expiring $5.4MM deal. The Bulls, meanwhile, could create a trade exception equivalent to Huerter’s $18MM outgoing salary by using Saric to match Conley and taking Ivey’s salary into their unused mid-level exception, observes cap expert Yossi Gozlan (Twitter link).
Grizzlies Trade Jaren Jackson Jr. To Jazz
6:06pm: The trade is official, according to a press release from the Jazz.
12:44pm: The Grizzlies and Jazz have agreed to a blockbuster trade, according to Shams Charania of ESPN (Twitter link), who reports that former Defensive Player of the Year Jaren Jackson Jr. is heading to Utah along with wings John Konchar and Vince Williams Jr. and center Jock Landale.
In exchange, Memphis will acquire guard Walter Clayton, swingman Kyle Anderson, forwards Taylor Hendricks and Georges Niang, and three future first-round picks, sources tell Charania.
Those three first-rounders headed to the Grizzlies are the Lakers’ 2027 pick (top-four protected), either the Cavaliers’, Timberwolves’, or Jazz’s own 2027 pick (whichever is most favorable), and the Suns’ 2031 pick (unprotected), reports Jake Fischer of The Stein Line (Twitter link).
It’s a shocking move for a couple reasons. For one, multiple reports ahead of Thursday’s trade deadline suggested that Memphis had no interest in moving Jackson and hoped to hang onto – and build around – the big man going forward.
Additionally, while there were multiple teams said to be inquiring on Jackson’s availability in the hopes that the Grizzlies changed their mind, there was no indication that the Jazz were among them or that they’d be looking to use their stash of future draft picks to make this sort of move this week. Entering Tuesday’s games, Utah holds a 15-35 record, which is the sixth-worst mark in the NBA.
However, the move for Jackson suggests first-year president of basketball operations Austin Ainge and the Jazz are preparing to take a step forward next season. League sources tell Tony Jones of The Athletic (Twitter link) that the team doesn’t plan to trade forward Lauri Markkanen and still wants to re-sign center Walker Kessler in restricted free agency this summer. Utah envisions a frontcourt made up of Markkanen, Jackson, and Kessler, Jones explains.
Third-year guard Keyonte George and 2025 lottery pick Ace Bailey are among the other long-term building blocks in Utah, where the Jazz still control at least one first-round pick in every future draft, starting in 2026. Notably, that 2026 first-rounder will be sent to Oklahoma City if it lands outside the top eight — the Jazz are still in a fairly strong position to hang onto it, since there’s a 4.5-game gap between them and the NBA’s seventh- and eighth-worst teams (the 18-29 Bucks and 19-30 Mavericks).
As for the Grizzlies, we’d heard for weeks that they were open to trading two-time All-Star Ja Morant, but it wasn’t clear whether they intended to retool around Jackson or fully rebuild around a younger core headlined by Cedric Coward, Zach Edey, and Jaylen Wells. Now we have our answer.
While Clayton and Hendricks are just 22 years old and could carve out places in the Grizzlies’ long-term plans, the return for Jackson is primarily about adding three more first-round picks to an ever-growing collection of draft assets and creating additional cap flexibility in the present and future. The Grizzlies now control 12 first-rounders in the next seven drafts, notes Yossi Gozlan of The Third Apron (Twitter link).
Jackson renegotiated and extended his contract with Memphis last offseason and will earn $205MM over the next four years after this one. He’s the only player of the eight involved in this trade who is owed guaranteed money beyond next season, and taking on his long-term deal will likely eliminate Utah’s cap room this summer.
In terms of 2025/26 money, Utah will be taking advantage of its significant breathing room below the luxury tax line by increasing its payroll by more than $18MM — the Jazz are sending out a combined $27.5MM in salary and taking back roughly $45.8MM.
As Gozlan tweets, the Jazz will use their four outgoing players to legally match Jackson’s $35MM cap hit, then take the other three incoming players into existing traded player exceptions (or a portion of their mid-level, if they prefer to preserve their bigger TPE).
Memphis, meanwhile, will create a record-setting trade exception worth nearly $28.9MM, per ESPN’s Bobby Marks (Twitter link).
Hawks Trade Krejci To Blazers For Reath, Second-Rounders
3:40 pm: The trade is official, the Hawks and Trail Blazers announced.
11:20 am: The Hawks and Trail Blazers have agreed to a trade, according to ESPN’s Shams Charania, who reports (via Twitter) that Vit Krejci will be heading to Portland for Duop Reath and two second-round picks.
The Hawks will receive their own 2027 second-round pick back from Portland, as well as New York’s 2030 second-rounder, per Jake Fischer of The Stein Line (Twitter link). The Blazers controlled both of those picks from previous trades.
Reath, a 6’9″ big man, recently underwent season-ending foot surgery. Although he doesn’t state it outright, Charania suggests Reath could be waived to open a roster spot for the Hawks (Twitter link). N’Faly Dante, who is also out for the season after tearing his ACL, is another candidate to be released, tweets cap expert Yossi Gozlan.
According to Marc Stein of The Stein Line (Twitter link), the Trail Blazers have been very active in trade conversations. They plan to promote two-way players Caleb Love and Sidy Cissoko to standard contracts after the February 5 deadline, Stein adds.
As several NBA insiders have noted, Atlanta evidently viewed Krejci as expendable after the team acquired Corey Kispert from Washington.
A 6’8″ guard, Krejci has averaged 9.0 points, 2.1 rebounds and 1.5 assists while shooting 42.3% from three-point range in 46 appearances this season (22.3 minutes per game). The 25-year-old is on a very affordable contract, earning $2.3MM this season, a non-guaranteed $2.7MM in 2026/27, with a $3MM team option for ’27/28.
Krejci’s outside shooting fills an immediate need for the Blazers, who rank last in the league in three-point percentage (33.6%). The former second-round pick will be extension-eligible in July, per ESPN’s Bobby Marks (Twitter link).
Reath, meanwhile, is earning $2.2MM this season and could be a restricted free agent in the summer if he finishes his current contract and is given a qualifying offer, though that seems unlikely.