Mike Conley Waived By Hornets
The Hornets have waived Mike Conley after acquiring him on Wednesday in a trade with Chicago, the team announced (via Twitter).
The veteran point guard will be eligible to sign with any team except for the Bulls if no one claims him and his $10.8MM salary on waivers. There have been reports that he may be interested in returning to the Timberwolves, which would be permitted since he was traded twice before being released, but there’s no confirmation that will be his next move.
Minnesota is adding a point guard in today’s trade with Chicago for Ayo Dosunmu, but still has two roster openings if there’s mutual interest with Conley.
Conley, 38, moved into a reserve role for the Wolves this season for the first time since being acquired from Utah at the 2023 trade deadline. He appeared in 44 games, averaging 4.4 points, 1.4 rebounds and 1.8 assists in 18.5 minutes per night with .322/.321/.891 shooting numbers.
Conley was sent to the Bulls on Tuesday in a three-team trade that also involved Detroit. He was shipped to Charlotte a day later in the Coby White deal.
Knicks Trade Guerschon Yabusele, Cash To Bulls
February 5: The trade is official, according to the Bulls, who say they also received cash from the Knicks in the deal (Twitter link).
The Knicks will flip Terry to New Orleans in order to acquire Jose Alvarado, as we detail in a separate story.
February 4: The Bulls will acquire Guerschon Yabusele from the Knicks in exchange for Dalen Terry, sources tell ESPN’s Shams Charania (Twitter link).
New York had reportedly been looking to unload Yabusele for several weeks, but couldn’t find a taker because of his $5.7MM player option for next season. Chicago decided to take the risk on a player who was effective last season in Philadelphia but has struggled since joining the Knicks.
Rumors had emerged that the 30-year-old Yabusele was considering going back to Europe, where he was a star for five seasons, but this trade will likely quash that speculation. The Bulls intend to hang onto the Frenchman, tweets Ian Begley of SNY.tv.
Yabusele was only averaging 8.9 minutes per night in 41 games with New York, but he figures to see a larger role in the Bulls’ revamped frontcourt. Chicago has been in need of additional size all season and agreed to trade starting center Nikola Vucevic to Boston earlier this week.
The Knicks get a small amount of savings by swapping Yabusele’s $5.5M salary for Terry, who’s making $5.4MM in the final season of his rookie contract and is on a path for restricted free agency this summer. The 23-year-old shooting guard was selected with the 18th pick in the 2022 draft, but he hasn’t been able to earn a consistent rotation spot during his four years in Chicago.
The deal increases the Knicks’ space below the second apron from $148,359 to $249,241, according to Yossi Gozlan of The Third Apron (Twitter link), allowing them to sign a 15th player on March 26 instead of waiting until April 2.
New York can still ship Terry to another team before Thursday’s deadline, and Gozlan believes they’ll likely get more interest in his expiring deal than they did in Yabusele.
No Trades Involving Morant, Kawhi, Sabonis, Zion, More
The Bucks informed rival teams a few hours ahead of Thursday’s deadline that they wouldn’t be trading superstar forward Giannis Antetokounmpo, and several other noteworthy players will remain with their respective teams after the deadline passed at 2:00 pm CT.
Point guard Ja Morant was available on the trade market for at least four weeks, but even after lowering their asking price, the Grizzlies were unable to find a taker for the two-time All-Star, confirms Brett Siegel of ClutchPoints (via Twitter). According to Siegel, Memphis will revisit trade talks for Morant in the offseason.
According to Shams Charania of ESPN (Twitter link), while a few teams were “intrigued” by the 26-year-old’s talent, none were willing to make a “serious offer.” The Kings, Bucks, Heat and Timberwolves were all linked to Morant in recent days, though there’s no indication that talks ever reached an advanced stage.
As Siegel writes, the Grizzlies were looking for a first-round pick for the two-time All-Star, but no teams were willing to meet that asking price. Miami, for instance, was only willing to give up expiring contracts and second-round picks for Morant, sources tell Siegel.
Morant’s injury history and maximum-salary contract limited his appeal on the trade market, per Grant Afseth of Dallas Hoops Journal. The former No. 2 overall pick is on a guaranteed deal that runs through 2027/28.
“You’re committing to several years, and if it doesn’t work, you’re probably carrying that contract until it’s an expiring at least,” one league source told Afseth. “Most teams would want to be compensated just to take that deal on, whether they believe in Morant or not.”
The Clippers made a pair of major trades, swapping James Harden for Darius Garland and sending Ivica Zubac to Indiana for two first-round picks, one second-rounder, Bennedict Mathurin and Isaiah Jackson. All-Star Kawhi Leonard won’t be going anywhere though, tweets NBA insider Chris Haynes.
Two-time All-NBA big man Domantas Sabonis, who was repeatedly linked to Toronto until Sacramento’s talks with the Raptors “flat-lined,” will stay put with the Kings, sources tell Jake Fischer of The Stein Line (Twitter link). The Kings were also unable to find suitable deals for Zach LaVine, DeMar DeRozan and Malik Monk, per Haynes (Twitter link).
Jarrett Allen (Cavaliers), Lauri Markkanen (Jazz), LaMelo Ball (Hornets), and Zion Williamson, Trey Murphy III and Herbert Jones of the Pelicans are among the other noteworthy players whose names came up in trade speculation this season who will remain with their respective clubs.
Of course, we saw a flurry of trades that did transpire in the lead-up to the deadline. The full list can be found here.
Nets To Waive Cam Thomas
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.
Hornets Trading Tyus Jones To Mavericks For Malaki Branham
After picking up Tyus Jones in a deal with Orlando on Wednesday, the Hornets have agreed to trade him to the Mavericks, sources tell ESPN’s Shams Charania (Twitter link).
Charlotte will receive Malaki Branham in return while generating a $7MM trade exception. There are no picks involved on either side, adds Christian Clark of The Athletic (Twitter link).
Dallas was hoping to sign Jones last summer in its search for a point guard, but couldn’t compete with the $7MM offer he received from the Magic, according to Jake Fischer of The Stein Line (Twitter link). The Mavs wound up adding D’Angelo Russell, who is heading to Washington as part of the Anthony Davis deal.
Charlotte agreed to take on Jones’ contract in a salary dump that moved Orlando below the luxury tax line, getting a pair of future second-round picks in return.
Jones struggled with his shot during his time with the Magic, connecting at 32.4% from the field and 29.4% from three-point range in 48 games. But he remains one of the NBA’s most dependable ball-handlers and could have a prominent role with Dallas until Kyrie Irving returns from injury.
Branham was a part-time starter during his first two seasons with San Antonio after being selected with the 20th pick in the 2022 draft, but his playing time has dropped sharply over the past two years. He’s being sent from Washington to Dallas in the Davis trade and is earning $5MM in the final year of his rookie contract.
Nick Richards To Bulls In Three-Team Trade Involving Suns, Bucks
1:58 pm: The Bucks and Suns have expanded the trade, adding the Bulls to the mix, Charania tweets. Richards will head to Chicago instead of Milwaukee with Ousmane Dieng going to Milwaukee.
Richards could see more playing time with the Bulls, considering they dealt Nikola Vucevic this week. Dieng wound up in Chicago earlier this week when the Thunder traded him to Charlotte, which then re-routed him to the Windy City in the Coby White deal.
Dieng appeared in 27 games off the bench for Oklahoma City. He’s making $6.67MM this season and will be a restricted free agent this summer.
11:08 am: The Bucks and Suns have reached an agreement on a trade that will send guard Cole Anthony and wing Amir Coffey to Phoenix in exchange for center Nick Richards and forward Nigel Hayes-Davis, sources tell Shams Charania of ESPN (Twitter link).
The news of the deal comes right on the heels of Charania’s report that the Bucks were informing Giannis Antetokounmpo suitors that the star forward will stay put and that they’re moving onto other trade opportunities.
This deal will probably have a minimal impact in terms of on-court performance but it does impact salary cap sheets for this season.
For the Suns, it’s a major financial boon. Phoenix drops under the luxury tax line by roughly $2.5MM and also creates a $5MM trade exception by shipping out Richards, cap expert Yossi Gozlan tweets. Richards has an expiring contract, as does Hayes-Davis, who is making just over $2MM with no future obligations.
Anthony is making just under $2.67MM this season, while Coffey has a $2.87MM salary. Both are also on expiring deals with matching cap hits of $2,296,274.
According to Phoenix radio host John Gambadoro of Arizona Sports 98.7 (Twitter link), the trade creates a pathway for the Suns to promote two-way player Jamaree Bouyea to their standard roster. Bouyea is averaging 7.0 points in 15.3 minutes per game through 25 appearances.
Phoenix was already carrying 14 players on standard contracts, one less than the maximum, but the trade will give the team more financial flexibility to promote Bouyea and remain below the tax. It remains to be seen whether the Suns will retain both Anthony and Coffey, but they could create another roster opening if they waive one of them.
Anthony has appeared in 35 games off the bench this season, averaging 6.7 points and 3.5 assists in 15.1 minutes per game. Coffey has seen action in 30 games, averaging 2.4 points in 8.8 minutes per contest. Anthony might be the more valuable piece, as he could fill a role as a backup point.
Richards started 34 of 36 games for the Suns last season after being acquired from Phoenix but his role has diminished this season. He’s appeared in 28 games, averaging 3.2 points and 3.3 rebounds in 9.1 minutes. Hayes-Davis has seen even less court time, averaging 1.3 points in 7.2 minutes over 27 games.
While Hayes-Davis seems unlikely to play a major role in Milwaukee and is probably a candidate to be released, Richards could see rotation minutes in the team’s frontcourt.
Sixers Sign Charles Bassey To Another 10-Day Deal
The Sixers have signed Charles Bassey to another 10-day contract, according to the NBA transactions log.
Bassey signed his first 10-day contract. Bassey, who was originally drafted in the second round by the Sixers in 2021, has yet to appear in a game with Philadelphia this season.
Bassey, a 25-year-old center, was averaging 19 points and 11 rebounds per game with Santa Cruz in the G League. Following an outstanding Summer League performance with Boston, he signed an Exhibit 10 deal with Atlanta in September. The Hawks waived Bassey prior to the start of the season, and he inked a 10-day hardship contract with Memphis in late October. He appeared in two games during that time, but was let go when the contract expired.
Bassey provides some temporary frontcourt depth on Philadelphia’s roster, which is in a state of flux.
Grizzlies To Acquire Eric Gordon From Sixers
The Sixers will trade veteran guard Eric Gordon and a second-round pick swap in 2032 to the Grizzlies, sources tell ESPN’s Shams Charania (Twitter link).
Philadelphia will receive the draft rights to Justinian Jessup in return, according to Kyle Neubeck of PHLY Sports (Twitter link). Jessup, a 27-year-old guard who was selected in the second round in 2020, is currently playing for Bayern Munich in Germany.
Memphis has a full roster and plans to waive Georges Niang so the trade can be completed, per Grant Afseth of Dallas Hoops Journal (Twitter link). Niang, who was acquired from Utah on Tuesday, has an $8.2MM expiring contract.
Finding a taker for Gordon opens more room below the tax line (and another roster spot) for the Sixers to convert two-way forward Dominick Barlow to a standard deal. Barlow has been outstanding in his fourth NBA season, starting 33 of the 40 games he’s played and averaging career highs with 8.4 points and 5.1 rebounds in 24 minutes per night.
Barlow still has 10 games left before he reaches his limit for the season, so it’s not necessarily an immediate concern, but the Sixers need to have him on a standard contract to make him eligible for the playoffs. The team also seems likely to promote two-way player Jabari Walker, who reached his 50-game limit this week.
Gordon, 37, has only appeared in six games this season and was functioning as a virtual assistant coach in Philadelphia. His $3.6MM expiring contract only carries a $2.3MM cap hit, and he appears to be a strong candidate to be waived in Memphis once the deal is finalized.
Celtics To Trade Josh Minott To Nets
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.
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.
Clippers To Trade Ivica Zubac To Pacers
The Pacers have their new starting center, according to ESPN’s Shams Charania, who reports (via Twitter) that Indiana has reached an agreement to acquire Ivica Zubac from the Clippers.
The full trade, according to reports from Charania (Twitter links), Jake Fischer of The Stein Line (all Twitter links), and Brett Siegel of ClutchPoints (Twitter links), is as follows:
- Pacers to acquire Zubac and Kobe Brown.
- Clippers to acquire Bennedict Mathurin, Isaiah Jackson, the Pacers’ 2026 first-round pick (top-four protected and 10-30 protected), the Pacers’ 2029 first-round pick (unprotected), and the Mavericks’ 2028 second-round pick.
If that 2026 Pacers pick doesn’t land between No. 5 and No. 9, the Clippers will instead get Indiana’s unprotected 2031 first-rounder, according to Fischer.
Ever since losing Myles Turner to the division-rival Bucks in free agency last summer, the Pacers have been in the market for a new starting center, having attempted to temporarily address the position this season with a combination of Jackson, Jay Huff, Micah Potter, Tony Bradley, and James Wiseman.
Indiana was linked to several starting-caliber centers on the trade market, with a focus on players with modest or mid-sized contracts, such as Daniel Gafford, Nic Claxton, Walker Kessler, and Yves Missi. According to NBA insider Chris Haynes (Twitter link), the Pacers made a recent push to acquire Kessler, offering a package that included two unprotected first-round picks, but were rebuffed by the Jazz.
Zubac was the one name continually being linked to the Pacers for much of the season, but it was unclear if the Clippers intended to entertain offers for him after fighting their way back into the postseason picture with a 16-3 stretch. In the wake of the Clippers’ deal sending James Harden to Cleveland earlier this week, Zubac rumors once again began percolating as it became clearer that the organization had an eye toward its future, and Indiana pivoted its attention to the 28-year-old big man.
Zubac is coming off a career year in which he averaged 16.8 points and 12.6 rebounds per game, finished as the Most Improved Player runner-up, made the All-Defensive second team, and placed sixth in Defensive Player of the Year voting.
While he may not receive the same kind of award consideration this season as a member of sub-.500 teams, Zubac has once again been a valuable anchor at the five, averaging 14.4 PPG and 11.0 RPG on 61.3% shooting through 43 games. He also has a team-friendly contract that includes an $18.1MM salary this season, with guaranteed salaries of $19.6MM and $21MM to follow.
Those cap hits will increase slightly as a result of the 5% trade kicker included in Zubac’s contract, adding nearly $800K per year, notes Yossi Gozlan of The Third Apron (Twitter link). Still, his contract should provide strong value to the Pacers over the next two-and-a-half seasons as the team looks to return to contention after a disappointing 2025/26 showing.
Speaking of the Pacers’ ’25/26 performance, they currently have the third-worst record in the NBA at 13-38. They’re narrowly ahead of the Pelicans and Kings in the standings and just one game back of the Nets and Wizards, so their place in the lottery standings could change between now and the end of the season, but right now, there’s a 52.1% chance they’ll land a top-four pick and a 47.9% chance they’ll be between No. 5 and No. 7, per Tankathon.
In other words, the Clippers will have roughly a 50/50 chance – or slightly better, depending where the Pacers finish – of securing a lottery pick in the 5-9 range of what is considered a very strong draft.
That pick could be the crown jewel of the Clippers’ return for Zubac, but even if it ends up in the top four and Indiana keeps it, L.A. will be on track to receive two unprotected Pacers first-rounders down the road and is adding two young players to its roster in Mathurin (23 years old) and Jackson (24 years old).
Mathurin, the sixth overall pick in 2022, has battled thumb and toe issues this season that have limited him to 28 games, but he’s still averaging career highs in points (17.8), rebounds (5.4), and assists (2.3) per contest while shooting 37.2% from beyond the three-point line. The Canadian guard will be eligible for restricted free agency this summer.
Jackson, meanwhile, has started 14 of his 38 games for the Pacers this season, coming off an Achilles tear that limited him to five outings in 2024/25. He has averaged 6.4 PPG and 5.6 RPG in 16.8 MPG.
The fifth-year center has a $7MM salary for next season and a $6.4MM salary for ’27/28. There’s some injury protection language in his deal, notes ESPN’s Bobby Marks (Twitter link), but unless he injures his Achilles again, those salaries will remain guaranteed.