A total of 20 NBA trades were completed during the 2021/22 season. That number dipped to 17 in '22/23 before jumping to a whopping 27 in '23/24.
While it's possible the number of in-season trades made between now and the 2025 trade deadline will match or surpass those totals, I expect it to be more difficult than ever this season for teams to find suitable trade partners and viable deals as they navigate the cap, tax, and aprons.
Fourteen NBA teams are currently operating in luxury tax territory. Nine of those teams are over the first tax apron and four of those nine are over the second apron too, significantly restricting the types of moves they're permitted to make.
Of the 16 non-tax clubs, seven are within $5MM of the luxury tax line and will likely do all they can to avoid surpassing that threshold. A total of 17 clubs (some in the tax and some not) face hard caps that could further limit their flexibility.
In other words, completing even a fairly straightforward deal could require some creativity, given the roadblocks that teams will have to work around on the trade market.
There's also another complicating factor for teams to consider, which we want to focus on today. In the space below, we'll take a closer look at how two forms of bonuses could impede trade scenarios this season, as well as identifying several top trade candidates with bonuses who are worth keeping an eye on.