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2024 NBA Trade Deadline Recap

February 8th, 2024 at 11:50pm CST by Luke Adams

Most of the marquee in-season trades that took place during the 2023/24 season happened well before the trade deadline, including James Harden to the Clippers in November, OG Anunoby to the Knicks in December, and Pascal Siakam to the Pacers in January.

Still, there was no shortage of trade activity during the 30 hours leading up to the deadline, with 22 teams getting together to complete 19 trades on Wednesday and Thursday. A total of 46 NBA players were on the move in those deals, along with four more draft-and-stash players and plenty of draft picks and cash.

Here’s a recap all of 2024’s deadline deals:

Trades made on deadline day

The Knicks pick up a pair of solid rotation players (story)

The Sixers trade for one of the NBA’s best three-point shooters (story)

  • Sixers acquire Buddy Hield.
  • Pacers acquire Doug McDermott, Furkan Korkmaz, the Raptors’ 2024 second-round pick, the Trail Blazers’ 2029 second-round pick, and cash (from Sixers).
  • Spurs acquire Marcus Morris, the Clippers’ 2029 second-round pick, and cash (from Sixers).
  • Note: The 2024 second-rounder technically has “most favorable” language, but there’s essentially no chance it won’t be Toronto’s pick.

Danny Ainge continues to stockpile draft assets (story)

  • Raptors acquire Kelly Olynyk and Ochai Agbaji.
  • Jazz acquire Otto Porter, Kira Lewis, and either the Thunder’s, Clippers’, Rockets’ (top-four protected), or Jazz’s (top-10 protected) 2024 first-round pick (whichever is least favorable).

The Mavericks undo an offseason acquisition and swap power forwards (story)

  • Mavericks acquire P.J. Washington, the Celtics’ 2024 second-round pick, and a 2028 second-round pick.
  • Hornets acquire Grant Williams, Seth Curry, and the Mavericks’ 2027 first-round pick (top-two protected).

The Mavericks line up a draft asset to use in a separate deal… (story)

  • Mavericks acquire either the Thunder’s, Clippers’, Rockets’ (top-four protected), or Jazz’s (top-10 protected) 2024 first-round pick (whichever is second-least favorable).
  • Thunder acquire the right to swap first-round picks with the Mavericks in 2028.

… The Mavs make use of that draft asset to upgrade at center (story)

  • Mavericks acquire Daniel Gafford.
  • Wizards acquire Richaun Holmes and either the Thunder’s, Clippers’, Rockets’ (top-four protected), or Jazz’s (top-10 protected) 2024 first-round pick (whichever is second-least favorable).

The upstart Thunder add a veteran for their playoff run (story)

The Suns acquire some extra help on the wing (story)

  • Suns acquire Royce O’Neale and David Roddy.
  • Nets acquire Keita Bates-Diop, Jordan Goodwin, either the Pistons’, Bucks,’ or Magic’s 2026 second-round pick (whichever is least favorable; from Suns), the Grizzlies’ 2028 second-round pick (from Suns), the Grizzlies’ 2029 second-round pick (from Suns), and the draft rights to Vanja Marinkovic (from Grizzlies).
  • Grizzlies acquire Yuta Watanabe, Chimezie Metu, and the right to swap their own 2026 first-round pick for either the Suns’, Magic’s, or Wizards’ 2026 first-round pick (whichever is least favorable).

The Timberwolves aim to solidify their backup point guard spot (story)

The Nets swap point guards, while the Raptors clear more 2024 cap room (story)

The Bucks look to improve their perimeter defense with the help of a conference rival (story)

The Celtics add some frontcourt depth (story)

  • Celtics acquire Xavier Tillman.
  • Grizzlies acquire Lamar Stevens, the Hawks’ 2027 second-round pick, and the Mavericks’ 2030 second-round pick.

The Celtics add some backcourt depth (story)

  • Celtics acquire Jaden Springer.
  • Sixers acquire either the Bulls’ or the Knicks’ 2024 second-round pick (whichever is most favorable).

The Pistons land an RFA-to-be wing who’s in their future plans (story)

The Sixers dip below the luxury tax line (story)

  • Pistons acquire Danuel House, the Knicks’ 2024 second-round pick, and cash.
  • Sixers acquire the Pistons’ 2028 second-round pick (top-55 protected).

The Warriors and Pacers make a deal that financially benefits both sides (story)

  • Pacers acquire Cory Joseph, the Hornets’ 2025 second-round pick (top-55 protected) and cash ($5.8MM)
  • Warriors acquire the least favorable of the Pacers’ 2024 second-round picks.
  • Note: In all likelihood, the 2024 pick will be the least favorable of the Bucks’ and Cavaliers’ second-rounders.

The Bucks dump some salary (story)

The Celtics reduce their tax bill (story)

  • Trail Blazers acquire Dalano Banton and cash.
  • Celtics acquire either the Trail Blazers’ or Pelicans’ 2027 second-round pick (whichever is least favorable; top-55 protected).

The Clippers take advantage of their last opportunity to trade cash for a while (story)

  • Clippers acquire the draft rights to Ismael Kamagate.
  • Nuggets acquire cash ($2.68MM).

Notable trade candidates who stayed put

Players waived on deadline day

Officially released:

Expected to be bought out or waived:

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Thunder Acquire Gordon Hayward From Hornets

February 8th, 2024 at 9:57pm CST by Arthur Hill

9:57pm: The trade is official, according to a press release from the Hornets. Charlotte received Bertans, Mann, Micic, and second-round picks in 2024 and 2025 in exchange for Hayward.

The Thunder announced in their own press release confirming the deal that the 2024 second-rounder is Houston’s and the 2025 second-rounder is Philadelphia’s. Oklahoma City also said it sent cash to Charlotte in the swap.

The Hornets waived guards Ish Smith and Frank Ntilikina to make room on their roster for the incoming players.

1:04pm: The Hornets will receive a pair of second-round picks from the Thunder in the deal, reports ESPN’s Zach Lowe (Twitter link).

11:17am: Oklahoma City will include Vasilije Micic in the deal for salary-matching purposes, Charania tweets. The 30-year-old point guard makes $7.7MM this season and next year, with an $8.1 team option for 2025/26. Charlotte will also receive draft compensation, Charania adds.

The trade will leave the Thunder $6.9MM below the tax threshold with two open roster spots, Gozlan notes (Twitter link).

9:54am: The Thunder are nearing a deal for Hornets forward Gordon Hayward, according to Shams Charania of The Athletic (Twitter link).

Tre Mann and Davis Bertans will be sent to Charlotte in return, sources tell Adrian Wojnarowski of ESPN (Twitter link).

Hayward’s contract includes a 15% trade bonus that will adjust his salary from $31.5MM to about $33.3MM tweets Yossi Gozlan of HoopsHype. That would move Oklahoma City into luxury tax territory unless Hayward opts to waive part of the bonus, but there’s been no indication yet that he will agree to that. Gozlan notes that Hayward is eligible for an extension of up to two seasons through the end of June.

The Thunder will have to take back more money for the deal to be finalized, points out Bobby Marks of ESPN (Twitter link). Bertans is making $17MM this season and Mann is at $3.2MM, which isn’t enough to match Hayward’s salary.

The 33-year-old Hayward brings a veteran presence to a young OKC team that has exceeded expectations this year. Injuries have limited him to 25 games, but he has been productive when he’s been able to play, averaging 14.5 points, 4.7 rebounds and 4.6 assists while shooting 46.8% from the field and 36.1% from three-point range.

Bertans, a 31-year-old power forward, is headed for his fourth team in the last three years. The veteran sharpshooter has been out of the Thunder’s rotation all season, with minimal playing time in 15 games. He holds a $5.25MM guarantee on his $16MM salary for 2024/25.

Mann, a third-year point guard, has seen limited action in 13 games this season. He was selected with the 18th pick in the 2021 draft and is under contract for one more season at $4.9MM.

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Timberwolves, Pistons Complete Monte Morris Trade

February 8th, 2024 at 9:05pm CST by Luke Adams

FEBRUARY 8: The Pistons have officially traded Morris to Minnesota in exchange for Milton, Brown, and the Timberwolves’ 2030 second-round pick, according to announcements from both teams.

Danilo Gallinari was waived by Detroit to complete the transaction.

FEBRUARY 7: The Timberwolves and Pistons are finalizing a trade that will send point guard Monte Morris to Minnesota, reports Shams Charania of The Athletic (Twitter link).

According to Charania (Twitter link), Detroit will receive Shake Milton, Troy Brown, and a second-round pick in the swap. The pick will be Minnesota’s own 2030 second-rounder, per Chris Hine of The Star Tribune (Twitter link).

Morris was traded from Washington to Detroit during the 2023 offseason in exchange for a future second-round selection, but battled back and quad injuries that delayed his Pistons debut until late January. He has appeared in just six games so far this season and has made a limited impact, averaging 4.5 points, 2.0 rebounds, and 1.3 assists in 11.3 minutes per contest, with a shooting line of .364/.182/.500.

However, Morris has a solid track record, having averaged 10.5 PPG, 4.0 APG, and 2.5 RPG on .480/.392/.829 shooting in 339 games across five seasons for the Nuggets and Wizards from 2018-23. He was a key contributor for many years in Denver under current Timberwolves president of basketball operations Tim Connelly.

The Wolves had been in the market for a ball-handler who could back up starter Mike Conley. Jordan McLaughlin, Nickeil Alexander-Walker, and Kyle Anderson have all gotten some reps in that role, but Morris is a more reliable option as a backup point guard, assuming he stays healthy and rounds into his usual form.

Morris is on an expiring $9.8MM contract and will become an unrestricted free agent this summer if he doesn’t sign an extension before then. As cap expert Yossi Gozlan observes (via Twitter), the 28-year-old will remain eligible until June 30 to sign an extension of up to two years, but Minnesota already projects to be well into tax territory next season, so it’s possible he’ll end up being a rental.

The Wolves will remain about $1.6MM below the luxury tax line after the trade and will have a pair of open spots on their 15-man roster, Gozlan adds (via Twitter). They’ll also be able to create a $4MM trade exception in the deal.

By acquiring a second-round pick for Morris, the Pistons will recoup the price they initially paid for him and won’t impact their projected summer cap room. Milton is earning $5MM this season while Brown is making $4MM, and both players have identical non-guaranteed cap hits for next season.

Assuming the Pistons hang onto both Milton and Brown for the rest of the season, they’ll have to decide by the end of June whether they want to guarantee either player’s 2024/25 salary.

Detroit will have to trade or waive a player to complete the deal, since the club currently has a full 15-man roster.

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Bucks Acquire Beverley From Sixers For Payne, Second-Rounder

February 8th, 2024 at 8:38pm CST by Rory Maher

8:38pm: The Bucks and Sixers have each put out a press release officially confirming the deal.

12:43pm: The Bucks are acquiring Patrick Beverley from the Sixers, he announced (via Twitter). Philadelphia will receive Cameron Payne and Milwaukee’s 2027 second-round pick, according to reports from Adrian Wojnarowski of ESPN and Shams Charania of The Athletic (All Twitter links).

Both players are on expiring minimum-salary contracts, so neither the Bucks nor the 76ers will have financial commitments to the veteran guards beyond this season.

The Bucks have reportedly been scouring the trade market in search of help on the defensive end. The team is currently 33-18, but Milwaukee ranks just 18th in the league in defense.

Beverley, 35, is a three-time All-Defensive team member, and while he’s no longer in his prime, he still ranks as a positive contributor on that end. It’s worth noting that Beverley previously played under new Bucks head coach Doc Rivers while they were employed by the Clippers.

As Ira Winderman of The South Florida Sun Sentinel tweets, sending out a defensive-minded veteran like Beverley might mean Philadelphia is confident about signing Kyle Lowry via buyout. Lowry is currently on the Hornets after being traded by the Heat.

Jake Fischer of Yahoo Sports reported (via Twitter) on Thursday afternoon that Milwaukee was looking at Jazz guard Kris Dunn and Pelicans wing Naji Marshall to improve its defense. Perhaps the asking price for Dunn was too steep, and the Bucks decided to pivot to Beverley.

Payne, 29, is a former lottery pick who didn’t find much success over his first four seasons, but he resurrected his NBA career after a solid multiyear stint with Phoenix. Payne was traded to San Antonio in the offseason, waived, and then signed a one-year deal with Milwaukee. He has averaged 6.2 points and 2.3 assists while shooting 39.7% from three-point range in 47 games this season (14.9 minutes).

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Suns Acquire Royce O’Neale In Three-Way Deal

February 8th, 2024 at 7:22pm CST by Dana Gauruder

7:22pm: The trade is official, according to a press release from the Grizzlies, who classified the draft asset they’re getting from the Suns as a “future first-round pick swap.”

Memphis will be able to swap its own 2026 first-round pick for the least favorable of the Suns’, Wizards’, and Magic’s first-rounders that year, tweets Chris Herrington of The Daily Memphian.

As previously reported, Brooklyn waived Thaddeus Young and Memphis cut Victor Oladipo to make room on their respective rosters for the incoming players.

4:58pm: The Suns hung onto Boston’s 2028 second-round pick, tweets Gambadoro, which means the three future second-rounders they’re sending Brooklyn are as follows:

  • Either the Pistons’, Bucks,’ or Magic’s 2026 second-round pick (whichever is least favorable).
  • The Grizzlies’ 2028 second-round pick.
  • The Grizzlies’ 2029 second-round pick.

12:18pm: The Nets are finalized a trade to send forward Royce O’Neale to the Suns for matching salaries and three second-round picks, Shams Charania of The Athletic tweets.

Phoenix is also acquiring forward David Roddy from the Grizzlies in exchange for a pick swap, Charania adds. (Twitter link).

The Suns are sending out Keita Bates-Diop, Yuta Watanabe, Jordan Goodwin and Chimezie Metu, John Gambadoro of 98.7 FM Phoenix tweets. They are all on minimum salary deals.

Watanabe and Metu will head to the Grizzlies, while Brooklyn will acquire Bates-Diop and Goodwin, per Duane Rankin of The Arizona Republic (Twitter link).

O’Neale is in the final year of a four-year, $36MM contract and could enter unrestricted free agency this summer with full Bird rights. He’s making $9.5MM this season.

He’ll be extension eligible with the Suns for a maximum of two-years and $20.5MM, Yossi Gozlan of Hoops Hype tweets.

Roddy is making $2.72MM this season and already had $4.83MM option for next season picked up by Memphis. Phoenix can use the $4,975,371 traded player exception it generated in the Dario Saric trade with Oklahoma City last season to absorb Roddy’s salary. That exception expires on Friday.

The Suns were considered the top suitor for the Hornets’ Miles Bridges. However, Bridges reportedly told Charlotte’s front office he wouldn’t approve any trade. Phoenix pivoted to O’Neale, who will immediately jump into its rotation.

O’Neale gives Phoenix a playoff-tested, defensive-minded veteran. He has been coming off the bench most of this season but could slot into Phoenix’s star-laden lineup if the Suns want to use Grayson Allen in a sixth-man role.

O’Neale is averaging 7.4 points, 4.5 rebounds and 2.8 assists in 24.5 minutes per game this season. He’s a career 38.1% 3-point shooter and should get plenty of open looks playing with Phoenix’s stars.

Phoenix will see its luxury tax bill rise by $13.5MM, Gozlan tweets. Overall, the Suns will have a payroll and luxury tax penalty adding up to more than $254.5MM this season, Gozlan notes in another tweet.

By swapping out four players for a pair, Phoenix will also have to add another player to reach the league minimum or 14. That will also increase their tax bill.

Watanabe and Bates-Diop are signed through next year. Metu has an expiring contract and Goodwin’s contract includes a team option for next season.

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Wizards Trade Daniel Gafford To Mavericks

February 8th, 2024 at 7:12pm CST by Arthur Hill

7:12pm: The trade sending Gafford to the Mavericks in exchange for Holmes and a 2024 first-round pick is official, the Wizards announced in a press release.

Washington will be receiving the second-least favorable of the Thunder’s, Clippers’, Rockets’ (top-four protected), and Jazz’s (top-10 protected) 2024 first-rounders.

12:11pm: The Mavericks will be acquiring the Thunder’s second-least favorable 2024 first-round pick in order to reroute it to the Wizards, reports Stein (Twitter link). Details on that separate deal can be found right here.

10:25am: The Mavericks are nearing a deal to acquire Daniel Gafford from the Wizards in exchange for Richaun Holmes and draft picks, tweets Adrian Wojnarowski of ESPN.

Dallas has been in the market for another big man and lands a reliable rim protector in Gafford, who has been Washington’s starting center for the better part of the last three seasons. The 25-year-old is posting career highs across the board with 10.9 points, 8.0 rebounds, 1.5 assists, 1.0 steals and 2.2 blocks through 45 games.

Gafford is under contract on a team-friendly deal at $12.4MM this season, $13.4MM next season and $14.4MM for 2025/26. He will fortify the Mavericks’ front court and will likely split time at center with rookie Dereck Lively II.

Holmes, 30, was acquired from the Kings last offseason but never established himself as part of the Mavs’ rotation. He appeared in 23 games, starting two, and averaged 3.4 points and 3.4 rebounds in 10.3 minutes per night. He’s making $12MM this year and holds a $12.9MM player option for next season.

The Mavericks are trying to acquire draft assets from other teams so they can send them to Washington to complete the trade, sources tell Marc Stein (Twitter link). Stein adds that Dallas is close to a deal with the Thunder for draft compensation that will be relayed to the Wizards (Twitter link).

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Mavericks Acquire P.J. Washington From Hornets

February 8th, 2024 at 6:43pm CST by Arthur Hill

6:43pm: The deal is official, according to press releases from both teams. The Hornets’ announcement indicates that the two draft picks they sent to Dallas are second-rounders in 2024 and 2028.

Charlotte’s lone 2024 second-round selection is Boston’s pick, so that will presumably be the one headed to the Mavericks. The Hornets own the Clippers’ 2028 second-rounder as well as their own, so it’s unclear which of those was included in the deal.

The Hornets didn’t announce in their press release which player they waived to complete the one-for-two trade, but an earlier report stated that James Bouknight was being let go.

12:07pm: The Hornets will send P.J. Washington to the Mavericks in exchange for Grant Williams, Seth Curry and a first-round pick, tweets Shams Charania of The Athletic.

The pick will be Dallas’ 2027 selection, which will be top-two protected, Charania adds (Twitter link). In return, the Mavs will get two second-rounders from Charlotte.

Dallas was willing to part with its last tradeable first-rounder so it could keep Josh Green out of the deal, sources tell Marc Stein (Twitter link).

Washington provides Dallas with a reliable frontcourt scorer on a manageable long-term contract. He’s signed through the 2025/26 season with annual salaries of $16.8MM, $15.5MM and $14.1MM and has a bonus of $500K if he plays at least 74 games or 2,400 minutes, which is considered unlikely, according to Bobby Marks of ESPN (Twitter link).

The 25-year-old forward has been with Charlotte since being selected with the 12th pick in the 2019 draft. He was used mainly off the bench this year after starting last season and was averaging 13.6 points, 5.5 rebounds and 2.2 assists in 44 games.

The Mavericks find a way to move off the four-year deal they gave Williams last summer in a sign-and-trade with Boston. He’s making $12.4MM this year and is owed $13MM, $13.6MM and $14.2MM over the next three seasons. Williams, 25, hadn’t provided the fit that Dallas was hoping for and was averaging just 8.1 points and 3.6 rebounds in 26.4 minutes per night.

Curry, who heads to his hometown in the trade, is effectively an expiring contract as his $4MM salary for next season is non-guaranteed. The 33-year-old shooting specialist appeared in 36 games after signing with the Mavericks last summer, but was averaging just 4.3 PPG and playing 12.7 minutes per night.

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Sixers, Pacers, Spurs Complete Hield, McDermott Deals As Three-Team Trade

February 8th, 2024 at 6:40pm CST by Luke Adams

The Pacers, Sixers, and Spurs have folded a pair of separate trade agreements into a single transaction, announcing in a series of press releases that the deals sending Buddy Hield to Philadelphia and Doug McDermott to Indiana have been officially completed as a three-team trade.

The Pacers initially agreed to acquire Marcus Morris, Furkan Korkmaz, three second-round picks, and cash from Philadelphia in exchange for Hield, then reached a deal to flip Morris, one of those second-rounders to San Antonio, and cash for McDermott. Those three pieces will go directly to the Spurs instead.

Here are the full details:

  • Sixers acquire Hield.
  • Pacers acquire McDermott, Korkmaz, the Raptors’ 2024 second-round pick (from Sixers), the Trail Blazers’ 2029 second-round pick (from Sixers), and cash (from Sixers).
  • Spurs acquire Morris, the Clippers’ 2029 second-round pick (from Sixers), and cash (from Sixers).

The 2024 second-round pick going from Philadelphia to Indiana technically includes “most favorable” language and could come from a different team, but there’s essentially no chance it won’t be Toronto’s second-rounder, given their place in the standings.

Folding the two trades into one deal doesn’t materially change much, but it will introduce one notable new wrinkle. If Morris had been traded to Indiana, then sent to San Antonio in a separate deal, he would’ve been eligible to re-sign with the Sixers in the event the Spurs buy him out. However, due to the structure of the deal, he now won’t be permitted to sign with Philadelphia if he’s waived by San Antonio.

A player is prohibited from rejoining a team that traded him if his new team waives him, but if he’s traded twice before being cut, he’s only ineligible to join the club that traded him most recently.

Korkmaz, who is being waived by the Pacers, will also be prohibited from re-signing with the Sixers, though as we noted in a separate story, that was never a likely outcome.

For more details on the Hield and McDermott deals, check out our full stories on the trade agreements.

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Hornets To Cut James Bouknight

February 8th, 2024 at 4:55pm CST by Luke Adams

The Hornets have decided to part ways with former lottery pick James Bouknight, who will be placed on waivers, according to Shams Charania of The Athletic (Twitter link).

Charlotte has to make multiple cuts today, since the team agreed to trade Gordon Hayward for three players and P.J. Washington for two.

The 11th overall pick in the 2021 draft, Bouknight never developed into a reliable rotation player for the Hornets, averaging 4.8 points and 1.7 rebounds in 11.4 minutes per game across 79 career appearances. His shooting line during that time was just .363/.335/.762.

Bouknight also had some legal troubles after making his NBA debut and has battled injuries. The 23-year-old underwent surgery to repair a meniscus injury in his left knee in October, which delayed his debut this season.

The Hornets declined their fourth-year option for 2024/25 on Bouknight, so he’s on an expiring contract and will count against Charlotte’s cap for $4.57MM in ’23/24. The team won’t be on the hook for any money for him beyond this season.

Bouknight will be eligible to sign with any team after clearing waivers.

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Pistons Waive Killian Hayes

February 8th, 2024 at 4:31pm CST by Luke Adams

4:31pm: The Pistons have officially waived Hayes, the team confirmed today (Twitter link).

12:57pm: Former lottery pick Killian Hayes will be released by the Pistons, according to a report from James L. Edwards III and Shams Charania of The Athletic (Twitter link).

The seventh overall pick in the 2020 draft, Hayes entered the NBA with a reputation for being a solid defender and passer whose offensive game was a work in progress. That’s essentially still the case, as his shooting percentages have increased only marginally over the course of his four NBA seasons.

Hayes averaged 6.9 points, 4.9 assists, and 2.8 rebounds in 24.0 minutes per game across 42 appearances (31 starts) this season, with a shooting line of .413/.297/.660. Those field goal and three-point percentages actually represent career bests.

The Pistons reportedly explored the trade market for Hayes prior to Thursday’s deadline – talking to the Grizzlies, among other teams – but apparently didn’t find a deal to their liking. The team agreed to a series of trades that will bring in seven players while sending out three, so the 22-year-old guard will be a victim of the roster crunch, joining Joe Harris among those waived.

Cutting Hayes and Harris will put the Pistons in position to complete at least one and potentially two of their three reported trade agreements. They’ll need to waive two more players to finalize all three deals, but those last two cuts could come from their group of newly acquired players.

Hayes will be eligible to sign with any NBA team if and when he clears waivers, since his salary is well shy of this season’s non-taxpayer mid-level exception.

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