The Heat took a 10-point lead into the fourth quarter of Wednesday’s game in Oklahoma City, then was outscored 32-8 in the final frame. On Thursday, they fell 118-113 to a depleted Dallas squad that was missing its entire starting five due to injuries.

“Everybody understands the urgency right now,” coach Erik Spoelstra said, per Anthony Chiang of the Miami Herald. “There’s not a man in that locker room that doesn’t understand it. We’re disappointed, we’re frustrated. This is humbling.”

We have more out of Miami:

• The Heat were far from full strength in the loss to the Mavericks. Only 10 players were available with Andrew Wiggins missing the game due to a stomach illness after playing 34 minutes the previous night. Tyler Herro, Jaime Jaquez Jr., Duncan Robinson and Terry Rozier have also missed recent games due to the same stomach bug, Chiang notes. Rozier also sat out Thursday’s game, as did Bam Adebayo. The latter was sidelined by a left knee contusion after posting 27 points, 15 rebounds and four assists in 35 minutes the previous night.
• Adebayo expressed exasperation after the late collapse against the Thunder. It was the 13th time this season Miami lost a game after leading by double digits. “It’s one of those things, man, it’s a lesson,” he told Chiang. “But how many times we got to keep learning this lesson? And it’s not just the players, it’s the coaches, as well. We got to understand that we got to all be on the same page.”
• Herro told Ira Winderman of the South Florida Sun Sentinel a sense of urgency is required at all times in order for the club to turn things around. “This is important,” he said. “This needs to matter to everybody in this locker room every single day, every single night, every single film session, shootaround, walkthrough, everything. I think that’s something that we also have to continue to improve at. The games aren’t the only thing that matter. Everything matters. Walkthroughs, like I said. And then just taking care of each other, helping each other, spending time with each other. We just need to get on the same page going into these last 30 games.”
• While the addition of Davion Mitchell gave the Heat a much-needed, point-of-attack backcourt defender, they still lack a definitive play-maker, Winderman writes in his latest mailbag. The subtraction of Jimmy Butler adds to the problem because Herro and Adebayo must focus more on scoring than play-making.

“It’s just very important that we keep understanding that everyone’s body is different [and] how they respond to treatment is different,” head coach Jamahl Mosley told Jason Beede of the Orlando Sentinel. “We’re going to make sure he’s taken care of the right way and understand exactly how we integrate guys back because this is for the long haul.”

The Magic have gone 5-14 over their past 19 games. Their overall defensive rating of 109.0 still ranks third in the league, but it was at 106.4 prior to Suggs’ first 10-game absence and has has been just 113.9 (14th) during that 19-game span without him.

“Jalen is a huge piece for us in what he does and his energy and his enthusiasm — same as Moe Wagner (who is out for the season),” Mosley said. “You can’t replace those pieces whether you try to or not. To put the weight of the entire defense on a young man and what he provides, it’s tough to do.”

We have more from the Southeast Division:

• Andrew Wiggins‘ Heat debut didn’t go well. He shot 3-of-12 shooting from the field while scoring 11 points in 30 minutes against Boston on Monday. Wiggins, acquired from Golden State in the Jimmy Butler blockbuster, wasn’t fazed and knows an adjustment period will be necessary. “That’s the NBA for you,” he said, per Anthony Chiang of the Miami Herald. “It’s never going to be easy. Every game is going to be a dog fight, every game is important, especially for this team. I’m learning my way through. But at the end of the day, it’s basketball. I’ve been playing it since I was a kid. So I think I’ll be fine.”
• The Heat will play a preseason game in Puerto Rico this fall, according to Ira Winderman of the South Florida Sun Sentinel. It will be the team’s seventh exhibition in Puerto Rico over the team’s 38 seasons but their first since 2006.
• Veteran big man Larry Nance Jr. would likely draw a lot of interest in the buyout market but The Athletic’s Sam Vecenie doubts that Nance and the Hawks will pursue that avenue. League sources tell Vecenie that Atlanta coach Quin Snyder is a big fan of the 32-year-old, who has been in the Hawks’ rotation since returning last month from hand surgery. Nance will sit out Wednesday’s game due to a knee injury.

“It was six, eight weeks of not having full clarity,” Spoelstra said, per Anthony Chiang of the Miami Herald. “But I think that helped our team develop some grit. Even though our record isn’t where we want it to be, it could have been a lot worse. You go through a lot of circumstances like that, I’ve seen a lot of teams just fall apart. So we were able to develop some grit that I really like when you have those opportunities during a regular season.”

We have more on the Heat:

• Armando Rivas, listed as an assistant athletic trainer, has submitted his resignation, the South Florida Sun Sentinel’s Ira Winderman writes. Rivas served as Butler’s de facto personal trainer during the forward’s tenure with the Heat, joining Butler from the 76ers during the 2019 offseason.
• The Heat plan to explore the buyout market, according to Barry Jackson of the Miami Herald. They’ll take a cautious approach, since they already have a full roster and would have to waive a player, most likely either Alec Burks or Keshad Johnson, to bring someone new aboard. The Heat’s deadline moves allowed them to move below the first tax apron, meaning they can sign any player who’s bought out, regardless of the player’s pre-waiver salary.
• Andrew Wiggins, the biggest name among the incoming players in the Butler blockbuster, believes he won’t have any trouble fitting into the Heat’s lineup. “Golden State had a unique style, especially playing with Steph (Curry) and Draymond (Green),” he said, per Chiang. “There are similarities with Tyler (Herro) and Bam (Adebayo). So, looking forward to getting out there, being one of the older guys and just getting it started with them.”
• The deadline additions will create some interesting decisions regarding the rotation. Winderman speculates that the only rotation locks are Adebayo, Herro, Wiggins, Kel’el Ware, Duncan Robinson, Davion Mitchell and Nikola Jovic.

Spoelstra admitted that he doesn’t “completely understand” how the relationship deteriorated to the extend that it did, but expressed gratitude to Butler for his time in Miami.

[RELATED: Inside Jimmy Butler’s Final Weeks With Heat]

“It was a great partnership and corroboration for five years,” Spoelstra said. “Some deep core memories. I’m grateful for them and grateful for the time of being able to coach a player like Jimmy.”

As for the outcome of the trade, Spoelstra praised the front office for bolstering the roster “in a way that was really creative,” expressing enthusiasm about the players the team added. The coach lauded Andrew Wiggins for his ability to fit in and make an impact on both ends of the court; cited Davion Mitchell‘s “competitive spirit” and toughness as traits the club has long admired; and referred to Kyle Anderson as one of the league’s most unique role players whose “IQ is off the charts.”

“(General manager) Andy (Elisburg) just did a tremendous job,” Spoelstra said. “Obviously (team president) Pat (Riley) with this vision of all this stuff. And to be able to get a draft pick, we were able to do a lot of different things.

“We have clarity now. This could have looked a lot worse if you had to go through a lot of different changing situations. All things considered, it’s a good spot for this stretch run. We feel good about turning the page of the direction of our franchise. It’s exciting. [And] Jimmy will be in a great place in Golden State.”

Here are a few more items of interest related to the Heat’s trade talks leading up to Thursday’s deadline:

• The Bucks and Sixers were mentioned a couple times in recent weeks as possible suitors for Butler, but neither team had substantive discussions with the Heat, Jackson reports in another Miami Herald story. Jackson believes a trade centered around Butler and Paul George would’ve been of greater interest to Philadelphia than Miami.
• As they engaged Golden State in recent weeks about a Butler trade, the Heat never seriously considered the idea of flipping Wiggins to Toronto or another team, according to Jackson, who says Miami really likes the former No. 1 overall pick and views him as a good two-way fit.
• The Heat would have ducked out of luxury tax territory if they’d completed a rumored side deal to send Anderson to the Raptors, but Toronto’s front office changed its mind about bringing the veteran forward aboard when the team got the chance to acquire Brandon Ingram from New Orleans, says Jackson. The Heat weren’t angry at the Raptors about that pivot, Jackson adds, because they understood their talks were fluid and they hadn’t gotten a firm commitment from Toronto.
• Even though that aspect of the trade fell through, the Heat moved forward with another side deal – sending Dennis Schröder, a second-round pick, and cash to Utah for P.J. Tucker – even though it no longer moved them below the tax line, Jackson writes, because they didn’t want to renege on their agreement with the Jazz. Schröder and Tucker ultimately ended up in Detroit and Toronto, respectively, when the dust settled.
• The Heat, who remained about $2.8MM over the tax line following the Butler blockbuster, received three trade offers in the hours leading up to Thursday’s deadline that would’ve made them a non-taxpayer, per Jackson. However, they decided that all three proposals would make the team worse and opted to remain in the tax rather than accept one of them. Miami is still below the first tax apron, giving the club the ability to pursue any player who hits the buyout market, regardless of the player’s previous salary.

By Saturday, the two teams were far enough along in negotiations that Durant and Stephen Curry touched base to talk about the idea. Shelburne and Windhorst hear from sources that Durant told Curry a reunion with the Warriors “didn’t feel right” and that this “wasn’t the time” for them to team up again.

While the Warriors were discouraged by Durant’s stance, they didn’t give up on making a deal at that point, hoping that Durant might change his tune once he learned how far down the road Phoenix had gotten in those discussions without informing him, per ESPN.

The Suns have internally conceded that it was a mistake not to loop Durant into the process earlier, Shelburne and Windhorst say. The former MVP has been described as “blindsided” by being so heavily involved in trade rumors this week after having expressed a desire to stay in Phoenix.

“We should’ve gone through (Kleiman),” a team source told ESPN.

As Shams Charania reported earlier today, the Warriors, Suns, and Heat discussed a potential multi-team trade that would’ve sent both Jimmy Butler and Jonathan Kuminga to Phoenix, with Durant going to Golden State. Shelburne and Windhorst provide more details on those conversations, reporting that the Wizards were involved as well, as we speculated on Wednesday.

The four teams were negotiating a trade that would have looked like this, according to ESPN:

• Durant to Golden State.
• Butler, Kuminga, Jonas Valanciunas, two first-round picks (from the Warriors), two second-round picks (one each from Miami and Golden State), and pick swaps to Phoenix.
• Andrew Wiggins, Dennis Schröder, Kyle Anderson, and the Cavaliers’ 2025 first-round pick (via Phoenix) to Miami.

There are some missing details there — among them, Jusuf Nurkic would’ve been involved and would’ve gone to the Wizards, who presumably would’ve sought at least a first-rounder from the Suns as a sweetener to take on that contract.

While it sounds like there was some momentum in those negotiations, the Heat ultimately weren’t sold on the deal. They sought the Warriors’ 2025 first-round pick rather than Cleveland’s, according to Shelburne and Windhorst, who say that Golden State also had some reservations about the Suns’ steep asking price for Durant.

With Durant standing firm on his stance that he had no desire to go to Golden State, the talks fell apart.

After those discussions ended, there was a window for the Heat to potentially acquire Durant in a trade that would send Butler to Phoenix. Durant would have been more open to playing in Miami than Golden State, sources tell ESPN, and the Suns and Heat traded “visions” of what a deal might look like, according to Barry Jackson of The Miami Herald.

However, the Suns were seeking a massive haul for Durant that included “a combination of talented young players and draft picks,” Jackson writes. According to both ESPN and the Herald, the Heat considered the price too steep and backed out, pivoting to a Butler deal with the Warriors that cut out Phoenix altogether.

The Suns were “deflated” by the outcome, according to Shelburne and Windhorst, who say that there were several times during the weeks leading up to Thursday’s deadline that Phoenix thought there might be a path to a Butler deal involving Bradley Beal.

However, sources tell ESPN that the Hawks and Wizards were believed to be the only teams considering taking on Beal, and it’s unclear whether he would’ve waived his no-trade clause for either team. The Suns reportedly never got close enough to a deal to approach Beal about it, eventually pivoting to exploring a Durant scenario without first informing the star forward.

As Windhorst noted on the latest Hoop Collective podcast, we’ll find out this coming summer whether those Suns trade talks involving Durant will sour him on the idea of remaining in Phoenix beyond this season.

• Warriors acquire Butler.
• Heat acquire Andrew Wiggins, Kyle Anderson, Davion Mitchell, and the Warriors’ 2025 first-round pick (top-10 protected).
• Pistons acquire Dennis Schröder, Lindy Waters, and either the Warriors’ or Timberwolves’ 2031 second-round pick (whichever is least favorable; from Warriors).
• Jazz acquire KJ Martin, Josh Richardson, a 2028 second-round pick (from Pistons; exact details TBD), either the Heat’s or Pacers’ 2031 second-round pick (whichever is most favorable; from Heat), and cash (from Heat).
• Raptors acquire P.J. Tucker, the Lakers’ 2026 second-round pick (from Heat), and cash (from Heat).

Utah waived Jalen Hood-Schifino in order to acquire two players while sending one out, as we detailed earlier. They’re also expected to cut Richardson.

The deal wraps up a saga that first began on December 10 when word broke that the Heat were open to listening to offers for Butler. By Christmas Day, Butler was said to prefer a trade out of Miami, and a little over a week later he formally asked the team to move him.

The situation only escalated from there, with the Heat repeatedly suspending Butler for conduct detrimental to the team and withholding services. He was serving an indefinite team-imposed suspension when news broke on Wednesday that the Warriors had struck a deal to acquire him.

Butler, who will be teaming up in Golden State with longtime Warriors stars Stephen Curry and Draymond Green, has reportedly already agreed to a two-year, maximum-salary extension with the team, as we outlined in our original story on the trade. We also published full stories on two side deals involving the Heat and Raptors and Pistons and Jazz that were folded into this larger trade structure.

The latest word, according to Anthony Slater of The Athletic (Twitter link), is that Saturday is the target date for Butler’s Warriors debut. Golden State will play in Chicago that night.

The Warriors paid what they believe is a “modest” price for Butler, according to Slater, parting with Andrew Wiggins, Kyle Anderson, Dennis Schröder (who’s going to Utah), Lindy Waters (headed to Detroit), and a top-10 protected first-round pick in 2025. Sources tell Slater that Golden State’s front office doesn’t mind giving up the draft choice because it wasn’t excited about any of the prospects in the late lottery and beyond.

Slater considers the riskiest part of the deal for the Warriors to be the two-year, $111MM extension they gave Butler to make sure he’s happy in his new home. Because Butler declined his $52.4MM player option for next season, Golden State essentially added on one year at $58MM and gave him a contract that will expire at the same time as Stephen Curry and Draymond Green.

“Him signing an extension is big,” Curry said. “Knowing he’s committed for this next little run … I know there was a lot of drama down there (in Miami). Who really knows what the story is? We expect to have a motivated, committed Jimmy. I can put myself in his shoes. He’s been away from the game for a minute. He’s been frustrated for whatever reason. When you get into a situation that’s a fresh start, it establishes expectations that we’re all used to that we need to win. We all thrive off that energy.”

That financial commitment will likely result in at least two more years of high tax bills. Slater hears that the Warriors are willing to pay a “pricey figure” to re-sign Jonathan Kuminga, who will be a restricted free agent this summer.

There’s more on the Warriors:

• News of the Butler trade broke shortly before the start of Wednesday’s game at Utah, which created an awkward situation. As Slater describes, coach Steve Kerr gathered his players in the locker room after warmups and informed them of the impending deal. He found it extremely difficult to break the news to Wiggins. “Wiggs is one of my favorite players I’ve ever coached,” Kerr said. “Just a beautiful soul. Just a wonderful human being. We don’t hang that banner in (2022) without him. Everything he brings every day, the laughter, the smile, the joy. I’m gonna miss him.”
• Green’s name was floated in trade rumors as the Warriors explored the possibility of reacquiring Durant, but he tells Slater that he never checked with the front office to see if he might be dealt. “I always talk to (general manager Mike Dunleavy). But, no, what’s going to happen is going to happen,” Green said. “Ninety-five percent of the things you worry about never come true. If (I did get traded), then it just is what it is. My worries ain’t stopping it. So I wasn’t worried at all. I’ve been in a place of uncertainty overall. But what’s going to be is going to be. To sit and worry about it, this life is hard enough to worry about what you can’t control.”
• Green stated that he has no concerns about playing alongside Butler despite their sharp personalities, Slater adds. Kevon Looney points out that Green has co-existed with other strong-willed players such as DeMarcus Cousins, Chris Paul, David West, Andre Iguodala and more. “Guys like that who are dogs, alpha males, they respect other people like that,” Looney said. “They kind of stay out of each other’s way. Draymond is a great connector. He’s a great leader. He makes things happen on the floor and off the court.”
• An ESPN panel looks at how the trade will affect both the Warriors and the Heat, and is unanimous in believing that Golden State might not be Butler’s last NBA stop.

“It’s super frustrating,” George told Keith Pompey of the Philadelphia Inquirer. “Super frustrating, especially, coming in with big goals and what I wanted to accomplish and what the team wants to accomplish, and then to always have these setbacks. It’s super frustrating, I for sure feel it. But you know all the bad luck, something has to change. That’s all I can kind of weigh on is, things will change. There are positives in all of it. I just got to weather the storm.”

We have more from the Eastern Conference:

• Trading away Kyle Kuzma and Jonas Valanciunas continues the Wizards’ necessary strategy in a tear-down rebuild, Josh Robbins of The Athletic writes. The roster has been almost completely made over since president Michael Winger and general manager Will Dawkins took over the top front office jobs. Those trades continue the Wizards’ aim of accumulating draft picks and providing young players with heavy minutes.
• Trading for Brandon Ingram is an unusual step for a seemingly rebuilding team like the Raptors, Eric Koreen of The Athletic writes. While Ingram is a mid-range ace, his overall game is flawed and the Raptors gave up valuable assets for him, according to Koreen, who believes it’s likely they’ll make a strong offer, probably at least $35MM per season, to retain him when he enters free agency this offseason.
• As Sportsnet’s Michael Grange details, the Raptors were looking for a significant piece to pair with franchise player Scottie Barnes and wouldn’t have had the cap space necessary this summer to get a top free agent like Barnes. In the big picture, the Raptors believe Ingram can help them be competitive next season and beyond.
• With the Jimmy Butler standoff finally in the rear mirror, Heat players expressed not only relief but also excitement that Andrew Wiggins was part of the package from Golden State, according to Anthony Chiang of the Miami Herald. “I think it’s going to take a huge weight off everybody’s shoulders once we can move forward from everything, once it’s over with,” Terry Rozier said. “Who we got and we can move forward with that, and try to put it together and get ready for the playoffs. I think it’s a huge lift for everybody, just clarity… Obviously, we’ve been the talk of the town for probably the last month. I think it’s going to be huge for our locker room just knowing what we got going out there. It’s going to be a huge help for us.”

When it became clear that Durant wasn’t interested in reuniting with the Warriors, the three teams pivoted. The Heat and Warriors got together to finalize a Butler deal, while Durant now appears likely to remain in Phoenix through the deadline

According to Windhorst, there was a window after the Warriors’ talks for Durant fell through for the Heat to make a play for the Suns’ superstar forward, but Phoenix sought several additional assets that Miami didn’t want to give up.

“I do think there was some interest on both sides, but in the cursory discussions, from what I understand, Phoenix was looking for a massive return for Kevin Durant,” Windhorst said. “The Heat weren’t really into that game. They had gotten comfortable with acquiring Andrew Wiggins. That was a deal they had kind of agreed to the day before.”

Here are a few more trade rumors from around the NBA:

• Hawks forward De’Andre Hunter is a name to watch ahead of the deadline, says Chris Mannix of SI.com (Twitter link). Previous reporting indicated that the Cavaliers are talking to Atlanta about Hunter, and Mannix confirms that Cleveland is considered the frontrunner, though he suggests other teams have also called about the 27-year-old.
• Kevin O’Connor of Yahoo Sports (Twitter link) has heard that the Hornets are “very open” to moving Miles Bridges, Cody Martin, and Vasilije Micic. Of those three players, Martin, who has an $8.12MM pseudo-expiring contract (next season’s salary is non-guaranteed) would likely be the easiest to move. Bridges has a pricey contract that runs through 2026/27, while Martin has more on-court value than Micic, who is on a $7.7MM de facto expiring deal.
• Having agreed to trade away Jaden Springer, the Celtics are on the lookout for a reserve wing player whom head coach Joe Mazzulla could trust more, sources tell Brian Robb of MassLive.com. Boston will likely target that sort of player on the buyout market if no trade options emerge today.

The Pistons are also involved in the trade and will receive Lindy Waters III from Golden State and Josh Richardson from Miami, Charania tweets.

Schröder, meanwhile, is heading to Utah, which was first reported by Jake Fischer of The Stein Line (Twitter link). P.J. Tucker, whom the Jazz acquired over the weekend, will be sent to Miami, sources tell Charania (Twitter link). Tucker played for the Heat during the 2021/22 season.

It was originally slated to be a five-team deal with Anderson going to the Raptors, but that part fell through, sources tell Charania (Twitter links). He adds that Miami is currently holding onto Anderson, who has an $8.78MM salary and one more guaranteed year left on his contract after this season.

Miami will have a full 15-man roster if Anderson isn’t moved elsewhere before the trade deadline, notes Anthony Chiang of The Miami Herald (Twitter link).

Charania reports that Butler has agreed to a two-year, maximum-salary extension with the Warriors that will run through the 2026/27 season. As part of that deal, which projects to be worth $111MM, he will decline his $52.4MM player option for next season.

An inability to work out an extension is the major reason that Butler was unhappy in Miami. He had been suspended three times over the past month and was away from the team as the front office tried to find an acceptable offer before Thursday’s deadline.

Butler, a six-time All-Star who had averaged 17.0 points, 5.2 rebounds, and 4.8 assists per game on .540/.361/.801 shooting in 25 games for Miami this season, had requested a trade in hopes of going to a team that was willing to make a long-term commitment.

Phoenix was widely reported to be his preferred destination, but the Suns were unable to work out a trade involving Bradley Beal, who holds a no-trade clause, and were apparently unwilling to make a deal with Miami that included Kevin Durant. As a result, Butler will instead join a Warriors team that was one of four clubs initially said to be on his wish list back in December and will get the extension he was seeking all along.

Under his new deal, Butler will earn a projected $54.13MM next season and $56.83MM in 2026/27, according to salary cap expert Yossi Gozlan (Twitter link). Gozlan notes that adding Butler ensures that the Warriors will continue to have a large payroll, and they’ll be deep in luxury tax territory if they re-sign restricted free agent Jonathan Kuminga.

Butler has a $407,123 trade bonus that would increase his current salary to $49.2MM, Gozlan adds. However, Butler may need to waive that trade bonus to help Golden State fill out its roster and remain under the first apron, per Bobby Marks of ESPN (Twitter link).

Without accounting for the bonus, the team projects to be $1.8MM below the apron with 11 players under contract. The Warriors will have to fill at least three of their four open roster spots within two weeks. Marks states that it’s possible, but the timing of each signing will be important.

The Heat had an opportunity to duck beneath the tax threshold, according to Gozlan (Twitter link), but that won’t happen if they hold onto Anderson. According to Marks (Twitter link), Miami is currently $7.8MM above the tax line and $3.1MM over the first apron.

Miami will receive the Warriors’ 2025 first-round pick with top-10 protection, sources tell Zach Lowe (Twitter link). The same protection will be in effect for 2026 if the pick doesn’t convey this year. In the unlikely event it lands in the top 10 in each of the next two years, it would be unprotected in 2027.

The Heat had reportedly been opposed to taking back salary that extended beyond the 2025/26 season, but were willing to make an exception for Wiggins, who holds a $30.2MM player option for ’26/27. At his best, the former No. 1 overall pick is an impact two-way player capable of being a secondary scorer on offense and handling challenging defensive assignments on the other end of the court.

Wiggins is averaging 17.6 points, 4.6 rebounds, and 2.3 assists in 30.1 minutes per game across 43 outings this season, with a .444/.379/.777 shooting line.

The Pistons will receive a second-round pick from Golden State for taking on Waters’ and Richardson’s expiring minimum contracts, tweets Omari Sankofa II of The Detroit Free Press, who doesn’t offer any more specifics on the pick.

Detroit currently has 14 players under contract but also reached a deal to acquire KJ Martin from Philadelphia in addition to Waters and Richardson. Depending on the order in which the Pistons complete their reported deals, they’ll need to waive one or two players from their current roster.

It’s worth noting that the Pistons could theoretically fit Martin into their $8MM room exception and take on Waters and Richardson using the minimum salary exception, which means their $14MM in cap room could still be used for a separate trade before they complete their two reported agreements. We’ll see if that ends up happening before Thursday’s deadline.

As part of the Tucker-Schröder swap of expiring contracts, the Jazz will receive the more favorable 2031 second-round pick from the Heat or Pacers, according to Andy Larsen of The Salt Lake Tribune (Twitter link).

This week’s latest mega-deal seems to ensure that Kevin Durant will remain with the Suns past the deadline. The Warriors and Heat were reportedly the teams making the strongest effort to get Phoenix to part with Durant.

Luke Adams contributed to this story.

According to Amick and Slater, the Warriors were willing to make a substantial offer for Durant and might have been in position to land him if he’d been even lukewarm on the possibility of coming back to the Bay Area, but they didn’t want to risk having to deal with a disgruntled KD.

On the subject of disgruntled stars, Amick and Slater say it’s still up in the air whether the Warriors will get back in the mix for Heat forward Jimmy Butler, who has also made it clear he’s not enthusiastic about the idea of being traded to Golden State.

However, NBA insider Marc Stein reports (via Twitter) that the Warriors have indeed shifted their focus back to trying to acquire Butler.

Golden State’s pursuit of Butler has seemingly been on and off again for the better part of a month. Shortly after the 35-year-old formally requested a trade, reports indicated that the Warriors didn’t plan to seek out a deal for him, but they exhibited renewed interest last week when the Heat’s asking price reportedly dropped.

Although ESPN’s Brian Windhorst said over the weekend that the Warriors were once again backing off Butler after he communicated that he wasn’t interested in signing an extension with the team, reports this week have suggested that Golden State was never fully out of the hunt. With Durant seemingly off the table, it makes sense that the Warriors would once again circle back to the Heat star.

As has been the case for weeks, the Suns and Warriors appear to be the frontrunners for Butler. Phoenix has been unable to work out a deal structured around Bradley Beal due to his no-trade clause and pricey contract, but if the Suns are willing to consider the idea of trading Durant to Miami for Butler, the Heat would certainly be interested, writes Barry Jackson of The Miami Herald.

A swap along those lines would likely require Miami to attach a handful of sweeteners (draft picks, young players, etc.) to entice Phoenix — a third team may also still be necessary due to the Suns’ and Heat’s apron-related restrictions.

A Warriors offer for Butler would likely be centered around Andrew Wiggins, expiring contracts, and draft assets. Dennis Schröder‘s expiring deal (worth $13MM) would probably be part of Golden State’s package, according to Stein (Twitter link).

A team source tells The Athletic that the Warriors remain “determined” to get something done before Thursday’s deadline, so if they miss out on Butler, they could end up pivoting to a secondary target such as Pelicans forward Brandon Ingram or Bulls center Nikola Vucevic.

Regarding Ingram, Jake Fischer of The Stein Line (Twitter link) says the Pelicans have gained some traction on potential deals involving the star forward. Fischer and Stein have reported that the Raptors and Hawks are among the teams talking to New Orleans about Ingram.

As for Vucevic, K.C. Johnson of the Chicago Sports Network (Twitter links) has heard that the Warriors aren’t sure about pursuing the big man at Chicago’s asking price, but suggests a deal remains possible if Golden State can’t land a bigger-name target and/or the Bulls’ price comes down.

According to John Gambadoro of Arizona Sports 98.7 (Twitter link), it’s now “highly unlikely” that Durant will be traded to Golden State. Confirming that Durant wants to stay in Phoenix, Gambadoro says there was momentum toward a Durant/Warriors deal in the last 24 hours, but that momentum is gone.

There still may be a path to a Heat/Suns trade centered around Durant and Butler, according to ESPN’s Brian Windhorst and Barry Jackson of The Miami Herald (Twitter link), but it’s unclear if Miami could sufficiently sweeten the pot with enough additional assets to get Phoenix to make that move.

2:00 pm: With Kevin Durant at the center of trade speculation leading up to Thursday’s deadline, Marc Stein and Jake Fischer of The Stein Line (Substack link) report that there’s a “distinct sense percolating” that the Suns forward would prefer not to be traded this week.

Unlike his teammate Bradley Beal, Durant doesn’t hold a no-trade clause and doesn’t have the ability to veto a deal if the Suns decide they want to move him.

Beal’s no-trade clause and unfavorable contract have prevented Phoenix from finding a way to swap him out for Heat forward Jimmy Butler, which is a key reason why the Durant rumors have picked up in recent days. As we relayed this morning, a multi-team trade that sends Durant to Golden State and Butler to Phoenix is reportedly considered a possibility.

While Golden State has frequently been cited as the team pursuing Durant most aggressively, there’s a belief that the former Warriors star would have “serious reservations” about reuniting with his former team, according to Stein and Fischer.

As The Stein Line’s duo writes, Durant left the Warriors in 2019 due to his desire for a change of scenery, and there was a sense at that time that he no longer wanted to play with Draymond Green.

Of course, it’s not out of the question that Green could be part of a trade package for Durant in a multi-team scenario, Stein and Fischer write. That echoes reporting from Sam Amick of The Athletic (YouTube link) and Brian Windhorst of ESPN (YouTube link), both of whom suggested that the Warriors’ longtime defensive stalwart isn’t untouchable in trade talks.

The Warriors would realistically need to send out at least one of Green ($24.1MM) or Andrew Wiggins ($26.3MM) for matching purposes in a deal for any maximum-salary player like Durant, but Wiggins has been viewed as the more likely outgoing piece.

While a Tuesday report indicated that Phoenix has interest in Green, the Suns wouldn’t have a viable path to acquiring him and Butler as part of a return for Durant due to their second-apron limitations.

One source briefed on the trade talks told Stein and Fischer that the Warriors may still be inclined to try to trade for Durant even if they don’t believe he’d enthusiastically welcome a second go-round in the Bay Area.

Here are a few more items of interest from Stein and Fischer:

• The Stein Line’s duo confirms a prior report which stated that the Wizards will probably to hang onto Khris Middleton through the trade deadline after agreeing to acquire him from Milwaukee. Washington is expected to try to trade Middleton at some point, Stein and Fischer say, but it’s more likely to happen during the offseason.
• The Pelicans continue to talk to the Raptors and Hawks about possible Brandon Ingram trades, and there are still multi-team scenarios in play in which Ingram could be involved in a Butler deal, according to Stein and Fischer.
• After ducking below the tax line in the Daniel Theis deal with Oklahoma City, New Orleans will be careful not to cross back over that threshold in any Ingram deal. The Pelicans also aren’t inclined to take on multi-year money, and if they were offered a player on a longer-team contract like Hawks guard Bogdan Bogdanovic as part of a package for Ingram, they’d likely ask for additional draft compensation on top of their “high valuation” for the star forward, Stein and Fischer report.

“He is trying so hard to force his way to the Suns,” Windhorst said. “He has had several other opportunities where he could have gone, including the Warriors, who were willing to give him a contract extension. And he said, ‘No, send me to Phoenix.'”

While the fact that Phoenix is Butler’s preferred destination has been widely reported for weeks, the 35-year-old’s camp appears to be pushing back on the idea that he’s telling other teams he’s not willing to sign with them.

Sources tell NBA insider Chris Haynes (Twitter link) that Butler’s camp has repeatedly conveyed to the Heat that he’s healthy, in shape, and ready to continue his career. According to Haynes, their message to the team has been to negotiate the best deal possible, and if the Heat are nearing an agreement and that trade partner is granted permission by Miami to speak with Butler’s agent to discuss his future, that conversation would be “welcomed.”

To date, Haynes says, no team has requested permission to have that discussion to Butler’s agent.

For what it’s worth, Windhorst reported nearly a month ago that the Suns were the only team “ready to pay (Butler) exactly what he wants,” which is believed to be the primary reason why Phoenix is atop his wish list.

Here’s more on Butler:

• Later on in his Tuesday appearance on Get Up (YouTube link), during a conversation about the Warriors’ search for a star, Windhorst suggested that a package of Andrew Wiggins and draft assets hasn’t gotten Golden State very far in most of its trade discussions. However, he thinks that could be enough to land Butler if the Heat can’t agree to terms with the Suns. “I will say this, I think Miami was willing to do that deal and they were willing to do that deal for Jimmy Butler,” Windhorst said. “So let’s see if by Thursday that gets revisited. Jimmy Butler didn’t want it, and because he’s got an option on his contract, he has some measure of control.”
• Barry Jackson and Anthony Chiang of The Miami Herald break down why the Heat aren’t interested in taking back Bradley Beal‘s contract in a Butler deal with the Suns, exploring how having that deal on the books would hamper the team’s flexibility going forward.
• In a separate story for The Herald, Jackson and Chiang take a closer look at why the Heat feel some level of urgency to close the books on the Butler drama this week. As The Herald’s duo writes, if Butler remains on the roster through Thursday’s deadline and continues to push for a deal to Phoenix, it could result in him picking up his $52MM option for 2025/26, since the Suns will still be operating over the tax aprons and won’t be permitted to acquire a player via sign-and-trade.

Stein published a piece earlier this week detailing Toronto’s interest in Ingram. Since then, he says Stein Line partner Jake Fischer has heard from several sources that team president Masai Ujiri is considered to be a “fan of Ingram’s.” Ujiri is hoping to add a “significant piece” to his roster and reportedly likes the idea of combining Ingram’s scoring prowess with Scottie Barnes‘ play-making abilities.

However, the Raptors also want to be part of a potential deal if the Heat can find a taker for Butler, and they likely don’t have the resources to pull off both trades. Their primary salary-matching asset is Bruce Brown‘s $23MM expiring contract, while Chris Boucher and Davion Mitchell – both on expiring deals – are also being made available.

Sources tell Stein that if the Warriors decide to make an offer for Butler, they would likely feature Andrew Wiggins as the centerpiece. There’s a “strong expectation” that Toronto would try to get involved in that deal to land the Canadian, according to Stein.

Fischer recently reported that the Heat would have some interest in adding Brown, and Stein calls them “reluctant in the extreme” to take back any contracts that extend beyond 2025/26. That means they’d be less inclined to take on Wiggins, who has a $30.1MM player option for the 2026/27 season.

Brown’s salary would also be vital in the effort to acquire Ingram from New Orleans. Stein points out that Toronto hasn’t enjoyed much success in free agency, so trading for Ingram now could be a wise move before he becomes a free agent in July.

There are a limited number of teams projected to have cap space this summer, and taking a few months to build a relationship with Ingram could give the Raptors an advantage toward signing him to a long-term deal. They would hold his Bird rights in the offseason if they trade for him at the deadline.

Afterward, Wiggins and Looney indicated they’d like to stay put.

“Sometimes it can be disappointing if you want to stay,” Wiggins said. “If you enjoy things somewhere. Your family is here. You got relationships. So it’s not easy. It’s a business.”

“Yeah, I want to stay,” Looney said. “I know what the game is. I’ve been here long enough. My locker mate’s changed a lot of times. It might be my time. Who knows? That’s the NBA. I definitely will not be sleeping that night, whenever that time is for the trade deadline. I’m gonna be up.”

We have more from the Pacific Division:

• Lakers big man Jaxson Hayes will make his fourth start of the season against Washington on Thursday, ESPN’s Dave McMenamin tweets. Hayes will fill in for Anthony Davis, who’s out at least a week with an abdominal strain. Hayes will be an unrestricted free agent after the season.
• Bronny James received some first-half minutes against Philadelphia on Tuesday and it didn’t go well, Lakers coach JJ Redick admits. The rookie missed all five of his field goal attempts, committed three turnovers and was targeted at the defensive end. “Maybe put him in a tough spot,” Redick said, per McMenamin. “Flying up yesterday, nationally televised game in Philly and all that stuff. He didn’t play well, but he’s been playing great in the stay-ready games, and he’s been playing great in the G [League].”
• The Athletic’s Law Murray breaks down the Clippers’ roster into tiers as the trade deadline approaches. He lists Kawhi Leonard, James Harden and Ivica Zubac as the only untouchables — in Zubac’s case, he signed an extension in September which makes him ineligible to be dealt this season.