Damian Lillard

More Details On The Three-Team Lillard Blockbuster

The Bucks were interested in acquiring Damian Lillard immediately after he made his trade request on July 1, but the deal didn’t start to come together until this past Sunday.

As Adrian Wojnarowski writes in an in-depth story for ESPN (Insider link), Bucks general manager Jon Horst told Trail Blazers GM Joe Cronin from the outset that their talks had to remain a secret or Milwaukee would withdraw from negotiations.

According to Wojnarowski, Horst didn’t want Jrue Holiday to be involved in any trade rumors, or used as leverage by Cronin with other teams to increase offers for Lillard. The Bucks didn’t want to disrupt their chemistry and hold Holiday in very high regard. That meant Cronin was unable to gauge Holiday’s market value before agreeing to the trade.

As Wojnarowski details, Horst told Cronin that the only way a deal would work is if the Blazers took their time fielding offers and eventually circled back to Milwaukee for one-on-one talks. That started Sunday evening, with both sides feeling like they had reached a breakthrough.

Cronin was determined to say patient and accept the best possible offer, per Woj, and kept details of Lillard negotiations hidden from prying eyes. Lillard’s agent, Aaron Goodwin, was determined to steer him to Miami, but Lillard didn’t have much leverage. Wojnarowski strongly suggests Cronin felt the need to keep things private from Goodwin in case he tried to tank trade talks with non-Heat teams.

One of the most fascinating and “delicate” parts of the deal was Phoenix’s involvement. According to Wojnarowski, the Blazers and Suns had the outline of a trade together for months — Deandre Ayton to Portland for Jusuf Nurkic. Cronin wanted to tie that agreement into any Lillard trade, so throughout the offseason he kept circling back to the Suns.

However, as Wojnarowski writes, due to Milwaukee’s insistence on secrecy, Cronin was unable to tell Suns CEO Josh Bartelstein the final details until the last minute. According to Woj, Phoenix knew it was getting Nurkic, Nassir Little and Keon Johnson from the Blazers in a three-team deal, but the Suns wanted another asset in return.

Cronin was unable to tell the Suns who that player was — or who he played for. Cronin did tell the Suns the mystery player’s position and gave an approximation of his salary, and Phoenix was able to deduce it was either Thunder guard Victor Oladipo or Bucks guard Grayson Allen.

Only on Wednesday afternoon — just before the trade was made public — did Cronin confirm that it was Allen, whom the Suns had reportedly been interested in for several months. According to Wojnarowski, Bartelstein, GM James Jones and owner Mat Ishbia quickly discussed and then agreed to the deal.

The Blazers were happy and relieved to have completed the deal, per Woj, and believed they did right by Lillard by sending him to a contender, even if it wasn’t his preferred destination. Shortly thereafter, Cronin was bombarded by calls inquiring about Holiday, who is now the hottest name on the trade block.

Wojnarowki’s full story is definitely worth reading in full if you subscribe to ESPN+.

Heat Notes: Ellington, Roster, Jaquez, Lillard

Wayne Ellington, a 13-year veteran whose last NBA stint came with the Lakers in 2021/22, has joined the Heat as a player development coach, writes Anthony Chiang of The Miami Herald. Ellington will replace Anthony Carter, who left Miami a couple months ago to join the Grizzlies.

Ellington, 35, hasn’t officially retired, but the fact that the longtime shooting guard is joining Miami’s coaching staff is an indication that his playing days might be coming to a close.

According to Tim Reynolds of The Associated Press (Twitter link), Ellington was considering continuing his career in a front office role, but the Heat offered him a job as a coach and he accepted it. The team just made the announcement, but Ellington has already been acting in an unofficial capacity for several weeks, Reynolds adds.

The 28th pick of the 2009 draft, Ellington has played in 770 regular seasons games (20.9 MPG) for nine teams during his career, averaging 8.0 PPG and 2.1 RPG while shooting 38.2% from three-point range. He had his most productive seasons during his tenure with the Heat from 2016-19, averaging 10.5 PPG as a shooting specialist (38.4% from deep on high volume).

Here’s more on the Heat:

  • Anthony Chiang and Barry Jackson of The Miami Herald explore what’s next for the Heat after they were unable to trade for Damian Lillard, who landed with the Bucks in a three-team blockbuster. As the authors note, the Heat will have to fill their 14th standard roster spot before the season starts — they currently only have 13 players on standard deals, including Orlando Robinson‘s partially guaranteed salary.
  • First-round pick Jaime Jaquez was involved in the Lillard trade rumors and he admits he heard the speculation, he told Chiang of The Miami Herald. “I won’t lie, at first it was in the back of my head,” Jaquez said earlier this week. “Like what’s going to happen? Am I going to leave? You never know. But as we moved on and time went on, I just got really comfortable in my situation that whatever happens happens. I just believe it’s all a part of a bigger plan. Things happen for a reason. If I stay, great. If I get traded, it was fun while it lasted. But I try not to worry about that. I can only control what I can control.” The former UCLA standout also said he’s fully healthy following a shoulder injury in Summer League and has been working on his shooting and defense ahead of his rookie season.
  • Missing out on Lillard is “close to a worst-case scenario” for the Heat, contends William Guillory of The Athletic. As Guillory writes, Lillard would have been an ideal fit on the offensive end, and he’ll also be joining the rival Bucks, which not only improves Milwaukee’s roster but also may make Giannis Antetokounmpo more likely to sign an extension. Guillory believes the Heat can’t just stand pat and need to bolster their offensive firepower to make another deep playoff run. He also wonders if Tyler Herro will have any lingering resentment after being involved in trade rumors all summer.

Details On Damian Lillard’s “Messy” Exit From Portland

Multiple reporters have cited sources who said the Trail Blazers hadn’t discussed a Damian Lillard trade with the Heat — Lillard’s preferred landing spot — since July.

According to Chris Haynes of Bleacher Report, the last dialogue the two sides had was a phone call at Summer League between Blazers GM Joe Cronin and Heat GM Andy Elisburg. Miami wanted to set up an in-person meeting in Las Vegas to have further discussions, but it never transpired, per Haynes.

How this summer played out behind the scenes definitely left a sour taste in my mouth,” Lillard told Haynes. “But it doesn’t change the amazing experiences I’ve had with the Trail Blazers and this city. I’ll always cherish this place. This is my home. I’ll always live here regardless.”

The situation became acrimonious almost immediately, as the Blazers felt Lillard’s trade request had put them at a negotiating disadvantage, while Miami believed Portland was acting out of emotion instead of understanding the league is a business, Haynes writes.

Following a lengthy period of inactivity, Aaron Goodwin, Lillard’s agent, suggested that Cronin meet with Lillard in the event that the longtime star returned to the team.

As Haynes details, at the meeting on September 5, Lillard expressed his disappointment with the situation and wondered why there hadn’t been any communication between Portland and Miami. He didn’t want to be traded anywhere else and noted that he’d been willing to sacrifice for the team.

Specifically, Haynes cites sources who say the Blazers asked Lillard to sit out the final 10 games of last season to boost Portland’s lottery odds. Lillard was told a top pick would improve the front office’s chances of trading it for a win-now veteran. Lillard reluctantly agreed, with the team citing a “calf injury.” Portland ultimately kept the pick and selected Scoot Henderson No. 3 overall.

According to Haynes, Cronin told Lillard at the September 5 meeting that he planned to extract every possible asset from the Heat if he had to deal with them. Realizing that was unrealistic, Lillard responded by saying if he couldn’t land in Miami, he’d prefer to rescind his trade request and return to Portland.

Cronin told Lillard he couldn’t come back, which “shocked” the 33-year-old, sources tell Haynes. Lillard was “discouraged” that he couldn’t return to the Blazers, but he also didn’t want to be somewhere he wasn’t wanted, so he ended the meeting.

Shortly thereafter, the Blazers — who were frustrated with their offers at that point — refused to communicate with Lillard and Goodwin for almost three weeks. Portland didn’t want Goodwin meddling in trade talks, which is how the team rationalized the decision, per Haynes.

With Cronin refusing to talk, Goodwin came up with a contingency plan, letting both Milwaukee and Brooklyn know Lillard would be interested in joining those two teams. Haynes is now the third to report that information regarding the Bucks and Nets.

The NBA actually got involved on September 23 because of the contentious communication breakdown, Haynes writes. Cronin agreed to have dialogue with Goodwin at that point, and a few days later Lillard was traded to the Bucks.

Two-time MVP Giannis Antetokounmpo admitted he has mixed emotions about the trade, he told Haynes.

It’s a bittersweet day for the city of Milwaukee,” Antetkounmpo said. “You get Dame, who is a great player, but you lose a great guy. Jrue (Holiday) took us to the promised land. I’m 10 years in now. I know it’s a business. At the end of the day, Jrue will alway be be my brother for life. He’s one of the best human beings I’ve been around. But we’ve got to focus on the goal to win the championship. Dame wants this. He’s hungry to win, and he’s going to push us. I’m very happy to have him on our team.”

Haynes’ story for Bleacher Report has more details and quotes and is worth reading in full.

Here are some more notes related to the three-team blockbuster:

  • In a series of Twitter posts, Lillard sent a heartfelt thank you and goodbye to Blazers fans, teammates, coaches, employees, the media, and more. In conclusion, he wrote, “As this chapter of my life ends, I look back and realize how special it was. Even in this moment I feel sad that we never accomplished what I so badly wanted to. I don’t cry much, but I know my love for you is real because I am for sure dropping some tears right now. Rip City you know my heart and where I stand because I’ve stood there for over a decade so to have to move off my square hurts my heart. … I do believe a day will come where I put on a Blazers uniform on again, and hopefully by then I’ll be forgiven for breaking your hearts along with my own.”
  • Center Deandre Ayton, who was sent to Portland in the deal, also sent a thank you message to the Suns (via Twitter).
  • Only Lillard and Holiday will be required to report and pass physicals as part of the deal, according to ESPN’s Bobby Marks (Twitter links), who adds that Holiday can’t be traded until both players pass their physicals. The Blazers owe the Bulls a top-14 protected first-rounder through 2028, and if it conveys that summer, Portland’s ’28 first-round pick swap with Milwaukee will be voided, Marks reports.
  • The Blazers generated an $8.8MM traded player exception in the deal, while the Suns got a $1.1MM TPE, per Marks.
  • In another tweet, Marks notes that Holiday can’t be aggregated with other salaries for two months, though he can be traded on his own (or with one or more players if his salary isn’t aggregated with theirs).
  • While multiple reports have now said Goodwin reached out to Brooklyn, NetsDaily.com hears the Nets were never interested and only discussed Lillard with Portland one time, in July. The Nets simply didn’t believe Lillard could turn them into a contender and were wary of his age and long-term contract, per NetsDaily.
  • Yossi Gozlan of HoopsHype explores what’s next following the deal, while Sam Vecenie of The Athletic evaluates the trade for the Bucks, Blazers and Suns.

Jrue Holiday Rumors: Heat, Pacers, Knicks, Celtics, More

The Lakers, Clippers, Heat, Celtics, Bulls and Sixers are among the teams Jrue Holiday would be interested in joining, a league source tells Anthony Chiang and Barry Jackson of The Miami Herald.

That said, unless the Trail Blazers are willing to hold onto Holiday for at least a few months, you can scratch the Lakers from the list of possible suitors. They obviously aren’t trading LeBron James for Holiday, and the other players they could theoretically use to match salaries aren’t trade-eligible until December or January.

The Blazers are expected to prioritize young players and draft assets in exchange for Holiday, ESPN’s Adrian Wojnarowski said on NBA Today (YouTube link).

Holiday is expected to draw interest from a variety of teams, sources tell ESPN’s Zach Lowe (Insider link). The Heat could be among that group, but Portland “had no major interest in any individual Miami player or draft asset, and limited interest in whatever combination Miami might cobble” during negotiations for Damian Lillard, Lowe reports.

According to Chiang and Jackson, the Heat haven’t ruled out making an aggressive push for Holiday, but they didn’t do it immediately on Thursday. Miami isn’t expected to pursue James Harden, and has yet to express interest in Pacers sharpshooter Buddy Hield, who is reportedly on the trading block after failing to reach an extension, a source tells Chiang and Jackson. Free agent guard Goran Dragic is interested in returning to the Heat, but that interest doesn’t appear to be mutual, per The Herald’s duo.

Sources tell Lowe the Pacers and Knicks are expected to have a level of interest in Holiday, though it’s unclear how seriously they’ll pursue the defensive stalwart. While Lowe believes Holiday could be a good fit with both clubs, he wonders if Indiana will decide it’s too early to make a win-now move.

Boston was previously cited as a possible suitor, but multiple sources tell Brian Robb of MassLive that the Celtics will likely be outbid and aren’t expected to land Holiday. Still, the team has long been interested in the veteran guard — Boston tried to acquire Holiday a few years ago before he was traded to Milwaukee, a source tells Robb.

Here are a few more notes related to Holiday, who was sent to the Blazers from the Bucks as part of yesterday’s Lillard blockbuster:

  • Bucks star forward Giannis Antetokounmpo didn’t have a direct impact on the Lillard deal, Wojnarowski noted in the same segment. “Directly, (Antetokounmpo) literally played no role,” Wojnarowski said. “In fact, (GM) Jon Horst did not bring this trade idea or sign off on it to Giannis Antetokounmpo because Jrue Holiday was involved. And the relationship there and the reverence that this organization and these players have for Holiday. He did not want to put that to Giannis Antetokounmpo and have him have that on his conscience necessarily that he might sign off or not sign off on it.” However, as Wojnarowski observes, Antetokounmpo putting pressure on the organization by saying winning more championships was the most important thing in his career certainly played a significant indirect factor in Milwaukee trading for Lillard.
  • In addition to the previously mentioned teams that might pursue Holiday, ESPN’s Brian Windhorst (Insider link) believes the Pelicans, Kings and Warriors would also benefit from the All-Star guard’s services. Over at The Athletic, John Hollinger lists the Heat, Clippers and Celtics as logical destinations for Holiday.
  • Dustin Dopirak of The Indianapolis Star considers the pros and cons of the Pacers pursuing Holiday. As Dopirak writes, head coach Rick Carlisle heaped praise on the five-time All-Defensive member during the 2022/23 season. “I’d like to somebody to name five other basketball players that are better than Jrue Holiday at the entire game,” Carlisle said. “Guy’s an amazing player, both sides of the ball. His scoring tonight was at another level obviously, but defensively, he can guard anybody. Just a nod of respect to him. He’s a guy that too often is overlooked as a truly, truly great player.” Still, Dopirak thinks it’s probably too early for Indiana to go after a 33-year-old veteran like Holiday, who can be a free agent in 2024 if he declines his player option.

Central Notes: Pistons, Giannis, Hield, Theis, Jackson, Smith

Another Central Division team could be making a deal soon. While the Pistons can’t upstage Milwaukee’s acquisition of Damian Lillard, they have been active in trade talks over the last few weeks, James Edwards III of The Athletic reports.

Edwards speculates that James Wiseman, Marvin Bagley, Killian Hayes, Bojan Bogdanovic and Alec Burks are the candidates to be dealt, which could clear a logjam at some positions and open up more playing time for the Pistons’ rookies. In Hayes’ case, the 2020 lottery pick doesn’t appear to be in the team’s plans after acquiring Monte Morris and drafting Marcus Sasser.

We have more from the Central Division:

  • Speaking of Lillard, ESPN’s Brian Windhorst says that despite the acquisition of the longtime All-Star guard, there’s no guarantee that Giannis Antetokounmpo will commit to the Bucks long-term (video link). Antetokounmpo has yet to sign an extension this offseason and has financial incentive to wait but he may want out if Milwaukee doesn’t win another championship this season. “Maybe they’re 10 percent better in terms of this title chase, maybe five percent. The real question is, ‘What does it mean for Giannis?,'” Windhorst said. “Giannis made it clear he was not going to sign an extension with this team. He wanted to see them go all-in. They have gone all-in. But if he still doesn’t sign an extension, they’re still on the one-year window.”
  • Even though general manager Chad Buchanan has downplayed reports that the Pacers are looking to trade Buddy Hield, giving second-year guard Bennedict Mathurin a starting job ahead of Hield could cause chemistry issues, Gregg Doyel of the Indianapolis Star opines. Hield is in the final year of his contract and extension talks have stalled, Buchanan admitted this week, though they could be rekindled.
  • The Pacers have multiple options at center behind Myles Turner. Buchanan indicated that Daniel Theis, Isaiah Jackson and Jalen Smith will battle in training camp for the backup role, according to Dustin Dopirak of the Indianapolis Star. Buchanan added he won’t look to trade any of those players until there’s more clarity regarding the rotation.

Heat Notes: Lillard, Roster, Herro, Hampton

The Heat suffered a major loss when news of the Damian Lillard trade broke on Wednesday, failing to acquire a future Hall of Famer who specifically wanted to be dealt to them, writes Greg Cote of The Miami Herald. Nearly three months after Lillard told the Trail Blazers that he only wanted to go to Miami, he wound up in Milwaukee, where he and Giannis Antetokounmpo may be the greatest obstacle to the Heat’s chances to repeat as Eastern Conference champions.

Miami missed out on Lillard because team president Pat Riley wasn’t willing to increase his offer to Portland and couldn’t find a third team to help facilitate a deal, Cote adds. Riley was counting on Lillard’s preference for Miami and a lackluster trade market to eventually work in his favor.

Cote contends that acquiring Lillard is the type of win-now move the Heat need to make because their championship window is limited with 34-year-old Jimmy Butler as their best player. Adding Lillard would have provided a shot of energy the team needs as it approaches a long season, Cote adds. Instead Miami will open camp wondering how he got away.

There’s more from Miami:

  • With Lillard off the table, the Heat’s options to improve their roster are now limited, observes Ben Rohrbach of Yahoo Sports. Age is an issue as Kyle Lowry and Kevin Love are older than Butler, Rohrbach notes, and so are financial concerns as Butler, Bam Adebayo, Tyler Herro and Duncan Robinson are owed about $130MM for the 2025/26 season, which represents 90% of the projected salary cap. Rohrbach adds that the summer-long pursuit of Lillard showed Herro’s limited trade value around the league.
  • Butler’s Instagram post on Wednesday accusing the Bucks of tampering in the Lillard deal received an endorsement from Herro, who tweeted, “What he said.”
  • RJ Hampton, who is joining the Heat on a two-way contract, is grateful to be in Miami after spending time with three teams in his first three NBA seasons. “A PRIVILEGE to be apart of this organization, let’s go,” Hampton wrote on Twitter. The Heat opened a spot for Hampton with a series of moves on Wednesday.

Raptors Notes: Lillard, Siakam, Anunoby, Barnes, Holiday

The Raptors were willing to part with a slew of draft assets to acquire Damian Lillard, according to Michael Grange of Sportsnet.ca, but a Western Conference source tells him they were hoping to reach a deal with the Trail Blazers that didn’t include Pascal Siakam, OG Anunoby or Scottie Barnes.

Grange hears that Toronto’s offer included up to three future first-round picks, two pick swaps and rookie forward Gradey Dick. Team officials believed they could become title contenders by adding Lillard to their existing talent, but not by having him replace one of their key components.

The fact that the Raptors were involved in discussions for Lillard shows that the front office isn’t content with the team in its current form, observes Eric Koreen of The Athletic. Big decisions are coming up soon that will affect the organization’s future, and team officials will have to determine whether they’re planning to contend or rebuild.

Siakam and Gary Trent Jr. both have expiring contracts and are currently eligible for extensions. Another potential free agent next summer is Anunoby, who has a $19.9MM player option for 2024/25 that he’s expected to decline. Koreen notes that means the window is closing on a potential win-now move if the Raptors don’t do something by February’s trade deadline.

There’s more from Toronto:

  • The Raptors aren’t likely to pursue Jrue Holiday, who is reportedly back on the market after being sent to Portland in the Lillard deal, Grange states in the same piece. Toronto wanted Lillard to provide more spacing for Barnes and Siakam, and Holiday isn’t on the same level as an outside shooter.
  • The Raptors haven’t held any extension talks with Siakam, Grange adds. Siakam will become eligible for a super-max deal if he remains in Toronto and makes an All-NBA team in 2024.
  • In a separate story, Koreen looks at questions for every player on the Raptors’ roster, including the need for a new lead guard after the loss of Fred VanVleet in free agency. He notes that Dennis Schröder normally excels at getting into the paint, but he may find that more difficult as Toronto doesn’t have enough outside shooting to provide driving lanes.
  • Toronto pulled off a G League trade this week, with the Raptors 905 acquiring the rights to Denzel Valentine from the Maine Celtics in exchange for Kylor Kelley, tweets Blake Murphy of SportsNet.

Inside The Damian Lillard Trade

Damian Lillard had become more involved with the Trail Blazers over the past two weeks and was preparing to attend training camp with the team if he didn’t get the trade he requested, according to Shams Charania and Sam Amick of The Athletic.

After nearly three months of waiting, that deal came together on Wednesday, sending Lillard to the Bucks in a three-way trade that also involved the Suns. Lillard hadn’t been reconciling with Portland, the authors add, but he was working out at the team facility and interacting with coaches and teammates to show that he was willing to remain patient as the Blazers’ front office tried to find a trade.

Lillard’s agent, Aaron Goodwin, informed general manager Joe Cronin early in September that Lillard was open to participating in camp if a deal didn’t happen before then, sources tell Charania and Amick, and Lillard told team officials that he would be “fully present” for the start of the season while trade talks continued.

However, the authors’ sources say Cronin didn’t want the distraction of having Lillard on the roster when camp began and preferred to get a deal out of the way before Monday’s media day. He viewed the Lillard situation as “a cloud over the organization” and wanted the team to be able to focus on the season ahead without having to worry about Lillard’s future.

Charania and Amick provide more inside information about Wednesday’s blockbuster:

  • When Lillard made his trade request on July 1, he told team officials he only wanted to go to Miami and was expecting to be rewarded for his years of loyalty to the organization. Charania and Amick confirm the Blazers and Heat talked several times in July, but the negotiations never became “substantive,” according to the authors’ sources. Portland asked for Jimmy Butler or Bam Adebayo in its first call, and Miami eventually decided that Cronin wasn’t serious about working out a deal with them.
  • Sources tell Charania and Amick that in July and August, the Heat were willing to part with three first-round picks, multiple second-rounders and pick swaps, along with Nikola Jovic in a proposal that would have sent Tyler Herro to a third team. However, the Blazers weren’t interested and the relationship between Portland and Miami started to become contentious. It’s worth noting that Miami didn’t technically have three tradable first-round picks available due to an obligation to the Thunder and the Stepien rule.
  • Cronin began serious trade discussions around the league on September 18 and found interest from the Bucks, Celtics, Pelicans, Raptors, Timberwolves and Bulls. All those teams wanted to acquire Lillard, but they were concerned about Portland’s asking price and whether they would have enough talent left on their roster after a deal to compete for a title.
  • Tensions reached a point where Cronin stopped responding to Goodwin in mid-September, sources tell Charania and Amick, and Goodwin began to explore other options that might appeal to Lillard. He was willing to consider the Bucks and Nets, and Goodwin communicated his interest to both those teams. The Raptors also had serious interest, but Lillard’s reluctance to play there was an obstacle until the end, the authors note.
  • The authors’ sources say the Suns started discussing the framework of a Deandre AytonJusuf Nurkic trade in mid-July, but the Blazers wanted to make sure they could avoid the luxury tax when Lillard was eventually dealt. Phoenix would likely have been part of any deal with the Bucks, Nets or Heat, Charania and Amick add.

Bucks Acquire Damian Lillard In Three-Team Trade

9:37pm: The trade is now official, the Bucks announced in a press release.

Damian Lillard is an elite player in our league and someone we’ve long been fans of,” said general manager Jon Horst. “These opportunities are rare and hard to measure and execute. We are incredibly grateful for this opportunity for our community and team, and beyond excited to welcome Damian and his family to the Milwaukee Bucks. His character, competitiveness, talent and experience complement our group and gives us the best chance to win at the very highest level as we create new memories together.”

These are the hardest, most human moments of this business. Jrue was unmatched in his commitment to the Bucks and the Greater Milwaukee community,” Horst said of Holiday. “He’s truly a champion on and off the court, and we are all thankful for what he and his family have given to our team and city. He and his wife Lauren were steadfast in their efforts to make a positive difference in the lives of so many people. Their leadership and dedication to the community has left an indelible mark and inspired the Bucks organization for years to come.”


1:22pm: The Bucks have reached an agreement to trade for star Trail Blazers guard Damian Lillard in a blockbuster three-team deal that also includes the Suns, reports Adrian Wojnarowski of ESPN (Twitter links).

According to Wojnarowski, Portland will acquire guard Jrue Holiday and an unprotected 2029 first-round pick from the Bucks, along with the right to swap first-round picks with Milwaukee in 2028 and 2030. The Blazers will also get center Deandre Ayton and rookie forward Toumani Camara from the Suns in the deal.

In exchange for Ayton and Camara, Phoenix will receive center Jusuf Nurkic, forward Nassir Little, and guard Keon Johnson from Portland, as well as wing Grayson Allen from Milwaukee, per Woj.

The massive deal is the culmination of a saga that lasted nearly three months after Lillard requested a trade out of Portland in early July. The seven-time All-Star had spent his entire 11-year NBA career with the Trail Blazers but felt that the team was no longer moving toward championship contention following consecutive lottery seasons and sought a change of scenery.

Miami was Lillard’s landing spot of choice, but reports throughout the process indicated that there was little communication between the Heat and Trail Blazers. In recent days, with the Blazers believed to be working to make a deal before the start of training camp, other Eastern Conference suitors like the Raptors and Bucks were increasingly connected to the 33-year-old.

Milwaukee ultimately emerged as the surprise winner of the Lillard sweepstakes, beating a handful of conference rivals to the punch and strengthening a core that also includes two-time MVP Giannis Antetokounmpo and standout starters Khris Middleton and Brook Lopez, both of whom signed new free agent contracts with the club this offseason.

While there have been questions about whether Lillard would be happy to report to any team besides the Heat, both he and Antetokounmpo have expressed a desire to play with one another in the past, as Chris Haynes of Bleacher Report and Alex Kennedy of BasketballNews.com point out (all Twitter links). And the Bucks should put Lillard in a better position to win a championship than he ever had with the Blazers.

Meanwhile, Antetokounmpo may not be any more inclined to sign a long-term extension with the Bucks following the acquisition of Lillard than he was earlier in the offseason, given that he would benefit financially from waiting another year. However, in dealing for another star like Lillard, the Bucks’ front office proved it heard Giannis’ call for the organization to be as committed to contending for titles as he is.

The Blazers, who patiently scoured the market for most of the offseason in the wake of Lillard’s trade request, will come away from the deal with a pair of intriguing new players in Ayton and Holiday, though the big man is more likely to remain in Portland than the veteran guard.

According to Wojnarowski (Twitter link), the Blazers – who are focused on developing a young backcourt that features Shaedon Sharpe, Anfernee Simons, and this year’s No. 3 overall pick Scoot Henderson – remain engaged in trade talks involving Holiday and could flip him to a contender for additional assets.

Holiday, who can become a free agent next summer if he turns down his 2024/25 player option, recently spoke about his desire to sign a contract extension with the Bucks, but now appears destined for a new long-term NBA home. Holiday will become extension-eligible in February, though as Bobby Marks of ESPN notes (via Twitter), he won’t be able to sign a contract that exceeds the extend-and-trade limits (two new years, 5% raises) until six months after being dealt.

On the other hand, it sounds like Ayton will be a keeper for the Blazers, who have had interest in the former No. 1 overall pick in the past and were linked to him again within the last week. The 25-year-old had an up-and-down five-year stint in Phoenix that included some tension with former Suns coach Monty Williams, but he has averaged a double-double for five straight seasons, including 18.0 points and 10.0 rebounds in 30.4 minutes per game across 67 contests last season.

As for the Suns, they recognized that a player such as Ayton, who liked to have the ball in his hands, might not be an ideal fit alongside their new big three of Kevin Durant, Devin Booker, and Bradley Beal, and turned the young center and his $32.5MM cap hit into a series of role players on smaller contracts, including another big man in Nurkic.

Acquiring Nurkic, Little, Allen, and Johnson will make the Suns deeper and will give them more flexibility in future trades, given that their nearly all of their non-stars had been on minimum-salary contracts. However, the move creates a bit of a roster crunch in Phoenix. The club will now have 15 players on guaranteed contracts, plus Jordan Goodwin and Ish Wainright on partially guaranteed or non-guaranteed deals. At least two of those 17 players will have to be traded or cut before the regular season tips off.

While the Suns will increase their roster count as a result of this trade, the Bucks and Trail Blazers are both sending out more players than they’re taking back. That’s especially notable for Milwaukee, which had been carrying 15 players on guaranteed salaries prior to agreeing to acquire Lillard. The Bucks now project to have an open spot on their 15-man regular season roster, which could be used to add a backup point guard.

From a cap perspective, the Bucks will take on the biggest long-term deal in the three-team trade — Lillard is under contract for four more seasons and will earn a projected $216MM during that time, while Holiday ($36.86MM) and Allen ($8.93MM) could both reach free agency next summer.

The Blazers will owe Ayton approximately $102MM over the next three years before he becomes eligible for free agency. Camara is under contract for four years, but it’s a minimum-salary deal and only the first season is guaranteed.

The Suns will take on Nurkic’s three-year contract worth $54.38MM and Little’s four-year contract worth $28MM in addition to Allen’s expiring deal. Johnson is owed a guaranteed $2.81MM salary in 2023/24 and has a $4.47MM team option that the Suns must pick up or decline by October 31, if he’s still on the roster at that point.

More Lillard Trade Notes: Nets, Raptors, Grades, Holiday

Ten days ago, Aaron GoodwinDamian Lillard‘s agent — privately informed the Bucks and Nets that his client would be interested in joining Milwaukee or Brooklyn, sources tell Marc J. Spears of Andscape (Twitter link). Spears also writes that the Raptors were a “real contender” for Lillard, who will reportedly land with the Bucks.

Appearing on 590 The FAN, Michael Grange of Sportsnet.ca described the Raptors’ pursuit of Lillard as being less than full throttle.

There was always interest, determination to try to get a deal but they wanted to see if they could, knowing them, without having to give up everything,” Grange said (Twitter link).

As for the Bucks, they discretely began inquiring about Lillard a couple weeks ago, league sources tell Vincent Goodwill of Yahoo Sports. Goodwill writes that Giannis Antetokounmpo and Lillard will be under a lot of pressure to bring another title to Milwaukee after going all-in, and losing Jrue Holiday‘s defense shouldn’t be ignored.

Why would Milwaukee appeal to Lillard? In addition to being on a title contender and playing with two-time MVP and 2021 Finals MVP Antetokounmpo, Lillard will also participate in more nationally televised games (19) than any other season in his career, notes Nate Jones (via Twitter), another of Lillard’s agents.

Here’s more on the three-team blockbuster between the Bucks, Trail Blazers and Suns:

  • In grading the deal, Kevin Pelton of ESPN (Insider link) gives both Milwaukee and Portland a B-plus, while Phoenix receives a B-minus. Pelton likes the addition of Nassir Little more for the Suns than Jusuf Nurkic, noting Nurkic’s injury history, inefficiency inside the arc and lack of mobility. Zach Harper of The Athletic has identical grades for the Suns and Blazers, but is more bullish on the Bucks’ side of the deal, giving Milwaukee an A.
  • Both Bill Oram of The Oregonian (subscriber link) and Mark Medina of Sportsnaut argue that the deal is a win-win for Portland and Lillard.
  • ESPN’s Bobby Marks provides his breakdown of the deal (YouTube link). As Marks notes, Lillard’s long-term deal is actually an insurance policy of sorts for the Bucks, since Holiday can become a free agent next summer if he turns down his player option.
  • Sean Highkin of The Rose Garden Report (Twitter link) thinks it’s inevitable that Holiday — who is heading to Portland from Milwaukee as part of the deal — will eventually be traded. However, keeping him until the trade deadline isn’t a bad option, according to Highkin, as more teams might pursue the veteran guard during the season once more players become trade-eligible.
  • Don’t expect the Raptors to pursue Holiday, tweets Grange. Toronto was interested in Lillard’s elite half-court offense, while Holiday isn’t on the same level at that end of the court.
  • Kevin O’Connor of The Ringer (Twitter link) argues the Magic should pursue Holiday, while Mike Vaccaro of The New York Post believes the Knicks should trade for the All-Defensive guard, writing that head coach Tom Thibodeau would love to have him. “Thibs and Jrue,” a longtime NBA executive texted Vaccaro, “is a marriage made in basketball heaven.”
  • ESPN’s panel of insiders answer big questions after the massive trade, while Gerald Bourguet of PHNX Sports provides three takeaways from the Suns’ perspective.