Wizards Rumors

Wizards Rumors: Kuzma, Porzingis, Carey, Barton, Hachimura

The Wizards‘ willingness to trade Rui Hachimura reflects their increased confidence that they’ll be able to re-sign Kyle Kuzma as a free agent in the summer, Marc Stein writes in his latest Substack story.

According to Stein, Washington has been telling rival teams that it plans to re-sign both Kuzma and Kristaps Porzingis, who also has a player option for 2023/24 that he may decline. Porzingis likes his situation in D.C., Stein adds, so if he does turn down his option, it sounds like he’d be open to a new deal with the Wizards.

Jake Fischer of Yahoo Sports has heard similar rumblings on Kuzma, reporting that the Wizards have told inquiring teams like the Suns and Hawks that the veteran forward isn’t available for trade.

Still, even if Kuzma isn’t going anywhere, Washington seems likely to make at least one more trade before the February 9 deadline, Fischer writes. The team wants to open up a spot on its 15-man roster to promote Jordan Goodwin from his two-way contract, and center Vernon Carey Jr. is considered a trade candidate, according to Fischer, who adds that rival executives are also keeping an eye on Will Barton as a possible buyout candidate if he remains in D.C. through the deadline.

Here’s more on the Wizards:

  • One source tells Stein that Hachimura requested a trade before he was dealt to Los Angeles, which the 24-year-old didn’t deny over the weekend.
  • Three-team discussions involving the Suns, Bucks, and Wizards helped set the price for the Lakers to acquire Hachimura, according to Fischer (Twitter link), who reports that those three clubs discussed a concept that would have sent Hachimura to Phoenix, Jae Crowder to Milwaukee, and three second-round picks and matching salaries to Washington. The Wizards ultimately decided they preferred the deal with L.A.
  • In columns reacting to the Hachimura trade, Candace Buckner of The Washington Post questioned the Wizards’ plan and direction following their latest move, while David Aldridge of The Athletic referred to the deal as a “salvage operation” rather than a win for president of basketball operations Tommy Sheppard. “Not impactful, but better than letting your No. 9 pick walk for nothing,” a league executive said in a text message to Aldridge. “Not a championship move. Not a playoff move. Maybe a play-in move.”
  • As Josh Robbins of The Athletic notes in a column on the trade, the Wizards generated a $6.26MM traded player exception in the swap for Hachimura’s outgoing salary, since they were able to take Nunn’s $5.25MM salary into an existing trade exception created at last season’s deadline. Washington will have until January 23, 2024 to use the newly created TPE.

Wizards Trade Rui Hachimura To Lakers

5:23pm: The Lakers have officially announced the addition of Hachimura in a press statement.


12:15pm: The agreement has been finalized, Wojnarowski tweets. The Wizards will receive the Bulls’ second-round pick this year, the Lakers’ second-rounder in 2029 and the least favorable of the Wizards’ and Lakers’ second-rounders in 2028.

The Lakers had acquired the Wizards’ 2028 second-round pick in a prior trade.


11:42am: The Lakers are in advanced talks to acquire Rui Hachimura from the Wizards, tweets ESPN’s Adrian Wojnarowski. The price will be guard Kendrick Nunn and multiple second-round picks, according to Shams Charania of The Athletic (Twitter link).

Jake Fischer of Yahoo Sports reports that L.A. offered Nunn and two second-rounders to Washington on Friday, but the Wizards turned it down in hopes of getting a first-round pick for Hachimura, who was drafted ninth overall in 2019 (Twitter link). An agreement was reached Monday when the Lakers added another second-rounder to their offer.

The trade is expected to be finalized this afternoon, according to Wojnarowski (Twitter link). Specifics on the picks involved haven’t been released, but Bobby Marks of ESPN points out (via Twitter) that L.A. has seven second-rounders available, including its own and Chicago’s in this year’s draft.

Hachimura never developed into a star in Washington, but the 24-year-old forward has been a solid rotation player throughout his entire time with the Wizards. In 30 games this season, all as a reserve, he’s averaging 13.0 points and 4.3 rebounds while shooting 48.8% from the field and 33.7% from three-point range.

The Wizards didn’t sign Hachimura to a rookie scale extension before the October deadline, so he’ll be a free agent this summer. The Lakers can make him restricted, giving them the right to match any offer he receives, by issuing a qualifying offer likely to be worth about $7.74MM.

Basketball reporter Marc Stein hears that Washington was willing to part with Hachimura because of increased confidence that the team will be able to re-sign Kyle Kuzma in free agency after he turns down his player option (Twitter link).

After signing with the Lakers as a free agent in 2021, Nunn missed his entire first season due to a knee injury. He has appeared in 39 games this year, making two starts, and is averaging 6.7 PPG in 13.5 minutes per night. The 27-year-old will be an unrestricted free agent in July.

Lakers-Wizards Trade Notes: Hachimura, Suns, Grades, More

The Lakers have an agreement in place to acquire forward Rui Hachimura from the Wizards for guard Kendrick Nunn and three second-round picks. According to Adrian Wojnarowski of ESPN, Hachimura was “unhappy” that he didn’t receive a rookie scale extension before the 2022/23 season started.

Sources tell Wojnarowski that the Lakers acquired the 24-year-old with the intention of re-signing him this summer. Hachimura will be a restricted free agent if Los Angeles tenders him a qualifying offer.

Here’s more on the Lakers-Wizards trade:

  • In an appearance on NBA Today (YouTube link), Wojanarowki said there were three-team trade talks on Sunday night that involved the Suns, but those obviously fell through.
  • Even though he will have a qualifying offer of about $7.74MM, Hachimura’s cap hold for this summer will be $18.8MM, and that will make it complicated for the Lakers to be a major player in free agency, writes Danny Leroux of The Athletic. If the young forward re-signs at a figure lower than $18.8MM, his first-year salary would immediately replace the cap hold, Leroux notes. That would give them more options, but nothing close to the roughly $30MM in cap space they were projected to have prior to the trade. If Hachimura struggles with the Lakers, they could also either renounce his rights by not tendering him the qualifying offer or pull the offer in order to sign a player they like more, Leroux adds.
  • Keith Smith of Spotrac views the deal as a “low-risk gamble” by the Lakers and a solid return for the Wizards. Smith writes that the Lakers will add about $3MM to their luxury tax bill with the trade, while the Wizards saved money and are now about $1.3MM away from the luxury tax due to the difference in salary between Hachimura ($6.26MM) and Nunn ($5.25MM). Adding three second-rounders and gaining financial flexibility should help Washington make future deals, Smith adds.
  • The size of Hachimura’s next contract, assuming it’s with the Lakers, will matter a lot in the view of Zach Harper of The Athletic, who didn’t love the trade for either team. Harper gave the Lakers a C-plus and the Wizards a C in grading the deal.
  • One of the Wizards’ goals in trading away Hachimura was not taking on future salary, according to Ava Wallace of The Washington Post, who tweets that the luxury tax could be looming next season. Nunn is on an expiring contract.
  • ESPN’s Bobby Marks provides his analysis of the trade (YouTube link). He likes the infusion of size and talent for the Lakers, but notes that Hachimura does have injury concerns — he only averaged 49 games played over his first three seasons. Marks doesn’t love the deal from Washington’s side, however. Not only is dealing away the former ninth overall pick an indictment of the team’s drafting ability, but the Wizards basically have to re-sign Kyle Kuzma in free agency now — otherwise they’ll have lost both forwards, Marks notes.

Kristaps Porzingis Week-To-Week With Sprained Ankle

3:19pm: The Wizards are optimistic that Porzingis could return to action within two weeks, sources tell ESPN’s Adrian Wojnarowski (Twitter link).


10:55am: The sprained left ankle that Kristaps Porzingis suffered in Saturday’s game will keep him out of action for a while. The Wizards announced (via Twitter) that Porzingis is being listed as week-to-week because of the injury.

Prior to Saturday, Porzingis had been able to remain relatively healthy in his first full season in Washington, appearing in 41 of the team’s first 46 games. He was putting up his best numbers since before his ACL injury, averaging 22.1 points, 8.8 rebounds and 2.4 assists while shooting 46.8% from the field and 34.8% from three-point range.

Porzingis posted a career high of 72 games played during his rookie year and hasn’t appeared in more than 57 in a season since tearing the ACL in his left knee in 2018. He has a $36MM player option for next season, and the length of his current absence could play a role in whether he decides to exercise that.

At 20-26, Washington is on the brink of the race for a play-in spot in the East, trailing the 10th-place Bulls by a game and a half. If the Porzingis injury results in a losing skid, that could affect the organization’s mindset heading into the trade deadline, which is only 17 days away. Rui Hachimura and Kyle Kuzma are among the Wizards who have been mentioned prominently in trade rumors.

Mavericks, Kings Interested In Rui Hachimura

The Mavericks and Kings are among several teams that have contacted the Wizards about Rui Hachimura, according to Michael Scotto of HoopsHype.

Hachimura, who has been on a scoring tear lately, addressed trade rumors over the weekend, saying he wants to be with a team that “believes in me.” Washington faces a potential salary crunch this offseason with Kristaps Porzingis and Kyle Kuzma both holding player options, and Hachimura might be expendable due to luxury tax concerns.

Hachimura is making just $6.26MM this season, so teams would have to send back at least $4.9MM in salary to Washington in any deal. Scotto notes that the Kings can use either Terence Davis or Alex Len to match Hachimura’s salary.

There had been reports that Hachimura was offered to the Suns as part of a deal for Jae Crowder, although a Wizards official denied that rumor earlier this month. Scotto hears that Washington no longer has interest in Crowder because he may not be able to make an immediate impact after such a long layoff.

Southeast Notes: Hachimura, Porzingis, Ball, Strus

Wizards forward Rui Hachimura may have raised his trade value with a 30-point performance Saturday night, but he wanted to avoid discussing a potential deal after the game, writes Ava Wallace of The Washington Post. “No comment,” Hachimura told reporters when they asked if he has requested a trade, although he indicated that he’s looking for a comfortable situation, whether that’s in Washington or somewhere else.

“I just want to be somewhere that wants me as a basketball player,” Hachimura said. “And I want to be somewhere that loves my — likes my game, you know? … I just want to be somewhere that trusts, believes in me. Just I can be myself — that’s my goal.”

Wallace confirms a report from The Athletic this week that the Wizards have discussed a potential Hachimura trade with several teams. The 24-year-old became an instant starter after being selected with the ninth pick in the 2019 draft, but injuries and other roadblocks have limited his effectiveness since then. The team didn’t reach a rookie scale extension with Hachimura before the October deadline, so he’s headed for free agency this summer.

There’s more from the Southeast Division:

  • Kristaps Porzingis left Saturday’s game with a sprained ankle in the third quarter, but the Wizards are optimistic about his prognosis, according to Chase Hughes of NBC Sports Washington. “Sprained ankle. He’ll be evaluated tomorrow,” coach Wes Unseld Jr. said after the game. “We’ll see where it is. I don’t think it’s too bad, but fingers crossed.” Porzingis has experienced frequent health issues throughout his career, but he’s been relatively injury-free this season, appearing in 41 of the team’s 46 games.
  • Hornets guard LaMelo Ball is quickly recovering from a sprained ankle he suffered Wednesday, but a right wrist problem may be a bigger concern, per Roderick Boone of The Charlotte Observer. Ball banged his wrist during the same game, which raises concerns because he had surgery on his right hand as a rookie. “The wrist had been not hurting, but ever since I broke it, it’s been the same little one (thing),” Ball said. “In Houston, I was fine with it until I hit it again … So, yeah once I get over that little hump I think I’ll be smooth.”
  • Max Strus‘ flexibility has been valuable for the Heat in an injury-filled season, notes Ira Winderman of The Sun-Sentinel. The impending free agent has played 24 games as a starter and 21 off the bench and has seen time at every position except center.

Five Candidates For Promotions From Two-Way Contracts

Players who signed two-way contracts before the NBA’s regular season got underway are eligible to be active for up to 50 of their teams’ 82 games, while players who filled two-way slots after the season began are eligible for even fewer games — the two-way games limit is prorated, so a player who signed halfway through the regular season could be active for up to 25 contests.

On top of that, players on two-way contracts aren’t eligible to play in the postseason, so once they reach their 50-game regular season limit, their seasons are essentially over at the NBA level.

However, there’s a way to get around those restrictions. If a two-way player has outperformed his contract and his team doesn’t want to lose his services once he’s active for his 50th game, that team can simply promote him to its standard 15-man roster.

Teams have the ability to unilaterally convert a two-way contract into a standard, rest-of-season deal worth the players’ minimum salary. If the player is open to it, he can also negotiate a multiyear contract with his team as part of his promotion to the 15-man roster.

Last season, 20 players were converted from two-way deals to standard contracts after the NBA regular season began. It hasn’t happened at all since opening night this season, but it’s just a matter of time until that changes.

Here are five prime candidates to receive promotions sooner or later:


Jordan Goodwin, G (Wizards)

Multiple reporters, including Josh Robbins of The Athletic, Michael Scotto of HoopsHype, and Ava Wallace of The Washington Post, have indicated that the Wizards would like to promote Goodwin. The second-year guard has been a solid rotation piece in D.C., averaging 6.7 PPG, 3.5 RPG, and 2.7 APG with a .397 3PT%, but he’s rapidly approaching his 50-game limit.

According to Robbins (Twitter link), since he has already been active for 44 games, Goodwin is actually being assigned to the G League’s Capital City Go-Go on Saturday as the Wizards try to preserve his availability.

The Wizards don’t currently have an available 15-man roster spot, but it sounds like opening one up will be a priority at the trade deadline. Unfortunately for Goodwin, Washington has 10 games between now and February 9, so he may have to be inactive for some of them as the team attempts to make room for him.

Anthony Lamb, F (Warriors)

Unlike the Wizards, the Warriors do have a spot available on their 15-man roster for Lamb, but there’s no rush to promote him until he has exhausted his two-way games limit. Golden State may also want to keep that roster spot open through the trade deadline to maximize the team’s flexibility in trade talks and on the buyout market.

It should be just a matter of time until Lamb gets bumped to the main roster though. In 38 games for the defending champions, he has averaged 7.6 points, 3.3 rebounds, and 1.6 assists in 20.1 minutes per night, emerging as a trusted rotation player for head coach Steve Kerr, who has used Lamb more than a few reserves expected to have bigger roles.

Golden State’s other two-way player, Ty Jerome, is putting up a sparkling .503/.407/.963 shooting line this season through 28 appearances and is making his own case for a promotion.

Orlando Robinson, C (Heat)

Robinson, a rookie big man out of Fresno State, has surpassed Dewayne Dedmon in the Heat’s rotation in recent weeks as Bam Adebayo‘s primary backup at center. In his modest role, he has averaged 4.8 PPG and 4.4 RPG in 15.1 MPG.

Because he signed his two-way deal with Miami in December, Robinson is limited to 35 active games, rather than 50, so his limit is fast approaching. But the Heat are right up against the luxury tax and won’t be able to sign a 15th man while staying below the tax line until March unless they shed a little salary in a trade deadline deal.

At this point, Robinson seems like the favorite to fill that 15th roster spot, but if the Heat’s cap situation remains unchanged, he’ll probably have to wait until later in the season.

Moses Brown, C (Clippers)

Given the Clippers’ lack of depth at center, Brown has often served as the de facto backup behind starter Ivica Zubac, appearing in 33 games so far.

The 23-year-old is only logging 7.9 minutes per night, but he’s making the most of his limited action, averaging 4.3 PPG and 3.7 RPG. L.A. has a +5.1 net rating when he’s on the court, the second-best mark on the team behind Kawhi Leonard.

Brown isn’t likely to be part of the Clippers’ playoff rotation, and may not see many minutes down the stretch at all if the club adds a veteran big man via trade or the buyout market. Still, there’s an open spot on the 15-man roster — if that spot remains open and Brown continues to play the role he has so far this season, he’s the logical candidate to fill it.

Duane Washington, G (Suns)

Washington didn’t see much action in Phoenix during the first month of the season, but with injuries taking a toll on the Suns’ roster, he has gotten the chance to play regular minutes in recent weeks.

While Washington’s performance has been up and down, the highs have been impressive. In three separate games within the last month, he has made at least five 3-pointers and scored at least 21 points. Since December 20, he’s knocking down 38.1% of his attempts from beyond the arc.

When the Suns are at full strength, it’s difficult to imagine Washington being part of the regular rotation, but the team only has 14 players on full-season contracts, so the door is open for him to claim the 15th spot. It may come down to what Phoenix does at the trade deadline and whether the team envisions a relationship with Saben Lee beyond his two 10-day contracts.

Southeast Notes: Kuzma, Fultz, Lowry, Thor

Kyle Kuzma has been a hot name on the trade market, though the latest reports have indicated that the Wizards would prefer to keep him through the deadline in an attempt to re-sign him in free agency. The 27-year-old forward says he loves playing with Kristaps Porzingis and Bradley Beal, and that will factor into his decision this summer.

It plays into it a lot,” Kuzma told Michael Scotto of HoopsHype (Twitter video link). “I love playing with those guys. I see how easy it is for me, but this is something I’m not really thinking about right now. I’m so far away from it.”

Here’s more from the Southeast:

  • Markelle Fultz has made a major impact on the defensive end since he made his season debut at the end of November, writes Khobi Price of The Orlando Sentinel (subscriber link). “Just playing hard man,” he said. “Just giving all my effort while I’m on the court. Whether that’s ball pressure or trying to dive on the floor for a loose ball, I’m just trying to find any little way to give our team an advantage.” Fultz is averaging a career-high 1.7 steals per contest, per Price, who notes that the 24-year-old doesn’t gamble much while playing disruptive defense. The Magic have gone 12-12 in games Fultz has played and 5-16 without him.
  • Heat point guard Kyle Lowry recently returned from a four-game absence due to knee soreness. He says it’s been bothering him for a while, but hopes resting it resolved the issue, according to Anthony Chiang of The Miami Herald. “It was good to just get myself right,” said Lowry. “My knee has been a little bit bothering me for a while. So it was good to get back. …I feel good. I feel pretty good right now and hopefully it doesn’t re-occur, and we just kind of build on that. You keep the body right and keep the mind sharp.”
  • Hornets coach Steve Clifford is a fan of JT Thor‘s team-first mentality and defense, but he admits his rotations have the second-year forward in an unenviable position, as Roderick Boone of The Charlotte Observer relays. “The guy to be honest with you, who to a certain degree is getting screwed, is JT Thor,” Clifford said. “I’m subbing him in a way — and he knows it and his teammates know it — just so we can keep more balanced lineups on the floor. He’s playing four minutes sometimes, three minutes sometimes. You can’t possibly be productive offensively with those minutes. He gets the minutes, but the way they are broken up, there’s no way. When I told him that, he said, ‘Hey, I know this isn’t about me.’ So, that’s why he has a chance to be a good player.”

Trade Candidate Watch: Potential Restricted Free Agents

Leading up to the February 9 trade deadline, we’re keeping an eye on potential trade candidates from around the NBA. We’re continuing today with a handful of players who can become restricted free agents in the offseason if they are extended qualifying offers. The full list of 2023 restricted free agents can be found right here.


Cam Reddish, F, Knicks

Like the rest of the players on this list, Reddish was a first-round pick in 2019, selected 10th overall out of Duke. He was a highly-touted prospect who has shown brief flashes of intriguing potential, but has struggled mightily with consistency, and his game hasn’t translated all that well to the pros.

The 23-year-old is earning $5.95MM in the final year of his rookie contract. The Knicks have reportedly “redoubled” their efforts to trade Reddish, and are said to be seeking second-round draft compensation for him.

Considering his modest averages in 2022/23 (8.4 PPG, 1.6 RPG and 1.0 APG on .449/.304/.879 shooting in 21.9 MPG through 20 games), the fact that he’s fallen out of New York’s rotation, hasn’t played a game in six weeks, and is essentially on an expiring contract, it’s hard to envision Reddish having positive value at this point.

I understand why the Knicks are hoping to get assets back after giving up a protected first-rounder to acquire Reddish from Atlanta last season, I just don’t view him as a rotational upgrade for the teams that are said to be interested in him, which includes the Lakers, Bucks and Mavericks.

Perhaps the Lakers will offer Kendrick Nunn and a second-rounder if they aren’t able to package Nunn for something more appealing, but that just seems like making a trade for the sake of doing something. Regardless, Reddish is likely to be on the move ahead of the deadline.

Coby White, G, Bulls

White was the seventh overall pick in 2019 out of North Carolina. Like Reddish and many other young players who enter the NBA after one college season, the combo guard has struggled with consistency in his first four seasons.

However, White’s circumstances differ from Reddish’s in other respects. He seemingly fell out of favor when the new front office regime took over in Chicago, as he was drafted by the previous lead basketball executive, Gar Forman.

White’s counting stats, minutes and production have declined since his sophomore season, which might give the impression that he hasn’t improved. But he has become a better ball-handler, a more willing passer and efficient scorer, and puts in a lot more effort on defense.

A report last week indicated White, who makes $7.4MM this season, could be shipped out of Chicago if the Bulls look for a roster upgrade.

Matisse Thybulle, G/F, Sixers

Thybulle is one of the more unique players in the NBA. He’s among the top defensive players in the league, earning All-Defensive nods each of the past two seasons, but it’s challenging to keep him on the court at times due to his very limited offensive skills.

Specialists like Thybulle used to be much more common. They have fallen out of favor in recent years because players are more well-rounded than ever before, and opposing teams have gotten better at exploiting weaknesses.

That said, if the Sixers do end up trading Thybulle, I highly doubt it will be to just dump his salary to dodge the luxury tax. His strengths are so striking that he should still have positive value, perhaps to a young team that believes it can develop his offense.

Rui Hachimura, F, Wizards

On the other end of the spectrum you have Hachimura, a talented scorer whose game is aesthetically pleasing because he can score in a variety of ways and plays with a physical edge offensively. However, he looks lost at times defensively.

When he’s on, Hachimura can look like a future star – there isn’t much you can do to stop him. The problem is, his jump shot runs hot and cold, he doesn’t get to the free throw line as much as you would expect, he isn’t much interested in passing, and he’s just an OK rebounder.

The Wizards have reportedly discussed Hachimura, who turns 25 next month, in potential deals, with some teams out West said to be interested. I get the sense that the Wizards are open to moving him more because they want to re-sign Kyle Kuzma in free agency rather than get rid of the former lottery pick. He could help a team in need of bench scoring.

P.J. Washington, F/C, Hornets

Washington is one of those jack-of-all-trades, master-of-none types who would appeal to many teams around the league. The Hornets are pretty tight-lipped and there haven’t been any concrete rumors that they’re shopping Washington, just a couple of reports that there was a difference of opinion on the value of his next contract.

The thing is, I think he would still have positive trade value even if he was making close to the $20MM per year he was reportedly seeking instead of $5.8MM, which is his current salary. That’s more than I would personally want to pay him if I were a GM, but players that roughly fit the 3-and-D archetype are always in demand.

Washington met the starter criteria earlier this month, so his qualifying offer was bumped up to $8.5MM. I would be mildly surprised if he’s moved.

Eastern Notes: Pistons, Caruso, Thybulle, Knicks, Porzingis

Even though the Pistons are floundering with franchise player Cade Cunningham sidelined, general manager Troy Weaver remains confident that the franchise will soon become a perennial contender, he told James Edwards III of The Athletic.

“A lot of teams go through rebuilds, retooling, whatever you want to call it, and they can’t make it out of it because of what they have in the locker room,” the Pistons’ top exec said. “We take tremendous pride in having the right guys and having a great locker room so that we can fight through this thing. Trust me, the dam is going to break, and when it breaks, it’s going to have a great flow to it. We just have to stay patient, stay in the boat and keep working.”

Weaver plans to remain active before the trade deadline to improve the Pistons’ chances of long-term success: “We’re going to approach this deadline like we approached the previous ones. We’re going to turn over every rock, and if something comes our way that we think can improve our team, we’ll look at it, for sure.”

We have more from the Eastern Conference:

  • Who’s the most untouchable player on the Bulls’ roster? The answer may be a surprise, if you trust one of Joe Cowley’s Chicago Sun-Times sources. Alex Caruso could be the one untouchable before the trade deadline because of his defense and how he impacts the game, as reflected in the plus/minus category, Cowley writes.
  • Wing Matisse Thybulle is headed to free agency this summer — possibly restricted if he’s extended a qualifying offer — and Kyle Neubeck of Philly Voice examines the pros and cons of the Sixers trading him. He could be a defensive factor in the postseason and the Sixers have a 10-0 record in games when he plays 20 or more minutes. However, he remains a major offensive liability.
  • It once seemed unthinkable but it’s not so far-fetched now that the Knicks would consider a reunion with Wizards big Kristaps Porzingis, Stefan Bondy of the New York Daily News writes. Porzingis can reject his $36MM player option for 2023/24 in order to become a free agent this summer. The Knicks could also target the shot-blocking, three-point specialist if he becomes available on the trade market.