2025 NBA trade deadline live updates, deals, grades: Clippers acquire Bogdan Bogdanovic

Ahead of the Feb. 6 NBA trade deadline, FOX Sports will look at the winners and losers of each deal. 

We’re off to a fiery start, with the trade that sent Anthony Davis to Dallas and Luka Dončić to the Lakers on Saturday already being labeled as one of the most surprising trades in sports history. 

Other big names have been moved as well, from De’Aaron Fox to Jimmy Butler.

With players and fans alike glued to their phones to see what splashy deals are going to transpire next, we’re here to help you make sense of it all. 

Below are our thoughts on the moves that have gone down.

Feb. 6: Clippers acquire Bogdan Bogdanovic

Clippers receive: Bogdan Bogdanovic and three second-round picks
Hawks receive: Terance Mann and Bones Hyland

Feb. 6: Cavaliers acquire De’Andre Hunter 

Cavaliers receive: De’Andre Hunter
Hawks receive: Caris LeVert, Georges Niang, three second-round draft picks, and two pick swaps

Feb. 6: Hornets acquire Jusuf Nurkic 

Hornets receive: Jusuf Nurkic and 2026 first-round pick
Suns receive: Cody Martin, Vasilije Micic and 2026 second-round pick

Feb. 6: Heat acquire Davion Mitchell 

Heat receive: Davion Mitchell
Raptors receive: PJ Tucker, second-round pick and cash

Feb. 6: Wizards acquire Reggie Jackson 

Wizards receive: Reggie Jackson and first-round pick
76ers receive: Jared Butler and four second-round picks

Feb. 5: Lakers make another move, acquire big man Mark Williams from Hornets

Lakers receive: Mark Williams
Hornets receive: Dalton Knecht, Cam Reddish, 2031 first-round pick, 2030 first-round pick swap

Lakers: A-

The Lakers needed a big after losing Anthony Davis. Mark Williams, who is 7-foot and only 23 years old, has a lot of potential. He’s averaging career-highs in points (16) and rebounds (9.8) this season, and had at least 20 points and 14 rebounds in his last two games. Is he the defensive-minded center of their dreams to complete a championship-level roster with LeBron James and Luka Doncic? Perhaps not, especially with his injury history. But he fills a much-needed hole, and could grow more alongside the Lakers’ roster. There’s a lot of upside here.

Hornets: B+

Two first-round picks and a very talented shooter in Knecht? That is a good haul for the Hornets, who have added more to their already lucrative bag of draft capital amid their rebuild. 

Feb. 5: Raptors land Brandon Ingram in trade with Pelicans

Raptors receive: Brandon Ingram
Pelicans receive: Bruce Brown Jr., Kelly Olynyk, first-round pick (top-four protected), second-round pick

Raptors: A-

Ingram boosts the Raptors’ offense and playmaking. In just 18 games this season, he’s averaging 22.2 points on 46.5% shooting from the field and 37.4% shooting from beyond the arc. He’s added in 5.6 rebounds and 5.2 assists a game. When he recovers from his ankle sprain, it should be fun to see him paired with the rest of the Raptors’ roster.  

Pelicans: B-

The Pelicans have caught a bad break this season, besieged by injuries. It’s unfortunate that they didn’t get to evaluate a healthy roster with Ingram, Zion Williamson and Dejounte Murray. Considering Ingram’s time with the Pelicans was likely coming to an end after they failed to reach terms on a new deal, with unrestricted free agency around the corner in the summer of 2025, getting this return was good for the Pelicans. But two veterans, a first-round pick and a second-round pick is hardly something to write home about.

Feb. 5: Jimmy Butler gets his wish, Heat trade him to Warriors in multi-team deal

Warriors receive: Jimmy Butler
Heat receive: Andrew Wiggins, P.J. Tucker, Kyle Anderson, protected first-round pick
Jazz receive: Dennis Schroder 
Pistons receive: Lindy Waters III, Josh Richardson 

Heat: B

Things worked out for Jimmy Butler, who forced his way out of Miami. He landed in one of his preferred destinations and got a two-year, $121 million extension with the Warriors that runs through 2026-27. 

While the Butler saga was surely painful for Miami, who suspended the star three times for conduct detrimental to the team, it ended up working out for the Heat in the end. This is about as fair of a trade as possible. 

The Heat got a protected first-round pick and a solid player in Wiggins, who was an All-Star in 2022 and is averaging the most points per game (17.6) since the 2020-21 season.

Considering the relationship between Butler and the Heat had completely eroded, with Butler saying he had lost his joy, the Heat had no choice but to deal him. Not to mention, Butler had a player option for the 2025-26 season and could’ve opted to become a free agent in July. 

So, in the end, the Heat got a good return on a completely untenable situation. 

Warriors: B

The Warriors were reportedly pursuing Kevin Durant, who won two championships in Golden State in 2017 and 2018. But Durant wasn’t interested in a reunion. 

They ended up getting their third star in Butler. 

Butler led Miami to the NBA Finals in 2020 and 2023, and is famous for his superb play in the postseason. This season, he’s averaging 17 points on a career-best 54% shooting from the field, 5.2 rebounds and 4.8 assists in 25 games. 

The Warriors, who won four championships in eight years from 2015-2022, are intent on being contenders again while the 36-year-old Steph Curry remains on their roster. 

Amid a subpar season, Butler could help tip things.

While Butler’s attitude and professionalism have raised eyebrows over the years, we all know a happy Butler is a successful Butler. He got his way, and now the Warriors could be a team to watch this postseason.

Feb. 5: Kings snag Jonas Valanciunas 

Kings receive: Jonas Valanciunas
Wizards receive: Sidy Cissoko and two second-round picks

Feb. 5: Bucks trade Middleton to Wizards for Kuzma

Bucks receive: Kyle Kuzma, Patrick Baldwin Jr., Jericho Sims, second-round pick
Wizards receive: Khris Middleton, AJ Johnson, 2028 first-round pick swap
Knicks receive: Delon Wright, cash

Bucks: C

The Bucks, who haven’t gotten past the second round of the playoffs since winning a championship in 2021, undoubtedly feel pressure to turn into championship contenders before Giannis Antetokounmpo gets frustrated. But acquiring Kuzma is unlikely to give them the boost they want, even though he gives them youth and athleticism.

Kuzma is having one of the worst seasons of his career, averaging 15.2 points, 5.8 rebounds and 2.5 assists. Kuzma is also notably shooting a career-worst 28.1% from beyond the 3-point line.

Middleton was beloved in the locker room and was a big part of why the Bucks won the championship in 2021, averaging 23.6 points during their title run. But Middleton has struggled recently with injuries, missing the first 21 games of the season. It’s understandable that the Bucks are looking for an upgrade at forward, but Kuzma doesn’t seem to be the answer. 

Wizards: C+

The Wizards are having a historically bad season and this isn’t going to change anything for them. They’ve shedded about $40 million in salary that they’d owe Kuzma over the next two seasons, so there’s that. 

Feb. 5: 76ers trade KJ Martin to Pistons

Pistons receive: KJ Martin, 2027 second-round pick (via Milwaukee), 2031 second-round pick (via Dallas)
76ers receive: Clear $7.97 million in cap room

Feb. 4: Mavericks make another move, landing wing help from 76ers

Mavericks receive: Caleb Martin
76ers receive: Quentin Grimes, 2025 second-round pick (Philadelphia’s own)

Feb. 2: Kings trade De’Aaron Fox to Spurs, land Zach LaVine from Bulls in 3-team deal

Kings receive: Zach LaVine, Sidy Cissoko, three first-round picks, three second-round picks
Spurs receive: De’Aaron Fox, Jordan McLaughlin
Bulls receive: Zach Collins, Tre Jones, Kevin Huerter, their own 2025 pick (via Spurs)

Spurs: A

This was a brilliant move for the Spurs, who gained the perfect sidekick for Wembanyama. Wemby and Fox are an exciting duo who could put the Spurs back on the map again. With two young talents of that caliber, as well as Stephon Castle and a chance at a high lottery pick via Atlanta, the Spurs could go from being near the bottom of the West to a major competitor again very soon. 

Kings: B+

Taking into consideration that it was pretty much a done deal that the Kings were going to lose Fox, getting LaVine was very good news for this team. Sacramento also received a good amount of draft capital, putting it in a position to recalibrate its roster. LaVine and DeMar DeRozan are teaming up again, this time with the Kings and alongside Domantas Sabonis. Could be interesting for a squad that was in desperate need of a change. 

Bulls: C

The Bulls got back their 2025 first-round pick from the Spurs, which was top-10 protected. That should alleviate some worries. But other than that, they didn’t get anyone who is going to change things for them. They cleared LaVine’s salary from their books, but they still owe Huerter and Collins around $18 million each next season. 

Feb. 1: Lakers and Mavericks exchange superstars

Lakers receive: Luka Dončić, Maxi Kleber and Markieff Morris
Mavericks receive: Anthony Davis, Max Christie, first-round pick
Jazz receive: Jalen Hood-Schifino, 2025 second-round pick from Lakers (their pick from the Clippers) and 2025 second-round pick from Mavericks

Lakers: A

By acquiring the 25-year-old Dončić, the Lakers have set themselves up with a franchise superstar for potentially the next decade. Dončić led the league in scoring last season (33.9 points a game) en route to taking the Mavericks to the NBA Finals. It’s highly unusual for a franchise to deal a 25-year-old superstar in the prime of his career, and when the Mavericks approached the Lakers with the willingness to do so, the 17-time NBA champions rightfully jumped at the chance to secure their future. 

Make no mistake, losing Davis is a big blow to the Lakers. Davis is one of the most underappreciated superstars in the NBA. He helped the Lakers win a championship alongside James in 2020. He made four All-Star appearances during his 5 ½ season tenure with the purple and gold. And he has consistently been one of the league’s top defenders, though he glaringly has never won a Defensive Player of the Year award. In the past few years, James has made it clear that Davis is the Lakers’ best player, even if the NBA world refused to anoint him with that title. And this season, Davis has played MVP-caliber basketball at times, helping the Lakers win eight of their last 10 games and climb to fifth-place in the Western Conference. 

That said, getting Dončić dramatically changes the Lakers’ future, setting them up to be contenders for years to come, long after the 40-year-old LeBron James retires. Dončić is the future of the NBA. And if the Lakers can convince Dončić to sign an extension, expect the team to be competing for its 18th title in the very near future. 

Mavericks: C

Acquiring Davis gives the Mavericks a chance to win now. The Mavericks wanted a defensive specialist who is mature and knows what it takes to be a champion. Davis, Kyrie Irving and Klay Thompson will be a fearsome Big Three, and it wouldn’t be surprising if they were competing in June. 

That said, parting ways with Dončić is a bit of a head scratcher. Sure, there were concerns about his conditioning, and defense has always been a weakness of his. But parting ways with a player of his caliber, at his age, is nothing short of shocking. 

The Mavericks wanted to make a move before Dončić was up for a supermax contract extension and, if an agreement wasn’t reached, Dončić potentially had the ability to choose to leave in free agency. 

With Davis, the Mavericks have a window to win a championship now. But it’s a much, much smaller window than they would’ve had if they were able to hold onto Dončić. 

Feb. 1: Clippers free up space in four-player swap

Clippers receive: Drew Eubanks, Patty Mills
Jazz receive: Mo Bamba, P.J. Tucker, 2030 second-round pick, cash considerations

Jan. 15: Suns buy low on Richards

Suns receive: Nick Richards, 2025 second-round pick (via DEN)
Hornets receive: Josh Okogie, three future second-round picks

Dec. 29: Lakers win DFS sweepstakes

Lakers receive: Dorian Finney-Smith, Shake Milton
Nets receive: D’Angelo Russell, Maxwell Lewis, three future second-round picks

Lakers: B

The Lakers had two holes they wanted to address with this deal: defense and 3-point shooting. Finney-Smith helps fill both of those holes. He’s a 3&D specialist who could help the Lakers improve in two categories they very much need to shore up. Russell had been inconsistent for the Lakers since they reacquired him in 2023, and, though he vowed to be more professional heading into this season, it was clear that he wasn’t happy coming off the bench and playing a lesser role. 

Nets: B

Russell is surely happy with this move. After finishing with 23 points and 10 assists against the New York Knicks on Jan. 21, he told reporters, “I’ll never take being able to play free basketball like this for granted again.” A happy DLo could be a good thing for the Nets, though it remains to be seen if they intend to use him for the buyout market. Either way, this move secured the Nets their former All-Star from 2019 and some more draft capital, which is a good thing. 

Dec. 16: Warriors add Schröder

Warriors receive: Dennis Schröder, 2025 second-round pick
Nets receive: De’Anthony Melton, Reece Beekman, three future second-round picks

Warriors: B+

Schröder gives the Warriors a chance for their scoring to not plummet when Steph Curry needs a rest, and he has proven himself to be a strong defender. Making this deal even sweeter for Golden State: The team didn’t have to give up much to get him, just parting ways with Melton, who only played six games this season before suffering an ACL injury. 

Nets: B-

The Nets clearly made this deal with their future in mind. They want to stockpile draft picks and give themselves the most flexibility with their rebuild. 

Dec. 15: Pacers trade for Bryant

Pacers receive: Thomas Bryant
Heat receive: 2031 second-round pick swap

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