NBA trade deadline team-by-team grades: Giannis stayed put, so who did well?

The trade deadline has, in many ways, replaced free agency.

The 2026 NBA trade deadline has come and gone, with multiple former All-Stars changing uniforms. While the biggest star of them all — Giannis Antetokounmpo — wasn’t moved, we can take solace in the fact that Ochai Agbaji was.

In all seriousness, while the final day before the deadline was a bit of a snoozefest, we did see a plethora of trades in the days leading up to it, further establishing that the trade deadline has, in many ways, replaced free agency.

So, to wrap up, let’s take a look at some grades for each team. 

2026 NBA trade tracker: Deal details, grades, analysis

MILWAUKEE, WISCONSIN - FEBRUARY 03: Giannis Antetokounmpo #34 of the Milwaukee Bucks looks on during the first quarter against the Chicago Bulls at Fiserv Forum on February 03, 2026 in Milwaukee, Wisconsin. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Patrick McDermott/Getty Images)
Giannis Antetokounmpo will have to wait until summer for a possible trade. (Photo by Patrick McDermott/Getty Images)
Patrick McDermott via Getty Images

Key additions: Jonathan Kuminga, C.J. McCollum 

Key losses: Trae Young, Kristaps Porziņģis 

Atlanta is re-tooling and building around Jalen Johnson, which was always the right call. While it’s understandable they didn’t get more for Trae Young, the overall return lacks that final bit of pizzazz to get a huge grade. 

Key addition: Nikola Vučević 

Key loss: Anfernee Simons

The Celtics made a cost-cutting trade, and upgraded their center position at the same time. That’s a good bit of business there, even if financially motivated trades are generally uninteresting to fans. They also moved some Josh Minott and Xavier Tillman to get under the luxury tax.

Key addition: Ochai Agbaji  

Key losses: None of significance

The Nets did what everyone expected them to: They took on money and were awarded for doing so in receiving some second-round draft picks. They kept to the plan, and that’s solid.

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Key additions: Coby White, Tyus Jones

Key loss: Collin Sexton

The Hornets shuffled around some pieces and picked up White in the process. He’s going to need to be re-signed in the summer, but he represents a major upgrade for their bench. Overall, the Hornets took advantage of the market.

Key additions: Anfernee Simons, Collin Sexton, Jaden Ivey, a whole lot of second-round picks

Key losses: Coby White, Nikola Vučević, Ayo Dosunmu

Chicago has seemingly embraced tanking – a concept they should have embraced long ago. They’ve cornered the market on pending free-agent guards, and that’s a huge boost to their books as they enter the 2026 summer armed with money and flexibility. Now the question becomes: Do they understand how to utilize all of this, or will they squander it like usual? 

Key additions: James Harden, Keon Ellis, Dennis Schröder 

Key losses: Darius Garland, Lonzo Ball

The Cavs relinquished the best long-term player in the deal and opted for short-term success, which means there is now no place to hide. By acquiring 36-year-old James Harden and presumably paying him this summer, the Cavs are in it to win it — and soon. 

Key addition: Khris Middleton

Key losses: Anthony Davis, D’Angelo Russell 

How did the Mavericks succeed in moving on from a player literally no team should have had interest in?! Dumping Davis clears their books and allows Cooper Flagg to take full control of the future. That’s not a bad few days.

Key additions: None

Key loss: Hunter Tyson

The Nuggets are good when healthy, yet rarely are. That’s likely not something changed by a trade, especially if the injuries are tied to their primary core. For them to stay somewhat silent is not necessarily a bad thing. 

Key additions: Kevin Huerter, draft equity

Key loss: Jaden Ivey

Detroit added a floor-spacing element in Huerter, and even received a protected 2026 first-round pick swap from Minnesota in a deep draft. It did cost them a pretty penny, but seeing as Ivey never really got a chance in Detroit, this seemed inevitable. 

Key loss: Jonathan Kuminga

Porziņģis is a free agent this summer, so there is some hope that he'll re-sign with the organization and offer them a consistent floor-spacing presence throughout next season and perhaps beyond with Butler back in action. All in all, this deal is worth it if he stays healthy and is open to staying with the Warriors.

Key additions: None

Key losses: None

I was expecting the Rockets to make a play for a guard, but they didn’t. That’s odd given that Fred VanVleet is out for the year, and they’re playing well with a motivated Kevin Durant. But I would have liked to see them get more involved for late-season reinforcements.

Key addition: Ivica Zubac

Key loss: Bennedict Mathurin

Zubac is a tremendous player and a rock-solid fit with Tyrese Haliburton, but the idea of shipping out Mathurin, a 2026 first (with Nos. 1-4 and 10-30 protections) and a 2029 unprotected is extremely steep — too steep if you ask me. 

Key additions: Darius Garland, Bennedict Mathurin

Key losses: James Harden, Ivica Zubac

The Clippers just acquired an All-Star-level point guard who is 10 years younger than their former one, and there’s just no way that isn’t a good, smart, long-term play, even at the potential cost of this season. Plus, getting out of the James Harden business is never really a bad thing. Furthermore, they took the Pacers to the cleaners in the Zubac trade. Great deadline for the Clippers.

Key addition: Luke Kennard

Key loss: Gabe Vincent

Moving a non-needle-mover in Vincent for one of the league’s most pure shooters is a huge win for the Lakers, especially in regard to their second unit. Solid bit of business for Los Angeles here.

Key additions: Picks

Key loss: Jaren Jackson Jr.

Surprised at this grade? You’ll understand my perspective if you read this. It’s rebuild time in Memphis and this was a good start.

Key additions: None

Key losses: None 

The Heat stayed silent, likely saving their ammo for a summer run at Giannis Antetokounmpo. Who can blame them?

Key addition: Nick Richards

Key loss: Cole Anthony 

This is a big ol’ meh-burger, especially when you consider who from this team was rumored to be going. But, no Giannis trade gears up the Bucks for the summer.

Key addition: Ayo Dosunmu

Key loss: Rob Dillingham 

The Wolves found a starting point guard! One who even defends! This is a rock-solid move by Minnesota, which will have to re-sign Dosunmu this summer. But given the theoretical fit with Anthony Edwards, the former Bull should be open to that idea. 

Key addition: Dalen Terry

Key loss: Joe Alvarado

The Pelicans got a couple of second-round picks for Alvarado, which is fine, albeit uninspiring. But at least they acknowledged they were going nowhere and acted accordingly. 

Key addition: Jose Alvarado

Key loss: Guerschon Yabusele

The Knicks made some small swaps, ultimately sending out Yabusele in one deal and getting back Jose Alvarado in another. Alvarado is such a Knicks player, it’s not even funny, so this is intriguing business by N.Y.

Key addition: Jared McCain

Key losses: None

As usual, the Thunder played it smart. They took full advantage of the Sixers, who wished to get under the tax line and squeezed them for McCain, who is an excellent shooter. 

Key additions: None

Key loss: Tyus Jones

The Magic realized Tyus Jones wasn’t the upgrade they had hoped for and decided to sacrifice his presence in order to get under the luxury tax. It’s fine, although that does leave them short on guards.

Key additions: None

Key loss: Jared McCain 

I'm giving the Sixers a solid grade because they achieved what they hoped to achieve in getting under the tax, but do note it's a pity grade. Losing talent like McCain, just to save a buck, has become a horrible trend in the league, and it only hurts the fan experience.

Key additions: None

Key losses: None

The Suns felt comfortable with their roster, which is understandable. They also didn’t have much to offer, so instead of digging into future assets, they stayed silent, which specifically for them is probably a keen move.

Key addition: Vít Krejčí

Key loss: Duop Reath

Krejčí is highly underrated, and one heck of a dynamic shooter when he’s on. That’s a strong get for Portland, especially for a bench guy who can flip a game in the playoffs — if it makes it that far.

Key addition: De’Andre Hunter

Key losses: Keon Ellis, Dennis Schröder

As usual, the Kings are all over the place and their direction aimless. That didn’t change this deadline, and now the fan base has yet another headache regarding its team’s unclear plans for the future. 

Key addition: None

Key loss: None

The Spurs are ready to win now, so not making a big splash at the deadline is simply a weird move, which deserves some level of criticism. 

Key addition: None

Key loss: Ochai Agbaji

The Raptors saved money by getting under the luxury tax after moving Agbaji. Usually, financially motivated deals are boring, but since Agbaji hadn’t played well this season, this wasn’t a major loss.

Key addition: Jaren Jackson Jr

Key losses: Mostly picks

Jackson is good, but flawed. He’s a big man who doesn’t rebound, and he turns into dust, Infinity War-style, when the postseason rolls around. Furthermore, he’s extremely costly. This was a steep price to pay for the two-time All-Star, so this move better work.

Key additions: Trae Young, Anthony Davis

Key losses: C.J. McCollum, Khris Middleton 

The Young acquisition was brilliant … the Davis trade, less so. Why relinquish assets for a guy who’s older, oft-injured, on the decline and enormously expensive? If anything, Dallas should have given up assets to get off that deal. 

Category: General Sports