Which NBA contenders are looking to add players for a postseason or championship push? Which teams are looking to acquire draft picks or financial flexibility? And which teams could stand pat, either by choice or because they face the strict team-building restrictions of the league’s new collective bargaining agreement?
Along with identifying the big trade questions all 30 teams must answer leading up to the Feb. 6 deadline, we’ve listed the players who are off the board (either due to contract restrictions or because the team wouldn’t trade them in any situation), potential trade targets, value deals and the tough-to-move contracts for every team.
KEY: Player = player option; RFA = restricted free agent; UFA = unrestricted free agent; team = team option; ETO = early termination option
Jump to a team:
ATL | BOS | BKN | CHA | CHI | CLE
DAL | DEN | DET | GS | HOU | IND
LAC | LAL | MEM | MIA | MIL | MIN
NO | NY | OKC | ORL | PHI | PHX
POR | SAC | SA | TOR | UTAH | WAS
The big question: Are Atlanta’s 2025 and 2027 first-round picks available in deals?
Considering the Hawks don’t control their first-round pick until 2029, their unprotected first-round picks (via the Lakers in 2025 and the Pelicans or Bucks in 2027) are worth monitoring. Would Atlanta consider packaging one or both picks with the expiring contract of pending unrestricted free agent (UFA) center Clint Capela? One glaring need for Atlanta, which is seventh in the East, is perimeter defense; the Hawks are second worst in the league in 3-point field goal percentage allowed.
Players with trade value: Capela ($22.3M, UFA 2025), Larry Nance Jr. ($11.2M, UFA 2025), Cody Zeller ($3.5M, UFA 2026)
Off the board: Jalen Johnson (poison pill restriction). Note: Johnson still can be traded, but his incoming salary counts as $25.8 million and outgoing $4.5 million
Free agents in July: Capela, Nance Jr., David Roddy ($2.8M, UFA), Garrison Mathews ($2.2M, UFA)
Controllable contracts: Zaccharie Risacher ($12.6M, RFA 2028), Dyson Daniels ($6.1M, RFA 2026), Mouhamed Gueye ($1.9M, team 2026), Kobe Bufkin ($4.3M, RFA 2027) and Vit Krejci ($2.2M, team 2027)
Long-term salary: Trae Young ($43M, player 2026), De’Andre Hunter ($21.7M, UFA 2027), Bogdan Bogdanovic ($17.3M, team in 2026), Onyeka Okongwu ($14M, UFA 2028)
Draft capital: Atlanta has the Lakers’ unprotected 2025 first-round pick but owes San Antonio unprotected first-round picks in 2025 and 2027. (The Spurs also have the right to swap first-rounders in 2026.) Atlanta has a top-12 protected first-round pick from Sacramento in 2025 (top-10 protected in 2026) that will turn into 2026 and 2027 second-round picks if not conveyed by the Kings. The Hawks also have the least favorable 2027 first-round pick from Milwaukee or New Orleans (top-4 protected). The maximum first-rounders they can trade is five, with six second-round picks available to be dealt.
Finances and restrictions: The Hawks are $1.3 million below the luxury tax. Atlanta has four exceptions ($25.3M, $10.6M, $4.7M and $3.7M) available to use in a trade. However, the club is $5.3 million below the first apron and cannot exceed the threshold.
The big question: Could Boston get even deeper before the deadline?
The Celtics have arguably the deepest team in the league, with eight players averaging more than 22 minutes per game. The $4 million expiring contract of Jaden Springer could be used in a deal to bring in another rotational player, or the contract could be paired with draft compensation to save Boston $16 million. Boston also has one open roster spot.
Off the board: Jayson Tatum (July 6, signing restriction), Sam Hauser (Jan. 23, signing restriction), Derrick White (Jan. 6, signing restriction) and Jaylen Brown ($49.2M, UFA 2029)
Free agents in July: Jaden Springer ($4M, UFA), Al Horford ($9.5M, UFA) and Luke Kornet ($2.1M, UFA). Note: Kornet has a one-year Bird restriction and has the right to veto any trade
Controllable contracts: Baylor Scheierman ($2.5M, RFA 2028), Jordan Walsh ($1.9M, Team 2026), Neemias Queta ($2.2M, Team 2026) and Xavier Tillman ($2.2M, UFA 2026)
Long-term salary: Jrue Holiday ($30M, Player 2027), Kristaps Porzingis ($29.3M, UFA 2026), Payton Pritchard ($6.7M, UFA 2028)
Draft capital: Boston is allowed to trade a maximum of three first-round picks in the next seven years (2025, 2027 and 2031). Boston has the right to swap those picks in every season except in 2028 (the Spurs already have swap rights if the pick lands between 2-30) and in 2029. (Boston owes Portland a 2029 first-round pick.) The Celtics have six second-round picks.
Finances and restrictions: The Celtics are $25.7 million over the luxury tax and have a projected tax bill of $65.6 million. Boston is $18.4 million over the first and $7.6 million over the second apron. They are not allowed to use more than the 100% Traded Player Exception or aggregate contracts. The Celtics are also not allowed to sign a player who was waived and had a pre-existing salary of $12.8 million or more. Boston is not allowed to send out cash in any trade.
The big question: What’s next after trading Schroder?
With a roster unlikely to compete for play-in positioning — the Nets are 11th in the East and have lost six of their past seven games — does it make sense to strip the team down even further? After Brooklyn traded veteran guard Dennis Schroder to the Warriors on Sunday, teams will be watching the futures of Dorian Finney-Smith, Ben Simmons and Cameron Johnson. Simmons is on a $40.3 million expiring contract, while Johnson, a long-term piece through the team’s retooling stage, could help Brooklyn stockpile even more assets if dealt.
Off the board: Nic Claxton (Jan. 15, signing restriction)
Players with trade value: Johnson ($22.5M, UFA 2027), Dorian Finney-Smith ($14.9M, Player 2025) and Cam Thomas ($4M, RFA 2025)
Free agents in July: Finney-Smith, De’Anthony Melton ($12.8M, UFA) Thomas, Simmons ($40.3M, UFA), Bojan Bogdanovic ($19M, UFA), Ziaire Williams ($6.1M, RFA), Day’Ron Sharpe ($4M, RFA) and Trendon Watford ($2.7M, UFA). Note: Watford has a one-year Bird restriction and has the right to veto any trade
Controllable contracts: Noah Clowney ($3.2M, RFA 2027), Dariq Whitehead ($3.1M, RFA 2027), Shake Milton ($2.9M, UFA 2027), Keon Johnson ($2.2M, UFA 2026) and Jalen Wilson ($1.9M, RFA 2026)
Long-term salary: None
Draft capital: The Nets have 15 first-round picks over the next seven years, including 12 that are tradable. They could have four first-rounders in the 2025 draft — their own, Milwaukee (if 5-30), Phoenix and New York. (The Knicks owe the Nets first-rounders in 2027, 2029 and 2031). The Nets have 13 second-round picks available to trade.
Finances and restrictions: Brooklyn is $3.5 million below the tax, $5.4 million below the first apron and cannot exceed the threshold. Brooklyn has five exceptions available to use in a trade ($23.3M, $12.8M, $4.7M, $3.4M and $2.7M).
The big question: Which direction will the Hornets choose?
Charlotte is walking the line between playing veterans to help build the right habits under new coach Charles Lee and trading those players (Cody Martin, Josh Green, Seth Curry) for future assets. Two younger players to watch until the deadline are guard Tre Mann and center Mark Williams. Despite Mann’s back issue that will keep him out at least two more weeks, his emergence as a reliable scoring threat could increase the price during his restricted free agency this summer. Williams, meanwhile, has flashed potential but has played just 67 games in his two-plus seasons.
Off the board: Miles Bridges (Jan. 15, signing restriction) and DaQuan Jeffries (Jan. 2, signing restriction)
Players with trade value: Green ($12.6M, UFA 2027), Vasilije Micic ($7.7M, Team 2025), Mann ($4.9M, RFA 2025)
Free agents in July: Mann, Micic, Curry ($2.1M, UFA) and Taj Gibson ($2.1M, UFA). Note: Curry has a one-year Bird restriction and can veto any trade.
Controllable contracts: Brandon Miller ($11.4M, RFA 2027), Tidjane Salaun ($7.5M, RFA 2028), Nick Richards ($5M, UFA 2026), Williams ($4.1M, RFA 2026), Nick Smith Jr. ($2.6M, RFA 2027), Martin ($8.1M, UFA 2026)
Long-term salary: LaMelo Ball ($35.1M, UFA 2029), Grant Williams ($13M, UFA 2027)
Draft capital: The Hornets owe San Antonio a top-14 protected first-rounder in 2025 and will send a 2026 and 2027 second-rounder if the pick isn’t conveyed in 2025. The Hornets are allowed to trade their 2027, 2028, 2029 or 2030 first-round picks, and they can swap those picks in every season except 2025 (if 15-30). From two prior trades, Charlotte has 2027 first-rounders from Dallas (top-2 protected) and Miami (top-14 protected). The Hornets have seven second-round picks available.
Finances and restrictions: The Hornets are $10.4 million below the luxury tax and $17.7 million below the first apron. Charlotte has a $6.1 million Disabled Player Exception from the Grant Williams injury.
The big question: Is making the postseason more important than developing young talent and securing a higher pick?
Has the market for Zach LaVine changed now that he’s healthy and shooting a career high from the field and near career high from 3? How important is Nikola Vucevic’s veteran leadership, and is it more coveted than the potential draft picks he might bring back, with his on-court value arguably being the highest since he was in Orlando? Has Lonzo Ball’s ability to get on the court — before his wrist injury — at least raised his value to a second-round pick in return? Is there a team that finds value in his expiring deal, that might bite on a reasonable price point?
Off the board: Patrick Williams (Jan. 15, signing restriction)
Players with trade value: Vucevic ($20M, UFA 2026), Coby White ($12M, UFA 2026)
Free agents in July: Chris Duarte ($5.9M, RFA), Ball ($21.4M, UFA), Josh Giddey ($8.4M, RFA), Jevon Carter ($6.5M, UFA), Torrey Craig ($2.8M, UFA) and Talen Horton-Tucker ($2.1M)
Controllable contracts: Matas Buzelis ($5.2M, RFA 2028), Julian Phillips ($1.9M, Team 2026), Dalen Terry ($3.5M, RFA 2026)
Long-term salary: LaVine ($43M, Player 2026), Jalen Smith ($8.6M, UFA 2027), Ayo Dosunmu ($7M, UFA 2026)
Draft capital: The Bulls owe San Antonio a top-10 protected first in 2025 that, if not conveyed, becomes top-8 protected in 2026 and 2027. Chicago can’t trade a first-round pick until two years after the pick to San Antonio is conveyed. The Bulls are allowed to swap their own first-rounder in 2028, 2029, 2030 or 2031. The Trail Blazers owe Chicago a first-round pick that is top-14 protected over the next five seasons. Chicago also has five second-round picks available to trade.
Finances and restrictions: The Bulls are $4.5M below the luxury tax, $9.5M below the first apron and cannot exceed the threshold. Chicago has three exceptions available ($17.5M, $4.7M and $4.3M).
The big question: Does Cleveland disrupt its rotation at the cost of saving money?
The NBA-leading Cavaliers are $1.9 million over the luxury tax and would need to make a move to get below it and secure the $19 million distribution those teams receive. The pending return of guard Max Strus, who started 70 games last season, could affect the futures of wings Caris LeVert and Isaac Okoro, both of whom are having career seasons from beyond the arc. If either player begins to fade, are they still as valuable to the efficiency of Cleveland’s rotation?
Off the board: Donovan Mitchell (Jan. 7, signing restriction), Evan Mobley (poison pill restriction), Jarrett Allen (Feb. 2, signing restriction). Note: Mobley can still be traded, but his incoming salary counts as $37.4 million and outgoing $11.2 million.
Players with trade value: Dean Wade ($6.2M, UFA 2026), LeVert ($16.6M), Okoro ($10.2M, UFA 2027)
Free agents in July: Tristan Thompson ($2.1M, UFA), LeVert, Sam Merrill ($2.2M, UFA) and Ty Jerome ($2.6M, UFA)
Controllable contracts: Craig Porter Jr. ($1.9M, Team 2026), Jaylon Tyson ($3.3M, RFA 2028)
Long-term salary: Darius Garland ($36.7M, UFA 2028), Strus ($15.2M, UFA 2027), Georges Niang ($8.5M, UFA 2026)
Draft capital: The Cavaliers owe three first-round picks (2025, 2027 and 2029) to Utah. The Jazz also have the right to swap first-rounders in 2026 and 2028. The Cavaliers are not allowed to trade a first-round pick until 2031 but can swap first-rounders in 2030 and 2031. Cleveland has eight second-round picks available to use in a trade.
Finances and restrictions: The Cavaliers are $1.9 million above the luxury tax but have the $12.8 million non-tax mid-level exception available to acquire a player. However, they are not allowed to use more than $5.2 million and exceed the first apron. They are currently $3.9 million below.
The big question: Can this roster, as currently constructed, form an identity throughout the second half of the season?
Health has been a constant struggle for the Mavs and will be a point of contention as the trade deadline approaches. After playing in just 14 games this season and recently being diagnosed with a fractured rib, Maxi Kleber’s constant health struggles might affect his market value. The eighth-year forward will be on an expiring contract next season after signing a three-year, $33 million contract in 2022. Dante Exum, one of the Mavs’ go-to guards, also has been sidelined all season after undergoing right wrist surgery in October. His eventual return could be a factor for Quentin Grimes’ minutes as the Mavs begin to assess their roster. If Grimes doesn’t appear to be a key rotational piece in the postseason, his trade value might exceed what Dallas would be willing to pay this summer as a restricted free agent.
Off the board: Luka Doncic ($43M, Player 2026)
Players with trade value: Grimes ($4.3M, RFA 2025) and Kleber ($11M, UFA 2026)
Free agents in July: Grimes, Kyrie Irving ($41M, Player), Dwight Powell ($4M, Player), Dante Exum ($3.2M, UFA), Spencer Dinwiddie ($2.1M, UFA), Markieff Morris ($2.1M, UFA)
Controllable contracts: Dereck Lively II ($5M, RFA 2027), Olivier-Maxence Prosper ($2.9M, RFA 2027)
Long-term salary: P.J. Washington ($15.5M, UFA 2026), Klay Thompson ($15.9M, UFA 2027), Daniel Gafford ($13.4M, UFA 2026), Naji Marshall ($8.6M, UFA 2027) and Jaden Hardy ($2M, Team 2027)
Draft capital: The Mavericks have their own first-round pick in 2025, 2026, 2030 and 2031, and they are allowed to trade their first-rounder in 2025 and 2031. Charlotte owns Dallas’ first in 2027 (top-1 protected). The Mavericks’ first in 2029 goes to Houston or Brooklyn. The Thunder have the right to swap first-rounders in 2028 and San Antonio has the right to swap in 2030. Dallas has two second-round picks available to trade.
Finances and restrictions: Dallas is $5.3 million over the tax and is projected to pay a $7.9 million penalty. Because of the Thompson sign-and-trade, the Mavericks are not allowed to exceed the first apron. (They are $526,220 below.)
The big question: With the right addition, is this team good enough to win another championship?
The team has a 2031 draft swap that could be used in a trade. Nikola Jokic will be 36 years old in the 2031 season, and assuming he’s still on the roster and making franchise-player-level money, the pick should be projected to have high-level value. There’s always the option to sacrifice championship competitiveness for a season or two to start retooling around Jokic (ie. the Warriors from 2019 to 2021). If the Nuggets want to be competitive right now, they’ll need to address their bottom-12 defense. If Dario Saric can’t become a reliable backup for Jokic, the Nuggets’ biggest priority will be finding a backup wing or center.
Off the board: Jokic ($51.4M, Player 2027), Jamal Murray (March 9, signing restriction) and Aaron Gordon (April 21, signing restriction)
Players with trade value: Michael Porter Jr. ($35.9M, UFA 2027)
Free agents in July: Russell Westbrook ($3.3M, Player), Saric ($5.2M, Player), DeAndre Jordan ($2.1M, UFA) and Vlatko Cancar ($2.1M, UFA). Note: Jordan and Cancar have a one-year Bird restriction and can veto any trade.
Controllable contracts: Christian Braun ($3.1M, RFA 2026), DaRon Holmes II ($3.1M, RFA 2028), Julian Strawther ($2.6M, RFA 2026), Peyton Watson ($2.4M, RFA 2026), Jalen Pickett ($1.9M, Team 2026) and Hunter Tyson ($1.9M, Team 2026)
Long-term salary: Zeke Nnaji ($8.9M, Player 2027)
Draft capital: The Nuggets owe Orlando a top-5 protected first in 2025, 2026 or 2027. They will send Oklahoma City a top-5 protected first, two years after the Magic pick is conveyed. They will send an additional first to the Thunder, two years after the original first is conveyed. The pick is top-5 protected. They are allowed to swap their first in 2031. Denver has one second-round pick available (if 31-33) to trade.
Finances and restrictions: Denver is a luxury tax team for a third straight season and is projected to pay a $20.4 million penalty. The Nuggets are $5.6 million over the first apron, $5.1 million below the second apron and are not allowed to exceed it. Because they are a first-apron team, Denver is not allowed to use more than the 100% Traded Player Exception and sign a player waived who had a pre-existing salary of more than $12.8 million.
The big question: How can the Pistons maximize cap space and build up draft equity?
The Pistons have had a significantly better season than they did last year, currently sitting at 10th in the Eastern Conference. However, Detroit is still in the midst of a rebuild and can use their $14 million of cap space to build up their draft assets. Because a third of the NBA’s teams are either in the luxury tax or apron, the Pistons act as a facilitator, taking back unwanted contracts. They have 11 second-round picks but do not possess any future firsts from another team.
Off the board: Cade Cunningham (poison pill restriction) and Paul Reed (March 16, signing restriction). Note: Cunningham can still be traded but his incoming salary counts as $37.8 million and outgoing $13.9 million.
Players with trade value: Tim Hardaway Jr. ($16.2M, UFA 2025), Malik Beasley ($6M, UFA 2025), Isaiah Stewart ($15M, Team 2027) and Simone Fontecchio ($7.7M, UFA 2025)
Free agents in July: Hardaway, Beasley and Wendell Moore Jr. ($2.5M, UFA)
Controllable contracts: Ausar Thompson ($8.4M, RFA 2027), Ronald Holland II ($8.2M, RFA 2028), Jaden Ivey ($8M, RFA 2026), Jalen Duren ($4.5M, RFA 2026), Marcus Sasser ($2.8M, RFA 2027) and Bobi Klintman ($1.3M, Team 2027)
Long-term salary: Tobias Harris ($25.4M, UFA 2026)
Draft capital: Detroit owes Minnesota a top-12 protected first in 2025, which becomes top-10 protected in 2026 and top-9 protected in 2027. The Pistons can trade a first-round pick two years after the first to Minnesota is conveyed. The Pistons have 11 second-round picks available to trade.
Finances and restrictions: The Pistons have $14 million in available cap space.
The big question: Are the first-round picks off the table to upgrade now even if the player is not an All-Star?
The Warriors have up to three first-rounders and the expiring contracts of Gary Payton II, Kevon Looney and Dennis Schroder. Schroder can be packaged in a trade starting Feb. 5. Beginning the night of the draft, Golden State could have up to five first-rounders available. The Warriors also have soon-to-be restricted free agent Jonathan Kuminga. Do they have a reasonable price point that Golden State matches on an offer sheet that his representation feels comfortable securing elsewhere? If not, are the Warriors active in attempting to move him? What is the position of need for the final roster spot? Golden State can sign a 15th player starting March 18.
Off the board: Stephen Curry ($55.8M, UFA 2027)
Players with trade value: Kuminga ($7.6M)
Free agents in July: Schroder, Payton ($9.1M, UFA), Looney ($7.6M, UFA), Kuminga, Lindy Waters III ($2.2M, UFA), Gui Santos ($1.9M, Team)
Controllable contracts: Brandin Podziemski ($3.5M, RFA 2027), Trayce Jackson-Davis ($1.9M, Team 2026)
Long-term salary: Draymond Green (24.1M, Player 2026), Andrew Wiggins ($26.3M, UFA 2027), Moses Moody ($5.8M, UFA 2028), Buddy Hield ($8.8M, Team 2027), Kyle Anderson ($8.8M, UFA 2027). Note: Moody has a poison pill restriction that is manageable. For trade purposes, his incoming salary counts as $10.8 million and outgoing $5.8 million.
Draft capital: Golden State has control of its first-round pick in every season except in 2030. The Warriors also will send Washington a top-20 protected first in 2030. They are allowed to trade a maximum of three first-rounders (2026, 2028 and 2030 — if 1-20). The Warriors have two second-round picks available to trade.
Finances and restrictions: Golden State is $5.8 million over the luxury tax and projected to pay a $15.1 million penalty. The Warriors are $330,409 below the first apron and are not allowed to exceed the threshold.
The big question: Where do the Rockets most need an upgrade?
After winning 17, 20, 22 and 41 games each of the past four years, Houston is a top-4 team this season. The Rockets have four tradable first-rounders and $36 million in expiring contracts (Steven Adams, Jae’Sean Tate, Jeff Green and Jock Landale). Is there a trade that can upgrade their perimeter shooting? The Rockets rank 28th in the 3-point percentage. If the goal is to allow the core youth to develop as the season continues, and as the postseason approaches, who becomes the odd man out in the rotation? The only position outside of their top eight who wouldn’t take reps from the youth is at backup center. Is there one on the market, for a reasonable price, who would be better in a 14- to 15-minute role than Adams?
Off the board: Jalen Green (poison pill restriction) and Alperen Sengun (poison pill restriction). Note: Green and Sengun are trade-eligible but next to impossible to include in a deal. Green’s incoming salary counts as $29.5 million and outgoing $12.5 million. Sengun’s incoming salary counts as $31.7 million and outgoing $5.4 million.
Players with trade value: Tate ($7.6M, UFA 2025), Je. Green ($8M, UFA), Landale ($8M, UFA 2027)
Free agents in July: Fred VanVleet ($42.8M, Team), Adams ($12.6M, UFA), Tate, Je. Green, Aaron Holiday ($4.7M, Team)
Controllable contracts: Reed Sheppard ($10.1M, RFA 2028), Jabari Smith Jr. ($9.8M, RFA 2026), Amen Thompson ($9.2M, RFA 2027), Tari Eason ($3.7M, RFA 2026), Cam Whitmore ($3.4M, RFA 2027)
Long-term salary: Dillon Brooks ($22.3M, UFA 2027)
Draft capital: Houston has nine first-rounders over the next seven years, four that could be traded. The Rockets eliminated swap rights with Brooklyn in June and returned the 2026 first that the Nets owed from the James Harden trade. They still have the right to swap first-rounders with Brooklyn in 2027. In return, Houston acquired valuable future draft assets: the right to swap first-rounders with Phoenix in 2025, the Suns’ unprotected first in 2027 and the more favorable first-rounder between the Mavericks and Suns in 2029. (Houston is also allowed to swap the less favorable first-rounder between the Mavericks and Suns.) From the Russell Westbrook trade, Oklahoma City has the right to swap first-rounders in 2025 if it falls outside the top-10 and has the Rockets’ top-4 protected first-rounder in 2026. The Rockets are allowed to trade their own first starting in 2028. They have five second-round picks available to trade.
Finances and restrictions: The Rockets are $10.5 million below the luxury tax. They have a $12.8 million exception available to acquire a player in a trade.
The big question: Are there too many players who duplicate each other in the roster?
The Pacers are guard/wing-heavy with Aaron Nesmith, Bennedict Mathurin, Ben Sheppard and Jarace Walker. What player is expendable to help fix their bottom-10 defense? Indiana could create roster and financial flexibility by moving injured players James Wiseman or Isaiah Jackson, and starting center Myles Turner is a free agent in the offseason and not extension-eligible.
Off the board: Tyrese Haliburton ($42.2M, UFA 2029), Andrew Nembhard (Jan. 26, signing restriction), Obi Toppin (Jan. 15, signing restriction), T.J. McConnell (March 3, signing restriction)
Players with trade value: Turner ($19.9M, UFA), Nesmith ($11M, UFA 2027), Mathurin ($7.2M, RFA 2026)
Free agents in July: Wiseman ($2.2M, Team), James Johnson ($2.1M, UFA), Jackson ($4.4M, RFA), Thomas Bryant ($2.1M, UFA)
Controllable contracts: Walker ($4.4M, RFA 2027), Sheppard ($2.7M, RFA 2027), Johnny Furphy ($1.9M, Team 2027).
Long-term salary: Pascal Siakam ($42.2M, UFA 2028)
Draft capital: The Pacers have their first-rounder in six of the next seven years. (They owe Toronto a top-4 protected first in 2026.) Indiana also has nine second-round picks available to trade.
Finances and restrictions: The Pacers are $500K under the luxury tax. They have a $12.8M and $4.7M exception available to acquire a player in a trade. Indiana also has a $2.2M and $1.1M Disabled Player Exception. The second apron was triggered in the draft-day trade to acquire Furphy. They are $16.2 million below.
The big question: How do the Clippers handle P.J. Tucker‘s expiring contract?
Are the Clippers willing to take back a salary that stretches into 2025-26 for a player who can help now? Or should they cut their losses and sign a replacement player? Does the expiring contract of Bones Hyland and a second-round pick have value? They also are allowed to aggregate the contracts of Tucker and Hyland for a player earning $18M. How much of a priority is it to acquire a reserve center who could be capable of playing consistent minutes behind Ivica Zubac? Is there a willingness to part ways with Terance Mann, to possibly add more rotation-capable shooting to the bench? How does the timeline of Kawhi Leonard’s return affect how we evaluate the team’s most prominent needs for the second half of the season?
Off the board: Zubac (March 3, signing restriction)
Players with trade value: Amir Coffey ($3.9M, UFA 2025) and Mann ($11.4M, UFA 2028)
Free agents in July: James Harden ($33.7M, Player), Tucker ($11.5M, UFA), Nicolas Batum ($4.7M, Player), Hyland ($4.2M, RFA), Coffey, Kevin Porter Jr. ($2.2M, Player), Mo Bamba ($2.1M, UFA). Note: Harden has a one-year Bird restriction and can veto any trade.
Controllable contracts: Kobe Brown ($2.5M, RFA 2027), Cam Christie ($1.2M, Team 2027), Kris Dunn ($5.2M, UFA 2027)
Long-term salary: Leonard ($49.2M, UFA 2027), Norman Powell ($19.2M, UFA 2026), Derrick Jones Jr. ($9.5M, UFA 2027)
Draft capital: The Clippers have no control of their first-round pick in the next five years. They will send an unprotected first to Oklahoma City in 2026. The Thunder also have the right to swap first-rounders in 2025 and 2027. The Clippers will send Philadelphia a 2028 unprotected first. The 76ers also have the right to swap first-rounders in 2029 (if 4-30). The Clippers are allowed to trade their 2031 first. Their first can be swapped in 2030 and 2031. The Clippers have two second-round picks available to trade.
Finances and restrictions: LA is over the luxury tax by $2.5 million and projected to pay a penalty for a fourth straight year. The Clippers are $4.8 million below the first apron. Because of the Jones signing, they are not allowed to exceed the threshold.
The big question: How much do the Lakers prioritize flexibility below the second apron next season if the roster can improve now?
Los Angeles has D’Angelo Russell’s $18.7 million expiring contract, which could be used to ease LeBron and AD’s workload and improve a bench unit that ranks 27th in minutes played per game and continues to be an Achilles heel. This is the worst defensive team since LeBron’s first season with the Lakers in 2018, which opens the questions of whether L.A. should mirror Dallas’ approach to last year’s deadline, when the Mavs added P.J. Washington and Daniel Gafford in two separate trades for two first-rounders. Finally, if the Lakers’ struggles continue, do they approach LeBron about a move? James has a no-trade clause in his contract.
Off the board: LeBron James (no-trade clause), Anthony Davis ($43.2M, Player 2027) and Max Christie (Jan. 15. Signing restriction)
Players with trade value: Austin Reaves ($13M, Player 2026) and Rui Hachimura ($17M, UFA 2026)
Free agents in July: D’Angelo Russell ($18.7M, UFA), Jalen Hood-Schifino ($3.9M, UFA), Christian Wood ($3M, UFA), Jaxson Hayes ($2.5M, UFA), Cam Reddish ($2.5M, UFA)
Controllable contracts: Dalton Knecht ($3.8M, UFA 2028), Bronny James ($1.2M, Team 2027), Maxwell Lewis ($1.9M, Team 2026)
Long-term salary: Gabe Vincent ($11M, UFA 2026) and Jarred Vanderbilt ($10.7M, UFA 2028)
Draft capital: The Lakers owe Atlanta a 2025 unprotected first. Los Angeles will send a 2027 top-4 protected first to Utah. The Lakers are allowed to trade a maximum of three first-round picks — 2027 (if 1-4), 2029 and 2031. They also can trade their 2030 first but not combined with 2029 and 2031. Los Angeles also can trade the right to swap first-rounders in 2026, 2028, 2029, 2030 and 2031. The Lakers have four second-round picks available to trade.
Finances and restrictions: The Lakers are $17.4 million over the luxury tax and are projected to pay the highest penalty in franchise history at $53.2 million. The Lakers are $30K below the second apron and are not allowed to use more than 100% of the Traded Player Exception if the post-trade transactions leave them over the first or second apron. The Lakers also are not allowed to aggregate contracts sent in a trade if the salary leaves them over the second apron. Los Angeles cannot sign a player waived who had a pre-existing salary of $12.8 million or more. The Lakers will trigger the second apron if cash is sent in a trade.
The big question: Are some of their veterans expendable?
Marcus Smart has two years ($20.2 million and $20.6 million) on his contract. Is there a comfort level that Memphis can re-sign Jake LaRavia? Because his team option was declined, the maximum Memphis can offer in the first year is $5.1M. LaRavia is averaging career highs in minutes, field goal percentage and three-point percentage. Has the continued improvement of Santi Aldama upped his projected price point in RFA to something the Grizzlies are unable to match? What were they unwilling to pay during extension talks this past offseason, and are they willing to pay that now? Aldama has started in more than 10 games this season, and has led the team in rebounds per game. He also is averaging a career high in minutes (second highest on the team), FG%, and points. Has the play of Jay Huff, and the eventual return of GG Jackson II and Zach Edey, made Brandon Clarke expendable in the front court as a trade asset? Could John Konchar bring back a second-round pick in a trade?
Off the board: Scotty Pippen Jr. (Jan. 15, signing restriction), Huff (Jan. 28, signing restriction), Ja Morant ($36.7M, UFA 2028)
Players with trade value: Clarke ($12.5M, UFA 2027), Konchar ($6.2M, UFA 2027), Smart ($20.2M, UFA 2026)
Free agents in July: Luke Kennard ($9.3M, UFA), Aldama ($4M, RFA), LaRavia ($3.4M, UFA). Note: Kennard has a one-year Bird restriction and can veto any trade.
Controllable contracts: Edey ($5.8M, RFA 2028), Vince Williams Jr. ($2.1M, Team 2026), GG Jackson II ($1.9M, Team 2026), Jaylen Wells ($1.2M, Team 2027)
Long-term salary: Desmond Bane ($34M, UFA 2029), Jaren Jackson Jr. ($25.3M, UFA 2026)
Draft capital: The Grizzlies have their own first-round pick in the next seven years. Memphis has the right to swap its 2030 first for the less favorable of the Suns’ first and Wizards’ first. Memphis has five second-round picks available.
Finances and restrictions: Memphis is $1.8 million below the luxury tax. The Grizzlies have six exceptions available ($12.6M, $8.6M, $6.2M, $4.7M, $2.7M and $1.9M). Memphis is hard-capped at the first apron. The Grizzlies are $6 million below.
The big question: Should Miami start thinking about a soft retool around Bam Adebayo and Tyler Herro?
If there isn’t mutual interest in re-signing Jimmy Butler to a more team-friendly deal, what can the Heat get for Butler, who can walk away from any team that acquires him? Another veteran to watch in Miami is sharpshooter Duncan Robinson. Has he shown enough value in the starting lineup to justify him staying on the roster? Robinson has a partially guaranteed contract next season.
Off the board: Adebayo (Jan. 6, signing restriction), Haywood Highsmith (Jan. 15, signing restriction)
Players with trade value: Butler ($48.8M, Player 2025), Robinson ($19.4M, ETO 2025)
Free agents in July: Butler, Kevin Love ($3.9M, Player), Josh Richardson ($3.1M, UFA), Alec Burks ($2.1M, UFA)
Controllable contracts: Kel’el Ware ($4.2M, RFA 2028), Jaime Jaquez Jr. ($3.7M, RFA 2027), Nikola Jovic ($2.5M, RFA 2026), Pelle Larsson ($1.2M, Team 2026)
Long-term salary: Herro ($29M, UFA 2028), Terry Rozier ($24.9M, UFA 2026)
Draft capital: The Heat owe Oklahoma City a top-14 protected first-round pick in 2025. (The first is unprotected in 2026 if not conveyed in the prior season.) If it conveys in 2025, Miami will then send Charlotte a top-14 protected first in 2027. If that is not conveyed, the Hornets will receive a 2028 unprotected first. The earliest first-rounder Miami can trade is two years after the conditions to Charlotte have been met. The Heat can swap first-rounders in 2029, 2030 and 2031 and have three second-round picks available to trade.
Finances and restrictions: The Heat are $11.9 million over the luxury tax and projected to pay a $20.7 million penalty. Miami is a first-apron team and cannot use more than 100% of its Traded Player Exception. Miami is also not allowed to sign a player waived who had a pre-existing salary of $12.8 million or more. The Heat are $3.7 million below the second apron and are not allowed to aggregate contracts sent out if the post-trade salary leaves them over the second apron.
The big question: How does Khris Middleton’s return impact Milwaukee’s trade plans?
The Bucks had a plus-17.5 net rating when Giannis Antetokounmpo, Damian Lillard and Middleton shared the floor last season, second best among trios to play at least 600 minutes. Does the luxury of having sixth man of the year candidate Bobby Portis on the roster outweigh the value of what he could bring back in a trade? The Bucks are short on trade and draft capital (the only first- and second-round picks they have available to trade are in 2031), and Portis could opt out this summer to secure a longer-term contract. Besides Portis, Milwaukee is bottom heavy in salary with 11 players, starting with Pat Connaughton, earning $9.4 million or less.
Off the board: Antetokounmpo ($48.8M, Player 2027) and Lillard ($48.8M, Player 2026)
Players with trade value: Portis ($12.6M, Player) and Brook Lopez ($23M, UFA)
Free agents in July: Gary Trent Jr. ($2.1M, UFA), Taurean Prince ($2.1M, UFA), Delon Wright ($2.1M, UFA), Middleton ($31.7M, Player), Lopez, Portis, Connaughton ($9.4M, Player) and MarJon Beauchamp ($2.7M, UFA)
Controllable contracts: AJ Johnson ($2.8M, RFA 2027), Tyler Smith ($1.2M, Player 2027), AJ Green ($2.1M, UFA 2026), Chris Livingston ($2.4M, Team 2026) and Andre Jackson Jr. ($1.9M, Team 2026)
Draft capital: The Bucks owe a 2025 first to New Orleans (if top-4) or to Brooklyn (if 5-30), a 2027 first to New Orleans or Atlanta and a 2029 first to Portland. In addition, the Pelicans can swap first-rounders in 2026, while the Trail Blazers can swap first-rounders in 2028 and 2030. Milwaukee has one second-round pick available.
Finances and restrictions: Milwaukee is $23 million over the luxury tax and is projected to pay a $75 million penalty. The Bucks are a repeater tax team for the fourth consecutive season. Luxury tax rule changes this summer will force Milwaukee to pay a significantly higher penalty if the Bucks enter the tax for a fifth consecutive season. (They are a projected $11 million below.) Milwaukee is over the first (by $17.3 million) and second (by $6.5 million) aprons. The Bucks are not allowed to use more than 100% of the Traded Player Exception or aggregate contracts sent out. The Bucks are also not allowed to sign a player waived during the season who had a pre-existing salary in 2023-24 greater than $12.8 million. Because they are a second-apron team, Milwaukee is not allowed to send out cash in a trade. If the Bucks finish over the second apron this season, their 2032 first-round pick will become ineligible to be traded starting in July.
The big question: Does Minnesota have tough roster choices ahead?
Forwards Julius Randle and Naz Reid each have player options and can be free agents in July. If both opt in, the Timberwolves are at the luxury tax line in 2025-26. Has Rob Dillingham’s play made Nickeil Alexander-Walker or even Donte DiVincenzo expendable? Alexander-Walker is on a $4.3 million expiring contract, while DiVincenzo is shooting a career-worst percentage and has not fit in since he was acquired from New York. DiVincenzo is on a team-friendly contract for the next two seasons.
Off the board: Anthony Edwards ($42.2M, UFA 2029)
Players with trade value: Randle ($33.1M, Player), Reid ($11.5M, Player), Alexander-Walker ($4.3M, UFA 2025)
Free agents in July: Randle, Reid, Alexander-Walker, Luka Garza ($2.2M, Team), Joe Ingles ($2.1M, UFA), PJ Dozier ($2.1M, UFA). Note: Garza has a one-year Bird restriction and can veto any trade.
Controllable contracts: Dillingham ($6.3M, RFA 2028), Terrence Shannon Jr. ($2.6M, RFA 2028), Leonard Miller ($1.9M, Team 2026), Josh Minott ($2M, Team 2025)
Long-term salary: Rudy Gobert ($43.8M, Player 2027), Jaden McDaniels ($23M, UFA 2029), DiVincenzo ($11.5M, UFA 2027), Mike Conley ($10M, UFA 2026)
Draft capital: Minnesota has no control over its own first-round pick in six of the next seven years. The Timberwolves owe Utah their 2025 and 2027 unprotected first-round picks and will also send the Jazz a 2029 top-5 protected first. Utah also has the right to swap first-rounders in 2026. The Spurs have the right to swap first-rounders in 2030 and also will receive an unprotected first in 2031. Minnesota is allowed to trade the 2025 top-13 protected first (via Detroit) it received as part of the Karl-Anthony Towns trade, which is top-11 protected in 2026 and top-9 protected in 2027. The Wolves can swap their 2028 first-rounder but are not allowed to trade it. The Timberwolves have three second-round picks available to trade.
Finances and restrictions: Minnesota has a franchise-record $203.5 million payroll. The Timberwolves are projected to pay a $95.9 million tax penalty. They are a first- and second-apron team and are not allowed to use more than 100% of the Traded Player Exception and aggregate contracts sent out. Minnesota is also not allowed to send out cash or sign a player waived who had a pre-existing salary of $12.8 million or more.
The big question: If the right trade does not materialize, are the Pelicans willing to hold on to Brandon Ingram?
The answer to this question could center on how much patience New Orleans has left for its oft-injured star, Zion Williamson. The Pelicans could enter a soft rebuild and move both stars, which would open up several questions about how they choose to proceed. CJ McCollum could be too valuable to the younger players to move, but the team would have to figure out which players are expendable in a salary dump. The Pelicans are last in a loaded Western Conference, so a transition to a development stage in the second half of this season could be on the table.
Off the board: Trey Murphy III (poison pill restriction). Note: Murphy can still be traded but his incoming salary counts as $23.4 million and outgoing $5.1 million.
Players with trade value: Ingram ($36M, UFA 2025), Herbert Jones ($13M, UFA 2027), McCollum ($33.3M, UFA 2026)
Free agents in July: Ingram, Jeremiah Robinson-Earl ($2.2M, UFA), Daniel Theis ($2.1M, UFA), Javonte Green ($2.1M, UFA)
Controllable contracts: Jordan Hawkins ($4.5M, RFA 2027), Yves Missi ($3.2M, RFA 2028), Karlo Matkovic ($1.4M, RFA 2027), Antonio Reeves ($1.2M, Team 2026)
Long-term salary: Dejounte Murray ($29.5M, Player 2027), Williamson ($36.7M, UFA 2028), Jose Alvarado ($2M, Player 2026)
Draft capital: New Orleans owns all its first-round picks in the next seven years. The Pelicans have a first from Milwaukee in 2025 but only if the pick falls in the top-4. The least favorable of the Pelicans’ 2027 first-round pick and the Bucks’ first goes to Atlanta if the selection falls out of the top-4. The Pelicans have the right to swap first-rounders with the Bucks in 2026. New Orleans has three second-round picks available to trade.
Finances and restrictions: New Orleans is $1.4 million over the luxury tax. The team has never paid the tax in franchise history. The Pelicans have a $12.8M, $9.9M, $5.8M and $4.7M trade exception. New Orleans is hard-capped at the first apron. It is $3.8 million below the threshold.
The big question: Does a healthy Mitchell Robinson have more value on the court or in a trade?
Robinson would be a valuable trade asset if the Knicks were looking to improve their depth and feel comfortable with Precious Achiuwa starting at center. New York can also add a player waived after the trade deadline who had a pre-existing salary of $12.8 million or less starting Feb. 25. With the heavy minutes coach Tom Thibodeau plays his starters, two aspects need to be taken into account when answering that question: the Knicks’ lack of depth and their postseason aspirations. They aren’t built as a team meant just to compete in the regular season.
Off the board: Jalen Brunson (Jan. 12, signing restriction), OG Anunoby (Jan. 15, signing restriction), Achiuwa (Jan. 15, signing restriction), Matt Ryan (Feb. 5, signing restriction), Ariel Hukporti (Feb. 5, signing restriction)
Players with trade value: Robinson ($14.3M, UFA 2026), Miles McBride ($4.7M, UFA 2027)
Free agents in July: Cameron Payne ($2.1M, UFA), Jericho Sims ($2.1M, UFA)
Controllable contracts: Pacome Dadiet ($1.8M, RFA 2027), Tyler Kolek ($2.1M, Team 2027)
Long-term salary: Towns ($49.2M, Player 2027), Mikal Bridges ($23.3M, UFA 2026), Josh Hart ($18.1M, Team 2027)
Draft capital: The Knicks owe Brooklyn their 2025, 2027, 2029 and 2031 first-round picks. The Nets also have the right to swap first-rounders in 2028. New York does have its own 2026 and 2030 first-rounders, both of which cannot be traded but can be swapped. The Wizards owe New York a top-10 protected first in 2025, and New York has eight second-round picks available to use in a trade.
Finances and restrictions: New York is $17.5 million over the luxury tax and projected to pay a $36.3 million penalty. The Knicks are $580,872 below the second apron and cannot exceed the threshold. They cannot use more than 100% of the Traded Player Exception and cannot sign a player waived who had a pre-existing salary of $12.8 million or more.
The big question: Who makes OKC’s final roster spot?
The Thunder still have an option for the last spot on their roster and it could be Ajay Mitchell. Mitchell can have his two-way contract converted for up to three seasons. Beyond that, Alex Caruso is eligible for a four-year, $81 million extension beginning Saturday, a deal OKC should be comfortable doing after he has helped the Thunder to the best defense in the league.
Off the board: Shai Gilgeous-Alexander ($35.9M, UFA 2027), Isaiah Joe (Jan. 15, signing restriction), Aaron Wiggins (Jan. 15, signing restriction), Branden Carlson (Feb. 16)
Players with trade value: Kenrich Williams ($6.7M, Team 2026), Ousmane Dieng ($5M, UFA 2026)
Free agents in July: Caruso ($9.9M, UFA), Jaylin Williams ($2M, Team)
Controllable contracts: Chet Holmgren $10.9M, RFA 2026), Jalen Williams ($4.8M, RFA 2026), Cason Wallace ($5.6M, RFA 2027), Nikola Topic ($4.9M, RFA 2028), Dillon Jones ($2.6M, RFA 2028)
Long-term salary: Isaiah Hartenstein ($30M, Team 2026), Luguentz Dort ($16.5M, Team 2026)
Draft capital: The Thunder have their own first-round picks in the next seven years and the possibility of an additional six first-rounders. In 2025, the Thunder have a top-10 protected first from Utah, top-14 protected first from Miami and top-6 protected first from Philadelphia. OKC can also swap first-rounders with the Clippers and Rockets (if 11-30), while the Heat first is unprotected in 2026 if not conveyed in the prior season. The least favorable of their own, the Rockets (if 5-30) and Clippers will go to Philadelphia in 2026. The 76ers’ first is top-4 protected first in 2027 if not conveyed in 2025 or 2026, and the Thunder can also swap first-rounders with the Clippers in 2027 and Mavericks in 2028.
Oklahoma City will receive a top-5 protected first from Denver in 2027, 2028 or 2029. If the first is conveyed in 2027, Oklahoma City will receive a 2029 top-5 protected first from the Nuggets. The pick is top-5 protected in 2030 if not conveyed in 2027. The Thunder have 16 second-round picks available to use in a trade.
Finances and restrictions: The Thunder are $9.5 million below the luxury tax. They have an $8 million exception. They are hard capped at the first apron and are $15.3 million below the luxury tax.
The big question: Who is the odd man out to create a roster spot for a player bought out or traded?
Orlando has 12 players who have averaged at least 10 minutes per game this season — the only three who have not are Cole Anthony, Caleb Houstan and Cory Joseph. Anthony could have trade value after he signed a three-year, $39 million extension last season. Gary Harris is another potential trade target for teams due to his ability to shoot, but his injury history could concern interested teams.
Off the board: Franz Wagner (poison pill restriction), Jalen Suggs (poison pill restriction), Jonathan Isaac (Jan. 6, signing restriction), Goga Bitadze (Jan. 15, signing restriction), Wendell Carter Jr. (Apr. 7, signing restriction), Paolo Banchero ($12.2M, RFA 2026). Note: Wagner and Suggs are trade-eligible but difficult to include in a deal. The Wagner incoming salary counts as $36.7 million and outgoing $7 million. Suggs’ incoming salary counts as $26.6 million and outgoing $9.2 million.
Players with trade value: Moritz Wagner ($11M, Team 2025), Harris ($7.5M, Team 2025)
Free agents in July: Wagner, Harris, Joseph ($3.3M, Team), Houstan ($2M, Team)
Controllable contracts: Anthony Black ($7.6M, RFA 2027), Jett Howard ($5.3M, RFA 2027), Tristan da Silva ($3.6M, RFA 2028)
Long-term salary: Kentavious Caldwell-Pope ($22.8M, Player 2026), Anthony ($12.9M, Team 2026)
Draft capital: The Magic have their own first-round picks in the next seven drafts. Orlando will receive a 2025 top-5 protected first from Denver, which is top-5 protected in 2026 and 2027. Orlando has the right to swap its 2026 first for the less favorable of the Suns’ and Wizards’ pick. The Magic have 12 second-round picks available to trade.
Finances and restrictions: The Magic are $20.5 million below the luxury tax. They have an $8 million exception available.
Philadelphia 76ers
The big question: Has there been enough time to evaluate this team before making any drastic moves?
If the 76ers decide to make changes, Caleb Martin and Kelly Oubre Jr. could be expendable, especially with the recent play of second-year guard Ricky Council IV. The team cannot take back more money in a trade but could combine the contracts of Martin, Oubre, Andre Drummond and KJ Martin for a combined $29 million. The team might be in the market for a shot creator with its open spot as well if it feels the core isn’t enough. Other teams could be interested in Kyle Lowry’s championship experience.
Off the board: Tyrese Maxey (Jan. 15, signing restriction), Martin (Jan. 15, signing restriction), Joel Embiid (Mar. 19, signing restriction)
Players with trade value: Jared McCain ($4M, RFA 2028)
Free agents in July: Oubre ($8M, Player), Andre Drummond ($5M, Player), Eric Gordon ($3.3M, Player), Lowry ($2.1M, UFA), Guerschon Yabusele ($2.1M, UFA), Reggie Jackson ($2.1M, UFA). Note: Lowry has a one-year Bird restriction and veto power on any trade.
Controllable contracts: Adem Bona ($1.2M, Team 2027), Council ($1.9M, Team 2026)
Long-term salary: Paul George ($49.2M, Player 2027), Martin ($8.2M, Player 2027)
Draft capital: The 76ers will send Oklahoma City a top-6 protected first in 2025 (top-4 protected in 2026). Two years after the first to the Thunder is conveyed, Brooklyn will receive a top-8 protected first from Philadelphia — the pick is top-8 protected the following season if not conveyed in the prior year. In 2026, Philadelphia has the least favorable first from Oklahoma City, Houston (if 5-30) and the LA Clippers. The 76ers have an unprotected first from the Clippers in 2028 and the right to swap first-rounders in 2029 (if 4-30) — they can swap their own first in 2029 and 2030. The 76ers have six second-round picks available to use in a trade.
Finances and restrictions: The 76ers’ roster is top heavy with 11 players earning $8 million or less. They are $10.4 million over the luxury tax and projected to pay a $16.9 million penalty. The 76ers are $5.9 million below the second apron. They are not allowed to sign a player waived who had a pre-existing salary of $12.8 million or more and cannot take back more money in a trade.
The big question: What could Grayson Allen, Josh Okogie or Jusuf Nurkic with a 2031 first-round pick bring back?
The Suns are hampered by being over the second apron so they cannot combine contracts of three players. Allen is a possible piece to move but could be too valuable given Bradley Beal’s durability issues. The emergence of Oso Ighodaro has made Nurkic expendable, while Okogie has an inflated $8.3 million salary this season ahead of a non-guaranteed contract next season.
Off the board: Kevin Durant ($51.2M, UFA 2026), Beal (no-trade clause), Devin Booker ($49.2M, UFA 2028), Okogie (Jan. 15, signing restriction)
Players with trade value: Okogie ($8.3M, UFA 2026), Allen ($15.6M, Player 2027)
Free agents in July: Tyus Jones ($2.1M, UFA), Bol Bol ($2.1M, UFA), Mason Plumlee ($2.1M, UFA), Damion Lee ($2.1M, UFA), Monte Morris ($2.1M, UFA). Note: Lee and Bol have a one-year Bird restriction and can veto any trade.
Controllable contracts: Ryan Dunn ($2.5M, UFA 2028), Ighodaro ($1.2M, Team 2027)
Long-term salary: Nurkic ($18.1M, UFA 2026), Royce O’Neale ($9.4M, UFA 2028)
Draft capital: Phoenix has no control of its own first until 2031, which is the only year when the Suns can trade a first or swap. The Suns owe Brooklyn or Houston their first in 2025 and 2029, and the Wizards also have the right to swap first-rounders in 2026 (if 9-30), 2028 (if 9-30) and 2030. Orlando then has the right to swap its 2026 first with the less favorable first-round pick between Phoenix and Washington. The Suns’ 2027 first is in the hands of Houston, and Brooklyn has the right to swap first-rounders with Phoenix in 2028. The Wizards then have the right to swap the least favorable of the Nets’, Suns’ and 76ers’ first in 2028, and Memphis has the right to swap the less favorable first-rounders of Phoenix and Washington in 2030. Phoenix has three second-round picks available to trade.
Finances and restrictions: The Suns are projected to pay a combined $442 million in salary and luxury tax, the largest in NBA history. The Suns are over the second apron, meaning they are not allowed to use more than 100% of the Traded Player Exception, aggregate contracts sent out, sign a waived player who had a salary of at least $12.8 million, or send out cash in deals.
The big question: How far will Portland lean into its youth movement?
The development of Donovan Clingan and return of Robert Williams III could mean Deandre Ayton’s NBA future is somewhere other than Portland. The same goes for Jerami Grant, Matisse Thybulle and Anfernee Simons if there is an opportunity for draft capital in return. If Portland transitions to a full development stage in the second half of the season, the Blazers could lean on Duop Reath, who showed flashes at center during his rookie season last year. The Blazers owe Chicago a top-14 protected first-round pick with the pick’s protection extending to 2028. The franchise also has seven second-round picks available. If players are moved, what steps do they take to reach the point where the front office can build a team with more defined roles on the court?
Off the board: None
Players with trade value: Grant ($29.8M, Player 2027), Simons ($25.8M, UFA 2026), Williams ($12.4M, UFA 2026)
Free agents in July: Thybulle ($11M, Player), Jabari Walker ($2M, RFA), Rayan Rupert ($1.9M, Team), Dalano Banton ($2.2M, UFA)
Controllable contracts: Scoot Henderson ($10.3M, RFA 2027), Shaedon Sharpe ($6.6M, RFA 2026), Clingan ($6.8M, RFA 2028), Kris Murray ($3M, RFA 2027), Reath ($2M, RFA 2026), Toumani Camara ($1.9M, Team 2026)
Long-term salary: Ayton ($34M, UFA 2026), Deni Avdija ($15.6M, UFA 2028),
Draft capital: The Blazers owe Chicago a top-14 protected first-round pick with the pick’s protection extending to 2028. They have the 2029 most and least favorable first of their own, Boston and Milwaukee and have the right to swap first-rounders with Milwaukee in 2028 and 2030. The swap rights in 2028 are extinguished if the Trail Blazers send Chicago their first in that year. The Blazers have seven second-round picks available.
Finances and restrictions: The Trail Blazers are $3.7 million below the luxury tax. Portland has three exceptions ($12.8M, $6.9M, $4.7M)
The big question: Can any players on the market help Sacramento find an identity before the end of the season?
The Kings are above average on offense (7th) and defense (13th), but they have struggled to be great at either end of the floor. Keegan Murray has been inconsistent, shooting a career-low 41.4% from the field and 27.8% on 3-pointers, and DeMar DeRozan hasn’t hit his stride with the team. The Kings are also struggling in clutch scenarios so adding a defensive-minded forward or wing capable of closing out games could be key for the Kings’ second-half push. Despite a slow start, Kevin Huerter could have value if the Kings are looking to move pieces.
Off the board: Malik Monk (Jan. 15, signing restriction), Doug McDermott (Jan. 16, signing restriction), Jae Crowder (Feb. 27)
Players with trade value: Murray ($8.8M, RFA 2026), Trey Lyles ($8M, UFA 2024), Keon Ellis ($2.1M, Team 2025)
Free agents in July: Lyles, Ellis, Alex Len ($2.1M, UFA), Jordan McLaughlin ($2.1M, UFA), Orlando Robinson ($2.1M, UFA)
Controllable contracts: Devin Carter ($4.7M, RFA 2028), Colby Jones ($2.1M, Team 2026)
Long-term salary: Domantas Sabonis ($40.5M, UFA 2028), DeRozan ($23.4M, UFA 2027), De’Aaron Fox ($34.8M, UFA 2026), Huerter ($16.8M, UFA 2026)
Draft capital: The Kings will send Atlanta a top-12 protected in 2025 and top-10 protected in 2026. They are allowed to trade their own first-round pick two years after the pick to Atlanta is conveyed and can swap their own first in 2027, 2028, 2029 and 2030. The Spurs have the right to swap first-rounders in 2031. Sacramento has two second-round picks available to use in a trade.
Finances and restrictions: Sacramento is $2.1 million below the luxury tax. The Kings have four exceptions ($12.8M, $6.3M, $4.7M, $4.7M) and are hard-capped at the first apron. They are $5.9 million below.
The big question: Will the Spurs compete for a play-in spot or prioritize building for the future?
If the answer is the latter, San Antonio could accumulate draft assets by exploring deals for veterans Chris Paul and Harrison Barnes. The franchise must consider the message this sends to Victor Wembanyama and the other players if it chooses this direction. The emergence of rookie Stephon Castle also puts Tre Jones’ future with the franchise into question — he’s averaging 3.7 points over 18 minutes per game this season.
Off the board: Wembanyama ($12.8M, RFA 2027)
Players with trade value: Paul ($10.5M, UFA 2025), Barnes ($18M, UFA 2026), Jones ($9.1M, UFA 2025)
Free agents in July: Paul, Jones, Charles Bassey ($2.1M, UFA), Sandro Mamukelashvili ($2.1M, UFA)
Controllable contracts: Castle ($9.1M, RFA 2028), Jeremy Sochan ($5.6M, RFA 2026), Blake Wesley ($2.6M, RFA 2026), Malaki Branham ($3.2M, RFA 2026), Sidy Cissoko ($1.9M, RFA 2026), Julian Champagnie ($3M, Team 2026)
Long-term salary: Devin Vassell ($29.4M, UFA 2029), Keldon Johnson ($19M, UFA 2027), Zach Collins ($16.7M, UFA 2026)
Draft capital: The Spurs have their own first-round pick in the next seven years and an additional five from different trades. The Hornets owe them a first-round pick that is top-14 protected in 2025 and the Hawks will send their unprotected first-rounders in 2025 and 2027 — San Antonio has the right to swap first-rounders with Atlanta in 2026. The Spurs will receive a top-10 protected pick from Chicago in 2025 that is top-8 protected in 2026 and 2027. In 2028, the Spurs have the right to swap first-rounders with Boston (top-1 protected) and they also have the right to swap first-rounders with Dallas or Minnesota (if 2-30) in 2030. The Timberwolves will send their 2031 unprotected first to San Antonio, which has the right to swap first-rounders with Sacramento in 2031. The Spurs have 17 second-round picks available to use in a trade.
Finances and restrictions: San Antonio is $21 million below the luxury tax and has a $3.2M exception.
The big question: Can the Raptors take advantage of being a third team in a multi-team deal?
Since Toronto is $10 million below the luxury and had a $12.8 million non-tax level exception available, it’s in a financial position to take back salary stretching into next season. If there are no deals to their liking, the Raptors could move Bruce Brown, who hasn’t played this season due to injury and has an expiring $23 million contract. Jakob Poeltl is also a name to watch. He might not fit into the Raptors’ rebuild at 29 years old and is on a manageable contract while having a career season.
Off the board: Immanuel Quickley (Jan. 15, signing restriction), Scottie Barnes (poison pill restriction). Note: Barnes can still be traded but his incoming salary counts as $37.2 million and outgoing $10.1 million.
Players with trade value: Kelly Olynyk ($12.8, UFA 2026), Brown ($23M, UFA 2025), Poeltl ($19.5M, UFA 2027)
Free agents in July: Brown, Chris Boucher ($10.8M, UFA), Garrett Temple ($2.1M, UFA), Bruno Fernando ($2.1M, UFA), Davion Mitchell ($6.5M, RFA)
Controllable contracts: Ochai Agbaji ($4.3M, RFA 2026), Gradey Dick ($4.8M, RFA 2027), Ja’Kobe Walter ($3.5M, RFA 2028), Jonathan Mogbo ($1.9M, Team 2026), Jamal Shead ($1.9M, Team 2026)
Long-term salary: RJ Barrett ($25.8M, UFA 2027)
Draft capital: The Raptors have their own first in the next seven years. They have a 2026 top-4 protected first from Indiana, which is top-4 protected in 2027 if not conveyed the prior season. Toronto has seven second-round picks available to trade.
Finances and restrictions: The Raptors are $9.3 million below the luxury tax. They have four trade exceptions ($12.8M, $5.1M, $1.6M, $1.4M). They are hard-capped at the first apron. They are $10.5 million below.
The big question: How much value on the court and in the locker room do Utah’s veterans have?
A first-round pick in a deal for Collin Sexton, who is shooting a career-high 41.9% from 3, would be enticing for Utah. John Collins and Jordan Clarkson have player options for next season. The Jazz own 13 first-round picks, including five unprotected picks from Cleveland and Minnesota.
Off the board: Johnny Juzang (Jan. 15, signing restriction), Lauri Markkanen (Feb. 7, signing restriction)
Players with trade value: Sexton ($18.4M, UFA 2026), Clarkson ($14.1M, UFA 2026), Drew Eubanks ($5M, UFA 2026), Walker Kessler ($3M, RFA 2026)
Free agents in July: Collins ($26.6M, Player), Patty Mills ($2.1M, UFA)
Controllable contracts: Taylor Hendricks ($5.8M, RFA 2027), Cody Williams ($5.5M, RFA 2028), Keyonte George ($4.1M, RFA 2027), Svi Mykhailiuk ($3.5M, UFA 2028), Kyle Filipowski ($3M, Team 2027), Brice Sensabaugh ($2.6M, UFA 2027), Isaiah Collier ($2.5M, RFA 2028)
Long-term salary: None
Draft capital: The Jazz own 13 first-round picks, including a combined five unprotected first-rounders (two in 2025, two in 2027, and 2029) from Cleveland and Minnesota, that also will send a top-5 protected first in 2029. The Jazz have a top-5 protected 2027 first from the Lakers and can swap a first with Minnesota or Cleveland in 2026 (if in the top-8) and with Cleveland in 2028. The Jazz owe Oklahoma City a top-10 protected first in 2024 (top-10 protected in 2025, top-8 in 2026). Utah has three second-round picks available to use in a trade.
Finances and restrictions: Utah is $27.1 million below the luxury tax and has an $8 million exception.
The big question: How much do the Wizards prioritize financial flexibility next summer?
Washington will have to weigh its options with how much money it can take in on trades, similar to what it did in acquiring Marvin Bagley III. Jonas Valanciunas and Malcolm Brogdon, who is on an expiring $22.5M contract and could be on the move ahead of the trade deadline. In Brogdon’s case, if he isn’t traded and the Wizards are looking for financial flexibility, they could entertain a buyout. Kyle Kuzma is also a key piece in Washington, either through a trade or on the court.
Off the board: Bilal Coulibaly ($6.9M, RFA 2027)
Players with trade value: Brogdon ($22.5M, UFA 2025), Valanciunas ($9.9M, UFA 2027)
Free agents in July: Brogdon, Bagley ($12.5M, UFA), Johnny Davis ($6.5M, UFA), Patrick Baldwin Jr. ($2.5M, UFA 2025)
Controllable contracts: Richaun Holmes ($12.7M, UFA 2026), Alexandre Sarr ($11.2M, RFA 2028), Carlton Carrington ($4.5M, RFA 2028), Kyshawn George ($2.8M, RFA 2028), Baldwin, Anthony Gill ($2.2M, UFA 2026)
Long-term salary: Jordan Poole ($29.7M, UFA 2027), Kuzma ($23.5M, UFA 2027), Corey Kispert ($5.7M, Team 2028), Saddiq Bey ($6.4M, UFA 2027). Note: Kispert can still be traded but his incoming salary counts as $11.9 million and outgoing $5.7 million.
Draft capital: The Wizards owe New York a first-round pick that is top-10 protected in 2025 and top-8 protected in 2026. They have the right to swap first-rounders with the Suns in 2026, 2028 and 2030 and have the second most favorable 2029 first of Boston, Milwaukee and Portland. The Warriors will send a top-20 protected first to Washington in 2030. The Wizards have 17 second-round picks available.
Finances and restrictions: Washington is $11.9 million below the luxury tax and has four exceptions ($12.8M, $12.4M, $4.7M, $3.5M). The Wizards are hard-capped at the first apron. They are $11.6 million below.
Source: espn.com