As we did with last year’s offseason trades and the in-season swaps from 2024/25, Hoops Rumors will be keeping track of all of the trades made this offseason, right up until the start of the 2025/26 season, updating this post with each transaction.
Trades are listed here in reverse chronological order, with the latest on top. So, if a player has been traded multiple times, the first team listed as having acquired him is the one that ended up with him. If a trade has not yet been formally finalized, it will be listed in italics. The terms or structures of those deals could still change before they’re officially completed.
For our full story on each trade, click on the date above it. For more information on the specific conditions dictating if and when draft picks involved in these deals will actually change hands, be sure to check out RealGM.com’s breakdown of the details on traded picks.
We’ll continue to update this list with the latest specific details on picks and other compensation, as they’re reported.
Here’s the full list of the NBA’s 2025 offseason trades:
2025/26 League Year
- Hawks to acquire Kristaps Porzingis and a second-round pick (from Celtics; exact details TBD).
- Celtics to acquire Georges Niang and the Cavaliers’ 2031 second-round pick (from Hawks).
- Nets to acquire Terance Mann and the draft rights to Drake Powell (No. 22 pick).
- Pelicans to acquire Jordan Poole, Saddiq Bey, and the draft rights to Micah Peavy (No. 40 pick).
- Wizards to acquire CJ McCollum, Kelly Olynyk, and the Bulls’ 2027 second-round pick.
- Note: The Wizards already controlled the Bulls’ 2027 second-round pick if it landed between 31-50. Now they’ll receive it no matter where it ends up.
- Trail Blazers to acquire Jrue Holiday.
- Celtics to acquire Anfernee Simons, the Knicks’ 2030 second-round pick, and the Trail Blazers’ 2031 second-round pick.
- Warriors to acquire the draft rights to Will Richard (No. 56 pick).
- Grizzlies to acquire the draft rights to Jahmai Mashack (No. 59 pick), the Warriors’ 2032 second-round pick (top-50 protected), and the draft rights to Justinian Jessup.
- Lakers to acquire the draft rights to Adou Thiero (No. 36 pick).
- Timberwolves to acquire the draft rights to Rocco Zikarsky (No. 45 pick) and cash.
- Suns to acquire the draft rights to Rasheer Fleming (No. 31 pick).
- Timberwolves to acquire the draft rights to Adou Thiero (No. 36 pick), either the Warriors’ or Nuggets’ 2026 second-round pick (whichever is least favorable), and either the Suns’ or Rockets’ 2032 second-round pick (whichever is most favorable).
- Suns to acquire the draft rights to Koby Brea (No. 41 pick).
- Warriors to acquire the draft rights to Alex Toohey (No. 52 pick) and the draft rights to Jahmai Mashack (No. 59 pick).
- Suns to acquire the draft rights to Adou Thiero (No. 36 pick).
- Nets to acquire either the Clippers’ 2026 second-round pick or the most favorable of the Celtics’, Pacers’, and Heat’s 2026 second-round picks (whichever is least favorable) and the Celtics’ 2030 second-round pick.
- Rockets to acquire Kevin Durant.
- Suns to acquire Jalen Green, Dillon Brooks, the draft rights to Khaman Maluach (No. 10 pick), the draft rights to Jahmai Mashack (No. 59 pick), either the Clippers’ 2026 second-round pick or the most favorable of the Celtics’, Pacers’, and Heat’s 2026 second-round picks (whichever is least favorable), another 2026 second-round pick (exact details TBD), the Celtics’ 2030 second-round pick, and the Rockets’ 2032 second-round pick.
- Pacers to acquire the draft rights to Kameron Jones (No. 38 pick).
- Spurs to acquire the Kings’ 2030 second-round pick and cash.
2024/25 League Year
- Lakers to acquire the draft rights to Rocco Zikarsky (No. 45 pick).
- Bulls to acquire the draft rights to Lachlan Olbrich (No. 55 pick) in the 2025 draft and cash.
- Suns to acquire Mark Williams and either the Warriors’ or Nuggets’ 2026 second-round pick (whichever is most favorable).
- Hornets to acquire Vasilije Micic, the draft rights to Liam McNeeley (No. 29 pick), either the Timberwolves’ (top-five protected), Cavaliers’, or Jazz’s 2029 first-round pick (whichever is least favorable), and either the Warriors’ or Nuggets’ 2026 second-round pick (whichever is least favorable).
- Clippers acquire the draft rights to Kobe Sanders (No. 50 pick).
- Knicks acquire the draft rights to Mohamed Diawara (No. 51 pick) and the draft rights to Luka Mitrovic.
- Magic acquire the draft rights to Noah Penda (No. 32 pick).
- Celtics acquire the draft rights to Amari Williams (No. 46 pick), the draft rights to Max Shulga (No. 57 pick), either the Pistons’, Bucks’, or Magic’s 2026 second-round pick (whichever is most favorable), and either the Celtics’ or Magic’s 2027 second-round pick (whichever is most favorable).
- Note: The Celtics had traded their 2027 second-round pick to the Magic in a previous deal.
- Jazz acquire the draft rights to Walter Clayton Jr. (No. 18 pick).
- Wizards acquire the draft rights to Will Riley (No. 21 pick), the No. 43 pick in the 2025 draft, a 2031 second-round pick (exact details TBD), and the Jazz’s 2032 second-round pick.
- Kings acquire the draft rights to Nique Clifford (No. 24 pick).
- Thunder acquire the Spurs’ 2027 first-round pick (top-16 protected).
- Grizzlies acquire the draft rights to Cedric Coward (No. 11 pick).
- Trail Blazers acquire the draft rights to Hansen Yang (No. 16 pick), the Magic’s 2028 first-round pick, the Hawks’ 2027 second-round pick, and the Kings’ 2028 second-round pick.
- Pelicans acquire the draft rights to Derik Queen (No. 13 pick).
- Hawks acquire the draft rights to Asa Newell (No. 23 pick) and either the Pelicans’ or Bucks’ 2026 first-round pick (whichever is more favorable).
- Pelicans acquire the No. 23 pick in the 2025 draft and the draft rights to Mojave King.
- Pacers acquire the Pacers’ 2026 first-round pick.
- Note: The Pelicans had acquired the Pacers’ 2026 first-round pick (with top-four protection) in a previous trade; the Pacers got it back in this deal.
- Magic acquire Desmond Bane.
- Grizzlies acquire Kentavious Caldwell-Pope, Cole Anthony, the No. 16 pick in the 2025 draft, the Magic’s 2026 first-round pick (with swap rights; details below), the Magic’s 2028 first-round pick, the Magic’s 2030 first-round pick, and the right to swap first-round picks with the Magic in 2029 (top-two protected).
- Note: The Grizzlies will have the ability to swap the Magic’s 2026 first-round pick for the Suns’ 2026 pick (if the Wizards’ first-rounder lands outside of the top eight) or for the least favorable of the Suns’ and Wizards’ 2026 picks (if the Wizards’ first-rounder lands in the top eight).
I don’t remember the Wizards trading a top 8 pick in 2026. Can someone explain to me how it came to be that if, for example, the Suns end up with the 4th pick and the Wizards with the 6th pick again, that that pick (protected in the Suns trade)would end up in Memphis via Orlando?
The Wizards have swap rights with the Suns, but still owe a first-round pick to New York — that pick they owe is top-eight protected.
So if the Wizards’ 2026 pick lands outside the top eight, it would be sent to the Knicks and the Wizards’ swap rights would be nullified. If it’s in the top eight, they’d keep it with the option of swapping for Phoenix’s pick.
In the scenario you described, the Wizards would get the Suns’ pick at No. 4, with the Grizzlies getting the Wizards’ pick at No. 6.
Thank you! These swaps have gotten very difficult to keep track of.
There’s an extra layer of confusion on this one too because the Grizzlies already had swap rights on the least favorable pick of the Wizards (if in top 8)/Suns/Magic. Now they’ll get one of those picks outright and still have the ability to swap for another. So there’s a scenario in which they could end up with both the Magic AND Suns first-rounders next year.
Briefly thought about getting into that in the breakdown above, but it’s sort of a separate detail that wasn’t really part of the Bane trade, so no need to get too into the weeds.
So its basically Memphis getting the cake and eating it too?
You would do well on the SATs
Thanks for having the clearest trade details out there. I’m sure there’s a lot of sources to comb through on some of these.