NBA trade deadline 2025: Latest deals, news, reports

Who else could be on the move between now and the trade deadline? We’ll have the latest reports and news from our NBA Insiders from around the league.

MORE: Trade tracker | Trade grades | Outlook for all 30 teams

Jan. 14

2:12 p.m. ET: With the league’s best record, the Cleveland Cavaliers will be among the heavy favorites to reach the NBA Finals. That could also bode well for attracting players down the road.

“I’ve had multiple agents tell me that players want to play in Cleveland,” NBA insider Brian Windhorst said on 850 AM ESPN Cleveland.

Windhorst added that part of the reasoning is because Cavaliers owner Dan Gilbert is willing to pay, as well as the way the team is currently playing.

Under first-year head coach Kenny Atkinson, the team is just the 10th team in NBA history to start 33-5 or better — and the first since the 73-win 2015-16 Golden State Warriors.

12:20 p.m. ET: Disgruntled Miami Heat star Jimmy Butler reiterated to team president Pat Riley in a face-to-face meeting last week that he wants to be traded, league sources told ESPN’s Shams Charania.

Butler told Riley that he does not plan to opt into his $52 million contract for 2025-26 with the Heat in the offseason and will not sign a new deal in Miami, sources said.

Jan. 13

11:59 p.m. ET: Golden State Warriors guard Stephen Curry wants to see the slumping team get better but not at the expense of making a “desperate” move that would “deplete the future” for the franchise.

The Warriors fell under .500 for the first time all season with a 104-101 loss to the Toronto Raptors at Scotiabank Arena on Monday, but Curry echoed a season-long sentiment that the team should not make any rash decisions in trades — especially if they have to surrender young players or draft picks.

Jan. 8

7:42 a.m. ET: Phoenix Suns guard Bradley Beal has had no discussions about waiving his no-trade clause, Mark Bartelstein, Beal’s agent, told ESPN’s Brian Windhorst. “Bradley’s total focus is on helping the Suns turn things around,” Bartelstein said.

Phoenix has been linked to Jimmy Butler after the Heat suspended him last week, but the Suns, who are restricted in the trade market due to their status as a second-apron team, would have no functional way to acquire Butler without Beal’s involvement in a deal.

Jan. 7

10:59 a.m. ET: ESPN senior writer Brian Windhorst said the Miami Heat are preparing for the standoff with Jimmy Butler to go past his seven-game suspension because the trade offers for the six-time All-Star “stink.”

“There’s only one team that is ready to pay Jimmy Butler exactly what he wants, and that’s the Phoenix Suns,” Windhorst said on “First Take” before adding that it’s also the team that would have the hardest time bringing him in.

A move to Phoenix for Butler would likely require Suns guard Bradley Beal to waive his no-trade clause. When asked if his new role off the bench had something to do with the trade rumors, Beal says he has not heard anything from the team.

“If so, I need to be addressed because I hold the cards,” he told reporters after his 25-point performance in Monday’s win over the 76ers. “Until I’m addressed and somebody says something different, then I’ll be a Sun.”

Jan. 6

4:37 p.m. ET: Bradley Beal will come off the bench for the Phoenix Suns as the team tries to get back into the playoff mix. Could that signal a potential move in Phoenix ahead of the trade deadline?

Speaking on “NBA Today,” ESPN senior writer Ramona Shelburne said the new role for Bradley (along with Jusuf Nurkic) is about getting the Suns back on track amid a four-game losing streak. After starting the season 8-1, the Suns have struggled and are now 12th in the Western Conference, outside of the play-in spots.

“I know people are going to connect this to [the Suns’] pursuit of Jimmy Butler, but … this is really about trying to spark some better play, they’ve been losing a lot lately,” Shelburne said.

Phoenix was listed as one of Butler’s preferred spots if he gets traded by the Miami Heat, but any deal with the Suns could require them to move Beal, who is making $50 million this season and has a no-trade clause.

Jan. 3

4:30 p.m. ET: If the Miami Heat aren’t able to find a suitable trade situation for Jimmy Butler, does the team have any other options?

ESPN insider Bobby Marks detailed on “NBA Today” how the team could lean on a unique circumstances clause in the player participation policy to keep Butler away from the team until a solution is found.

“You can send him home, he can collect the rest of his $48.8 million, and when we get to this offseason if there is not a trade by Feb. 6, [Miami can] revisit this, whether it’s Butler opting in and working out a trade, or as he said, becoming a free agent and looking at his options elsewhere,” Marks said.

Butler has a player option for next season for $52 million.

Jan. 2

11:14 p.m. ET: Jimmy Butler has indicated to the Miami Heat that he wants the team to trade him, league sources told ESPN’s Shams Charania and Brian Windhorst.

The six-time NBA All-Star does not plan to furnish the Heat with a list of favored destinations, sources told ESPN. Butler is open to playing anywhere other than Miami and believes he can make any team a contender. He plans to take part in all Heat activities and do whatever the team asks of him during this process, sources added.

Last week, following an ESPN report Dec. 25 that Butler preferred a trade and had the Phoenix Suns, Golden State Warriors, Houston Rockets and Dallas Mavericks atop his ideal destinations, team president Pat Riley issued a statement that said, in part: “We will make it clear — We are not trading Jimmy Butler.”

Now in his sixth season in Miami, Butler has led the Heat to two NBA Finals berths and one additional Eastern Conference finals appearance.

Dec. 29

12:12 p.m. ET: The Los Angeles Lakers are trading D’Angelo Russell, Maxwell Lewis and three second-round picks to the Brooklyn Nets for Dorian Finney-Smith and Shake Milton, sources told ESPN’s Shams Charania.

It’s a return to Brooklyn for Russell, where he played for the 2017-18 and 2018-19 seasons, when he earned his only All-Star selection. The deal also marks the end of Russell’s second stint with the Lakers, who drafted him in 2015 with the No. 2 overall pick before trading him to the Nets in 2017.

Dec. 26

2:02 p.m. ET: The Miami Heat have no plans to trade Jimmy Butler, team president Pat Riley said Thursday.

“We usually don’t comment on rumors, but all this speculation has become a distraction to the team and is not fair to the players and coaches. Therefore, we will make it clear — we are not trading Jimmy Butler,” Riley said in a statement.

Riley’s statement comes a day after league sources told ESPN’s Shams Charania that six-time All-Star Butler prefers a trade out of Miami ahead of the Feb. 6 deadline. Butler is open to trade destinations such as the Phoenix Suns, Golden State Warriors, Dallas Mavericks and Houston Rockets, league sources told Charania.

Dec. 25

10:59 a.m. ET: Miami Heat star Jimmy Butler would prefer a trade out of Miami before the February 6 deadline, sources told ESPN’s Shams Charania. While Butler has not formally requested a trade, both sides appear to be ready to move on and the six-time All-Star would like to be traded to either the Dallas Mavericks, Golden State Warriors, Phoenix Suns or Houston Rockets, sources said.

Dec. 22

6:18 p.m. ET: Oklahoma City Thunder guard Alex Caruso has agreed to a four-year, $81 million contract extension through the 2028-29 season, his agent Greg Lawrence of Wasserman told ESPN’s Shams Charania on Sunday. The deal keeps the two-time NBA All-Defensive Team selection from becoming a free agent.

5:30 p.m. ET: The New York Knicks signed guard Landry Shamet, providing coach Tom Thibodeau’s squad with veteran depth off the bench.

Shamet had signed on with the Knicks in September but was waived after suffering a dislocated shoulder in a preseason game. He played over the past week for the Knicks’ G League affiliate but now joins the main roster.

Thibodeau spoke highly of the guard multiple times throughout training camp, highlighting the ways he would fit in with the club.

Dec. 19

4 p.m. ET: After ESPN insider Bobby Marks released his All-Trade Buzz team, fellow NBA experts Tim Bontemps and Brian Windhorst discussed the futures of two players on the 10-man list: Zach LaVine and D’Angelo Russell.

Speaking on NBA Today, Bontemps said he expects LaVine to stay with the Chicago Bulls because of his contract situation.

“He’s got a max contract for the next two years … guys with big contracts are going to be difficult to move in this new [collective bargaining agreement] environment that the NBA is in,” Bontemps said.

And what about Russell, who is on an expiring deal with the Los Angeles Lakers?

“I don’t think teams are out there looking to trade for him. I think they’re looking for his contract,” Windhorst said.

Dec. 14

4:20 p.m. ET: The Golden State Warriors have acquired point guard Dennis Schroder from the Brooklyn Nets in exchange for De’Anthony Melton.

The Warriors are also receiving a 2025 second-round pick (via Miami) from the Nets, while Brooklyn gets Reece Beekman and three second-round picks (2026 and 2028 via Atlanta, 2029 via Golden State) in the deal.

Schroder bolsters Warriors coach Steve Kerr’s rotation after Melton, who signed to a one-year deal this offseason, went down with a torn ACL last month and is out for the remainder of the season. Schroder, 31, is on an expiring contract worth $13 million. Beekman appeared in two games for the Warriors this season, scoring two points.

Dec. 13

5:07 p.m. ET: The Miami Heat have traded center Thomas Bryant to the Indiana Pacers.

The Pacers are sending a swap of a 2031 second-round pick to the Heat for Bryant. The Pacers had scoured the trade market for a backup center after losing big men Isaiah Jackson and James Wiseman to torn Achilles tendons.