NBA Trade Deadline Reactions: Ranking the Biggest Deals That Actually Matter

Breaking down the NBA trade deadline by ranking the moves that changed rotations, playoff outlooks, and betting markets.

Chris Vasile - Betting Analyst at Covers.com
Chris Vasile • Betting Analyst
Feb 5, 2026 • 16:39 ET • 4 min read
LA Clippers guard James Harden (1) reacts after a shot.
Photo By - Reuters Connect. LA Clippers guard James Harden (1) reacts after a shot.

The NBA trade deadline isn’t about how many deals get done, it’s about which ones actually move the needle.

Some contenders made decisive pushes, others overpaid out of fear, and a few teams wasted assets without improving at all.

Below, we’re ranking the biggest NBA trade deadline deals based on real on-court impact, playoff leverage, and how the NBA Title odds reacted.

How we ranked the NBA trade deadline deals

Not all trades carry the same weight, so our rankings focus on moves that materially change rotations, playoff outlooks, and betting markets.

  • Immediate impact on rotation
  • Playoff viability
  • Cost
  • Impact on futures odds
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Ranking the biggest NBA Trade deadline deals

No. 1 — Jazz acquire Jaren Jackson Jr. from Grizzlies

Grade: B+

Bottom line: The Utah Jazz spent real assets to move their timeline forward, while the Memphis Grizzlies committed fully to starting over.

Why it matters

  • After years of stockpiling picks, the Jazz finally spent them on a real difference-maker. Pairing Jaren Jackson Jr. with Walker Kessler gives them elite size and rim protection, and signals they’re trying to win games next season, not just plan for five years from now.
  • Between three first-round picks, young rotation pieces, and a massive trade exception, Memphis now controls its own reset and has flexibility most teams don’t.
  • Utah moved up its competitive window and accepted financial risk. Memphis pushed its window back, but gained picks and cap tools.

Winner: Utah Jazz

Loser
: The Grizzlies fanbase. Just four years removed from a trip to the Western Conference Finals, the Grizzlies are once again looking at a rebuild. 

Betting impact: With both teams firmly outside of a playoff spot, this is a trade that didn't move the needle in terms of futures odds. While the Jazz immediately get better, the odds are still stacked against them in the Western Conference. 

Full trade details
Utah Jazz receive: Jaren Jackson Jr., John Konchar, Jock Landale, Vince Williams Jr.

Memphis Grizzlies
receive: Kyle Anderson, Walter Clayton Jr., Taylor Hendricks, Georges Niang, Lakers' 2027 first-round pick (top-four protection), 2027 first-round pick (most favorable of Cleveland and Minnesota), Phoenix's 2031 first-round pick.


No. 2 — Wizards acquire Anthony Davis from Mavericks

Grade: B

Bottom line: Both teams chose certainty over upside: the Washington Wizards by chasing names, the Dallas Mavericks by clearing the books around Cooper Flagg. 

Why it matters

  • Washington chose veteran names to try to win now. Dallas chose financial flexibility to reset around Flagg. Neither path guarantees success, but both moves close doors that won’t easily reopen.
  • This wasn’t a haul for a star; it was a cap dump dressed up as a blockbuster. The Mavericks cleared money and pressure.
  • Trading for an oft-injured, expensive Anthony Davis signals impatience more than direction. The Wizards gave up future flexibility and cap space before knowing what their young core actually is.

Winner: Luka Doncic. 

Loser: The Mavericks got 29 games out of Anthony Davis after trading Luka Doncic for him. That's malpractice. You simply cannot give away an elite player for a total of two (maybe three) firsts and three second-round draft picks. 

Betting impact: Both teams are afterthoughts in the futures market, so this move did not move the needle one bit. 

Full trade details
Dallas Mavericks receive: Marvin Bagley III, Malaki Branham, A.J. Johnson, Khris Middleton, Oklahoma City's 2026 first-round pick, Phoenix's 2026 second-round pick, Chicago's 2027 second-round pick, Houston's 2029 second-round pick, Golden State's 2030 first-round pick (top-20 protection; turns in 2030 second if not conveyed).

Washington Wizards receive: Anthony Davis, Dante Exum, Jaden Hardy, D'Angelo Russell.


No. 3 — Cavaliers acquire James Harden from Clippers

Grade: B-

Bottom line: The Cleveland Cavaliers cashed out on a risky long-term bet and brought in a veteran who helps them now, even if the margin for error is thin.

Why it matters

  • Cleveland decided Garland wasn’t worth the risk anymore and cashed out before the bill came due.
  • The Los Angeles Clippers bought a younger core piece without touching their limited draft assets.
  • Both teams admitted what they actually are and stopped pretending otherwise.

Winner: Los Angeles Clippers

Loser: The team hoping a 36-year-old defensive liability can make a difference for them this year. 

Betting impact: The Cleveland Cavaliers own the third-best title odds at +1200, up slightly from their season-opening odds of +1100. While this move may not move the needle much, the market consensus is that the Cavs are still good enough to win the Eastern Conference (+300) and compete for a title. 

Full trade details
Cleveland Cavaliers receive: James Harden.

Los Angeles Clippers receive: Darius Garland, 2026 second-round pick.


No. 4 — Pacers acquire Ivica Zubac from the Clippers

Grade: C

Bottom line: The Clippers parted ways with immediate production in order to regain draft capital. 

Why it matters

  • Acquiring two unprotected first-round picks and a young scorer for Zubac is a win, especially for a team with limited draft control. Even if L.A. stays competitive in the short term, this deal gives them options instead of forcing a direction.
  • Zubac fixes real problems — rim protection, rebounding, physicality — but also shrinks the floor next to Siakam and changes how the Indiana Pacers have to play. This move raises the floor while putting a cap on flexibility if things go sideways.
  • Trading two first-round picks for a solid center makes sense only if you’re sure Haliburton comes back at full strength.

Winner: The Los Angeles Clippers' savvy negotiating skills. 

Loser: The team that overpaid for a center when they let a perfectly good one walk in the offseason. 

Betting impact: Again, the Clippers are a Play-In team at best, while the Pacers are dead last in the East. Not much movement here, other than some day-to-day player prop adjustments. 

Full trade details
Indiana Pacers receive: Ivica Zubac, Kobe Brown.

Los Angeles Clippers receive: Isaiah Jackson, Bennedict Mathurin, 2026 first-round pick (protected Nos. 1 to 4 and 10 to 30; turns into unprotected 2031 first-round pick if not conveyed), Dallas' 2028 second-round pick, 2029 first-round pick.

Most overrated trade deadline moves

Warriors acquire Kristaps Porzingis from Atlanta in exchange for Jonathan Kuminga

Why it’s overrated: This move looks impressive on paper, but it doesn’t solve Golden State’s real problems. Porziņģis adds size and scoring, yet introduces durability risk and defensive matchup issues in the playoffs, all while costing a younger, more flexible asset in Jonathan Kuminga.

Celtics acquire Nikola Vucevic from Chicago in exchange for Anfernee Simons

Why it’s overrated: The Celtics needed center depth, but Vucevic is not your prototypical rim-protecting center. The Bulls see upside with Simons, but remain two years away from being two years away. 

Which team won the NBA trade deadline?

While this was a relatively calm deadline compared to recent years, one team clearly walked away in a stronger position than it was a week ago: the Memphis Grizzlies. The Grizzlies stockpiled draft capital, which gives them more flexibility than any team in the league heading into the next cycle.

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Chris Vasile Covers.com
Betting Analyst

Chris Vasile has been in the betting industry for well over a decade, honing his craft as a writer, editor, and handicapper. Chris has contributed betting and non-betting content for online publications such as ProSportsDaily and The Hockey Writers, in addition to Covers. With a keen interest in soccer, Chris has been featured on Covers' 'Before You Bet', BetMGM Network, and SportsGrid. He also runs his own YouTube channel — Game Day Wagers.

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