2025 NBA trade deadline buzz: Latest news around the league

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• 2024-25 Trade Tracker: Every official deal

As we close in on Thursday’s trade deadline (3 p.m. ET), keep up with the latest rumblings around the NBA. All deals that have been made official can be found on our Trade Tracker.

Report: Lakers acquire Williams from Hornets

The Lakers are reportedly trading Dalton Knecht, Cam Reddish, a 2031 unprotected first-round pick and a 2030 pick swap to Charlotte for center Mark Williams, per ESPN’s Shams Charania.

Williams, who is eligible for a contract extension this offseason, is averaging 16.0 points, 9.8 rebounds. 2.5 assists and 1.2 blocks in 25.0 minutes over 22 games this season.

Lakers receive:

Hornets receive:

Dalton Knecht
Cam Reddish
2031 unprotected first-round pick
2030 pick swap

Report: Raptors land Ingram in 3-player deal

Brandon Ingram reportedly has been traded from New Orleans to Toronto for Bruce Brown Jr., Kelly Olynyk, one first-round pick and one second-rounder, according to ESPN’s Shams Charania.

Ingram has been sidelined since early December with an ankle injury but remains a productive offensive player. In 18 games this season, he is averaging 22.2 points, 5.2 assists and 5.6 rebounds.

Raptors receive:

Pelicans receive:

Bruce Brown
Kelly Olynyk
First-round pick
Second-round pick

Report: Warriors acquiring Butler in multi-team deal

It appears Jimmy Butler is getting his wish. The Heat are reportedly finalizing a 4-team, 7-player deal that will send Butler to Golden State and Andrew Wiggins to Miami, per ESPN’s Shams Charania.

Additionally, Butler has declined his 2025-26 player option in order to sign a two-year, $121 million extension that will keep him with the Warriors through 2026-27, Charania and colleague Brian Windhorst reported.

Warriors receive:

Heat receive:

Andrew Wiggins
Kyle Anderson
P.J. Tucker
Protected first-round pick

Jazz receive:

Pistons receive:

Lindy Waters III
Josh Richardson
Second-round pick

Kings acquire Valančiūnas from Wizards

The Wizards have traded center Jonas Valančiūnas to the Sacramento Kings for Sidy Cissoko and second-round draft picks in 2028 and 2029.

Sacramento just acquired the 6-foot-6 Cissoko from San Antonio in the three-team deal that sent De’Aaron Fox to the Spurs and Zach LaVine from Chicago to Sacramento.

Kings receive:

Wizards receive:

Sidy Cissoko
Two second-round picks

Thunder trade for Theis

The Pelicans are shipping veteran center Daniel Theis and a future Draft pick to Oklahoma City for cash considerations.

Thunder receive:

Daniel Theis
2031 second-round pick

Pelicans receive:

Rockets reportedly acquire Springer

The Boston Celtics are reportedly dealing backup guard Jaden Springer to the Houston Rockets.

Per ESPN’s Shams Charania, Springer and a 2030 second-round pick will be traded to the Rockets. As part of the deal, both teams will exchange heavily protected second-round picks.

Rockets receive:

Jaden Springer
2030 second-round pick
Heavily protected future second-round pick

Celtics receive:

Heavily protected future second-round pick

Bucks reportedly trade for Kuzma

The Milwaukee Bucks have made a reported deal ahead of the Feb. 6 trade deadline.

Per multiple reports, the Bucks are dealing former All-Star forward Khris Middleton to the Washington Wizards for forward Kyle Kuzma. The Wizards are also sending forward Patrick Baldwin Jr. to Milwaukee while the Bucks are trading guard AJ Johnson to the Wizards.

Bucks receive: