NBA trades tracker: every confirmed move so far, plus the biggest rumors as contenders race the clock

The NBA trade deadline hit Thursday, Feb. 5, 2026, at 3:00 p.m. ET, capping a frantic two-day stretch that reshaped rotations, payrolls, and draft stockpiles. Several of the week’s biggest swings were finalized right at the wire, with contenders chasing half-court shot creation, frontcourt size, and reliable bench minutes—while rebuilders leaned into picks and flexibility.

Every confirmed move so far

These are the headline deals that have been formally completed and announced by teams/league transaction logs as of Thursday night:

Notable deadline-day deals that moved rotations

Even after the “big board” trades landed, several deadline-day swaps aimed directly at playoff depth:

Minnesota acquired Ayo Dosunmu and Julian Phillips from Chicago for Rob Dillingham, Leonard Miller, and four second-round picks. Dosunmu’s two-way steadiness and ability to organize offense in bench-heavy minutes is the clear fit for a team with postseason ambitions.

Orlando sent Tyus Jones and two second-round picks to Charlotte for cash considerations, a move shaped by the tax line and Charlotte’s appetite to absorb salary for more draft ammo.

New York added Jose Alvarado from New Orleans for Dalen Terry and two second-round picks, a classic “raise the floor of the second unit” play for a team that values ball pressure and pace control.

Biggest rumors still swirling after the buzzer

Once the deadline passes, the rumor mill doesn’t stop—it just changes shape. The next wave is about what comes after: waivers, buyouts, and possible re-routing of newly acquired veterans.

One situation to monitor is Lonzo Ball’s immediate future. League chatter has centered on Utah exploring a quick separation, which could put Ball into the buyout stream and open a market for teams hunting guard defense and playmaking—if his health and conditioning check out.

Chris Paul’s landing spot is another live thread. Toronto’s side of the three-team deal was widely read as a flexibility play, and there has been ongoing talk that Paul could be moved again quickly or handled through a different roster resolution.

Finally, the “star rumor” that loomed over the week—whether Milwaukee’s franchise centerpiece would actually move—never crystallized into a true sprint at the finish. The late-day temperature around the league pointed more toward staying put than a blockbuster.

What contenders were buying

The deadline shopping list was remarkably consistent across the top half of the standings:

First, a second creator—someone who can keep offense functional when the primary star sits. That drove aggressive prices for guards who can handle, shoot, and defend enough to stay playable late.

Second, frontcourt versatility—big men who can score without clogging the lane, pass at the elbow, or survive in space. The Vučević move is a clean example: not just size, but skill.

Third, insurance bodies—playoff teams quietly value 7th–10th men more than ever, because injuries and matchup chess can flip a series.

What to watch next

The next 10 days will decide which deadline moves actually matter:

• Integration speed: new ball-handlers have to learn terminology fast or coaches won’t trust them in close games.

• Buyout market: contenders that missed at the deadline can still add a rotation piece without paying trade prices.

• Second-order trades: even with the deadline closed, roster decisions (waives, conversions, two-way shuffles) can create ripple effects.

Sources consulted: NBA.com, Reuters, The Athletic, Associated Press