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NBA Offseason 2026: every major trade

Daniël Titus

An NBA offseason with one trade that shifts the competitive balance is already notable. This summer delivered three at once. Giannis Antetokounmpo left Milwaukee for Miami, Charlotte shipped out both LaMelo Ball and Miles Bridges within a single week, and Minnesota built an entirely new backcourt in just a few days. Time to break down the biggest deals and what they mean.

Giannis to Miami: The End of an Era in Milwaukee

After thirteen seasons in Milwaukee, Giannis Antetokounmpo has moved to the Miami Heat. The Bucks receive Tyler Herro, Kel'el Ware, Jaime Jaquez Jr., Kasparas Jakučionis and three first-round picks, including this year's No. 13 selection, plus a pick swap and a second-rounder. Antetokounmpo and Bobby Portis head the other way.

WHAT HAPPENED THIS SUMMERGiannis AntetokounmpoMilwaukee to MiamiLaMelo Ballout of CharlotteMiles Bridgesout of CharlotteAyo Dosunmu5 years, 112 million
The moves that defined this summer.

The story behind this deal dragged on for more than a year. Antetokounmpo had informed his camp he wanted a trade, and both Miami and Boston had offers on the table right up to the deadline. Owner Jimmy Haslam ultimately chose certainty over a potentially higher return, largely because he didn't want to risk losing Jaylen Brown in a Boston-centered deal as well.

For Miami, this is the long-awaited star acquisition Pat Riley has been chasing for years. Antetokounmpo now pairs with Bam Adebayo to form the duo the Heat hopes will return them to title contention. For Milwaukee, it's a hard reset: with Portis also gone, no player remains from the franchise's 2021 championship team.

Charlotte Dismantles Its Own Core

One day after the draft, the Hornets sent LaMelo Ball to the Minnesota Timberwolves. Charlotte receives Naz Reid, an unprotected first-round pick for 2033, three pick swaps (2028, 2029, 2030) and three second-round picks. Minnesota also adds Josh Green to the deal.

Three days later came the second blow: Miles Bridges, along with two future draft picks, went to Phoenix in exchange for Grayson Allen, Royce O'Neale and a first-round pick for 2033. In a single week, two starters disappeared from a Hornets team that had just been knocking on the door of the playoffs.

That last point deserves context. Charlotte started last season 4-14, then went 40-24 the rest of the way and posted the league's best offense from January 1 onward. The starting lineup of Ball, Brandon Miller, Kon Knueppel, Bridges and Moussa Diabaté outscored opponents by 26.4 points per 100 possessions, the best mark for any lineup with at least 250 minutes played in the nineteen seasons for which lineup data exists.

In other words, the Hornets knowingly broke up their best lineup in years. The explanation mostly comes down to Ball himself. His talent isn't in question, but his availability has been a recurring issue: 36, 22, 47 and 72 games played over the last four seasons. Charlotte knows him better than anyone, and apparently decided he wasn't the player to build around going forward.

Minnesota Bets Everything on a New Backcourt

For the Timberwolves, this summer has been about a complete restructuring. They first sent Julius Randle to Brooklyn in a three-team deal that also involved Chicago, taking back only the No. 33 pick. They then re-signed Ayo Dosunmu to a five-year, $112 million deal. And then came the Ball trade, which also sent Naz Reid out the door.

The result: Anthony Edwards and LaMelo Ball, the No. 1 and No. 3 picks of the 2020 draft, now form one of the most talked-about backcourts in the league. The cost is a serious hole in the frontcourt, with both Reid and Randle gone in the same summer.

This isn't the first time Minnesota has made a gamble like this. The Karl-Anthony Towns swap for Julius Randle and Donte DiVincenzo in 2024 was similarly drastic. Whether this summer pays off largely depends on Ball's health, the one part of this deal Minnesota doesn't control.

What Defines This Summer

Three things stand out about this round of trades. First, the speed: three franchises fundamentally changed identity within a single week. Second, the willingness to sacrifice proven chemistry for upside, both in Charlotte and Minnesota. And third, how draft picks keep functioning as currency: even in a deal for a player like Antetokounmpo, the outcome ultimately hinged as much on the volume of future picks as on the players themselves.

Who wins and who loses is still anyone's guess. But the NBA's competitive map has been thoroughly rewritten in just a few days.

Jaylen Brown to the Sixers: the end of a Celtics era

Ten years. Five All-Star selections. One NBA title. And then, on a Wednesday afternoon, a trade to the biggest rival in the division. Jaylen Brown leaves Boston for Philadelphia. Most people knew Brown would go. But for this little? Almost nobody saw that coming.

The Boston Celtics send Brown to the Philadelphia 76ers in exchange for Paul George, two first-round picks and two second-round picks. Paul George played one of the strongest individual seasons in years in 2018-19: 28 points, 8 rebounds, 4 assists and serious MVP discussion. That was almost seven years ago. Since then he has been injured repeatedly, suspended for a doping violation, and has rarely come close to 75 games in a season.

The draft picks are valuable, but for a player who finished sixth in MVP voting last season and led the Celtics to 56 wins while Jayson Tatum missed the first 62 games, many analysts expected more. Two unprotected first-round picks represent the future. Brown represents right now.

The first-round defeat to the Sixers in the 2026 playoffs, the first time in franchise history that Boston blew a 3-1 lead, accelerated the decision. Across Brown’s ten years in Boston, the franchise led the NBA in both regular season wins (530) and playoff wins (86).

The Sixers now have Brown alongside Tyrese Maxey, VJ Edgecombe and Joel Embiid. On paper one of the most dangerous offensive combinations in the East. The question is the same as always in Philadelphia: does it hold up in the playoffs? Nine years without a Conference Finals appearance, despite one of the five best regular season records in that period.

The Lakers begin the post-LeBron era

LeBron James is gone. That is the first thing to know about the Lakers offseason of 2026. After 24 seasons in the NBA, the most discussed player of his generation chose a new adventure elsewhere, and Los Angeles formally begins the Dončić era.

What the Lakers did next in forty-eight hours was impressively quick. One sign-and-trade, three free agent deals, and suddenly a completely different team. Walker Kessler arrived from Utah, Quentin Grimes and Collin Sexton signed on, and Austin Reaves was kept.

Kessler is the rim protector Dončić never had in Dallas. He is 7’2, has averaged 2.4 blocks a game across his NBA career, and before his shoulder injury was on course for one of his better seasons. He finishes lobs, protects the rim and has the pick-and-roll instincts you need next to a ball handler like Dončić.

Sexton is the backup guard who can also score: 15.4 points a game split between Charlotte and Chicago, shooting 40.1 percent from three. With Marcus Smart and Luke Kennard gone, Los Angeles urgently needed guards behind Dončić. Sexton and Grimes fill that gap.

The price sits in the future. After this summer, Los Angeles holds no first-round picks of its own until 2031. That is four drafts without a selection. In a league where young players matter more and more, that is a serious sacrifice, but the choice is deliberate: the Lakers want to win now, not build later.

The direction is right. The structure of this team is clearer than any Lakers roster of the past five years. The question is whether it holds together. Kessler missed most of last season with a shoulder injury, and Dončić has an injury history of his own. If it all works, this is a top five in the West. If the injuries return, it is an expensive roster with no way out.

The whole season

This article covers one moment. The book follows the complete 2025-2026 season, from the ring ceremony in Oklahoma City to the Knicks comeback in Game 4 of the Finals.

NBA: The Story of 2025-2026

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