Trade Deadline Extravaganza: Giannis Stays Put, the Tankers Load Up, and Much More

Summary of Trade Deadline Extravaganza: Giannis Stays Put, the Tankers Load Up, and Much More

by The Ringer

1h 30mFebruary 6, 2026

Overview of Trade Deadline Extravaganza: Giannis Stays Put, the Tankers Load Up, and Much More

This Ringer Group Chat episode breaks down the NBA trade-deadline chaos: big names who stayed (Giannis, Ja Morant), surprise mid/late-day moves, and a deadline that rewarded the league’s worst teams (the “tankers”). Hosts Justin Verrier, Rob Mahoney and Kyle discuss major trades, pick protections, roster construction choices, and how the deals reshape the lottery race, playoff picture and buyout market.

Key takeaways

  • The biggest non-move: Giannis Antetokounmpo stayed in Milwaukee (mixed signals from his social posts) and Ja Morant remained in Memphis.
  • Deadline favored rebuilding teams — many bad teams traded for next-year assets or buy-in pieces rather than contenders making a championship push.
  • The biggest single splash late in the day: Ivica Zubac to Indiana (from Clippers) with complex pick protections that create a tense lottery hinge for both franchises.
  • High-impact trades to watch: Darius Garland (to Clippers) / James Harden (to Cavaliers) shuffle; Anthony Davis to Washington; Dallas moving on from AD to reset around C. Flagg; Jaren Jackson Jr. out of Memphis; Jazz using JJJ to become bigger up front.
  • Buyout/waiver market and short-term roster fit (Cam Thomas, others) will be consequential — teams that cleared salary to chase buyouts could profit.

Major trades and analysis

Ivica Zubac → Indiana Pacers

  • Why it matters: Pacers acquire a steady, versatile rim presence to pair with Tyrese Halliburton; Clippers pivot to younger, more mobile pieces.
  • Pick protections: The Clippers received a 2026 first with a complicated protection ladder (protected 1–4, gaps, and later protections that can convert into an unprotected obligation years down the line). This makes the draft-lottery outcome crucial for both teams.
  • Strategic effect: Pacers can both compete with Zubac and still tank to target a high draft pick; Clippers acknowledge a near-term reset and prioritize clarity over hope.

Darius Garland → LA Clippers / James Harden → Cleveland Cavaliers

  • Context: Cavs were aggressive to change their trajectory around Donovan Mitchell; Clippers pushed for younger guard play (Garland) and speed.
  • Fit questions: Garland's health durability is a concern; Clippers may get instant uplift but risk short-termism if Garland can’t stay healthy. Harden in Cleveland is a high-variance veteran addition.

Anthony Davis → Washington Wizards

  • Shock move in concept: Wizards acquired two All‑Stars (Davis + Trey Young) for relatively little immediate return — mostly cheap contracts and future, lightly protected picks.
  • Upside/risk: If both are healthy and the Wizards land a high draft pick, they could accelerate into a competitive Eastern contender. Main downside: Davis’ injury history and future contract cost; this might be a short window.

Anthony Davis → Dallas Mavericks (Mavs side of the trade)

  • Mavs perspective: Clearing AD’s contract and getting picks/expiring salary to reset around young star Cooper Flagg. A painful acknowledgment that the AD/Luka pairing wasn’t the long-term answer.

Jaren Jackson Jr. → Utah Jazz

  • Utah adds shot-blocking, rim protection and frontcourt versatility (Kessler + JJJ + Lauri Markkanen possibilities).
  • Fit: Jazz now can play big and versatile lineups; they paid multiple firsts/young pieces but immediately have a clearer long-term identity.

Memphis Grizzlies moves

  • Memphis traded JJJ and picked up a platter of picks/young players — clearing the way for a Ja Morant-led future but also stockpiling assets rather than landing a single blue‑chip return.

Chicago Bulls overhaul

  • Bulls performed multiple deals (Kobe White, Ayo Dosunmu, etc.) and ended up with Jaden Ivey + Anthony Simons and several second-rounders.
  • Assessment: Ivey is the big upside piece for Chicago; the rest is role-player churn. Many questions remain about guard logjams and long-term direction.

Notable fringe/other moves

  • Jonathan Kuminga → Atlanta: surprising destination; Hawks keep retooling and adding versatile wings.
  • Clint Capela / Luke Kennard / role players shuffled into multiple teams (Lakers made some small moves to tweak depth and spacing).
  • Cam Thomas, buyout candidates: Thomas and other scorers could reshape rotations via buyout market — best fit likely on teams that already have structure and want a microwave scorer off the bench.
  • Jose Alvarado → Knicks: energy/pep for guard minutes while RJ Barrett/JJ workload fluctuates.

Themes and insights from the hosts

  • Deadline was unusually “tank-forward”: bad teams prioritized early accumulation of assets rather than contenders splurging for one-more-run players.
  • Some trades were “ballsy” forward-tilts (Clippers getting Garland; Pacers gambling with Zubac + lottery pick protections).
  • Several teams moved to clear payroll/picks to build around youthful cornerstones (Mavs around Cooper Flagg, Wizards gambling on draft luck + AD/Trey).
  • Social-media and PR moments (Giannis’ tweets) shaped narrative but not transactional reality; team/injury uncertainty remains central.

Who won and who should be watched

  • Potential winners (short-term): Pacers (if pick lands favorably), Jazz (frontcourt upgrade), Hornets (Kobe White fits their identity), Wizards (if Davis/Trey stay healthy and draft luck hits).
  • Potential winners (long-term): Mavs (clearing AD to reset around Flagg); Clippers (if Garland stays healthy and Kawhi remains available).
  • Teams to monitor: Pacers (tank/lift decisions), Clippers/Cavs (health + chemistry), Wizards (AD durability + salary implications), buyout market teams (who pick up microwave scorers).

What to watch next (actionable points)

  • The lottery results — they’ll determine the true winners of several deadline gambles (notably Pacers ↔ Clippers protections).
  • Injury updates: Anthony Davis, Darius Garland, Tyrese Halliburton — their availability will dictate whether trades become immediate upgrades or merely cap/asset moves.
  • Buyout market activity (Cam Thomas, others): where scorers land will affect playoff rotations and bench scoring.
  • How teams handle “All-Star rest” policies vs. draft‑pick preservation — will the NBA try to police star shutdowns and how do teams react?

Notable one-liners and color

  • The hosts repeatedly call the Pacers/Clippers Zubac deal “ballsy” and frame the deadline as a tipping point where many teams chose clarity over midseason optimism.
  • Social-media gaffes (Giannis tweets) were called “cringe” by the hosts, but the bigger point is that the trade drama reflects months of real reporting and negotiations — this wasn’t just theater.

If you want a quick reference: watch the Pacers’ remaining schedule and lottery odds, track health reports for AD/Garland/Halliburton, and monitor the buyout market this week — that’s where several deadline narratives will resolve.