Trade Deadline Winners and Losers!

Summary of Trade Deadline Winners and Losers!

by The Ringer

1h 9mFebruary 7, 2026

Overview of Trade Deadline Winners and Losers!

This episode of The Ringer’s Real Ones (hosts Logan Murdock, Howard Beck, Raja Bell, Roger Bell) breaks down the NBA trade deadline: scale of activity, biggest winners and losers, strange moves, sneaky wins, player/organizational takeaways, and a few personal “Real One” shout-outs. The panel uses categories (Biggest Winner, WTF Award, Sneaky Good Deal, “When Keeping It Real Goes Wrong,” etc.) to evaluate the outcomes and what they mean for the rest of the season and the summer.

Quick facts & context

  • Reported totals (cited on-show): ~30 trades, 71 unique players moved, and 42 picks exchanged (some assets changed hands multiple times).
  • Tone of the show: bullish on teams that used the deadline to accelerate contention or add clear fits; critical of teams that pivoted oddly or appeared to make opportunistic but risky short-term moves.
  • Repeated themes: health risk (Porziņģis, Anthony Davis, etc.), contract/guarantee issues (Harden), draft-pick protections, and the continuing Giannis vs. Bucks saga.

Biggest winners

  • Indiana Pacers
    • Rationale: Traded for Ivica Zubac to replace Myles Turner’s defensive presence and rebounding; seen as a smart “pre-agency” move to stay competitive when Tyrese Haliburton returns. Pacers gave protected firsts but got a clear on-court fit.
  • Cleveland Cavaliers
    • Rationale: Acquiring James Harden immediately raises Cleveland’s ceiling as a “win-now” move with Donovan Mitchell. Panel debated Evan Mobley’s role/ceiling but agreed Harden improves the Cavs now — with future contract risk.
  • Oklahoma City Thunder
    • Rationale: Added Jared McCain (via trade with Houston), improved shooting/ball-handling depth, and kept their draft position intact. The Thunder were also the “winner” by virtue of no team closing their gap.

Biggest “WTF” / most baffling moves

  • Washington Wizards
    • Panel called their pivot—from rebuilding to trying to compete—as unusually abrupt and risky. The hosts criticized the logic of adding established but injury-prone or stylistically fraught veterans (as discussed on the show) to a young core.
  • Other oddities highlighted
    • Teams offloading former mistakes or aging contracts (Lonzo Ball, Chris Paul, etc.) and players/teams making short-term moves that muddle timelines.

Sneaky good deals (under-the-radar wins)

  • Golden State Warriors — Jonathan Kuminga for Kristaps Porziņģis
    • Upside: Porziņģis is an ideal schematic fit (rim protection + spacing) if healthy. The move was framed as “feast-or-famine” because of his injury/mystery-illness history.
  • New York Knicks — José Alvarado
    • Rationale: Hustle, perimeter defense, ball-handling depth; fits New York’s current needs, especially with Deuce McBride’s injury.
  • Los Angeles Lakers — Luke Kennard
    • Rationale: Adds crucial shooting for spacing; seen as a small but meaningful upgrade for the West’s mid-tier battle.
  • Dallas Mavericks
    • Rationale: The hosts praised the Mavericks’ decision to start a clearer rebuild around Cason Cooper Flagg (trading veterans for picks), even if imperfectly executed.

“When Keeping It Real Goes Wrong” — players who misplayed their hand

  • Jonathan Kuminga
    • Critique: Public posturing for a trade/spotlight may backfire if the new situation doesn’t allow him to showcase upside; a poor audition could decrease future leverage.
  • Cam Thomas
    • Critique: Public positioning and friction with the Nets culminated in him being waived rather than traded — a classic example of how reputation, role fit and timing can tank market value.
  • Ja (Ja Morant) / off-court issues discussed in the same context — panel noted teams’ reluctance to take on risk and how repeating behaviors limit market opportunities.

Notable subplots and roster mechanics

  • Warriors’ gamble on Porziņģis vs. chronic health risk — medicals and pre-agency positioning matter.
  • Mavericks moving away from older stars to accumulate picks for a Cooper Flagg-centered rebuild.
  • Clippers’ turnover (trading Zubac, others) appeared to reset them into a tanking trajectory — indirectly benefiting teams like OKC.
  • Teams were keen to offload “bad bets” / mistakes from prior windows (various veterans and mis-signings).
  • Sixers: Daryl Morey’s explanation for trading Jared McCain was “sold high” — panel saw logic but noted surprise.

Giannis saga — the continuing storyline

  • Key points:
    • Giannis Antetokounmpo did not get traded at the deadline; league sense is he wants out but Bucks didn’t take offers that blew them away.
    • Giannis posted a Wolf of Wall Street clip with a caption implying “I’m not leaving” / mixed public messaging; hosts called this “unreal” and criticized the mixed signals to fans.
    • Likely next steps: offseason shop, intel-gathering for Bucks, and potential restriction on Giannis playing if Bucks want to protect draft positioning or negotiating leverage. Expect a long, messy summer.

“Real One” / shout-outs of the week

  • Tom Brady — called “Real One” for candidly saying he doesn’t have a dog in the Super Bowl fight (panel praised his bluntness).
  • Giannis — dubbed the “Unreal One” for the mixed social-media messaging after requesting a move.
  • Marcus Peters — shout-out for moving into media work and producing interesting content (the hosts recommended his output).

Notable quotes & lines (paraphrased)

  • “There was a shit ton of deals — 30 trades, 71 players, 42 picks.” — framing how busy the deadline was.
  • “The winner that keeps on winning: Oklahoma City Thunder.” — on OKC’s status post-deadline.
  • “If LeBron wants to take the minimum, he can go wherever he wants.” — commenting on future opt-in/out possibilities and roster construction.

What to watch next (actionable takeaways)

  • Health updates on Kristaps Porziņģis and Anthony Davis: these determine whether those moves become major wins or liabilities.
  • Harden’s contract situation in Cleveland — partial guarantees / opt-out risk could become a summer storyline.
  • Giannis: whether he’s allowed to play, offseason offers, and whether Bucks retain or trade him.
  • Pacers’ protected picks and how Zubac impacts their fall timeline (assuming Haliburton returns healthy).
  • Mavericks’ draft-pick usage and commitment to building around Cooper Flagg.
  • How “keeping it real” stories (Kuminga, Cam Thomas, Ja) affect player markets and front-office approaches to culture and accountability.

Bottom line

The trade deadline produced a lot of activity and few definitive power-shifts at the top — more re-shaping of timelines and personnel than an outright collapse of favorites. The episode’s central judgment: teams that clarified a direction (OKC, Pacers to an extent, Cavs in the short term) benefited; teams that made opportunistic but confusing pivots (Wizards) earned skepticism. The biggest unresolved cliffhanger remains Giannis and how the summer will unfold.