Maybe one of the biggest winners from deadline day was Tyreke Evans for the mere fact that he did not get traded. The Grizzlies reportedly want to try and sign them using their mid-level exception this summer, so he'll finish out the year in Memphis, meaning he'll close out the season as a top-40 option. There's still a chance he could get shut down down the stretch with the post-season being an unrealistic goal for the Grizzlies, so owners should still be looking to sell-high here, but Reke-owners have bought themselves some time.
Joe Johnson will seek a buy-out from the Kings in order to sign with a contender. He's not worth owning anywhere.
The Nuggets, Knicks and Mavericks agreed to a three-way deal, with Denver sending Emmanuel Mudiay to the Knicks, New York sending Doug McDermott to Dallas and the Mavs sending Devin Harris to Denver. Mudiay could see minutes in New York, but I'd view this as a wait-and-see situation in all leagues; his arrival isn't great news for Jarrett Jack and Frank Ntilikina, though. I don't see McDermott or Harris having much value on their new teams. There was also some shuffling of second-round picks in this deal, with Denver sending their second-round pick via Portland to New York for their second-round pick via the Clippers.
The Trail Blazers sent Noah Vonleh and some cash to Chicago for the draft rights to Milovan Rakovic (a 32-year-old from Serbia who has yet to make his NBA debut and probably never will). I don't expect Vonleh to be a factor in Chicago.
The Pelicans traded Dante Cunningham to the Nets in exchange for Rashad Vaughn. Vaughn could potentially get into the rotation in New Orleans, but this is a wait-and-see situation. Cunningham remains irrelevant.
With just a half hour to go, the Grizzlies haven't received much traction on the Tyreke Evans trade front, and are currently leaning towards keeping him and trying to re-sign him with their mid-level exception this summer. Reke remaining in Memphis would obviously be ideal for his fantasy value.
The Wizards are trading Sheldon Mac (Achilles) to the Hawks.
Orlando has sent Elfrid Payton to Phoenix in exchange for a second-round pick. This is an excellent landing spot for Payton, as he's essentially guaranteed big minutes playing for the banged-up Suns, and he'll also be joining the team that ranks No. 3 overall in pace. On the Orlando side of the equation, D.J. Augustin looks like the starter now, but he didn't do much in his seven previous starts this season with averages of 7.3 points, 5.0 dimes and 1.4 steals per contest on 40.5% shooting, so he's really only worth a look as a speculative add in deep leagues.
The Cavs pulled off a mega three-way deal, sending Derrick Rose and Jae Crowder to Utah and Iman Shumpert to the Kings, with Rodney Hood and George Hill coming back to Cleveland and Joe Johnson being jettisoned to Sacramento. The Cavs also flipped Dwyane Wade to Miami for a heavily protected second-round pick. Wow. I'll break this one down piece-by-piece.
Derrick Rose -- The Jazz are expected to buyout Rose, and the Timberwolves are said to be interested in adding him on the buyout market, because of course (Tom Thibodeau facepalm). He won't have much fantasy value regardless of where he winds up, but in Minnesota, he could mess with Jeff Teague's production.
Jae Crowder -- He was having a terrible season in Cleveland, but it might not get that much better in Utah, as he figures to split time with Derrick Favors and Joe Ingles. This trade doesn't move the needle much for him. However, his departure could result in Larry Nance starting with the Cavs, so he's worth a speculative add in most leagues.
Iman Shumpert -- He was included to make the numbers work, but it's tough to see him churning out much fantasy value this season.
Rodney Hood -- Not great, but not terrible either. He'll provide a spark off the bench for Cleveland, and he'll likely be working in the second unit alongside Jordan Clarkson, but he's also going to be competing for minutes with the likes of J.R. Smith and Kyle Korver. His value does take a hit, but I wouldn't say it's been destroyed, necessarily.
George Hill -- He's definitely the winner here as he was looking at a shutdown in Sacramento. He should immediately start at the point for Cleveland, and he'll be getting a ton of wide-open looks working alongside LeBron James. He doesn't really need the ball to make an impact, so he's someone to consider swooping up as a speculative add.
Joe Johnson -- Simply put, he won't be a factor in Sacramento. He could be headed for a buyout.
Dwyane Wade -- He gets to return to his old stomping grounds, and he could certainly start at the two-spot, shifting Josh Richardson over to the three. His arrival isn't great news for Wayne Ellington and Tyler Johnson's rest-of-season outlook, but he should see a boost with Miami. He's on the radar as a speculative add in deep leagues.
The Raptors are sending Bruno Caboclo to the Kings in exchange for Malachi Richardson. Sacramento is expected to waive Caboclo upon his arrival, and Richardson will have precisely zero opportunity to get into the rotation in Toronto.
The Lakers are sending Jordan Clarkson and Larry Nance to the Cavs in exchange for Isaiah Thomas and Channing Frye and Cleveland's 2018 first-round pick. Clarkson has a decent shot at starting in Cleveland, and while I don't necessarily see this being a gain for his value, I don't see him taking much of a hit either. Nance will likely split minutes at the four-spot with Jae Crowder, but he only needs around 20 minutes a night to churn out some low-end value, and I think he'll be able to find minutes in that range. As for Thomas, he should have the ball in his hands a ton in Los Angeles as the clear-cut No. 1 option on offense there, so this should be a boon to his value; although he's still obviously working himself back into shape so that boost might not be immediate. IT2's arrival is not great news for Lonzo Ball. I don't see Frye playing much for the Lakers, so his status as a non-factor in fantasy hoops remains unchanged. As a side note, the Cavs will now be barred from trading the Brooklyn pick until after the draft, so we can let that conversation die.
The Grizzlies have traded James Ennis to the Pistons in exchange for Brice Johnson. Ennis will remain irrelevant in Detroit, but Johnson will finally have the chance to get minutes in Memphis, which puts him on the deep league radar. I wouldn't recommend a speculative add in most scenarios, but I'll be watching him closely.
The Heat traded Okaro White to the Hawks in exchange for Luke Babbitt. White is still recovering from a fractured foot and remains without a timetable to return, and Babbitt is irrelevant regardless of the name across his jersey.
In our first deal of the day, Chicago shipped off Jameer Nelson to Detroit in exchange for Willie Reed. The Bulls will waive Reed. Meh.
The Pistons and Pelicans are "seriously engaged" on a deal centered around Brice Johnson and Dante Cunningham.
The Raptors are trying to swing a deal for DeAndre Jordan, but they will likely need to get a third team involved. A lot of teams will be reaching out to the Clippers today, but it'll take a substantial package to net DJ.
The Cavs are trying to put together a package that would net them Kemba Walker, but Michael Jordan is playing hardball. It will take a lot to swing a deal for Walker, and with Walker set to hit free agency in 2019, the Cavs probably won't be willing to part ways with that Brooklyn pick; particularly with all the drama surrounding LeBron James and the Cleveland front office. This one seems unlikely.
Per Woj, overall, there hasn't been much enthusiasm around the league for an impactful deadline day. Yes, there will be trades, but there's not a great chance of a blockbuster deal going down. A lot of teams believe that there will be a strong free agent pool on the buyout market, so they don't see the point in sacrificing assets now.
The Nuggets are said to be active ahead of the deadline, trying to part ways with Emmanuel Mudiay, Wilson Chandler and Kenneth Faried, and they're also trying to swing a deal for Tyreke Evans. They are willing to add a first-round pick to incentivize a team to take on Kenneth Faried, who is owed $13.8 million next season.
The Clippers and Cavs have had discussions involving DeAndre Jordon, potentially including a third team to create a pathway to a deal.
So far, the Lakers have turned down three separate deals that would have netted them a second-round pick for Julius Randle. Makes sense.
The Grizzlies are refusing to discuss any trades involving Marc Gasol. They're also still seeking a first-round pick for Tyreke Evans, but thus far, the 76ers, Nuggets and Celtics have been unwilling to offer anything more than a young player or second-round pick.
The Pacers are looking to trade Al Jefferson for a first-round pick and a bad contract.