NBA Trade Deadline 2025 live blog: Latest news, rumours

It’s finally here, the 2025 NBA trade deadline is officially upon us.

Action has been underway for a couple of days now, and while arguably nothing will top the blockbuster swap of Luka Doncic and Anthony Davis on Saturday or the Spurs nabbing De’Aaron Fox to pair with Victor Wembanyama on Sunday, there’s still plenty of possible movement.

Just look to trade deadline eve for instance. Wednesday began with the Bucks exchanging franchise stalwart Khris Middleton for Kyle Kuzma. Later, the Warriors added Jimmy Butler in a massive multi-team deal to conclude the drama in South Florida. The Raptors seemingly turned into buyers with their late-night acquisition of former All-Star Brandon Ingram. Then finally, the Lakers swooped in and picked up a starting calibre centre in Mark Williams from the Hornets.

Hard to keep track of it all? Don’t worry, follow along with the live blog to keep a pulse on the conversation as we inch toward the 3 p.m. ET / noon PT deadline.

So, are the Suns trading KD or not? (1:06 p.m. ET)

For a brief moment, the idea of a Kevin Durant and Stephen Curry reunion in the Bay Area seemed plausible. Rumours swirled that the Warriors and Suns were in talks around the idea, and with Phoenix’s massive payroll and seemingly no way to move Bradley Beal due to a no-trade clause, there was some credence to the notion of moving the 15-time All-Star.

All that momentum shut down once Durant added his two cents, however, as the ex-Warriors star reportedly had “coldness” to a supposed return. With that move snuffed before it even sparked, the Suns seemingly have done an about-face and want to stick things out with the former MVP.

But with a high tax bill, a middling 10th seed and Durant only signed through next season, will owner Mat Ishbia be fine standing pat? Add the factor that the Suns are receiving “aggressive” calls from suitors for KD’s services according to ESPN’s Shams Charania, and the supposed return might be too much to resist.

Time to say au revoir? (12:39 p.m. ET)

The Raptors may not be done wheeling and dealing just yet.

According to Sportsnet’s Michael Grange, Toronto is looking to make one more move, and it’s “most likely” veteran Chris Boucher. The slender Montreal native has slipped up and down coach Rajakovic’s rotation over the last two seasons but has been a generally reliable sparkplug when on the court. He leads the Raptors in bench scoring this season, averaging 10.5 points off the pine to go with a 37.5 per cent clip from beyond the arc in less than 20 minutes a game.

Boucher is on an expiring deal, owed $10.8 million before unrestricted free agency in the summer. Could the Raptors say goodbye to the final holdover from their 2019 championship to recoup some value?

‘Off Night’ is off the Raptors (11:30 a.m. ET)

Davion Mitchell’s tenure north of the border appears to be over as the Raptors shifted from buying to the more expected route of selling. Toronto is reportedly sending the 26-year-old to Miami for P.J. Tucker, a 2026 second-round pick and cash.

The soon-to-be-restricted free agent had filled in admirably while starter Immanuel Quickley battled injuries, but with the latter now back and rookie Jamal Shead turning a corner, his role in the rotation was dwindling. The defensive stalwart averaged 6.3 points, 1.9 rebounds and 4.6 assists while shooting 35.9 per cent from deep through 44 appearances with the Raptors.

Meanwhile, it doesn’t appear likely Tucker will stick around with the Raptors but if he does, it would be a third separate stint with the team!

Cavs want in on the fun? (11:17 a.m. ET)

While the West’s top squad got stronger today by simply getting healthier, the East-leading Cleveland Cavaliers may be opting for the trade route.

According to NBA insider Marc Stein, the Cavs continue to make a “strong push” for Hawks swingman De’Andre Hunter. The former fourth overall pick is having a breakout year, averaging 19.0 points, 3.9 rebounds and 1.5 assists while shooting a career-high 39.3 per cent from distance.

Slotting in another two-way player in Hunter next to a Cleveland core that’s already off the 41-10 start could mean trouble for the rest of the East.

First trade of the day! (10:14 a.m. ET)

As you make that cup of coffee and wipe the gunk out of your eyes, here’s a tidbit on the first deal of deadline day.

A transaction between two Eastern Conference squads as the Sixers are reportedly sending Reggie Jackson and a 2026 first-round pick to the Wizards in exchange for Jared Butler and a haul of four future second-rounders.

Washington gets an extra asset in the near future while Philadelphia boosts its collection of tradeable capital down the road.

The rich get richer (9:28 a.m. ET)

For some non-transactional news to give us a little reprieve from the wheeling and dealing, the Oklahoma City Thunder are set to welcome back third-year standout Chet Holmgren after nearly three months. The 22-year-old has been out since Nov. 10 due to an iliac fracture but is off the injury report as of Thursday and is eyeing a return against the Raptors on Friday.

Holmgren is averaging 16.4 points, 8.7 rebounds, 2.0 assists, and 2.6 blocks through his 10 appearances this year. Not a bad addition on deadline day for the NBA-leading Thunder.

Bay Area business (8:13 a.m. ET)

Although the Warriors already made their big splash by acquiring Butler, they may still be eyeing more moves considering the depth they slashed to get the six-time All-Star.

ESPN’s Brian Windhorst on Get Up this morning reported that Golden State “may not be done dealing.” The Warriors have movable expiring contracts and are in the market for a big man in the middle.

Bulls centre Nikola Vucevic has been linked to Golden State previously and might just fit the bill. The dependable 34-year-old has played all but one game for Chicago this year, averaging 19.5 points, 10.4 rebounds and 3.5 assists while shooting a lights-out 39.4 per cent from distance on nearly five attempts a game. Could he be the final piece in the Warriors’ latest push for another title?

DPOY goodbye? (7:56 a.m. ET)

Let’s kick things off with a bit of chatter on a Grizzlies veteran. Per SNY’s Ian Begley, Marcus Smart is being inquired about by “several” teams across the league. The grizzled (pardon the pun) guard and once Defensive Player of the Year has taken on a reserve role with Memphis after being a consistent starter in Boston prior to getting dealt.

Smart has battled injuries this season as well, playing just 19 games while averaging 8.7 points, 2.3 rebounds and 3.7 assists on a lowly 35.8 per cent shooting from the field and 32.2 per cent from distance. He’s inked through 2025-26 and owed $21.5 million next year, making him a moveable asset for the Grizzlies.

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