Trade Rumors: Giannis, Morant, Alvarado, Knicks, Raptors

While Thursday is usually the busiest day of the NBA’s trade deadline week, Tuesday and Wednesday have been more active than usual this season, observes Fred Katz of The Athletic.

There are a number of reasons why that may be the case, but one front office executive who spoke to Katz believes teams are reacting to what happened at last year’s deadline, when physical exams affected two trade agreements. The Sixers and Mavericks slightly reworked the terms of their Caleb Martin/Quentin Grimes deal due to concerns about Martin’s physical, while the Lakers and Hornets rescinded their Mark Williams trade as a result of Williams’ physical.

The Philadelphia/Dallas deal was agreed to and finalized on the Tuesday before the deadline, which allowed the two teams to conduct physical and then amend the terms on Thursday. However, because Los Angeles and Charlotte finalized their deal on Thursday, the issues with Williams’ physical didn’t arise until after the deadline, when negotiations couldn’t be reopened. At that point, the Lakers had just two options: approve the deal anyway or nix it altogether.

Several teams making deals at this year’s deadline may have those situations in the backs of their mind, Katz explains, prompting them to get their business done a little earlier in the week.

Here are more trade rumors from around the NBA, with the deadline just over five hours away:

• The Timberwolves and Heat don’t believe they’re out of the running for Giannis Antetokounmpo, but like Golden State, they remain skeptical that the Bucks are ready to get a deal done today, reports Jake Fischer of The Stein Line (Twitter link). Fischer, who previously identified Milwaukee as a team to watch on the Ja Morant front, also continues to hear that the Bucks remain engaged with the Grizzlies about the star point guard.
• Pelicans guard Jose Alvarado remains on the Knicks‘ radar, according to Ian Begley of SNY.tv (Twitter link). While New York reportedly didn’t have much luck selling New Orleans on a deal that included Guerschon Yabusele, the team may have more success with Dalen Terry‘s expiring contract after agreeing to send Yabusele to Chicago. The Knicks have also expressed interest in Yves Missi, but the Pelicans have reportedly insisted on a first-round pick for him to this point. New York’s only tradable first-rounder is Washington’s top-eight protected 2026 pick, which will likely turn into second-rounders.
• It’s been a busy week for the Bulls, who have finalized three trades and agreed to two more, but they may not be done dealing yet. According to Joe Cowley of The Chicago Sun-Times, the Bulls’ front office was still talking to teams as of Wednesday night, with a “focus” on the Pelicans and Rockets. Chicago has been linked to Zion Williamson and Missi from New Orleans and Tari Eason from Houston, Cowley notes. However, he says the Bulls haven’t made real progress on the Pelicans’ players, and reports have indicated the Rockets are very resistant to moving Eason.
• After agreeing to two minor deals on Wednesday to duck the luxury tax and add Trayce Jackson-Davis, the Raptors are unlikely to make a major move ahead of Thursday’s deadline, Michael Grange of Sportsnet (Twitter video link) and TSN’s Josh Lewenberg (Twitter video link) said during TV appearances. Toronto has been linked to several notable big men, but some (Anthony Davis and Jaren Jackson Jr.) have been traded to other teams, while Domantas Sabonis appears likely to remain in Sacramento.