NBA Trade Rumors 2025-26: The latest on Giannis Antetokounmpo, plus Anthony Davis, Trae Young, more

The conventional wisdom holds that Dec. 15 marks the unofficial opening of the NBA trade season, because that’s when many players who signed new contracts or extensions this past summer become eligible to be traded. The reality is that it will be Dec. 19-22 in Orlando — when the NBA G League Winter Showcase takes place — that talks really start to ramp up. It’s when the GMs and front offices of all 30 teams gather together, ostensibly to watch the best G-League players, but it’s an event without fans (just basketball people and some media), and you can watch as certain GMs peel off and start side conversations just 30 feet from the court. It’s where business starts to get done.

Heading into all of that, here are the latest NBA Trade rumors, starting with the biggest name potentially on the board.

Giannis Antetokounmpo

Antetokounmpo being off the court for 2-4 weeks with a calf strain is not about to slow the trade rumors surrounding him, or the fake trades we are all seeing, after he reportedly restarted talks about his future with the Bucks front office. Here are a few updates.

• Milwaukee may find it hard to land a lot of first-round picks. Antetokounmpo’s performance is not in question, he has been playing at an MVP-level this season. However, he turns 31 on Saturday and is looking for a massive contract extension that will start in the 2027-28 or 2028-29 season, his age-33 or age-34 season (he has a $62.8 million player option for 2027-28). The recent history of teams giving up a massive haul of first-round picks for players entering their mid-30s — even elite players — has them pausing and seriously considering how many picks they would trade for Antetokounmpo. Brian Windhorst of ESPN put it this way on his Hoop Collective Podcast:

“What I’m telling you is that when I talk to executives and these executives are not in trade talks with the Bucks or another for a star player right now, the mood in the NBA right now is not give up four first round picks for anybody … All these teams are worried about getting into apron trouble where they can’t reset their rosters…

“This is how teams are thinking right now. They’re a little freaked about the aprons. There ain’t going to be no five first round pick trades. I know that we saw those for a while. That’s just not to happen.”

• The Pelicans’ 2026 draft pick could determine where Antetokounmpo lands. Antetokounmpo may have New York at the top of his wish list, but talking to league sources the last 48 hours, three teams come up as being able to put together better offers and may be places Antetokounmpo would be open to: Atlanta, San Antonio and Houston.

Atlanta is the team I hear the most (assuming Antetokounmpo wants to stay in the East). It can make a trade based around Trae Young and recent No. 1 pick Zaccharie Risacher, but the biggest prize would be the Pelicans’ first-round pick in next June’s draft (which Atlanta controls because Joe Dumars traded it away to move up last June and select Derik Queen in a head-shaking move). NBA insider Jake Fischer of Bleacher Report and The Stein Line said he had been told all season there was no way the Hawks were surrendering what could be a very high pick in a deep draft at the top, but then added that landing Antetokounmpo in his prime and just going for it — with a team that has gone 11-7 while Young is out injured and has had a much improved defense — has to have the Atlanta front office rethinking that stance.

• The Oklahoma City factor. While Oklahoma City has the picks and players to make a serious offer for Antetokounmpo if they wanted to, why would they? At 21-1 with a record point differential and a locker room that gets along well, OKC looks like a juggernaut this season.

OKC’s dominance is something Houston and San Antonio have to take into consideration, as Zach Lowe of The Ringer discussed on his podcast. Do the Spurs look at this season’s Thunder, then look at how young their roster is, and decide to be patient and take their swings at OKC in a couple of years, when their roster is peaking, and the luxury tax is forcing changes to the Thunder? Same thing with Houston, which looks like a contender now, although Kevin Durant being on that team does somewhat change the equation. The bottom line is that both of those teams may look at the big picture and step back.

• The two big questions about an Antetokounmpo trade. In talking to league sources about the trade, two big themes and questions emerged:

1) Will Antetokounmpo (through his agent) actually demand a trade this time? He has danced up to this line but stepped back, not wanting to come off as the bad guy forcing his way out of Milwaukee (a tactic that has worked; the Bucks have upgraded their roster as best they could each time). Yes, Antetokounmpo asked the Bucks to explore a trade with the Knicks last summer, but by the time he did there was no deal to be made. This would be different. It also feels different on Antetokounmpo’s end this time.

2) If Antetokounmpo is available via trade, will the Bucks work with the two-time MVP to get him where he wants to go (presumably New York, although maybe another city or two is on the list), or will they look for the best offer regardless of destination? Antetokounmpo has some leverage because he can be a free agent in the summer of 2027, but plenty of teams would be willing to take the risk on him for a year at the right price.

Anthony Davis

Davis getting traded feels more like an offseason move than one that happens during the season, especially since the team has looked better of late, winning three straight (games against Oklahoma City and Houston in the coming days are good measuring sticks).

When ESPN’s Windhorst was talking about teams not wanting to give up many first-round picks in a trade, that was aimed more at Anthony Davis and the market for him than at Antetokounmpo. Davis is 32, with a history of nagging injuries, and also is up for a contract extension this summer — a potentially massive one — which has teams a little hesitant. Is an aging Davis going to be worth the money he is asking? Windhorst added this on his podcast.

“When I have heard what people are saying Anthony Davis’ trade value is right now, not because of him as a player, to be clear, not because he’s diminished as a player, but because of the idea of paying an injury-prone mid-30s guy $50, $60 million dollars in the apron era is unpalatable.”

James Harden, Kawhi Leonard

The Clippers have never hit the fact that they are built to pivot in 2027, when everyone except Ivica Zubac comes off the books. However, after a dreadful start to this season, could the Clippers accelerate that timeline by trading James Harden or Kawhi Leonard?

Good luck with that. Especially with Leonard, who is making $50 million this season and is guaranteed the same next season, and comes with a lengthy injury history. Harden, playing like an All-Star at a more reasonable $39.2 million (with a player option for $42 million next season), might be a different story, as Tim Bontemps wrote at ESPN.

“The feedback from league insiders has been that, while a team would take on Harden, it may be more difficult to find a landing spot for Leonard because of his injury and the Aspiration case still ongoing. “James has maybe neutral value,” an East scout said. “Kawhi Leonard has negative value.”

Trae Young/LaMelo Ball/Ja Morant

This group of point guards is who I am watching most closely heading into the trade deadline, thinking that one of their teams might decide it’s time to make a major pivot and move on if the right deal comes along.

Except that deal is unlikely to materialize, as ESPN’s Tim MacMahon and Bobby Marks wrote. They said these comments summed up the prevailing opinion on all three.

“I wouldn’t want any of them,” a Western Conference general manager told ESPN.

“They all might have negative value,” an Eastern Conference executive said.

When we get to next offseason that may change for at least one and maybe all three of them, but don’t bet on a deadline deal.

Mets claim RHP Cooper Criswell off waivers from Red Sox

The Mets have added to their pitching depth, claiming RHP Cooper Criswell off waivers from the Red Sox.

Boston signed Criswell to a guaranteed one-year deal above the league minimum this offseason, with hopes of it helping him sneak through waivers when they wanted to clear his 40-man roster spot. 

Instead, the right-hander drew plenty of interest after being DFA’d Thursday, and lands in the Big Apple. 

Criswell served as a versatile swingman during his time in Boston, contributing in the rotation and long relief. 

He enjoyed a strong first season with the club, pitching to a 4.08 ERA in 26 appearances (18 starts). 

The 29-year-old then spent the majority of last year down in Triple-A, appearing in just seven MLB games, before his campaign ended in late-August due to elbow inflammation. 

Prior to the injury, he had a 3.57 ERA and 24.5 percent strikeout rate in 16 games (14 starts) with Worcester. 

Criswell does not have any minor league options remaining.

Fact or Fiction: Chris Paul is a top-5 point guard in NBA history

Each week during the 2025-26 NBA season, we will take a deeper dive into some of the league’s biggest storylines in an attempt to determine whether trends are based more in fact or fiction moving forward.

Last week: The NBA’s new ‘heaves’ rule is working


We have convened a Hall of Fame panel, made up entirely by me, to officially determine whether Chris Paul, a.k.a. The Point God, will retire at season’s end as one of the five greatest point guards in history.

The 40-year-old Paul was sent home this week by the Los Angeles Clippers, his NBA future in peril. 

On The Bill Russell Scale, which we created to rank players’ legacies across time, Paul sits fourth among point guards, trailing only Magic Johnson, Stephen Curry and Oscar Robertson. And that probably is the definitive list of players at the position who are undoubtedly superior to Paul. But even I, the creator of The Bill Russell Scale, can recognize potential flaws, since the system bends toward favoring longevity.

Only 10 other point guards cracked the Russell Scale’s top 75 — Bob Cousy, John Stockton, Russell Westbrook, Steve Nash, Gary Payton, Jason Kidd, Isiah Thomas, Walt Frazier, Tony Parker and Kyrie Irving — and that is a good list of players at the position who could stake a claim to being better than Paul.

Let us start by reaffirming Johnson, Curry and Robertson as the three greatest point guards ever.

Johnson is a five-time champion and three-time MVP who served as the NBA’s best point guard — or got the highest number of MVP votes at the position — for 10 of his 13 seasons. He is widely considered one of the 10 greatest players ever, and at 6-foot-9 he held an advantage a 6-foot Paul never could replicate.

Curry is a four-time champion. He garnered more MVP votes than any other point guard in five of his 16 seasons, winning the award twice, including unanimously in 2016. And he did it all during Paul’s career, establishing himself as undeniably the greatest shooter to ever live. He is knocking on the all-time top 10.

Robertson finished top-five in MVP voting for eight straight seasons and won the award in 1964, when Wilt Chamberlain averaged 50.4 points and Bill Russell was en route to his sixth of eight straight titles, and he was the second-best player (to Kareem Abdul-Jabbar) on the 1971 champion Milwaukee Bucks.

Paul could match neither feat. He never finished higher than second in the MVP race, which he did in 2008, losing to Kobe Bryant, though he placed top five on five occasions over a 14-year stretch. He collected more MVP votes than any other point guard in five of his 21 seasons (2008-09, 2012-13, 2021).

Every one of those 10 other point guards but Stockton can make a claim that Paul cannot, either winning an MVP or a title, and Stockton owns the NBA’s all-time records for assists and steals — by a wide margin.

Paul is second to Stockton on both lists.

Having a championship ring or an MVP trophy alone does not make someone better than Paul. Russell Westbrook, for example, won the 2017 MVP award, even if some folks do not consider him worthy (I am not one of them). If you needed to win a title, though, and had to pick between Paul and Westbrook to get you there, there are few — if any — executives in the league who would choose Westbrook over Paul.

(Exhibit A: The Houston Rockets from 2017-20.)

While Irving won as the second-best player (to LeBron James) on the 2016 champion Cleveland Cavaliers, he has never achieved the heights as a player that Paul did. Not once has Irving received an MVP vote, let alone ranked as the league’s best point guard, in any of his 14 seasons. Something similar could be said of Tony Parker, who never made an All-NBA First Team, as his San Antonio Spurs won four championships.

Paul earned four All-NBA First Team selections, as did Frazier, who won championships as the league’s best point guard for the New York Knicks in 1970 and 1973. Frazier peaked over a seven-year stretch. Paul’s prime lasted twice as long, and his longevity has to count for something. That argument is close.

Chris Paul’s future is up in the air, but there’s no doubt he is headed to the Hall of Fame. (AP Photo/Sue Ogrocki)
ASSOCIATED PRESS

It is closer still to Stockton, Nash, Payton and Kidd. Stockton recorded 3,254 more assists and 537 more steals in his career than Paul, though he never finished higher than seventh in any MVP voting. Nash won back-to-back MVPs in the mid-2000s, but he never made an All-Defensive roster. Paul, on the other hand, made nine All-Defensive teams, as did Payton and Kidd, who each won a championship later in his career.

We could easily imagine Paul winning a title as a bit player on the right team. He just never found it. (At least not yet. There’s still a chance!) And we could make the case that Paul’s path to the 2021 NBA Finals as the second-best player on the Phoenix Suns was every bit as impressive as anything Payton and Kidd accomplished, including Payton’s trip to the 1996 NBA Finals and Kidd’s back-to-back Finals appearances.

But we are not here to debate whether Paul belongs among the 10 best point guards ever. The question posed was whether he is one of the best five, and I think there are two others definitely ahead of him.

Cousy won the league’s 1957 MVP honor during a span when he was the NBA’s best point guard for more than a decade. He was also the second-best player (to Russell) on six championship teams. Sure, you can make the argument that Paul would have dominated in the 1950s, but you could also say that — with the benefit of modern-day training — Cousy may have been every bit as good. What we cannot really debate is whether Paul would have been Paul if not for Cousy, for he revolutionized the position as we know it. 

Thomas was the best player on back-to-back championship teams in 1989 and 1990, at a time when Johnson, Larry Bird and Michael Jordan were plying their trade. Might Paul have steered those stout Detroit Pistons defenses to titles in that era? Maybe, but getting the job done must count for something.

So, too, must Paul’s failures in big moments. His collapse as a member of the Clippers against the Oklahoma City Thunder in Game 5 of the Western Conference semifinals remains a stain on his legacy. He was also on the floor for multiple other collapses, including Game 6 of the 2015 conference semifinals.

Injuries marred several other opportunities in the playoffs, including 2017 and 2018, but that is part of the game. Just ask Thomas, who tore his Achilles and retired at age 32 — but not after he accomplished something that Paul simply cannot touch, back-to-back titles as his team’s best player in a stacked era.

So, there you have it, folks — a pretty clear top five: Johnson, Curry, Robertson, Cousy and Thomas.

Paul just as clearly belongs in the top 10, along with Stockton, Nash, Payton and Kidd. Then, we must figure where Frazier belongs, and whom he replaces in the top 10, but that is a debate for a different day.

Determination: Fiction. Paul is more comfortably in the top 10 than he is any top five.

Fact or Fiction: Chris Paul is a top-5 point guard in NBA history

Each week during the 2025-26 NBA season, we will take a deeper dive into some of the league’s biggest storylines in an attempt to determine whether trends are based more in fact or fiction moving forward.

Last week: The NBA’s new ‘heaves’ rule is working


We have convened a Hall of Fame panel, made up entirely by me, to officially determine whether Chris Paul, a.k.a. The Point God, will retire at season’s end as one of the five greatest point guards in history.

The 40-year-old Paul was sent home this week by the Los Angeles Clippers, his NBA future in peril. 

On The Bill Russell Scale, which we created to rank players’ legacies across time, Paul sits fourth among point guards, trailing only Magic Johnson, Stephen Curry and Oscar Robertson. And that probably is the definitive list of players at the position who are undoubtedly superior to Paul. But even I, the creator of The Bill Russell Scale, can recognize potential flaws, since the system bends toward favoring longevity.

Only 10 other point guards cracked the Russell Scale’s top 75 — Bob Cousy, John Stockton, Russell Westbrook, Steve Nash, Gary Payton, Jason Kidd, Isiah Thomas, Walt Frazier, Tony Parker and Kyrie Irving — and that is a good list of players at the position who could stake a claim to being better than Paul.

Let us start by reaffirming Johnson, Curry and Robertson as the three greatest point guards ever.

Johnson is a five-time champion and three-time MVP who served as the NBA’s best point guard — or got the highest number of MVP votes at the position — for 10 of his 13 seasons. He is widely considered one of the 10 greatest players ever, and at 6-foot-9 he held an advantage a 6-foot Paul never could replicate.

Curry is a four-time champion. He garnered more MVP votes than any other point guard in five of his 16 seasons, winning the award twice, including unanimously in 2016. And he did it all during Paul’s career, establishing himself as undeniably the greatest shooter to ever live. He is knocking on the all-time top 10.

Robertson finished top-five in MVP voting for eight straight seasons and won the award in 1964, when Wilt Chamberlain averaged 50.4 points and Bill Russell was en route to his sixth of eight straight titles, and he was the second-best player (to Kareem Abdul-Jabbar) on the 1971 champion Milwaukee Bucks.

Paul could match neither feat. He never finished higher than second in the MVP race, which he did in 2008, losing to Kobe Bryant, though he placed top five on five occasions over a 14-year stretch. He collected more MVP votes than any other point guard in five of his 21 seasons (2008-09, 2012-13, 2021).

Every one of those 10 other point guards but Stockton can make a claim that Paul cannot, either winning an MVP or a title, and Stockton owns the NBA’s all-time records for assists and steals — by a wide margin.

Paul is second to Stockton on both lists.

Having a championship ring or an MVP trophy alone does not make someone better than Paul. Russell Westbrook, for example, won the 2017 MVP award, even if some folks do not consider him worthy (I am not one of them). If you needed to win a title, though, and had to pick between Paul and Westbrook to get you there, there are few — if any — executives in the league who would choose Westbrook over Paul.

(Exhibit A: The Houston Rockets from 2017-20.)

While Irving won as the second-best player (to LeBron James) on the 2016 champion Cleveland Cavaliers, he has never achieved the heights as a player that Paul did. Not once has Irving received an MVP vote, let alone ranked as the league’s best point guard, in any of his 14 seasons. Something similar could be said of Tony Parker, who never made an All-NBA First Team, as his San Antonio Spurs won four championships.

Paul earned four All-NBA First Team selections, as did Frazier, who won championships as the league’s best point guard for the New York Knicks in 1970 and 1973. Frazier peaked over a seven-year stretch. Paul’s prime lasted twice as long, and his longevity has to count for something. That argument is close.

Chris Paul’s future is up in the air, but there’s no doubt he is headed to the Hall of Fame. (AP Photo/Sue Ogrocki)
ASSOCIATED PRESS

It is closer still to Stockton, Nash, Payton and Kidd. Stockton recorded 3,254 more assists and 537 more steals in his career than Paul, though he never finished higher than seventh in any MVP voting. Nash won back-to-back MVPs in the mid-2000s, but he never made an All-Defensive roster. Paul, on the other hand, made nine All-Defensive teams, as did Payton and Kidd, who each won a championship later in his career.

We could easily imagine Paul winning a title as a bit player on the right team. He just never found it. (At least not yet. There’s still a chance!) And we could make the case that Paul’s path to the 2021 NBA Finals as the second-best player on the Phoenix Suns was every bit as impressive as anything Payton and Kidd accomplished, including Payton’s trip to the 1996 NBA Finals and Kidd’s back-to-back Finals appearances.

But we are not here to debate whether Paul belongs among the 10 best point guards ever. The question posed was whether he is one of the best five, and I think there are two others definitely ahead of him.

Cousy won the league’s 1957 MVP honor during a span when he was the NBA’s best point guard for more than a decade. He was also the second-best player (to Russell) on six championship teams. Sure, you can make the argument that Paul would have dominated in the 1950s, but you could also say that — with the benefit of modern-day training — Cousy may have been every bit as good. What we cannot really debate is whether Paul would have been Paul if not for Cousy, for he revolutionized the position as we know it. 

Thomas was the best player on back-to-back championship teams in 1989 and 1990, at a time when Johnson, Larry Bird and Michael Jordan were plying their trade. Might Paul have steered those stout Detroit Pistons defenses to titles in that era? Maybe, but getting the job done must count for something.

So, too, must Paul’s failures in big moments. His collapse as a member of the Clippers against the Oklahoma City Thunder in Game 5 of the Western Conference semifinals remains a stain on his legacy. He was also on the floor for multiple other collapses, including Game 6 of the 2015 conference semifinals.

Injuries marred several other opportunities in the playoffs, including 2017 and 2018, but that is part of the game. Just ask Thomas, who tore his Achilles and retired at age 32 — but not after he accomplished something that Paul simply cannot touch, back-to-back titles as his team’s best player in a stacked era.

So, there you have it, folks — a pretty clear top five: Johnson, Curry, Robertson, Cousy and Thomas.

Paul just as clearly belongs in the top 10, along with Stockton, Nash, Payton and Kidd. Then, we must figure where Frazier belongs, and whom he replaces in the top 10, but that is a debate for a different day.

Determination: Fiction. Paul is more comfortably in the top 10 than he is any top five.

LeBron James, Luka Dončić out for Lakers’ matchup with Celtics on Friday

The Los Angeles Lakers announced LeBron James is out for Friday night’s game against the Boston Celtics. Luka Dončić and Marcus Smart were also ruled out.

James’ injury designation is right sciatica and left arthritis, while Smart is dealing with a left lumbar muscle strain. Dončić has been away from the team for the birth of his second child in Slovenia.

James is coming off a notable performance Thursday night, when his incredible 10-point streak — which has stood since 2007 — ended in thrilling fashion. With eight points on the stat sheet, James had the ball in the waning seconds of a tie game against the Raptors, but opted to pass to Rui Hachimura, who hit the game-winning 3-pointer.

James has played in just six of the Lakers’ 21 games this season because of sciatica, and his 14.0 average points per game are easily the fewest of his career. His next-lowest total was in his rookie year in 2003-04, when he averaged 20.9 points in 79 games.

Still, the Lakers (16-5) are good for second in the Western Conference behind the one-loss Oklahoma City Thunder.

LeBron James, Luka Dončić out for Lakers’ matchup with Celtics on Friday

The Los Angeles Lakers announced LeBron James is out for Friday night’s game against the Boston Celtics. Luka Dončić and Marcus Smart were also ruled out.

James’ injury designation is right sciatica and left arthritis, while Smart is dealing with a left lumbar muscle strain. Dončić has been away from the team for the birth of his second child in Slovenia.

James is coming off a notable performance Thursday night, when his incredible 10-point streak — which has stood since 2007 — ended in thrilling fashion. With eight points on the stat sheet, James had the ball in the waning seconds of a tie game against the Raptors, but opted to pass to Rui Hachimura, who hit the game-winning 3-pointer.

James has played in just six of the Lakers’ 21 games this season because of sciatica, and his 14.0 average points per game are easily the fewest of his career. His next-lowest total was in his rookie year in 2003-04, when he averaged 20.9 points in 79 games.

Still, the Lakers (16-5) are good for second in the Western Conference behind the one-loss Oklahoma City Thunder.

Paolo Banchero set to return to Magic Friday night after missing 10 games with groin strain

After missing 10 games with a left groin strain, Orlando Magic All-Star Paolo Banchero is set to return to the court on Friday night against Miami. He has been listed as available, the team announced.

Orlando found its stride in the last 10 games, going 7-3 with a top-10 offense and defense in the league over that stretch.

Banchero is averaging 21.9 points and 8.7 rebounds a game this season, but while he was out, the Magic found success with better ball movement — players were making quicker decisions, not holding onto the rock, and seemed to be better at finding the open man rather than trying to feed Banchero or Franz Wagner. While Orlando’s ceiling is clearly much higher with Banchero, he needs to fit his game now into what has been working for this team. To be fair, he had already been doing that more this season, setting more screens and operating as a hub at the elbow at times.

Banchero’s return means he should be available next Tuesday when the Magic host the Miami Heat in an NBA Cup quarterfinals game with a trip to Las Vegas (and a larger Cup bonus check) on the line.