How the NBA Draft will feel the effects of this year’s wacky trade deadline
The 2023 NBA trade deadline was arguably the most consequential in history, with superstars such as Kevin Durant and Kyrie Irving being dealt who have a chance to shift the title race.
We also saw draft picks flying everywhere. With the 2023 draft set to introduce two franchise-altering talents into the league in Victor Wembanyama and Scoot Henderson, teams set to have top selections were very careful to hold onto their picks, and teams positioned in the middle to the latter portion of the lottery made some moves that could increase their lottery odds. We also saw a very creative bet by the Houston Rockets, multiple first-rounders change hands and second-round picks moved at a rate the league has never seen before.
Let’s dive into the relevant 2023 NBA Draft implications of the trade deadline and how it could go about shifting altering things in June.
Race for Vic and Scoot heats up
Wembanyama and Henderson are, by far, the most relevant pieces of the draft puzzle. They are seen leaguewide as likely bets to make All-NBA teams in the future. Any moves made to potentially increase or decrease the odds of acquiring one of those two are the most valuable pieces of information here. And we have to start with Utah.
The Jazz have been one of the best stories in the NBA this season, moving both Donovan Mitchell and Rudy Gobert in the offseason and still maintaining relevance through a star turn by forward Lauri Markkanen and a standout performance by first-year coach Will Hardy. But things just got much more difficult.
The Jazz traded three important rotation players in point guard Mike Conley, floor spacer Malik Beasley and defensive ace Jarred Vanderbilt. Conley was the team’s starting point guard, in the midst of a remarkably underrated year that I examined last week. Beasley was playing 27 minutes and averaging 13 points per night. Vanderbilt had started 41 games as a versatile chess piece on defense. In exchange, the team acquired Russell Westbrook — with whom the team is working to determine whether he’ll join the franchise — and a 2027 first-round pick. It seems likely the Jazz did not get any present-day value in return for three useful players, meaning they undeniably got worse. But how much worse?
As of Tuesday afternoon, the Jazz are 29-30 and in 10th place in the West. That places them 13th in the lottery odds order, which would give them a 1 percent chance at the No. 1 overall pick and a 4.7 percent chance at the top four. However, they’re only 2 1/2 games out of the seventh-best lottery odds. Finishing there would see their chances at the No. 1 pick spike to 7.5 percent and the chances at a top-four pick jump to over 31 percent. That’s why this is so important. Making the Play-In Tournament wouldn’t change the team’s future at all. But Utah increasing its chances of getting Wembanyama by a factor of seven might be the difference in changing the trajectory of the franchise moving forward.
That’s why I think people were wrong to wonder if Utah got enough back in the three-team deal with the Los Angeles Lakers and Minnesota Timberwolves. In all likelihood, the Jazz drastically increased their chances to get the franchise changer the team desperately needs. And with their army of draft assets, Utah is extremely well-positioned moving forward. The Jazz should be doing everything it can to position itself best for those legitimate difference-makers. This was a bet worth making.
On the other side of the equation, Toronto found itself in a similar position. The Raptors could have traded Fred VanVleet, Gary Trent Jr. and O.G. Anunoby and similarly slid down into the depths of the lottery to increase their chances of finding another star to pair with Pascal Siakam and Scottie Barnes. But they went the opposite way, keeping that trio and actually adding talent by trading for Jakob Poeltl, the 7-foot center they so desperately have required as a last line of defense for their perimeter aggression. The Raptors are bottom 10 in the league in percentage of shots they allow at the rim and bottom 10 in field goal percentage allowed at the rim, per PBP Stats.
Given the Raptors already have Barnes as a potential long-term franchise player and Siakam as a multi-time All-NBA player in his prime, there was more of a case for Toronto to buy. Additionally, the team’s center position was such an enormous black hole of production that adding Poeltl could make a genuine difference. We’ll see if they made the right move this summer when VanVleet is a free agent and Anunoby enters the final year of his contract.
Some other teams worth considering:
- I’m skeptical that any team playing Damian Lillard full minutes will ever be able to tank, but Portland did end up getting worse from a present talent perspective. More on them later.
- San Antonio moving Poeltl only likely further solidifies its push toward the bottom of the league. The Spurs weren’t far off with him.
- Charlotte moved two useful frontcourt players in Mason Plumlee and Jalen McDaniels and didn’t receive any current value in return, potentially better positioning itself for a top-four pick (as well as opening up minutes for recent first-rounders Mark Williams and Kai Jones).
- The Lakers got better, likely reducing the value of the Pelicans swap rights that were shaping up to be extremely useful. It’ll be interesting to see if the Pelicans missed their window to cash in on that pick via trade earlier in the season when it seemed like the Lakers were a bit more aimless than they seem to be now. As my colleague John Hollinger says, there is no reason you have to wait until the trade deadline to make trades.
Houston gets creative with its Eric Gordon trade
Instead of maximizing second-round picks in return for Gordon, the Rockets did something a little more interesting: They essentially bet against the LA Clippers the rest of the way.
In a three-team deal also involving the Memphis Grizzlies, the Rockets sent Gordon to Los Angeles essentially for a non-traditional swap of first-rounders. The Rockets had the Milwaukee Bucks’ first-round pick this year from a prior P.J. Tucker move, currently slotted at No. 29. To get Gordon, the Clippers’ agreed to swap that pick with their own first-round pick this season. Currently, the Clippers are slotted at No. 19 in the draft order.
The swap language is complicated mildly by the fact that the Thunder also have a potential pick swap with the Clippers this year, and LA is only two games ahead of Oklahoma City entering Tuesday. Basically, the Thunder are at the top of the food chain. They get the best pick out of their own pick and the Clippers’ pick. The Rockets get the least favorable out of those two picks. If the Clippers end up in the top six somehow (essentially by losing in the Play-In and getting exceptionally lucky on draft night), the Clippers would keep their pick and the Rockets would be given the Clippers’ second-rounder this year. The way this is most likely to go, though, is the Thunder keep their own pick, the Rockets get the Clippers’ pick and the Clippers get the Milwaukee pick.
In relative terms, it’s a gamble. With the Bucks 9 1/2 games up on the Clippers entering Tuesday, there is no fear of LA passing Milwaukee. But the Clippers are only 2 1/2 games back of the No. 23 overall pick, which could cut the value of this swap in half. They’re also only two games up on Oklahoma City, currently outside of the playoff picture at No. 13, which could spike the value. There is risk/reward both ways, especially for a team that has immense talent with Kawhi Leonard and Paul George but a dysfunctional offense and prior injury concerns.
I tend to have faith in this Clippers roster to figure it out. Leonard and George are too good, and the team is 21-11 in games that Leonard plays this season. The Clips are gearing up for the playoffs and Leonard playing more minutes. It’s a reasonable assessment that the Clippers probably end up in the No. 21 to No. 24 range. The team also has real incentive to play Leonard more given how tightly bunched the West is (anything from the Play-In to home-court advantage remains in the balance).
If we’re trying to put a value on what these swap rights are worth — depending on what the final swap spread is — it’ll probably be something in the ballpark of the No. 25 to No. 38 pick. Typically, the cost to move up from the 20s to the teens is a first-round pick. Last season, the Grizzlies paid the No. 28 pick to move up from No. 23 to No. 19 to draft Jake LaRavia. In 2020, the Thunder traded Minnesota the No. 28 pick to move up six spots from No. 23 to No. 17 to get Aleksej Pokuševski. If the Clippers end up somewhere in the teens, this swap will be equivalent to a late first-round pick. If the Clippers end up more in the early 20s, the value of the swap will probably be more like an early second-rounder. In that same draft 2020 draft, the Jazz traded the No. 38 pick to move up four slots from No. 27 to No. 23. In 2019, the cost for Philadelphia to move up from No. 24 to No. 20 was the No. 33 pick.
Given that a first-rounder seemed to not be available for Gordon, this is a creative workaround by the Rockets’ front office to potentially maximize his trade value.
First-round picks that changed hands
The Trail Blazers acquired a lottery-protected Knicks 2023 first-round pick (al0ng with Cam Reddish) for Josh Hart. The Knicks are currently slated to have the No. 21 pick in 2023 NBA Draft. I liked that deal for the Knicks because Hart is a great fit with Tom Thibodeau. While I have questions about Portland’s direction, the value in this trade for the Blazers is very reasonable. Acquiring a first-round pick for a starter-quality player who is on essentially an expiring contract makes sense.
The Brooklyn Nets acquired the Phoenix Suns’ unprotected 2023 first-round pick in their deal for Kevin Durant. That pick is currently slated to be No. 20 overall. With Durant being moved to Phoenix and the Western Conference being so jumbled, that selection will likely slide down the order after the All-Star break. The Suns are only 2 1/2 games behind the No. 24 pick, which is currently held by the Nets. The Nets will undeniably be hoping that the 2023 first-rounder will be the worst of the four first-rounders the Suns will send to Brooklyn between now and 2029.
For Nets and Blazers fans, players to watch in the No. 15 to No. 25 range include Pepperdine’s Max Lewis, Indiana’s Jalen Hood-Schifino, Ohio State’s Brice Sensabaugh, Central Florida’s Taylor Hendricks, Connecticut’s Jordan Hawkins, South Carolina forward G.G. Jackson, Duke prospects Dariq Whitehead, Kyle Filipowski, and Dereck Lively II, Tennessee’s Julian Phillips, Iowa’s Kris Murray and New Zealand wing Rayan Rupert.
The Portland/Chicago conundrum
The Blazers owe the Bulls a first-round pick. The Bulls acquired this pick in August 2021 in the three-team deal that sent Markkanen to Cleveland, Larry Nance Jr. to Portland and the Blazers’ 2022 lottery-protected first-round pick (as well as Derrick Jones Jr.) to Chicago. The Blazers missed the playoffs last season, so the obligation rolled over to become a 2023 first-round pick. The pick is lottery protected as a first-round pick through 2028, and then transitions into a 2028 second-rounder. Because of the long tail on first-round protection, the Bulls aren’t at risk yet of this selection losing its asset value.
However, with Markkanen’s leap toward All-Star starter status in Utah, this owed selection has become a source of consternation among the Bulls’ fan base, given that they have nothing to show yet for the departure of someone who has since showcased star upside. It’s also a future draft obligation that — due to the Stepien rule — currently limits potential buy-now moves for the Blazers (although Portland general manager Joe Cronin did note in his post-trade deadline news conference that the Bulls and Blazers have had table-setting discussions regarding this pick if the Blazers did need to quickly free up some flexibility to make a buy-now trade). It feels like a situation nobody is winning right now — especially when considering the Bulls also owe their own top-four protected first-round pick to Orlando.
Unfortunately, it’s difficult to say that the Blazers positioned themselves to better contend for a playoff berth this season at the deadline. Portland, currently 27th in defensive rating, moved its two best perimeter defenders in Gary Payton II and Hart and received Matisse Thybulle and Reddish in return. While those deals might help them in the long term (in addition to the Knicks’ first-round pick), it is a downgrade in the short term. The Blazers are just outside the Play-In Tournament, sitting at 11th in the West. The Play-In qualification picture around them should come out in a wash, as Utah at No. 10 downgraded and the Lakers at No. 13 upgraded. The good news for the Bulls is that the Blazers still have Lillard, and he could carry them to the postseason in two straight Play-In games. Portland making the playoffs would allow the pick to transfer. The bad news is that the Dallas Mavericks, Suns and Clippers all made upgrades, making it less likely for the Blazers to get into the top six and immediately qualify for the playoffs.
Following the deadline, it feels like this pick is even more likely to roll over into 2024, given that Portland made future-facing moves as opposed to buy-now decisions.
The flood of second-rounders
One of the things fans have asked me most following the trade deadline is why teams are willing to move so many second-round picks in these deadline deals. I’ve asked around to a few front-office executives. The most common responses were two-fold, and they’re tied together at the hip.
First, following the spending spree this summer involving Gobert, Dejounte Murray and others, the cost of doing business to acquire true difference-makers is rising. It’s why Toronto, for instance, placed such a high price tag on Anunoby. Teams want to keep their asset chest as complete as possible to be in the mix to acquire those types of players.
In that vein comes the other piece of the most common answer: The goal is to maintain as much future trade flexibility as possible. Teams aren’t valuing making those first-round picks more; they’re valuing the potential to trade those first-rounders more. With the Stepien rule in place, you can only move, at most, four first-round picks at once, unless you have additional picks in your asset chest from other deals. When teams are buying to contend as opposed to rebuilding to accumulate assets, they typically don’t have those extra picks. As mentioned above, having first-round picks out with future rollover obligations can create flexibility hassles moving forward. If you have to put “next available pick” language into a deal, it reduces the number of picks you can actually send out. Or it could create a situation where, to satisfy trade rules, you have to completely unprotect the picks, which leaves the door open for impending disaster in drafts that are three-plus years out.
Compare the Blazers’ situation to how the Knicks chose to protect their pick in the Hart deal. Because Portland rolled over the protections year-over-year in the Nance/Markkanen deal, the Blazers run into flexibility issues that could result in them needing to grease the wheels with Chicago with a further asset to extinguish that future obligation in order to swing a bigger move. However, the Knicks made the pick they gave up in the Hart trade lottery protected in the 2023 draft, and if the pick doesn’t transfer this year, it immediately becomes four second-rounders. By creating certainty that the obligation will finish this year, the Knicks maintain flexibility moving forward. Of course, you can’t always do that in deals, and teams acquiring the pick typically want the first-round rollover obligations to extend as long as possible. It’s all negotiation.
Second-round picks, however, are not beholden to the Stepien rule. Beyond being less valuable than first-round picks, these can be moved relatively easily with much fewer concerns about losing them causing future hassles. It’s always good to have more in the bank for situations like this, but they’re also somewhat easily acquirable. On top of that, there are significantly diminishing returns the further down the draft order you go. From the 2012 draft to the 2020 draft, only five out of 90 picks in the final-10 selections ended up becoming even borderline rotation players.
But some valuable second-rounders did move. The most important acquisition in this regard was actually what will likely be a reacquisition. The Hornets got back their own second-rounder — right now No. 34 overall — in the three-team with Philadelphia and Portland that saw them ship Jalen McDaniels to Philly and the 76ers ship Thybulle to Portland.
The Lakers moved the Bulls’ 2023 second-rounder — currently the No. 38 overall pick — as one of the three they traded for Rui Hachimura. Additionally, one of the picks in the Poeltl trade to Toronto is the Raptors’ 2023 second-rounder, which is slated to be the No. 40 pick.
Quick housekeeping on pick obligations
- The Pistons owe a top-18 protected 2023 first-round pick to the Knicks following a convoluted series of trades throughout the last three years that began on draft night in 2020. That pick will obviously not be transferring this season, as Detroit is in last place in the East. This pick is top-18 protected in 2024, top-13 protected in 2025, top-11 protected in 2026 and top-nine protected in 2027. Tying this heavily-protected pick to long tail of obligations did not make sense at the time for Detroit, and continues to not make sense.
- Charlotte owes San Antonio a top-16 protected 2023 first-round pick following a series of trades involving Kai Jones, Reddish and eventually the Hawks’ acquisition of Murray. Charlotte is guaranteed a losing record, so that pick will not transfer. It is lottery protected moving forward in 2024 and 2025 before becoming two future seconds.
- Chicago owes a top-four protected 2023 first-round pick to Orlando following the Nikola Vučević trade. The Bulls made no moves at the deadline and will be hoping for lottery luck to retain this pick if they don’t make the Play-In Tournament (they’re currently a half game back of Washington for the 10th seed in the East).
- Speaking of the Wizards, they owe a lottery-protected first-rounder to New York this year. That pick has diminishing protections through 2026 before it becomes two second-rounders. This pick is not favored to transfer right now, but it has a chance.
- The Knicks still have Dallas’ top-10 protected first-round pick this season. The pick was likely to go through this year anyway, but with the Mavs’ acquisition of Kyrie Irving, it all but confirms that this pick will transfer and thus end the Mavericks’ obligations from their ill-fated Kristaps Porziņģis trade.
- None of the top-five teams in the league currently own their first-round picks in 2023. Denver is sending its pick to Charlotte following a few deals that began back in 2020. Boston will send its first to Indiana following the Malcolm Brogdon deal. As mentioned above, the Clippers will likely end up with the Bucks’ pick. Cleveland owes Indiana its first-round pick as a result of the Caris LeVert deal. And Philadelphia would currently send its pick to Utah as part of a convoluted pick swap arrangement also involving Brooklyn.