NBA trade deadline 2026: Biggest winners and losers, featuring the Bucks, Cavs and Warriors

  • Dan Devine
  • February 5, 2026
The 3 p.m. buzzer has sounded, and the 2026 NBA trade deadline is officially in the books. While the league didn't witness a seismic shift comparable to the historic player movement of previous years, the landscape of both conferences has been undeniably altered. Front offices in Cleveland, San Francisco, and Milwaukee chose drastically different paths—some pushing all their chips to the center, while others appeared paralyzed by the weight of their own expectations.

The Cleveland Cavaliers emerged as the deadline’s undisputed winners, finally executing the backcourt breakup that pundits have demanded for seasons. By sending Darius Garland to the Los Angeles Clippers, the Cavs acquired James Harden, a move that fundamentally changes their ceiling. While Harden is entering the twilight of his career, his elite playmaking and size offer a far superior complement to Donovan Mitchell than Garland’s redundant skillset. Cleveland also bolstered its perimeter defense by adding Dennis Schröder and Keon Ellis in the deal, addressing the point-of-attack weakness that plagued them in last year's playoffs. The Cavs are no longer just a good regular-season team; they are built for a deep run.

Conversely, the Golden State Warriors engaged in a high-stakes gamble that defines the term "all-in." The Jonathan Kuminga experiment is officially over, with the Warriors shipping the forward and Buddy Hield to the Atlanta Hawks for Kristaps Porzingis. Golden State has signaled they are maximizing the final window of Stephen Curry’s prime regardless of the cost. Porzingis brings the spacing and rim protection the Warriors have desperately craved, theoretically unlocking a lethal five-out offense. However, relying on the oft-injured big man to stay healthy for a postseason grind is a massive risk. If Porzingis stays on the floor, Golden State is terrifying; if not, they may have sold their future for a suit on the bench.

Finally, the Milwaukee Bucks find themselves in the loser’s column simply by standing still. Despite rampant speculation and a roster that looks increasingly stale, the Bucks refused to trade Giannis Antetokounmpo or make a significant marginal upgrade. While retaining a superstar is rarely a "loss" in a vacuum, Milwaukee failed to improve a supporting cast that has fallen behind the East's heavyweights. They are effectively delaying an inevitable rebuild, trapping a generational talent in competitive purgatory rather than capitalizing on his massive trade value while it remains at its peak.