As of Wednesday morning, there has yet to be an NBA trade executed this season during the month of February.
The early winners and losers ahead of this year's deadline, as a result, include a collection of teams who finalized trades last month—well in advance of the trade buzzer scheduled to sound this Thursday at 3 p.m. ET.
Each winner and loser was measured by how the assets they acquired in each trade have impacted their team since, as well as by how each deal projects moving forward.
By Thursday night I expect this list to be longer as trade talks continue to heat up around the league. In the meantime, however, this is where we stand.