2026 NBA Draft Trade Tracker and Grades

The NBA Draft is upon us, and trades are happening all over the league.

The Minnesota Timberwolves, Brooklyn Nets, Chicago Bulls, Milwaukee Bucks and Miami Heat got the party started with trades involving Julius Randle and Giannis Antetokounmpo, and the action and rumors kept flying through Tuesday.

As each one comes through, B/R will be here with instant reaction and analysis.

Giannis Antetokounmpo to the Heat

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Heat Receive: Giannis Antetokounmpo and Bobby Portis

Bucks Receive: Tyler Herro, Jaime Jaquez Jr., Kel'el Ware, Kasparas Jakučionis, three first-round picks, one first-round pick swap and one second-round pick

There are plenty of winners and losers from the Bucks' and Heat's mega-swap that sent Giannis to Miami, but this move is not without its risks.

Giannis could be post-prime; he's often injured and his game isn't a perfect fit next to Bam Adebayo's (at least on offense).

But as a pure talent play, even with all Miami gave up, this is understandable. The Heat now have a player who's still one of the 3-5 best in the world when he's healthy.

And the Bucks can finally start their long overdue rebuild with a solid haul.

Heat Grade: B+

Bucks Grade: A-

Timberwolves Unload Julius Randle

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Nets Receive: Julius Randle and the No. 28 pick

Timberwolves Receive: No. 33 pick

Bulls Receive: Nic Claxton

This is a fascinating deal for everyone involved.

With the new anti-tanking measures put in place by Adam Silver, there isn't much incentive left for losing, so the Brooklyn Nets and Chicago Bulls both getting rotation-level big men for free makes sense.

Brooklyn, specifically, gets a former All-Star whose driving game should complement Michael Porter Jr.'s shooting well.

And for the Timberwolves, getting out of the rest of Randle's contract while only having to move down five spots is a major financial win.

Nets Grade: A-

Bulls Grade: B

Timberwolves Grade: Incomplete (for now...)

Read the Full Trade Grades Breakdown Here

Bennett Stirtz to the Oklahoma City Thunder

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Thunder Receive: Bennett Stirtz (No. 16 pick)

Pistons Receive: Ebuka Okorie (No. 17 pick)

Grizzlies Receive: Karim Lopez (No. 21 pick) and five second-round picks

The benefit of having a treasure trove of future second-round picks is being able to pounce on a draft-night trade the way OKC did on Tuesday.

And given how expensive the top of the Thunder's roster is, they need contributors on rookie deals. Stirtz's shooting, playmaking and intelligence could make him a contributor on that rookie contract.

For Detroit, Ebuka Okorie is one of the more exciting guard prospects, and it really needs some punch behind Cade Cunningham.

Finally, the Grizzlies getting five second-round picks just to slide back five spots outside the lottery (and still get a high-upside swing) feels like an obvious win.

Thunder Grade: B+

Pistons Grade: B+

Grizzlies Grade: A+

Lakers Move Up for Cameron Carr

Lakers Receive: Cameron Carr (No. 24 pick)

Mavericks Receive: Sergio de Larrea (No. 25 pick)

Suns Receive: Koa Peat (No. 30 pick)

Knicks Receive: five future second-round picks

These are logical moves for everyone involved.

The Lakers get a sweet-shooting combo forward who'll also add athleticism to a wing corps that's missing it.

The Mavericks get a high-upside, high-feel playmaker who could make life easier for Cooper Flagg down the road.

The Suns got a big-bodied, high-feel forward who'll add to the gritty identity Phoenix established last season.

And the Knicks added several assets that could be repurposed in future trades.

Lakers Grade: A

Mavericks Grade: A

Suns Grade: B

Knicks Grade: B

Nuggets Trade Out of the First Round

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Nuggets Receive: No. 35 pick and two future second-round picks

Spurs Receive: Tarris Reed (No. 26 pick)

This is a head-scratcher for a Spurs team that already has Victor Wembanyama and Luke Kornet and took Jayden Quaintance earlier in the first round.

Reed can do a lot of damage around the rim, but it's hard to imagine him finding the floor much for the next few years.

For the Nuggets, they simply must not have liked anyone who was left on the board. And after the previous regime churned through most of the team's assets, it makes sense to recoup some here.

Nuggets Grade: B

Spurs Grade: D

Kings Move Up for Karaban

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Kings Receive: Alex Karaban (No. 29 pick)

Cavaliers Receive: No. 34 pick and a future second-round pick

Like Denver, Cleveland clearly didn't like anyone left in this range. So it traded out of the first round entirely and got a little incentive to do so in the form of a future second. The drop from 29 to 34 is small enough that it'll almost certainly be worth it.

Conversely, it's interesting that Sacramento would give up extra value for a player many had graded as a second-rounder.

Kings Grade: C

Cavaliers Grade: B+

Grit N' Grind is Back

Grizzlies Receive: Isaiah Stewart

Pistons Receive: Three second-round picks

This is chump change for a team with a number of assets and a need for depth behind the oft-injured Zach Edey. Beyond that, Isaiah Stewart's game seems tailor-made to restore grit-n-grind to Memphis.

As for the Pistons, this seems as much like a salary dump as anything. This could be signaling a bigger move to add an offensive player who can take something off Cade Cunningham's plate.

Grizzlies Grade: A

Pistons Grade: Incomplete

Lakers Land a Second-Rounder

Lakers Receive: No. 56 pick

Bulls Receive: Cash

We'll certainly revisit this after the pick is made, but this isn't hard to understand from either side.

L.A. almost certainly has its eyes on a sleeper it hopes will be available at the end of the second round. It's worth it to go for him with some cash.

And for Chicago, there's already plenty of young talent on the roster. A second-rounder in this range would've been a long shot to make the team anyway.

Lakers Grade: A

Bulls Grade: A