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Trade Rumors: Magic, Raptors, Celtics, Cavs, Thunder, AD

February 1, 2026 by Hoops Rumors

Sources around the NBA expect the Magic to make a move at the trade deadline to move under the luxury tax line, according to ESPN’s Tim Bontemps and Brian Windhorst. Orlando is operating about $5.6MM into the tax, so a deal involving Tyus Jones‘ expiring $7MM contract could address the issue. However, as Bontemps and Windhorst point out, it wouldn’t do anything to alleviate Orlando’s cap crunch in future seasons.

The Magic project to be in second-apron territory next season and will likely be opening negotiations with standout guard Anthony Black on a rookie scale extension that would begin in 2027/28. Rivals teams are curious to see if the team will be looking to move off of longer-term salary at the deadline or in the offseason, per ESPN’s duo, and are also wondering whether the front office has any regrets about the maximum-salary extension it gave Paolo Banchero last summer.

“Banchero is a physically gifted and highly talented player who doesn’t always make his team better, and it reminds you at times of Carmelo Anthony in that way,” one Western Conference executive said. “He’s young, and I’m sure they believe that he can mature into a player who does that. But I’d guess (Orlando) is concerned about having given him a full max with an opt out.”

We have more trade rumors from across the league:

  • According to Bontemps and Windhorst, while it remains unclear whether a favorable opportunity will present itself, sources view the Raptors as a potential buyer with the assets necessary to be aggressive on the trade market at the deadline. “There are only a few teams out there who have full control of their drafts,” an Eastern Conference executive told ESPN. “That makes (the Raptors) a buyer if they want. But when you look at their contracts ($165MM to their top five players next year), they’re going to need those picks.”
  • Rival teams view the Celtics as a candidate to make a deal for frontcourt help, but an upgrade along the margins is more likely than a significant deal for a player like Jaren Jackson Jr., Bontemps and Windhorst write.
  • ESPN’s duo also checks in on the Cavaliers, noting that the team is heading toward a “gut check moment” with Donovan Mitchell, who has one more guaranteed year left on his contract and has yet to reach the conference finals. Cleveland also has the NBA’s highest payroll and projects to be in the second apron again next season. “Cleveland is active (in trade discussions),” one exec told Bontemps and Windhorst. “We’re not sure what they’re trying to set up — and they may not be either — but they’re active.”
  • While the Thunder are unlikely to make any significant changes to their 38-11 roster at the trade deadline, ESPN’s Brian Windhorst said in the latest Hoop Collective podcast (YouTube link) that he has heard some rumblings about them poking around the market for centers.
  • Responding to a report that stated he wants his client Anthony Davis to be traded, agent Rich Paul referred to it as “fake news” (Twitter video link). However, while Paul made it clear he has nothing against the Mavericks or Dallas, he didn’t exactly deny the substance of that report, which suggested he wants Davis on a team that’s more likely to extend him. “It’s not like you want a guy moved just for the sake of being moved,” Paul said on the Game Over podcast. “If a guy is happy where they are, great. You care about people’s families. You care about the guys’ well-beings, and you care about if they’re happy. Now, from a business perspective, you want guys to be positioned and you want guys to be paid. I really don’t care where the money comes from. The money can come from the 31st team of the NBA for all I care. It doesn’t matter, as long as my guy’s positioned and paid, that’s all I want to do.” At this point, a Davis trade appears unlikely to happen by Thursday’s deadline.

Filed Under: Raptors

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