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NBA Trade Breakdowns for a Pair of Three-Team Deals

Breaking down the deals between the Hornets, Bulls and Thunder, then the Raptors, Nets and Clippers.

Morgan Rode Feb 4th 5:19 PM EST.

Jan 29, 2026; Chicago, Illinois, USA; Chicago Bulls guard Coby White (0) brings the ball up court against the Miami Heat during the first half at United Center. Credit: Kamil Krzaczynski-Imagn Images
Jan 29, 2026; Chicago, Illinois, USA; Chicago Bulls guard Coby White (0) brings the ball up court against the Miami Heat during the first half at United Center. Credit: Kamil Krzaczynski-Imagn Images

The NBA trades continue to pile up, so we'll continue to break them down. Let's go over a three-team trade between the Hornets, Bulls and Thunder, then a three-team trade between the Raptors, Nets and Clippers.

We will discuss the trade details, then go over fantasy outlooks for all the teams involved.

Check out more trade breakdowns on FantasySP.

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Trade Details

In the Hornets, Bulls, Thunder trade, the big-name player is Coby White, who went to the Hornets.

Mike Conley Jr. and a future second-round pick also ended up in Charlotte.

Chicago received Collin Sexton, Ousmane Dieng and three future second-round picks.

Oklahoma City got Mason Plumlee in the deal.

Of note in that deal, Conley might not end up playing at all for Charlotte - he was traded to Chicago on Tuesday. Since he got traded twice already, he's eligible to return to the Timberwolves if he were to get cut, so keep eyes on that.

In the Raptors, Nets and Clippers deal, Chris Paul was the biggest name, meaning it's not that big of a trade. He went to Toronto.

Ochai Agbaji and a 2032 second-round pick was sent to Brooklyn, while Los Angeles acquired the rights to Vanja Marinkovic.

Of note from that deal, Paul could be traded again before the deadline. He's not expected to report to Toronto.

Outlook for the Hornets

White should stick in Charlotte, but he might not end up starting.

LaMelo Ball, Kon Knueppel, Brandon Miller, Miles Bridges and Moussa Diabate are the projected starting five for the Hornets for now. That was already a pretty good starting group, but now there's some room to proceed if they want to move on from a guy like Ball or Bridges.

White is a backup option at point guard or shooting guard. If Ball is moved, White could end up starting for Charlotte. 

Conley would be another point guard option, but is pretty buried on the depth chart. I think he ends up getting dealt, or cut from the roster. 

Tre Mann is another young player who can play either guard spot. He would rarely ever play if Conley sticks, and he might not play much regardless.

Josh Green is another guard option, as is Sion James. Both those guys are secondary options at small forward too. In time, I'd expect Charlotte to look to replace those two.

Liam McNeeley is another option at the 3 spot, and he could slide to the 4 spot too. Grant Williams and Tidjane Salaun are already probably ahead of McNeeley at the power forward spot. 

Pat Connaughton is buried on the bench already, and this trade doesn't help his cause. He too could be traded/cut soon.

Ryan Kalkbrenner is a quality backup at center. Williams could also slide there too.

I like the Hornets adding White in the three-team trade. It opens avenues for more deals, and sets the Hornets up even better for the long run.

Outlook for the Bulls

The Bulls had an overabundance of guards after some trades on Tuesday, so dealing White and Conley made a ton of sense.

Anfernee Simons (a guard the team traded for on Tuesday) could be in line to start with White out of the picture now. Jaden Ivey, Ayo Dosunmu, Tre Jones and now Sexton are additional options for the shooting guard spot.

Josh Giddey will handle the point guard spot when he's healthy. Jones, Ivey, Simons and Dosunmu are other options there, and will help handle things until Giddey returns from his injury.

Isaac Okoro is still the starter at small forward, with Dosunmu, Dalen Terry, Julian Phillips and Patrick Williams are other options. I still think there's too many guards in Chicago, but at least now some of the guys we've mentioned several times already have clearer paths to playing time.

Matas Buzelis is the power forward, while Jalen Smith is the center. Terry, Dieng, Williams and Phillips are PF options, while Williams, Lachlan Olbrich, Dieng and Zach Collins (eventually) are options at C.

After trading away Nikola Vucevic, there's a void at center. Smith is being heavily added today as a result. 

More trades could even out the roster, but as is, there's a stack of guards/forward jockeying for playing time, and then not many big men. It creates a weird situation in Chicago, and one to follow over the next few weeks.

There will be more adds/drops based on how things shake out.

Jan 17, 2026; San Francisco, California, USA; Charlotte Hornets guard Collin Sexton (8) takes a three-point shot against the Golden State Warriors during the third quarter at Chase Center. Credit: John Hefti-Imagn Images
Jan 17, 2026; San Francisco, California, USA; Charlotte Hornets guard Collin Sexton (8) takes a three-point shot against the Golden State Warriors during the third quarter at Chase Center. Credit: John Hefti-Imagn Images

Outlook for the Thunder

The Thunder needed to get rid of a player after acquiring Jared McCain earlier in the day. They didn't accomplish that, as they added Plumlee. 

If Plumlee sticks in OKC, he'll be an option at center, which is held down by Isaiah Hartenstein. Jaylin Williams and others are also options at that spot, so another center isn't really needed, so we'll see if Plumlee sticks around.

Read that article on McCain for my overview of the Thunder, because this trade doesn't impact much of anything.

Outlook for the Raptors

With Paul not expected to report to Toronto, it doesn't impact the roster much. Agbaji wasn't playing much for the Raptors.

The move also means that the team could be done for this trade deadline. Toronto is pretty set as is, so it makes sense to keep riding things out with the group that has held things down so far.

One thing that could happen is Jakob Poeltl being traded. He's been injured and seems to be on the outside of the team's plans going forward now.

Immanuel Quickley, Brandon Ingram, RJ Barrett, Scottie Barnes and Collin Murray-Boyles are the starters. Jamal Shead, Ja'Kobe Walter, Gradey Dick and Sandro Mamukelashvili are some of the bigger backups.

What trading Agbaji does is essentially open up a roster spot/playing time for others. A.J. Lawson, Jamison Battle and Jonathan Mogbo are among the guys who could take over Agbaji's small role.

Outlook for the Nets

Agbaji is probably just a bench option for the Nets, and is buried behind several others most likely.

Brooklyn could make some more moves before the deadline, but for now, Nolan Traore, Egor Demin, Michael Porter Jr., Noah Clowney and Nicolas Claxton are the projected starters.

Cam Thomas is still in town, and Ben Saraf, Ziaire Williams, Danny Wolf and Day'Ron Sharpe are some other top reserves. Terance Mann, Drake Powell, Tyrese Martin and Jalen Wilson are others still around too, which is why I don't expect too much out of Agbaji.

Outlook for the Clippers

LA trading Paul for the rights to Marinkovic does nothing for the current roster/rotation, as neither guy was playing anyways.

I broke down the Clippers in the trade story for James Harden and Darius Garland, so read that to see my thoughts on LA's roster/rotation. 

Much like the other two teams in the deal, the trade really doesn't mean a whole lot for fantasy. It's at least worth mentioning though.

#trades

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