The 2023 NBA Trade Deadline is Nearly Here – Learn More About the Trade Deadline and what to expect in the final days before the trade deadline expires.
About the NBA Trade Deadline
The NBA trade deadline is an annual event that occurs in February each year and in 2023, falls on February 9th.
The NBA Trade Deadline marks the final day teams can make deals to add or remove players from their rosters. On this day, teams look to sign or release players and send players away or bring them in through trades. It’s an exciting time for all involved, as teams jockey for position and attempt to strengthen their lineup for the second half of the season.
How Will NBA Teams Decide Who to Trade in 2023?
Teams evaluate players using a variety of metrics, such as their offensive and defensive ratings, assists per game, field goal percentage, age, contract status and injury histories. They then compare those metrics against other players in the league to determine which player is most likely to bring them the highest return in terms of salary and overall production on the court.
Team Cohesiveness – Teams also consider team chemistry when deciding who to trade. They will look at how well a particular player fits into their existing group of players and system of play to determine if they should make a move to acquire or release them.
Financial Sense – Lastly, a lot of trades simply have to do with the money. All NBA Teams have to allocate salaries according to the NBA Salary Cap, and sometimes, a player with a high salary might be traded to another team to free up some salary, and get several new players, or simply re-allocate the money.
The Most Shocking NBA Trades of all Time
The 2023 NBA trade is an exciting time for everyone. Why? Because you never really know for sure what is going to happen. Sports commentators and agents have their ideas and there is always a lot of speculation, but there are almost always some surprises in store during the NBA Trade.
Some of the Most Shocking NBA Trades of All Time
- The New York Knicks sending Patrick Ewing to the Seattle Supersonics in 2000
- The Oklahoma City Thunder trading James Harden to the Houston Rockets in 2012
- The Boston Celtics trading Paul Pierce and Kevin Garnett to the Brooklyn Nets in 2013
- The Los Angeles Lakers trading Vlade Divac for Kobe Bryant in 1996
- The Cleveland Cavaliers sending Kyrie Irving to the Boston Celtics in 2017
More recently (since 2017) – there have been some major surprises on NBA Trade Day.
Since 2017, there have been several NBA trades that have surprised people, including:
- The Toronto Raptors trading DeMar DeRozan and Jakob Poeltl to the San Antonio Spurs for Kawhi Leonard and Danny Green in 2018
- The Houston Rockets trading Chris Paul to the Oklahoma City Thunder for Russell Westbrook in 2019
- The Phoenix Suns sending T.J. Warren and a 2020 first-round pick to the Indiana Pacers for cash considerations in 2020
- The Los Angeles Clippers sending Tobias Harris, Boban Marjanovic, Mike Scott and a 2020 first round pick to the Philadelphia 76ers for Landry Shamet, Wilson Chandler, Mike Muscala and four draft picks in 2019
- The Brooklyn Nets acquiring James Harden from the Houston Rockets for Caris LeVert, Jarrett Allen, Taurean Prince and three unprotected first round picks in 2021
Who Can We Expect to See Traded on the 2023 NBA Trade Day?
According to an article on CBS Sports, there are going to be five primary teams dominating the 2023 NBA draft market come February 9th. They are:
- San Antonio Spurs
- Washington Wizards
- Chicago Bulls
- Atlanta Hawks
- Toronto Raptors
All of these teams will be looking to bolster their rosters by trading out players to diversify salaries, take on skills, and pick up some big name talent to help boost their competitiveness in the NBA league, and in the NBA finals.
How Does the NBA Trade Work?
- Teams negotiate and agree on the terms of a potential trade.
- Upon agreeing on the terms, each team submits an official trade proposal to the NBA League Office.
- The NBA reviews both teams’ trade proposals to ensure that they conform to league rules and regulations.
- If approved, the league office then notifies both teams that the proposed trade is finalized, and players involved in the exchange may be traded for one another without penalty or interference from any outside parties.
- After the transaction is complete, all teams must re-sign their remaining players who were part of the deal.
Do NBA Teams Have to Wait Until February 9, 2023, to Start Making Trades?
Teams do not have to wait until or even near the 2023 deadline to start making trades. In fact, trading kicked off in September when the Cleveland Cavaliers took on Donovan Mitchell and the Utah Jazz picked up Lauri Markkanen, Ochai Agbaji, and Collin Sexton.
Late in September 2022, the Utah Jazz traded Bojan Bogdanovic to the Detroit Pistons and picked up Kelly Olynyk and Saben Lee.
The Oklahoma Thunder made a trade with the Atlanta Hawks and later in September made an eight player trade with the Houston Rockets.
And in January of 2023, The Los Angeles Lakers traded Kendrick Nunn to the Wizards and picked up Rui Hachimura.
Are we Likely to see More NBA Trades Prior to the 2023 Trade Deadline?
Yes, it seems inevitable that over the next few days we are going to see a flurry of activity in the NBA trade. According to Sports Illustrated (online), every NBA team has at least one player they will trade prior to the 2023 NBA Trade Deadline.
Source: https://www.si.com/fannation/nba/fastbreak/rumors/nba-trade-deadline-rumors-one-player-from-every-nba-team-who-could-be-dealt-at-trade-deadline
Who are Players to Watch as the 2023 NBA Trade Deadline Approaches?
According to SportsSkeeda, the five players everyone should be watching as we approach the 2023 NBA Deadline are:
# 1 – DeMar DeRozan of the Chicago Bulls
# 2 – Deandre Ayton of the Phoenix Suns
# 3 – Jordan Clarkson of the Utah Jazz (who have already made major trades so far this year)
# 4 – Kyle Kuzma of the Washington Wizards
# 5 – Kyle Lowry of The Miami Heat
But there is no telling what is going to happen until the trade is over. NBA teams are always looking to shore up their rosters or make trades that benefit the team financially. As they say, “It isn’t over until it’s over!”
Source: https://www.sportskeeda.com/basketball/nba-trade-rumors-top-5-players-watch-trade-deadlines-nears-and-market-hots-up
What Happens to Players after the NBA Trade?
After a player has been traded in the NBA, they are typically assigned to their new team and must report to their new city and practice facility. Players will also have to adjust to living in a different place, playing on a different team, and being integrated into a different culture. They may need some time to get used to the differences between their old team and their new one. Additionally, players may find themselves adjusting to a new coaching staff and system, learning plays from scratch, or facing unfamiliar opponents.
But if players are in need of additional funds, they can take advantage of private lenders or athlete funding from an athlete funding company like Balanced Bridge Funding. These athlete funding companies offer competitive rates backed by athletes signing bonuses and/or contract advances.
Summary – 2023 NBA Draft Deadline is February 9th
As we wind down to the final days before the 2023 NBA Draft Deadline, you can expect to see a lot of deals being made, teams making calls, and Sports Agents working a lot of late nights. Every team in the league has at least one trade they might like to make, but so far, only a few teams have made deals. This means you can expect to see a lot of activity over the next ten days as teams shore up their rosters, look for new talent, strive for alignment with the team culture, and balance their budgets for the year.
You can find great daily updates and developments on:
About the Authors – Balanced Bridge Funding
Balanced Bridge Funding is a finance company that specializes in funding for professional athletes. We offer loans, contract advances, singing bonus advances and more for professional athletes. We have been in the Athlete Funding Industry for a long time and help players from draftees to veterans get quick access to cash for purchasing homes, cars, second homes, travel, and more.
If you’d like to learn more about NBA Contract Loans, please visit our page to learn, or apply for funding right away, click this link:
More Details About NBA Contract Loans from Balanced Bridge Funding
How Much Money Can I Borrow Against My NBA Contract?
If you work with Balanced Bridge Funding, we can generally fund up to five million dollars against your contract – or – as little as $25,000. The size of your contract plays a major role in the how much of an NBA Contract Loan you can get.
How Long Does It Take To Get Approved For an NBA Contract Loan?
This is the best part. You can be approved and have your money from a NBA Contract Loan in a matter of days. You simply provide the documentation we need, sign your agreement, and we send you the money right away. It is easier than you can imagine.
Why Wouldn’t I Just Borrow the Money from a Bank Instead of Using an NBA Contract Loan?
One of the reasons you might work with an athlete funding company like Balanced Bridge Funding is because we have different lending standards than banks as far as professional athletes go. We work with athletes, so we know how the payment system works and we see future athlete earnings as great collateral. It isn’t that we are any different from a bank – we just have different lending standards that are favorable to professional athletes.
Is Balanced Bridge Funding Just a “Middle Man” or a Broker?
No, Balanced Bridge Funding is a direct lender. We are not a broker for some other company who loans you the money. This is important because if there are any issues with your loan approval or after the loan is made, you are dealing directly with the source of your loan instead of a broker who has no real say in any part of the process.
How Does a NBA Contract Loan Work?
An NBA Contract Loan is simple. You send us some paperwork showing the value of your upcoming contract, we negotiate how much of a contract advance you want to take out, we agree on fees and conditions, you sign our agreement and within a few days you will have the cash in your bank account. Just click the Apply to Get Started button below.
Types of Athlete Funding and Loans Balanced Bridge Can Provide NBA Players:
- Guaranteed Contract Advances
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To get started, please begin by applying. Just click the Apply to Get Started button below.
About Balanced Bridge Funding
Balanced Bridge Funding provides funding for professional athletes from the NBA, NBA, NHL, MLB, and MLS. If you are an athlete with a guaranteed contract, chances are we can fund a contract advance for you and have your money to you quickly. To get started, please begin by applying. Just click the Apply to Get Started button below.
