Today's biggest deals that did go through: The Memphis Grizzlies traded center Marc Gasol to the Toronto Raptors, while the Philadelphia 76ers sent former No. 1 overall pick Markelle Fultz to the Orlando Magic.
Get the latest intel and analysis from our experts here, including trade grades and live after-the-buzzer updates.
What you need to know after the deadline
ESPN NBA Insider Bobby Marks details the next steps for Davis, the Pelicans, the Celtics and the Lakers:
While the pool of players available to acquire in a trade will shrink in the offseason, expect clarity to set in during the months of May and June. By lottery night on May 14, we will know if the Boston Celtics have two top draft picks, plus which team has a chance to draft potential franchise player Zion Williamson.
The Philadelphia 76ers are parting ways with the 2017 No. 1 overall pick. ESPN NBA Insider Kevin Pelton grades the deal:
It's probably more difficult to determine Fultz's value than for any other player's in the league. That's how great the chasm is between the potential he showed in his lone season at the University of Washington and his ineffective NBA performance so far in brief appearances for Philadelphia.
The former Defensive Player of the Year is headed to the Raptors. Pelton grades the deal:
There's no question that Marc Gasol is an upgrade over the more limited Jonas Valanciunas, particularly at the defensive end of the court. The concern is whether Gasol will be amenable to the kind of role reduction Valanciunas accepted this season.
The biggest move this week was a stunner on Tuesday night with ramifications inside and outside of Philadelphia, where the 76ers now have a loaded starting five. Tim Bontemps breaks it down:
Assuming Philadelphia is able to pull this off and keep Ben Simmons, Jimmy Butler, Tobias Harris and Joel Embiid together long term, the Sixers should be a threat in the East for years to come. The question now is how do the other contenders react? The Bucks have likely already made their big moves, while the Celtics have to wait until the offseason to make the swing they've been plotting for years -- trying to land Anthony Davis. That leaves the Raptors as the team most likely to counter with an aggressive move, and it won't be a surprise if Toronto does something significant between now and Thursday afternoon.
Get live updates below and more key intel and tools here:
The Boston Celtics traded guard Jabari Bird and cash to the Atlanta Hawks on Thursday, sources confirmed to ESPN. Atlanta is expected to waive Bird, a second-round pick in 2017 who has not played all season because of his involvement in a domestic violence incident in September.
The New York Knicks are releasing center Enes Kanter, a league source told ESPN's Adrian Wojnarowski on Thursday. The Knicks had talked to teams about potential trades for the past several weeks, but Kanter's $18.6 million expiring contract proved too difficult to move at Thursday's deadline.
The Philadelphia 76ers are trading point guard and 2017 No. 1 overall pick Markelle Fultz to the Orlando Magic, a league source told Wojnarowski. The Magic are sending Jonathon Simmons, a first-round pick and a second-round pick to the Sixers.
The Memphis Grizzlies are keeping Mike Conley, league sources tell Wojnarowski. Memphis discussed deals with multiple teams but ultimately decided to hold onto their franchise point guard. The Grizzlies did trade guard Shelvin Mack to the Atlanta Hawks on Thursday, league sources told Wojnarowski.
The LA Clippers are trading Mike Muscala to the Los Angeles Lakers for Michael Beasley and Ivica Zubac, league sources tell Wojnarowski. The deal opens a roster spot and gives the Lakers a chance to sign a player in the buyout market. Carmelo Anthony is expected to be among the considerations, league sources told Wojnarowski.
The Memphis Grizzlies are finalizing a trade to send center Marc Gasol to the Toronto Raptors, league sources told Wojnarowski. Toronto is planning to send Jonas Valanciunas, Delon Wright, CJ Miles and a 2024 second-round pick to the Grizzlies. In a separate deal, Memphis has also traded Garrett Temple and JaMychal Green to the LA Clippers for Avery Bradley, league sources told Wojnarowski.
If Anthony Davis is not traded Thursday, he plans on playing out the remainder of the season in the lineup for the New Orleans Pelicans, a league source told ESPN's Dave McMenamin. "Every game," the source said.
Opposing executives believe the Boston Celtics will be among the teams with interest in Enes Kanter if the Knicks big man parts ways with New York, according to Begley. Opposing executives also believe the Houston Rockets will have interest in the Knicks' Wesley Matthews if the veteran is bought out, according to Begley.
The Houston Rockets have agreed to trade Nik Stauskas, Wade Baldwin IV and a second-round pick to the Indiana Pacers, league sources told Wojnarowski. Indiana will waive Stauskas and Baldwin, who had been acquired by Houston in Wednesday's three-team deal involving the Sacramento Kings and Cleveland Cavaliers.
The Milwaukee Bucks have acquired Nikola Mirotic from the New Orleans Pelicans in exchange for Jason Smith, Stanley Johnson and multiple second-round picks, sources told ESPN's Zach Lowe and Wojnarowski.
The Philadelphia 76ers have reportedly acquired James Ennis from the Houston Rockets.
Nearly three hours from the NBA's trade deadline, the Lakers-Pelicans talks on Anthony Davis are dormant, league sources told Wojnarowski. There's been no communication, nor an expectation the two teams will even speak today. Pelicans seem content to run out the clock.
There are still gaps needing to be bridged in Marc Gasol discussions between Memphis and Charlotte, league sources told Wojnarowski. Talks continued this morning.
Feb. 6 updates
The Washington Wizards have agreed to send forward Markieff Morris to the New Orleans Pelicans for Wesley Johnson, league sources told Wojnarowski. The move drops the Wizards under the luxury tax threshold.
The New Orleans Pelicans say there is no animosity toward Anthony Davis, as they continue to hold him out from action prior to Thursday's trade deadline. Head coach Alvin Gentry said before the Pelicans' 125-120 win over the Chicago Bulls, "He's a great kid. When he's been on the court, he's given us everything that he has. So no, I don't feel let down by him at all. Whatever happens is going to happen, and we'll go from there."
The Los Angeles Lakers are running low on hope that the New Orleans Pelicans will engage them before Thursday's 3 p.m. ET trade deadline, league sources told Wojnarowski. New Orleans general manager Dell Demps has had no communication Wednesday with Lakers president Magic Johnson on L.A.'s most recent trade offer for Anthony Davis, the sources said.
The Washington Wizards have agreed to trade forward Otto Porter Jr. to the Chicago Bulls in exchange for forwards Bobby Portis and Jabari Parker and a 2023 second-round pick, league sources told Wojnarowski.
The New York Knicks are running out of time to find a trade for center Enes Kanter and his $18.6 million expiring deal, and discussions on a contract buyout are expected to begin as soon as Thursday's 3 p.m. ET trade deadline, league sources told Wojnarowski.
The Toronto Raptors have traded guard Malachi Richardson, the draft rights to forward Emir Preldzic and draft considerations to the Philadelphia 76ers in exchange for cash considerations, the Raptors announced Wednesday.
The Miami Heat have agreed to send guards Tyler Johnson and Wayne Ellington to the Phoenix Suns in exchange for forward Ryan Anderson, league sources told Wojnarowski. Agent Mark Bartelstein is working with the Suns to waive Ellington and allow him to join a playoff contender, league sources told Wojnarowski.
With the trade deadline less than 24 hours away, the New Orleans Pelicans still haven't responded to the Los Angeles Lakers' most recent proposal for Anthony Davis, league sources told Wojnarowski. The Pelicans plan to sit Davis until Thursday's trade deadline passes.
The LA Clippers and Philadelphia 76ers agreed on a blockbuster deal that sends forward Tobias Harris to partner with the Sixers' Joel Embiid, Ben Simmons and Jimmy Butler to pursue an Eastern Conference title, league sources told Wojnarowski.
Kyle Lowry has no desire to play for anyone but the Toronto Raptors. But if the All-Star guard is sent elsewhere between now and Thursday's trade deadline, Lowry said he'll have no hard feelings toward the team he has played for the past six-plus seasons.
Feb. 5 updates
The Los Angeles Lakers are still willing to engage with the New Orleans Pelicans on an Anthony Davis trade, but no longer want to bid against themselves, league sources told Wojnarowski. The Lakers are waiting for the Pelicans to make a counter-proposal.
Feb. 4 updates
The New Orleans Pelicans have been made aware of an extended list of teams beyond the Lakers and Knicks that All-Star center Anthony Davis would stay with long-term upon a trade, league sources told Wojnarowski. The list doesn't include the Boston Celtics, league sources said, but does contain the Los Angeles Lakers, LA Clippers, New York Knicks and Milwaukee Bucks.
Feb. 3 update
Feb. 1 updates
Prior to the start of the regular season, Kyrie Irving said that he planned on re-signing with the Boston Celtics this summer if the franchise wanted to retain him. On Friday, Irving was asked if his mindset regarding his decision to re-sign with the Celtics had shifted. "Ask me July 1," he said.
Jan. 31 update
The Dallas Mavericks have agreed to a trade with the New York Knicks for All-Star forward Kristaps Porzingis, league sources told ESPN. Second-year point guard Dennis Smith Jr. is the centerpiece of the package being sent to New York, sources said. In addition, Wesley Matthews and DeAndre Jordan, who both have expiring contract, will go to the Knicks. Courtney Lee and Tim Hardaway Jr. are being dealt to the Mavericks as salary dumps.
As the NBA trade deadline looms within a week, the Lakers' immediate pursuit of All-Star forward Anthony Davis is fraught with obstacles -- including the fact that New Orleans Pelicans general manager Dell Demps has yet to return a call to Lakers GM Rob Pelinka, league sources told ESPN.
Jan. 29 update
The New Orleans Pelicans plan to listen to offers on All-NBA center Anthony Davis but won't make a deal before next Thursday's NBA trade deadline unless they're offered an overwhelming package for the franchise's star, league sources told ESPN.
Jan. 28 update
Agent Rich Paul of Klutch Sports has informed the New Orleans Pelicans that All-NBA forward Anthony Davis won't sign a contract extension and has requested a trade, Paul told ESPN on Monday morning.
Jan. 26 update
Milwaukee Bucks center Thon Maker wants a trade from the Milwaukee Bucks, according to Wojnarowski. Maker, selected tenth overall by the Bucks in 2016, has not played in four games this month and has not played 20 minutes in a game since December 5. Maker is eligible to negotiate a rookie contract extension this offseason.
Jan. 24 update
After not playing in Wednesday night's loss to the Houston Rockets, New York Knicks center Enes Kanter all but asked for a trade. "If you're going to play me here, play me," Kanter said. "If not, then just get me out of here."
Jan. 22 update
The Memphis Grizzlies will begin listening to trade offers on franchise stars Marc Gasol and Mike Conley, league sources told Wojnarowski. The Grizzlies entered Tuesday in 14th place in the West, 6.5 games out of 8th. Both Gasol and Conley have played their entire NBA careers for the Grizzlies.