Luka Doncic for Anthony Davis was only the start. After a thrilling and bewildering week, it’s time to parse through the winners and losers of the 2025 NBA trade deadline.

The Miami Heat are trading Jimmy Butler to the Golden State Warriors, CBS Sports NBA insider Bill Reiter confirmed. The deal comes on the eve of the 2025 NBA trade deadline and will send Butler to the Bay Area in exchange for Andrew Wiggins,

Many have been dubious of the Golden State Warriors’ decision to acquire Jimmy Butler in a blockbuster trade with the Miami Heat, especially in light of the $121 million extension the team granted Butler.