Breaking down a blockbuster between Spurs, Kings, Bulls

With the basketball world still reeling from one of the most shocking trades in NBA history, the San Antonio Spurs, Sacramento Kings, and Chicago Bulls came together to complete another star-studded deal that would typically be the headliner.

Here's how each club made out in this three-team blockbuster.

Spurs receive: De'Aaron Fox, Jordan McLaughlin

Kings receive: Zach LaVine; Sidy Cissoko; 2025 protected 1st-round pick (via Hornets, likely converts to two 2nd-rounders in 2026 and 2027); 2025 2nd-round pick (via Bulls); 2027 1st-round pick (via Spurs); 2028 2nd-round pick (via Nuggets); 2028 2nd-round pick; 2031 1st-round pick (via Timberwolves)

Bulls receive: Tre Jones, Kevin Huerter, Zach Collins, 2025 1st-round pick

Spurs hit the accelerator

With Victor Wembanyama making the kind of second-year leap that only someone with his stride length could manifest, San Antonio's rebuild is ahead of schedule. The Spurs are playing nearly .500 ball and butting into the Western Conference play-in conversation after going 22-60 last season. It makes sense for them to hit the gas.

Fox is one of the fastest and most dynamic point guards in the game, and he's squarely in his prime at 27. He instantly becomes by far the best teammate Wembanyama has had. The fact that San Antonio was able to acquire him while sending out just one of its own picks and without dipping into its cache of young talent (Stephon Castle, Devin Vassell, and Jeremy Sochan are all still there) feels like a coup. The 2031 Timberwolves pick is the one asset it might eventually hurt to have spent, but it's not too difficult to stomach considering the caliber and age of the player coming back.

The only risk for the Spurs in this deal is its potential opportunity cost: not because they could've gotten someone better with the package they traded, but because extending Fox (or re-signing him in 2026) on a max or near-max deal will likely close off certain avenues to acquire a star who moves the needle more. As good as he is, Fox's limitations - he's an inconsistent shooter and a so-so playmaker by point guard standards - make it less than ideal for him to remain Wemby's best co-star through the big man's rookie-extension years.

Fortunately, because the acquisition cost was so reasonable, the Spurs still have plenty of good assets to trade in the future. And in the meantime, Fox is going to help a ton. It's scary to consider how productive Wembanyama has been offensively despite the roster's extreme limitations. The Spurs just haven't really had anyone capable of peeling defensive attention away from him; they're light on supplemental scoring threats of any kind, but they're especially light on dribble-drive threats.

Although Chris Paul has been a godsend in many ways, it's been a problem that defenses feel so comfortable switching Paul-Wembanyama pick-and-rolls, and that Paul can no longer do much damage against the front end of those switches. It should be much less of an issue with Fox handling the ball in those situations. His burst will open up all kinds of new possibilities for Wemby in both the open floor and the half court, and it's going to be extremely fun to watch their two-man game evolve this season and further into the future.

One way or another, this trade signals that San Antonio is ready to get serious, and that's an exciting prospect for all of us. - Joe Wolfond

Kings stay focused on the present

It puts a team in a seriously tough spot when a star who's close to free agency reportedly indicates they won't sign an extension and has a particular trade destination in mind. That makes 28 other teams reluctant to put their best stuff on the table because they doubt they'll be able to re-sign him, while the player's preferred team isn't motivated to include its best assets because it ostensibly has the option of just waiting and signing him as a free agent.

Under those circumstances, Sacramento did pretty well here, nabbing a very good player and a handful of picks of varying quality in exchange for the last season-and-a-half of Fox's contract.

LaVine has long been on the Kings' radar, dating back to when they signed him to a four-year, $78-million offer sheet (how quaint do those numbers sound now?) that Chicago matched in the summer of 2018. He reunites with his former Bulls teammate DeMar DeRozan, and the Kings add a big jolt of shooting and slashing to an offense that hasn't been able to fully recapture its 2022-23 magic.

Fox was a major engine of Sacramento's uptempo attack, but LaVine won't hinder it; he's arriving from one of the league's fastest teams. More pertinently, a guy who's shooting 44.6% from deep on 7.3 attempts per game should be a welcome addition for a team that ranks 22nd in 3-point attempt rate and 24th in 3-point percentage. LaVine is also an excellent inside-the-arc scorer, shooting 56% from 2-point range on the season. The Kings rank 29th in the league in rim frequency, and while we tend to associate Fox with explosive downhill burst, his diet has hewed more toward the mid-range in recent years. Just 23% of his shots have come at the basket this season compared to 36% for LaVine.

Whether it was a targeted strategy or simply a function of their poor negotiating position, getting LaVine but none of the Spurs' intriguing young players shows that the Kings' goal is being as competent as possible for the next two-to-three years before likely resetting their competitive cycle. That's understandable considering incompetence was the franchise norm for nearly two decades, but it also makes the trade return feel a little underwhelming.

As the only long-term assets Sacramento is getting in the deal, the pick outlay is unspectacular, although acceptable under the circumstances. The 2025 lottery-protected "first-rounder" from Charlotte is actually two future seconds - that's what the pick will convert to when the Hornets inevitably miss the playoffs. At the moment, the Spurs' 2027 pick feels very likely to land in the 20s. The jewel of the package is the unprotected 2031 first from the Wolves, but it's hard to get too excited about a pick that far away. At least the Kings were able to shed Kevin Huerter's contract in the process.

Between LaVine, DeRozan, Malik Monk, and Keon Ellis, Sacramento is guard-heavy without actually having a true point guard. But those guys should have enough ball-handling and playmaking ability between them (especially Monk and DeRozan) to collectively run the offense, especially considering so much of the action flows through center Domantas Sabonis.

The hope is that LaVine fully buys into an off-guard role so as not to siphon too many on-ball touches from those other two guards; both of them are vastly superior playmakers (especially Monk), and LaVine's off-ball gravity (as both a spot-up and movement shooter) will be hugely important. It'll be fun to watch him work the handoff game with Sabonis, which has been significantly less effective this year thanks to Huerter's falloff and Keegan Murray's weirdly terrible shooting season.

How all these pieces are going to fit defensively is another matter. The Kings have done well to maintain a league-average defensive rating to this point by dint of effort and connectivity. But even with Sabonis doing solid work at the level, Murray holding his own on the wing, and Monk making genuine improvements, the whole thing feels like it's being held together by Scotch tape (or, more literally, by Ellis).

Fox isn't an exceptional defender, but he can dial it up at the point of attack in a way LaVine can't. Starting him, Monk, and DeRozan together alongside an undersized frontcourt feels like a recipe for flammability. Their lack of size and defensive force at the forward positions remains a huge problem. It just feels like this trade can't be judged on that basis because there probably wasn't an option to address said problem in a meaningful way. - Wolfond

Bulls sell low ... again

There are a couple ways to look at this deal for the Bulls. First and foremost, this is an underwhelming return that continues a pattern of asset mismanagement for Chicago. Arturas Karnisovas' front office overpaid to construct a mediocre and ill-fitting trio of second-tier All-Stars, moving Wendell Carter Jr. and the pick that became Franz Wagner (among other assets) to pair Nikola Vucevic with LaVine, and then players and picks (including Chicago's 2025 first-rounder) to add DeRozan.

Despite getting the green light to rebuild if he saw fit, Karnisovas clung to what was ultimately a play-in-caliber core. When the Bulls finally started deconstructing things, it was too late. Chicago traded Alex Caruso for Josh Giddey in the offseason after reports had Caruso commanding multiple draft picks last season, then moved DeRozan in a sign-and-trade that brought back a couple of second-rounders. Now the best asset the Bulls got for LaVine is ... the return of their own 2025 first-rounder. LaVine's inflated salary coupled with the new CBA's harsher tax penalties and apron restrictions were always going to make a trade difficult, but we're still talking about a guy averaging 24 points on 51-45-80 shooting.

Once you get past all that, the slightly less depressing side of this deal for Chicago is that the Bulls look ready to initiate that long-delayed rebuild.

Jones is a solid young point guard on an expiring contract, but Collins and Huerter will combine to earn roughly $36.1 million next season, so it's not like the Bulls prioritized a clean cap sheet this summer. It's also possible none of the three incoming players figure into the Bulls' long-term plans. They clearly wanted their own pick back, which they would've kept if it landed in the top 10 but then would've been top-eight protected in 2026 and 2027. That's an important piece of the puzzle if you're staring at the bottom third of the standings for the next couple years - and the Bulls might finally be doing that by design rather than by accident. It's a start? - Joseph Casciaro