What happened: The Atlanta Hawks acquired Luguentz Dort and Ryan Nembhard in a three-team trade, sending Zaccharie Risacher to Dallas. The Oklahoma City Thunder received three future second-round picks in the exchange.

Why it matters: The move bolsters Atlanta's perimeter defense by pairing Dort with Dyson Daniels and Nickeil Alexander-Walker. Oklahoma City executed the deal to get below the luxury tax second apron before impending max extensions for Chet Holmgren and Jalen Williams. The Hawks additionally open up future cap flexibility by parting with Risacher, the former No. 1 overall pick.

What to watch: Dort is eligible for a contract extension and is expected to command a new deal with Atlanta. Head coach Quin Snyder will now look to balance offensive spacing alongside his defensive-minded wings.