What happened: Ja Morant is headed to Portland, where he joins a crowded backcourt that already features Damian Lillard, Jrue Holiday and Scoot Henderson under new head coach Micah Nori. Norman Powell moves to Chicago on a two-year, $45 million deal after the Heat committed major money to newly acquired Giannis Antetokounmpo. Other reshuffling includes Kawhi Leonard to Toronto, Brandon Ingram to the Clippers and Julius Randle landing in Brooklyn alongside Michael Porter Jr.
Why it matters: The Portland logjam is the story for fantasy managers: if Morant and Lillard both start, usage for one or both takes a hit, and Henderson's already-thin value shrinks further. Powell steps into Chicago as a primary perimeter scorer, but the Bulls' rebuild and his availability history temper the upside. In Brooklyn, much of the offense figures to run through Randle and Porter Jr., though efficiency questions follow the roster downgrade.
By the numbers: Morant has played just 79 games over the last three seasons and has not topped 65 games since his rookie year. Powell appeared in 58 games in 2025-26 and carried an ADP around 86 entering last season. Randle averaged 21.1 points, 6.7 rebounds and 5.0 assists in his second Timberwolves season, shooting 48.1 percent from the field.
What to watch: Watch how Nori sets the Portland rotation in camp, and whether Donovan Clingan's rim protection anchors a Morant-Lillard backcourt. Powell's role and health in Chicago will shape where he lands on draft boards.