What happened: The Phoenix Suns landed Miles Bridges from the Charlotte Hornets in a deal that also brought back a 2029 first-round pick and a 2027 second-round pick. Phoenix sent out sharpshooter Grayson Allen along with an unprotected 2033 first-round pick. The Suns then used the roster spot the trade opened to sign veteran shooter Luke Kennard, closing out the transaction.

Why it matters: The move converts two rotation shooters into a starting-caliber power forward plus a reserve scorer, while preserving future draft capital Phoenix can package in later deals. The long-term cost is the unprotected 2033 first-rounder, a pick with no floor on how high it could convey. It reshapes the Suns' frontcourt and shooting depth heading into the 2026-27 season.

What to watch: Watch how Bridges slots into the starting lineup and whether Phoenix moves any of its retained first-round picks before the season tips off.