League reaction and potential fallout from the massive Luka Doncic-Anthony Davis trade.
Fifteen years ago, best-selling author Michael Lewis wrote "The Big Short," a book that became the defining tome of the financial crisis of the late aughts.
Saturday night, Dallas Mavericks general manager Nico Harrison authored the NBA's version of "The Big Short," when he agreed to trade Luka Doncic to the Los Angeles Lakers for a package led by Anthony Davis. It was a deal so shocking that after ESPN's Shams Charania broke the news, dozens of people instantly reached out to ask whether his social media account had been hacked.
As Shams confirmed, it hadn't been. The Mavericks chose to make a stunning bet against the future of a player who, at 25 years old, has one of the most decorated résumés in basketball history.
Doncic has been an All-NBA First Team selection each of the past five seasons. While he's not eligible to make the team this season because of the calf strain that has sidelined him since Dec. 25, he is one of only five active players to have at least that many First Team selections (and one of only 28 in NBA history).
The other four? Giannis Antetokounmpo, James Harden, Kevin Durant and Doncic's new teammate, LeBron James.
Antetokounmpo turned 30 in early December. Harden is 35. Durant is 36. James is 40.
Doncic doesn't even turn 26 until Feb. 28.
Doncic is an elite offensive talent who led Dallas to the NBA Finals last season. He entered this season ranked second only to Nikola Jokic in ESPN's NBA Rank and was a co-favorite alongside Oklahoma City Thunder star Shai Gilgeous-Alexander to win his first MVP award. He has also had remarkable success internationally playing for his native Slovenia.
As a result, the unanimous reaction from anyone outside of the Dallas-Fort Worth metroplex in the early hours of Saturday morning was that the Lakers had won the trade -- and that they couldn't understand it.
"What the f--- is happening," said an assistant coach.
"I feel like I'm dreaming," said an agent.
"The confusion around the league is quite high," said an executive.
This is a moment that will live on in the memory of the league for a long time. It's similar to when Paul George was dealt to the LA Clippers in the middle of the night six years ago, ensuring Kawhi Leonard would also sign with the Clippers. Or when Durant declared he was going to the Golden State Warriors on July 4, 2016. Or when James sat across from Jim Gray and said he was taking his talents to South Beach in 2010.
The Mavericks' bet against Doncic due to what sources told ESPN's Tim MacMahon were concerns over his conditioning and the potential supermax contract he'd be eligible to sign this summer is the biggest takeaway from as big of a trade as the NBA has seen in quite some time. Doncic has been limited to 22 games this season and hasn't played more than 70 in a season since his rookie year.
"You better be sure his body is going to fall apart," said an Eastern Conference executive. "That's all I'm going to say."
That's just one of the big storylines as the league wraps its collective mind around what the deal means for Davis, Doncic, the Mavericks, the Lakers and everyone else moving forward.
Dallas clearly coveted Davis
Not only is this a massive bet against Doncic, but it is also a truly gigantic bet on Davis. Several sources who spoke to ESPN wondered why Dallas wouldn't have canvassed the league to see how much it could get for Doncic if they wanted to move him; many thought the Mavs clearly would've been able to get more in return.
"Nico must really love Anthony Davis," said a Western Conference executive.
Harrison clearly targeted Davis, someone he has a longstanding relationship with going back to his prior job as a high-ranking Nike executive. Davis, in the middle of possibly the best season of his career (averaging 25.7 PPG and 11.9 RPG and shooting 52.8% from the field), showed he was more than happy to go to Dallas when, according to ESPN's Bobby Marks, he waived his trade bonus to get the deal done and also keep Dallas under the luxury tax for the time being.
This isn't the first time Harrison has gone after a player with whom he had a preexisting relationship. Recent examples include his acquisitions of P.J. Washington (from the Charlotte Hornets) last year and Kyrie Irving (from the Brooklyn Nets) two years ago.
Both the Irving and Washington trades were questioned moments after they were made, but they helped power Dallas to the Finals last season. Time will tell whether Harrison's latest gamble will pay off, too.
This is the trade that will define Harrison's career, particularly given he has already traded away control of the Mavericks' first-round picks from 2027 to 2030.
No pressure.
Lakers exceptionalism is back
There's a reason the Lakers have spent the past 60-plus years as the NBA's most glamorous franchise. One star after another -- from Jerry West to Wilt Chamberlain to Kareem Abdul-Jabbar to Magic Johnson to Shaquille O'Neal to Kobe Bryant to LeBron James to Anthony Davis -- has found his way to the Purple and Gold.
All eight of those players, by the way, were among the 75 honored as the greatest in NBA history for the league's 75th anniversary team in 2021, and only West was acquired with a draft pick that originally belonged to the Lakers.
Now, Los Angeles has Doncic -- who feels destined to be on the 100th anniversary team in a few decades -- and it acquired him without sacrificing its 2031 first-round pick. Several sources expressed shock to learn that Dallas acquired only the Lakers' 2029 first-round pick and didn't get the 2031 pick as well. Many couldn't believe the Lakers once again fell into a generational talent, or the fact that Dallas was willing to give up Doncic in the first place.
The best comparison for this trade is Abdul-Jabbar's arrival in Los Angeles in 1975. That Lakers team, like this one, wasn't good enough to win a championship. And it took another four years -- until Los Angeles landed Magic Johnson in the 1979 draft -- for the Lakers to return to that stratosphere.
But just as the Lakers landed Abdul-Jabbar 50 years ago, they have now acquired an MVP-level talent in his prime. Abdul-Jabbar arrived in L.A. two seasons after the end of the Chamberlain era. Now Doncic is arriving as the LeBron era nears its end. And while Dallas is banking on the big short, the Lakers are betting they'll see the best years of Doncic's career in the seasons to come.