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Trade Rumors: Jones, Smith, Bulls, Kings, Cavs, Sharpe

February 2, 2026 by Hoops Rumors

The Bulls have been receiving interest in point guard Tre Jones and forward/center Jalen Smith over the past few weeks, writes Julia Poe of The Chicago Tribune. While Jones seems to be available, Poe suggests the Bulls are unlikely to trade Smith unless they get an appealing offer.

Both Jones and Smith have guaranteed contracts for next season. Jones’ deal also features a $8MM team option for 2027/28.

According to Poe, any of Chicago’s players on expiring contracts could be on the move prior to the deadline if the Bulls receive a “reasonable return.” The Bulls already showed a willingness to take on unwanted salary when they agreed to acquire Dario Saric for a pair of second-round picks (they’re waiving Jevon Carter to make roster space).

However, that doesn’t mean the Bulls are going to make trades just for the sake of it, particularly one that involves a player like Coby White, multiple sources tell Poe.

Most of the players on Chicago’s roster are in their mid-20s and have been in the league for several years. Head coach Billy Donovan says the team is focused on acquiring more young talent.

“We have to keep building out with younger people,” Donovan said, per Poe. “I don’t think there’s any question about that from a roster standpoint. … If you’re just talking about the guys that are here that are going to be under contract, they’re going to need more. So however those conversations take place, whether it’s in July or whether it’s at the trade deadline, I think the front office is looking to try to build it out as best they can.”

Here are a few more trade rumors from around the NBA:

  • The Kings had opportunities to trade Keon Ellis for multiple second-round picks, but they wanted to unload Dennis Schröder‘s contract and value De’Andre Hunter‘s size and length, viewing him as a better positional fit moving forward, sources tell Brett Siegel of ClutchPoints. As Siegel reported a few days ago, the Lakers also had interest in Hunter, but they were leery of taking on the $24.9MM he’s owed next season without receiving draft compensation in return, so they backed out of conversations with the Cavaliers.
  • According to Siegel, the Kings are viewed as the “biggest sellers” at the deadline, and they have been making trade calls involving Domantas Sabonis, DeMar DeRozan and Malik Monk. Of the three players, Sacramento is most motivated to move Monk, Siegel adds (via Twitter). A “few” teams — most notably the Raptors — have some interest in Sabonis, but there doesn’t seem to be much of a market for DeRozan or Monk, per Siegel.
  • The Cavaliers continue to dangle Lonzo Ball in trade talks, according to Siegel (Twitter link). The veteran guard has had a disappointing first season in Cleveland and earns $10MM this season, with a $10MM team option for ’26/27.
  • As Siegel observes, if the Cavaliers decide to retain Ellis long term (he will be extension-eligible on Feb. 9), that could have an impact on the futures of Sam Merrill and Max Strus. While I’m skeptical the Cavs would move Merrill given how well he’s played this season when healthy, Strus has yet to play in ’25/26 due offseason foot surgery and ’26/27 is the final year of his contract. Siegel suggests those sorts of conversations would likely wait until the summer and may depend on what happens with Ellis.
  • The Nets appear to be reluctant to trade Day’Ron Sharpe, but the backup center has drawn interest from the Lakers, Raptors, Celtics and Pacers, Siegel reports.

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