Washington acquired Anthony Davis, Jaden Hardy, D'Angelo Russell and Dante Exum for four players, two firsts and three seconds.
The Wizards received Anthony Davis, Jaden Hardy, D’Angelo Russell and Dante Exum from Dallas in a three-team transaction. Davis was still capable of high-level two-way play, but injuries and a large salary commitment created substantial downside for a young rebuilding roster. Washington was choosing to acquire an established star rather than rely only on prospects and draft rights.
The Mavericks obtained Khris Middleton, AJ Johnson, Marvin Bagley III and Tyus Jones, along with two future first-round selections and three second-round picks. The firsts originated from Oklahoma City in 2026 and Golden State in 2030. Dallas was rebuilding its flexibility and future asset stock after Davis had appeared in only 20 games for the Mavericks during the 2025-26 season.
The Hornets received Malaki Branham from Washington and sent Tyus Jones into Dallas’s return. Their role was narrower than either of the two franchises trading the headline star, but it altered the actual outgoing and incoming totals. A valid three-team page must show Branham on the Charlotte side instead of treating the Hornets as an empty routing label.
Washington secured the strongest established individual player but paid with depth, two first-round rights and multiple seconds. Dallas converted an expensive, injury-affected veteran into several veterans and a future development portfolio. The merits of the deal therefore depend on Davis’s availability and what the picks become, not merely on whose acquired name is most recognizable.
Slight Mavericks Edge, provisional. Dallas exchanged Anthony Davis and several players for Khris Middleton, AJ Johnson, Bagley, Jones and five picks. Washington took on Davis’s substantial risk for star upside, and Charlotte traded Tyus Jones for Malaki Branham. The longer-term result is not yet settled.