The Exchange
Atlanta's and San Antonio's official releases agree on the core deal: the Hawks received Dejounte Murray and Jock Landale; the Spurs received Danilo Gallinari, a protected Charlotte first, Atlanta's unprotected 2025 and 2027 first-round picks, and the right to swap 2026 firsts. That package looked expensive in 2022 and has become easier to value because two of the Atlanta-controlled draft mechanisms have now converted into actual Spurs selections.
Atlanta Return
Murray was productive. He played 74 games in 2022-23 and 78 in 2023-24, averaging 20.5 points, 5.3 rebounds and 6.1 assists in his first Hawks season and 22.5 points, 5.3 rebounds and 6.4 assists in his second. Atlanta reached the 2023 playoffs but lost to Boston in the first round, then lost in the 2024 Play-In Tournament. The Murray-Trae Young pairing therefore supplied high-level individual production without producing the contender jump the trade was designed to create. Landale never played for Atlanta; the Hawks sent him to Phoenix for cash on July 6, 2022. Murray did retain substantial transaction value. In July 2024 Atlanta traded him to New Orleans for Dyson Daniels, Larry Nance Jr., E.J. Liddell, Cody Zeller and two future first-round picks. That later trade should be judged separately, but it prevents the original Hawks return from being treated as a dead-end asset.
San Antonio Return
Gallinari was waived, so the Spurs' basketball value was always in the draft package. The 2025 unprotected Atlanta first became No. 14, which San Antonio used on Carter Bryant. The 2026 swap also became real value: San Antonio ended up with Atlanta's No. 20 slot and selected Jayden Quaintance. The protected Charlotte first never became a Spurs draft selection, but San Antonio preserved its market value and included that conditional first in the February 2025 package for De'Aaron Fox. The largest unresolved piece is still ahead: Atlanta's 2027 first remains unprotected and belongs to San Antonio. That means the Spurs have already realized two first-round selections plus transaction value from the Charlotte asset while another unprotected first remains outstanding.
Final Verdict
San Antonio wins clearly. Atlanta did not receive nothing: Murray delivered 152 regular-season games of high-level guard play and later brought back a meaningful package from New Orleans. That makes a D-range grade too harsh. But the Spurs converted one outgoing All-Star into a long asset runway that has already produced Carter Bryant, Jayden Quaintance and a piece of the De'Aaron Fox trade, with the unprotected 2027 Atlanta first still to come. An A+ for San Antonio reflects both realized and remaining draft value. A B- for Atlanta recognizes Murray's strong individual production and retained resale value while accounting for the lack of team-level breakthrough and the extraordinary draft cost. Final verdict: San Antonio Spurs Win.