Washington exchanged Jared Butler and four second-round picks for a 2026 first-round pick and Reggie Jackson.
Philadelphia sent Reggie Jackson and its 2026 first-round asset — the least favorable of the Clippers, Thunder and the protected Rockets pick — to Washington for Jared Butler and four future second-round picks. Washington waived Jackson immediately, so the deal was never about adding the veteran guard. The Wizards were paying multiple smaller assets to move up the draft-capital ladder from seconds to a first.
The Sixers did not leave the trade empty-handed. Butler played 28 games for Philadelphia after the deal, started 17 and averaged 11.5 points with 4.9 assists in 24.4 minutes per game. Philadelphia also kept the four second-round assets. That production makes the return more useful than a simple “four seconds for a first” summary suggests, even though the first-rounder remained the strongest single asset in the exchange.
The 2026 first ultimately landed at No. 30, where Koa Peat was selected. Washington had already included that Oklahoma City-derived first in the larger February 2026 package that brought Anthony Davis to the Wizards. The pick was only one component of that later deal and should not be credited with the entire Davis return, but its inclusion shows why Washington valued consolidating into a first-round asset in the first place.
Wizards Win — Washington A-, Philadelphia C. Washington turned Butler and four seconds into a first-round asset that ultimately became pick No. 30 and later functioned as part of a major trade package. Philadelphia got a productive post-deadline stretch from Butler and retained four future seconds, so the return was not empty. The first-round premium, however, gives Washington the stronger package and supports the existing verdict.