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Jimmy Butler to Warriors: Trade grades, winners and losers from Heat megadeal

Jimmy Butler's time in Miami ends with a trade to the Golden State Warriors. AP Photo/Lynne Sladky

Jimmy Butler ended his standoff with the Miami Heat with the six-time All-Star forward set to join the Golden State Warriors in a blockbuster trade Wednesday night.

Sources told ESPN's Shams Charania that Butler will head to the Warriors with the Heat acquiring Kyle Anderson, Andrew Wiggins and Golden State's protected 2025 first-round pick. The deal was finalized on Thursday ahead of the the trade deadline that ultimately included five teams and nine players.

The trade ends what had been a stare down between Butler and the Heat and gives the Warriors another star to pair with Stephen Curry and Draymond Green in hopes of getting back into the Western Conference playoffs after missing out in 2024.

Let's grade all sides of this deal and explore what some of the early winners and losers of this deal that could massive leaguewide implications.

Jump to a grade:
Golden State | Miami | Detroit | Toronto | Utah
West playoff race and other winners, losers

Did either the Warriors or Heat improve after Butler deal?

Note: This list was updated after the Miami-Toronto and the Detroit-Utah trades on Feb. 6.

Golden State Warriors get:

F Jimmy Butler

Miami Heat get:

F Kyle Anderson
G Davion Mitchell
F Andrew Wiggins
2025 first-round pick (via Golden State; top-10 protected)

Detroit Pistons get:

G Dennis Schroder
G Lindy Waters III

Utah Jazz get:

F KJ Martin
G Josh Richardson (waived)
2028 second-round pick

Toronto Raptors get:

F P.J. Tucker
2026 second-round pick (via Los Angeles Lakers)
Cash considerations