On This Day In NBA History: August 2 - The Largest Trade In League History (2024)

On this day in 2005, a five team trade involving the Miami Heat, Memphis Grizzlies, New Orleans Hornets, Utah Jazz and Boston Celtics sent Antoine Walker and Jason Williams to the Heat, leading the team to their first championship later that same season.

Trades in the NBA are becoming more and more common every single season and offseason.

However, multi-team deals are starting to become rare and if a deal is done with various teams, it usually does not eclipse three or four teams.

On this day in 2005 though, the largest trade in NBA history was completed, as five teams and a total of 13 different players were involved, topping the previous league-high for a trade of 12 players. What many tend to forget about what is now the second-largest trade in NBA history is that this one involved Patrick Ewing going to the Seattle SuperSonics in 2000.

The Miami Heat, Memphis Grizzlies, New Orleans Hornets, Boston Celtics and Utah Jazz came together in 2005 to make the largest trade in league history, a deal that notably sent Antoine Walker and Jason Williams to the Heat.

In total, Walker was acquired by Miami from Boston and Williams was acquired along with James Posey and Andre Emmett from the Grizzlies. The Heat also received the draft rights to Roberto Duenas from the Hornets, trading Eddie Jones to the Grizzlies, Rasual Butler to the Hornets, and then a 2006 second-round pick, a conditional second-round pick, Qyntel Woods and the draft rights to Albert Miralles to the Celtics.

Got all that? Good, because there is more to this deal.

Memphis then sent Greg Ostertag to Utah and Utah sent Curtis Borchardt to the Celtics, Raul Lopez to the Grizzlies and then Kirk Snyder to the Hornets.

The Heat were the obvious winners from this trade not only because they ended up with three-time All-Star Antoine Walker, but because they also ended up with Jason Williams a.k.a. “White Chocolate.”

These two ended up playing key roles for the Heat during the 2005-06 season alongside Hall-of-Famers Shaquille O’Neal, Alonzo Mourning, Gary Payton and future Hall-of-Famer Dwyane Wade.

Finishing with a 59-23 record, the best record in the Eastern Conference, the Miami Heat beat the Chicago Bulls in the first-round of the playoffs, the New Jersey Nets in the Eastern Conference Semifinals and then they defeated the Chauncey Billups and the Detroit Pistons in the Eastern Conference Finals, advancing to their first ever NBA Finals.

In the 2006 NBA Finals, Miami defeated Dirk Nowitzki and the Dallas Mavericks in six games to claim the franchise’s first NBA title.

Since then, the Heat have won two more titles courtesy of the infamous “Big 3” with All-Stars LeBron James, Chris Bosh and Dwyane Wade.

This five-team, thirteen-player trade will forever go down as a signature moment in Miami Heat history simply because of the fact that it helped them win their first championship.

On This Day In NBA History: August 2 - The Largest Trade In League History (2024)

FAQs

On This Day In NBA History: August 2 - The Largest Trade In League History? ›

August 2, 2005

What was the Miami Heat 5 team trade in 2005? ›

As part of a 5-team trade, the Miami Heat traded Rasual Butler to the New Orleans/Oklahoma City Hornets; the Miami Heat traded Eddie Jones to the Memphis Grizzlies; the Miami Heat traded Albert Miralles, Qyntel Woods, a 2006 2nd round draft pick (Edin Bavčić was later selected) and a 2008 2nd round draft pick (Nikola ...

What is the most successful NBA team in history? ›

The Boston Celtics now have the most championships in NBA history. Check out how many titles each franchise has won. The Boston Celtics lead the way in NBA lore with 18 championships, the most recent coming in 2024. The Boston Celtics claimed their 18th NBA championship, ending a 16-year title drought.

Why was Antoine Walker traded? ›

Why Did the Boston Celtics Trade Antoine Walker? Simply put, Ainge wasn't a fan of Walker. In recent years, Walker has said numerous times he felt like he and Ainge didn't have the greatest relationship: One thing you have to understand, [I] went through this with [Ainge] in 2003, [Danny Ainge] is a liar.

Has there ever been a 5 team trade in the NBA? ›

HOUSTON – The Houston Rockets today announced they have acquired guard/forward Dillon Brooks via a sign-and-trade with Memphis which also involved Atlanta, the L.A. Clippers and Oklahoma City .

Did Miami Heat make a trade? ›

The Heat already acquired guard Terry Rozier in a trade with the Charlotte Hornets on Jan. 23. The Heat sent guard Kyle Lowry and a lottery-protected first-round pick to the Hornets to add Rozier. But will the Heat, which entered Thursday in seventh place in the Eastern Conference, look to shake things up even more?

Why did Scottie Pippen get traded? ›

The move to Houston was largely a financial decision for Pippen, who was aided by Krause in an attempt to finally cash in on a Hall-of-Fame career. Rather than sign a four-year, $45 million deal with a new team, Pippen inked a five-year, $67 million deal with Chicago before being traded to Houston.

Why was Hakeem Olajuwon traded? ›

Basically, once Hakeem told Rockets' management to break off negotiations, Houston agreed to this trade to allow Hakeem to receive maximum money from the Raptors. Seventeen years of playing for one organization finally allowed Hakeem to “explore” other teams, cities, and situations.

Who was traded for Allen Iverson? ›

On December 19, 2006, the Philadelphia 76ers sent Iverson and forward Ivan McFarlin to the Denver Nuggets for Andre Miller, Joe Smith, and two first-round picks in the 2007 NBA draft. At the time of the trade, Iverson was the NBA's number two leading scorer, with new teammate Carmelo Anthony being number one.

When was Kyle Lowry traded to Hornets? ›

January 23, 2024 – Charlotte Hornets President of Basketball Operations & General Manager Mitch Kupchak announced today the team has acquired a 2027 first-round draft pick and guard Kyle Lowry from the Miami Heat in exchange for guard Terry Rozier.

Who joined the Miami Heat in 2004? ›

The Heat entered the season with high expectations following the acquisition of All-Star center Shaquille O'Neal from the Los Angeles Lakers, plus signing free agents Christian Laettner, three-point specialist Damon Jones, and Shandon Anderson.

Who was the Miami Heat starting 5 in 2015? ›

Starting Lineups
GDateStarting Lineup
12015-10-28C. Bosh · L. Deng · G. Dragić · D. Wade · H. Whiteside
22015-10-30C. Bosh · L. Deng · G. Dragić · D. Wade · H. Whiteside
32015-11-01C. Bosh · L. Deng · G. Dragić · D. Wade · H. Whiteside
42015-11-03C. Bosh · L. Deng · G. Dragić · D. Wade · H. Whiteside
27 more rows

Who did Micky Arison buy the Miami Heat from? ›

In 1988, Ted Arison and two of his partners—ex-basketball star Billy Cunningham and sports agent Lewis Schaffel—paid a little over $30 million in expansion fees to bring the Heat to Miami. His son bought out him and two other owners in 1995, and has served as the organization's general managing partner ever since.

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