3:40 pm: The trade is official, the Hawks and Trail Blazers announced.
11:20 am: The Hawks and Trail Blazers have agreed to a trade, according to ESPN’s Shams Charania, who reports (via Twitter) that Vit Krejci will be heading to Portland for Duop Reath and two second-round picks.
The Hawks will receive their own 2027 second-round pick back from Portland, as well as New York’s 2030 second-rounder, per Jake Fischer of The Stein Line (Twitter link). The Blazers controlled both of those picks from previous trades.
Reath, a 6’9″ big man, recently underwent season-ending foot surgery. Although he doesn’t state it outright, Charania suggests Reath could be waived to open a roster spot for the Hawks (Twitter link). N’Faly Dante, who is also out for the season after tearing his ACL, is another candidate to be released, tweets cap expert Yossi Gozlan.
According to Marc Stein of The Stein Line (Twitter link), the Trail Blazers have been very active in trade conversations. They plan to promote two-way players Caleb Love and Sidy Cissoko to standard contracts after the February 5 deadline, Stein adds.
As several NBA insiders have noted, Atlanta evidently viewed Krejci as expendable after the team acquired Corey Kispert from Washington.
A 6’8″ guard, Krejci has averaged 9.0 points, 2.1 rebounds and 1.5 assists while shooting 42.3% from three-point range in 46 appearances this season (22.3 minutes per game). The 25-year-old is on a very affordable contract, earning $2.3MM this season, a non-guaranteed $2.7MM in 2026/27, with a $3MM team option for ’27/28.
Krejci’s outside shooting fills an immediate need for the Blazers, who rank last in the league in three-point percentage (33.6%). The former second-round pick will be extension-eligible in July, per ESPN’s Bobby Marks (Twitter link).
Reath, meanwhile, is earning $2.2MM this season and could be a restricted free agent in the summer if he finishes his current contract and is given a qualifying offer, though that seems unlikely.