Miami Heat get: Damian Lillard
Portland Trailblazers get: Kyle Lowry, Luke Kennard, Ziaire Williams, Jaime Jaquez Jr, Nikola Jovic, 2025 Lottery Protected First Round Pick (via Memphis), 2026 First Round Pick Swap (with Miami), 2027 First Round Pick Swap (with Miami), 2028 First Round Pick (via Miami), 2029 First Round Pick Swap (with Miami), and 2030 First Round Pick (via Miami)
Memphis Grizzlies get: Tyler Herro
Not shown: Portland Trailblazers buyout or waive Kyle Lowry and Memphis Grizzlies waive Jacob Gilyard and Vince Williams Jr in order to make room for and finally sign G.G Jackson and Tarik Biberovic on two-way contracts