By Marilyn Dubinski / Pounding The Rock, 2026-10-03 02:05:08
自2018年夏天科怀·伦纳德 (Kawhi Leonard) 和托尼·帕克 (Tony Parker) 离队、马努·吉诺比利 (Manu Ginobili) 宣布退役以来，不仅终结了马刺在GDP“三巨头”率领下长期保持争冠实力的时代，也扼杀了一个本该由伦纳德引领的新纪元（或者说，终结了一个极其短暂的时代）。自那之后，马刺经历了数个微型过渡期。他们曾试图开创一段由拉马库斯·阿尔德里奇 (LaMarcus Aldridge) 与德马尔·德罗赞 (DeMar DeRozan) 领衔的新篇章，但最终无疾而终。此后，球队掀起青年风暴，并迅速在2024-25赛季前全面切入彻底重建模式；而真正让他们重返争冠行列的关键操作，当属通过选秀摘下维克托·文班亚马 (Victor Wembanyama)、斯蒂芬·卡斯尔 (Stephon Castle) 和迪伦·哈珀 (Dylan Harper)，以及通过交易引进达龙·福克斯 (De’Aaron Fox)。
然而，还有许多其他交易同样铺就了马刺通向现状的道路，其中部分运作至今仍在未来的选秀资产中蕴含着丰厚红利。考虑到马刺最快在明年休赛期就必须开始精打细算应对薪资帽，这些资产将起到举足轻重的作用。有鉴于此，我认为我们不妨全面复盘重建期的所有交易，探究它们如今带来了怎样的回报，以及马刺在未来仍握有哪些应得资产。我们将从2021年德罗赞的交易说起（这笔交易本身虽已结算，但仍在间接带来长远红利）。不过在开始前，有几点需要说明：
- 数据资料鸣谢 Salary Swish 与 Basketball Reference。
- 部分交易涉及多方球队，但我们仅着眼于包含马刺在内的运作。
- 凡是以粗体标示的球员姓名或资产，均代表目前仍在等待兑现，或已为马刺转化成了具有一定价值的战力（程度各异）。
- 纯粹为了清理薪资空间、且最终导致球员被裁或未在其他运作中换回任何选秀资本的交易不予计入。（例如：马刺将2024年次轮签送往波士顿以换取诺阿·冯莱 (Noah Vonleh)，随后立刻将其裁掉）。
- 为节省篇幅，若马刺换得某位球员后，又在回报微薄的后续小规模交易中将其送走，该后续操作将直接归入最初引进他的交易项下列出。（例如胡安乔·埃尔南戈麦斯 (Juancho Hernangomez) 和约什·理查德森 (Josh Richardson)）。
- 交易状态标为已结清，意味着该交易未来已无任何后续红利；标为未完结，则意味着它在未来仍能或将会继续为马刺输送资产。
2021年8月：德马尔·德罗赞加盟公牛
公牛得到：
- 德马尔·德罗赞
马刺得到：
- 赛迪斯·杨 (Thaddeus Young) —— 后被交易
- 艾尔-法鲁克·阿米奴 (Al-Farouq Aminu) —— 被裁
- 公牛2022年次轮签 —— 在第38顺位选中肯尼迪·钱德勒 (Kennedy Chandler)，选秀夜送至灰熊，换回的选秀权在2024年第48顺位选中了哈里森·英格拉姆 (Harrison Ingram)
- 公牛2025、2026或2027年首轮签：2025年前10保护，2026和2027年前8保护，若未能兑现则转化为2028年次轮签 —— 于2024年归还公牛（公牛在2025年第12顺位选中诺阿·埃桑格 (Noa Essengue)）
- 公牛2025年次轮签 —— 于2024年交易至国王（第42顺位选中马克西姆·雷诺 (Maxime Raynaud)）
交易状态：已结清
2022年1月：布林·福布斯加盟掘金
掘金得到：
- 布林·福布斯 (Bryn Forbes)
马刺得到：
- 胡安乔·埃尔南戈麦斯（来自凯尔特人） —— 一个月后被送往爵士，换来托马什·萨托兰斯基 (Tomas Satoransky)（出战1场后被裁）以及雷霆、步行者、火箭或热火中顺位最差的2027年次轮签*
- 掘金2028年次轮签（31-33顺位保护） —— 在2026年选秀大会上回售给掘金换取小塔里斯·里德 (Tarris Reed Jr.)（此后已被送往奇才）
交易状态：已结清（*该2027年次轮签属于独立交易）
2022年2月：赛迪斯·杨、德鲁·尤班克斯加盟猛龙
猛龙得到：
- 赛迪斯·杨
- 德鲁·尤班克斯 (Drew Eubanks)
- 马刺2022年次轮签 —— 被送至骑士（第39顺位选中哈利法·迪奥普 (Khalifa Diop)）
马刺得到：
- 戈兰·德拉季奇 (Goran Dragic) —— 被裁（两次无限接近加盟马刺、却终究未能成行的过客）
- 猛龙2022年首轮签（前14保护） —— 在第20顺位选中马拉基·布兰纳姆 (Malaki Branham)
- 猛龙2023年首轮签（前13保护） —— 在雅各布·珀尔特尔 (Jakob Poeltl) 交易中归还猛龙（第13顺位选中格雷迪·迪克 (Gradey Dick)）
交易状态：已结清
2022年2月：德里克·怀特加盟凯尔特人
凯尔特人得到：
- 德里克·怀特 (Derrick White)
马刺得到：
- 约什·理查德森 —— 2023年2月被送走，换来德文特·格雷厄姆 (Devonte’ Graham)、转化为第42顺位选中贾科比·吉莱斯皮 (Ja’Kobi Gillespie) 的2026年次轮签，以及鹈鹕的2028和2029年次轮签。
- 格雷厄姆随后在2024年夏天被交易至黄蜂，换取部分现金。
- 罗密欧·兰福德 (Romeo Langford) —— 履行完截至2022-23赛季的合同
- 凯尔特人2022年首轮签 —— 在第25顺位选中布莱克·韦斯利 (Blake Wesley)
- 凯尔特人2028年首轮签互换权（状元签保护）
- 若凯尔特人抽中状元签（概率极低），则唯有其落入31-45顺位区间时才会转化为次轮签（同样极不可能发生；因此大概率要么是非乐透区的首轮签，要么彻底落空）。
交易状态：未完结
2022年6月：德章泰·穆雷加盟老鹰
老鹰得到：
- 德章泰·穆雷 (Dejounte Murray)
- 乔克·兰代尔 (Jock Landale)
马刺得到：
- 达尼洛·加里纳利 (Danilo Gallinari) —— 被裁
- 老鹰2025年首轮签 —— 在第14顺位选中卡特·布莱恩特 (Carter Bryant)
- 老鹰2026年首轮签互换权 —— 执行互换，在第20顺位选中杰登·昆坦斯 (Jayden Quaintance)
- 老鹰（经黄蜂流转）2026年次轮签 —— 在福克斯交易中送至国王（第45顺位选中伊曼纽尔·夏普 (Emanuel Sharp)）
- 原本可能成为2023、2024或2025年的首轮签，但由于黄蜂设置的乐透保护始终未被触发，因而顺延为2026年次轮签
- 老鹰2027年无保护首轮签
交易状态：未完结
2023年2月：雅各布·珀尔特尔加盟猛龙
猛龙得到：
- 雅各布·珀尔特尔
马刺得到：
- 肯·伯奇 (Khem Birch) —— 后被裁
- 猛龙2023年次轮签 —— 在第44顺位选中西迪·西索科 (Sidy Cissoko)
- 猛龙2024年首轮签 —— 在第8顺位选中罗伯·迪林厄姆 (Rob Dillingham)，随后交易至森林狼换取其2031年首轮签（此签后被送往国王）
- 猛龙2025年次轮签 —— 在2024年作为多方交易的拼图送往独行侠，最终转化为活塞在第37顺位选中的沙兹·拉尼尔 (Chaz Lanier)
- 在这笔运作中，马刺还得到了雷吉·布洛克 (Reggie Bullock)（被裁）以及独行侠的2030年首轮签互换权；该互换权随后被打包进迪林厄姆的交易，如今演变为独行侠与森林狼之间前1顺位保护、顺位更优的首轮签互换权。*
交易状态：已结清（*独立交易）
行文至此，我们先从“重磅”交易中稍作抽离，盘点几笔马刺在2023年夏天完成的相对较小的运作：其中包括在2023年选秀夜将次轮秀伦纳德·米勒 (Leonard Miller) 交易至森林狼，换取其2028年次轮签。此外，马刺还通过吃下薪资的运作得到并裁掉了卡梅隆·佩恩 (Cameron Payne)，同时捞到了太阳的2024年次轮签（后文详述）。
伴随着文班亚马的入驻，也正是从这一刻起，我们开始见证马刺从单纯囤积选秀资产，转向引进即战力球星。
2023年7月：马刺引进切迪·奥斯曼
热火得到：
- 马刺、火箭、步行者、雷霆或热火自身之间顺位最差的2027年次轮签（即埃尔南戈麦斯交易中换回的那枚签位）
马刺得到：
- 切迪·奥斯曼 (Cedi Osman) —— 履行完截至2023-24赛季的合同
- 拉马尔·史蒂文斯 (Lamar Stevens) —— 被裁
- 骑士2030年次轮签
交易状态：未完结
2024年2月：道格·麦克德莫特加盟步行者
步行者得到：
- 道格·麦克德莫特 (Doug McDermott)
- 猛龙2024年次轮签 —— 在第36顺位选中胡安·努涅斯 (Juan Nunez)（目前仍在海外征战）
- 几周后，努涅斯便被交易至马刺，换取约翰尼·弗菲 (Johnny Furphy) —— 后者是马刺此前利用佩恩交易中获得的太阳次轮签、在第35顺位摘下的。（理清这层关系了吗？）
马刺得到：
- 马库斯·莫里斯 (Marcus Morris) —— 被裁（总算又把这个麻烦送走了！）
- 快船2029年次轮签
交易状态：未完结
2024年7月：马刺引进哈里森·巴恩斯
国王得到：
- 来自公牛的德马尔·德罗赞
- （马刺在这笔交易中分文未出！）
马刺得到：
- 哈里森·巴恩斯 —— 今夏与马刺完成续约。
- 国王2031年首轮签互换权
交易状态：未完结
2025年2月：马刺引进达龙·福克斯与乔丹·麦克劳克林
公牛得到（来自马刺）：
- 扎克·科林斯 (Zach Collins)
- 特雷·琼斯 (Tre Jones)
- 属于公牛自身、曾在2021年德罗赞交易中流转至马刺的2025年首轮签
国王得到（来自马刺）：
- 西迪·西索科
- 属于公牛、曾在2021年德罗赞交易中流转至马刺的2025年次轮签
- 马刺2027年首轮签 —— 此后已被交易，国王拥有前16保护，若落入17-30顺位则归雷霆所有
- 来自迪林厄姆交易的森林狼2031年首轮签
马刺得到：
- 达龙·福克斯 —— 2025年签下4年提前续约合同（2026年正式生效）
- 乔丹·麦克劳克林 —— 于2025年和2026年完成续约
交易状态：已结清
至此，马刺重建期的重头交易已基本梳理完毕！此后他们还曾作为配角参与过零星交易，无外乎是吞下薪水并裁员、或是转让次轮签（例如在凯尔·库兹马 (Kyle Kuzma) 加盟雄鹿的交易中扮演次要角色）。去年夏天他们还将布兰纳姆与韦斯利送至奇才换取凯利·奥利尼克 (Kelly Olynyk)（未换回任何选秀资本），但在我看来，这些都属于“后重建期”的零星修补，对当下的宏观格局已无关痛痒。
顺藤摸瓜复盘这盘大棋确实颇耗心力，但这不仅是重温球队崛起之路的极佳视角，顺道挖掘出一些意想不到的隐秘因果链也极为有趣。举个例子，谁能想到甚至知道，布林·福布斯的离开竟间接为我们带来了小塔里斯·里德？（现在我比任何时候都期盼里德能打出亮眼身价）。又或者，当年把德罗赞送往芝加哥的最初交易实际上并未让马刺换回多少实质好处，然而数年后公牛将他转手给国王时，马刺却从中坐收渔利？不得不说，这才是长线布局的终极奥义。
最后，我们将马刺目前通过上述交易持有或在未来应得的资产汇总如下，以供备忘查阅：
球员资产（通过交易换回或通过所得选秀权摘得）
- 哈里森·巴恩斯 —— 空手套白狼
- 达龙·福克斯 —— 筹码为扎克·科林斯、特雷·琼斯、西迪·西索科
- 乔丹·麦克劳克林 —— 筹码为扎克·科林斯、特雷·琼斯、西迪·西索科
- 卡特·布莱恩特 —— 筹码为德章泰·穆雷和乔克·兰代尔
- 杰登·昆坦斯 —— 筹码为德章泰·穆雷和乔克·兰代尔
- 小塔里斯·里德 —— （间接）源自布林·福布斯
未来首轮选秀权
- 老鹰2027年无保护首轮签（友情提示：马刺自家的首轮签将归属国王或雷霆，因此这将是他们明年夏天手握的独苗签位）
- 2028年凯尔特人首轮签互换权（状元签保护）
- 2030年独行侠或森林狼中顺位更优者的首轮签互换权（状元签保护）
- 2031年国王首轮签互换权
未来次轮选秀权
- 雷霆/火箭/步行者/热火中顺位最差的2027年次轮签
- 2028年凯尔特人次轮签（前提是首轮互换权未兑现，且顺位落在31-45区间）
- 2028和2029年鹈鹕次轮签
- 2029年快船次轮签
- 2030年骑士与国王次轮签
由生成式 AI 翻译，译文内容可能不准确或不完整，以原文为准。
查看原文：Rebuild-era Trades: How they impact the Spurs today and going forward
Rebuild-era Trades: How they impact the Spurs today and going forward
Since Kawhi Leonard and Tony Parker left and Manu Ginobili retired in the summer of 2018, ending the Spurs’ long era as a championship contender under the Big Three and preventing a Kawhi-led era (or at least ending a short one), there have been several mini-eras. They tried to start a new chapter led by LaMarcus Aldridge and DeMar DeRozan, but it never amounted to anything. After that, they entered a youth movement that quickly switched to rebuild mode through the 2024-25 season, with the major acquisitions that brought them back to title contention being the drafting of Victor Wembanyama, Stephon Castle and Dylan Harper and trade for De’Aaron Fox.
However, there were several other transactions in there that also got them where they are today, some of which still have draft payoff in the future, and that will be huge when the Spurs have to start minding the cap as soon as next offseason. With that in mind, I thought we would go over all the trades of the of the Rebuild Era and see how they are paying off today and what assets the Spurs are still owed in the future, beginning with the trade of DeMar DeRozan in 2021 (which on its own is resolved but still has indirect future pay-off). But first, a few notes:
- Information is courtesy of Salary Swish and Basketball Reference.
- Some trades included multiple other teams, but we’re just sticking to the transactions that involved the Spurs.
- Names or assets in bold are either still pending or turned into meaningful players (of varying degrees) for the Spurs.
- Trades that were simply salary dumps resulting in players waived or no draft capital that paid off anywhere else are not included. (For example: the Spurs sending their 2024 2nd round pick to Boston for Noah Vonleh, whom they immediately waived).
- To save space, if the Spurs acquired a player and later traded him in a smaller trade with minor payoff, that smaller trade is listed under the initial acquisition. (Examples include Juancho Hernangomez and Josh Richardson.)
- A trade status of resolved means it has nothing else to contribute going forward, and a status of pending means it can or will continue to provide for the Spurs in the future.
August 2021: DeMar DeRozan to the Bulls
Bulls receive:
- DeMar DeRozan
Spurs receive:
- Thaddeus Young — later traded
- Al-Farouq Aminu — waived
- Bulls’ 2022 2nd round pick — picked Kennedy Chandler at 38th, traded to Memphis on draft night for the pick that became Harrison Ingram at 48th in 2024
- Bulls’ 2025, 2026 or 2027 1st round pick: top-10 protected in ‘25, top-8 protected in ‘26 and ‘27, would become 2028 2nd round pick if not conveyed — returned to Bulls in 2024 (drafted Noa Essengue at 12th in 2025)
- Bulls’ 2025 second round pick — traded to Kings in 2024 (drafted Maxime Raynaud at 42nd)
Trade Status: Resolved
January 2022: Bryn Forbes to the Nuggets
Nuggets receive:
- Bryn Forbes
Spurs receive:
- Juancho Hernangomez (via Boston) — traded to Jazz a month later for Tomas Satoransky (waived after 1 game) and least favorable 2027 2nd round pick between Thunder, Pacers, Rockets or Heat*
- Nuggets’ 2028 2nd round pick, 31-33 protected — traded back to Nuggets for Tarris Reed in 2026 Draft (and since traded to the Wizards)
Trade Status: Resolved (*the 2027 2nd round pick was a separate trade)
February 2022: Thaddeus Young, Drew Eubanks to the Raptors
Raptors receive:
- Thaddeus Young
- Drew Eubanks
- Spurs’ 2022 2nd round pick — traded to Cavs (drafted Khalifa Diop at 39th)
Spurs receive:
- Goran Dragic — waived (the twice almost-Spur that never was)
- Raptors’ 2022 1st round pick, top 14 protected — drafted Malaki Branham at 20th
- Raptors’ 2023 1st round pick, top 13 protected — returned to Raptors in Jacob Poeltl trade (drafted Grady Dick at 13th)
Trade Status: Resolved
February 2022: Derrick White to the Celtics
Celtics receive:
- Derrick White
Spurs receive:
- Josh Richardson — traded in Feb. 2023 for Devonte Graham, 2026 2nd round pick that became Ja’Kobi Gillespie at 42nd, and Pelicans’ 2028 and 2029 2nd round picks.
- Graham would later be traded in the summer of 2024 to the Hornets for cash considerations.
- Romeo Langford — completed contract through 2022-23 season
- Celtics’ 2022 1st round pick — drafted Blake Wesley at 25th
- Right to swap Celtics’ 2028 1st round pick, top-1 protected
- If Celtics pick 1st (highly unlikely), it will convey to a 2nd round pick if it’s between 31-45 (also highly unlikely, so it will more than likely either be a first round pick outside the lottery or nothing).
Trade Status: Pending
June 2022: Dejounte Murray to the Hawks
Hawks Receive:
- Dejounte Murray
- Jock Landale
Spurs Receive:
- Danilo Gallinari — waived
- Hawks’ 2025 1st round pick — drafted Carter Bryant at 14th
- Right to swap Hawks’ 2026 1st round pick — swapped, drafted Jayden Quaintance at 20th
- Hawks’ (via Hornets) 2026 2nd round pick — traded to Kings in De’Aaron Fox trade (drafted Emanuel Sharp at 45th)
- Originally would have been 1st round pick in 2023, 2024 or 2025 but was lottery protected by the Hornets and never conveyed, so became 2026 2nd round pick
- Hawks’ unprotected 2027 1st round pick
Trade Status: Pending
February 2023: Jakob Poeltl to the Raptors
Raptors Receive:
- Jakob Poeltl
Spurs receive:
- Khem Birch — later waived
- Raptors’ 2023 2nd round pick — drafted Sidy Cissoko at 44th
- Raptors’ 2024 1st round pick — drafted Rob Dillingham at 8th and traded to Timberwovles for their 2031 first round pick (later traded to Kings)
- Raptors’ 2025 2nd round pick — traded to Mavs as small part of a multi-team trade in 2024, eventually turned into Chaz Lanier for Pistons at 37th
- The Spurs also received Reggie Bullock (waived) and a 2030 1st round pick swap option with the Mavs in this trade, which was included in the Rob Dillingham trade and is now the top-1 protected, most favorable pick between the Mavs and Timberwolves.*
Trade Status: Resolved (*separate trade)
Here we take a minor break from “major” trades to note of some of the relatively small ones the Spurs made in the Summer of 2023, including a 2023 draft-night trade of 2nd round pick Leonard Miller to the Timberwolves for their 2028 2nd round pick. The Spurs also acquired/waived Cameron Payne and the Suns’ 2024 2nd round pick in a salary dump (more in this below).
With Victor Wembanyama now in tow, here is where we start seeing the Spurs acquire talent instead of just draft assets.
July 2023: Spurs acquire Cedi Osman
Heat receive:
- Least favorable 2027 2nd round pick between Spurs, Rockets, Pacers, Thunder or themselves (same pick from the Hernangomez trade)
Spurs receive:
- Cedi Osman — completed contract through 2023-24 season
- Lamar Stevens — waived
- Cavaliers’ 2030 2nd round pick
Trade Status: Pending
February 2024: Doug McDermott to the Pacers
Pacers receive:
- Doug McDermott
- Raptors’ 2024 2nd round pick — drafted Juan Nunez with the 36th pick (still overseas)
- Nunez was then traded to the Spurs for Johnny Furphy a few weeks later, whom the Spurs had selected at 35th with the pick they got from the Suns in the Payne trade. (Got all that?)
Spurs Receive:
- Marcus Morris — waived (good riddance again!)
- Clippers’ 2029 2nd round pick
Trade Status: Pending
July 2024: Spurs acquire Harrison Barnes
Kings receive:
- DeMar DeRozan from Bulls
- (Spurs gave up nothing in this trade!)
Spurs receive:
- Harrison Barnes — re-signed with Spurs this summer.
- Right to swap 2031 1st round pick with Kings
Trade Status: Pending
February 2025: Spurs acquire De’Aaron Fox and Jordan McLaughlin
Bulls receive (from Spurs):
- Zach Collins
- Tre Jones
- Own 2025 1st round pick that had gone to the Spurs in the 2021 DeRozan trade
Kings receive (from Spurs):
- Sidy Cissoko
- Bulls’ 2025 2nd round pick that had gone to Spurs in 2021 DeRozan trade
- Spurs’ 2027 1st round pick — since traded and top 16 protected for Kings, goes to Thunder if 17-30
- Timberwolves’s 2031 1st round pick from Rob Dillingham trade
Spurs receive:
- De’Aaron Fox — signed 4-year extension in 2025 (kicks in 2026)
- Jordan McLaughlin — re-signed in 2025 and 2026
Trade Status: Resolved
And that pretty much ends all the Spurs’ rebuild era trades! They’ve been a minor part of a few others since then, either taking on and waiving salary or trading 2nd round picks (such as playing a small role in the trade that sent Kyle Kuzma to the Bucks). They also traded Branham and Wesley to the Wizards for Kelly Olynyk last summer (no draft capital received back), but I consider all of those “post rebuild” trades and inconsequential today.
This has been quite the rabbit hole to go down, but it’s a good way to remember how we got here, plus it was funny to see some of the random connections you wouldn’t have otherwise considered. For example, who remembered or even knew that Bryn Forbes indirectly led to Tarris Reed? (Now I need Reed to pay off more than ever.) Or that the original DeRozan trade to Chicago really amounted to nothing for the Spurs, but they benefited greatly from the Bulls moving him to the Kings a few years later? Talk about playing the long game.
To conclude, here are the assets the Spurs currently own or are owed in the future from these trades for future reference:
Players (traded for or drafted)
- Harrison Barnes — for nothing
- De’Aaron Fox — for Zach Collins, Tre Jones, Sidy Cissoko
- Jordan McLaughlin — for Zach Collins, Tre Jones, Sidy Cissoko
- Carter Bryant — for Dejounte Murray and Jock Landale
- Jayden Quaintance — for Dejounte Murray and Jock Landale
- Tarris Reed — (indirectly) for Bryn Forbes
Future 1st round draft picks
- Hawks’ unprotected 2027 pick (reminder, Spurs’ pick goes to the Kings or Thunder, so this is their only pick next summer)
- 2028 swap rights with Celtics, top 1 protected
- 2030 swap rights with most favorable of Mavs or Timberwolves, top 1 protected
- 2031 swap rights with Kings
Future 2nd round draft picks
- Least favorable of Thunder/Rockets/Pacers/Heat 2027 picks
- 2028 Celtics’ pick IF first round swap does not convey and is inside 31-45
- 2028 and 2029 Pelicans’ picks
- 2029 Clippers’ pick
- 2030 Cavs and Kings’ picks
By Marilyn Dubinski / Pounding The Rock