NBA Rules & Regulations Regarding Trade Dates
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Trades Among Teams
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It makes no difference whether or not the NBA team has the best or worst record. Any team can trade with any team.
Money and Draft Picks
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The trade deadline isn't conducive to only players being traded. Money or draft picks can also be traded, which can open up salary cap space for the team.
Dates
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All teams must have trade offers in to the league office by the trade deadline date and time, which is mandated by the league every season.
Buying Out Contracts
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Players who want to have contracts bought out by their team do not have to do this by the trade deadline; it can be done after the deadline or during the offseason. Any bought-out contracts count against the salary cap.
What NBA Teams Can't Do
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NBA teams can not, under any circumstances, give teams a player, monetary compensation or draft picks and get nothing in return.
Salary Cap
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All teams must keep a mandatory 15 active members and remain under the specific salary cap, to prevent teams having an advantage over another.
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