It might not have been a blockbuster, but Wednesday's four-team, five player deal should have a significant impact league-wide, trickling all the way down to the Raptors.
The Indiana Pacers finally solved their point guard problems by adding Darren Collison, who played brilliantly as a rookie last season starting in place of injured superstar Chris Paul (18.8 points, 9.1 assists per game in 37 starts).
Indiana was one of the more interested teams in Jose Calderon, meaning the limited market for the longest-serving Raptor just shrunk.
With few teams still in need of a lead guard, Toronto may now be forced to hang on to the Spaniard, who was nearly dealt to Charlotte last month.
New Orleans traded Collison and the burdensome contract of forward James Posey for swingman Trevor Ariza in an attempt to get some help for Paul, who despite his words to the contrary, is not happy in New Orleans.
Ariza turned down the Raptors and his hometown Lakers before signing a five-year $34-million US deal with Houston last summer. The Rockets, who subsequently added guard Kevin Martin, centre Brad Miller and spent heavily to retain Luis Scola and Kyle Lowry, were happy to shed Ariza's deal.
The Pacers sent big man Troy Murphy to the New Jersey Nets where he will complement centre Brook Lopez and promising power forward Derrick Favors.
It is expected Indiana will buy out ex-Raptor point guard T.J. Ford if the team is unable to find a taker for him.
The Nets sent Courtney Lee to the Rockets to complete the complicated transaction.
Lee was expected to be a key piece going forward for the Orlando Magic after starting for the 2009 NBA finalists, but he was moved in the Vince Carter trade a year ago and will now serve as Martin's backup.