With the 2025 WNBA All-Star break looming later this month, teams across the league aren't waiting for the August 7th deadline to pull the trigger on trades and waivers, significantly shaking up league rosters.

On Monday, Dallas abruptly traded forward NaLyssa Smith to the Las Vegas Aces in exchange for a 2027 first-round draft pick, surprising Smith and her Wings teammates — including girlfriend DiJonai Carrington.

"Sick to my stomach dawg, never seen this coming," Smith posted to X after the WNBA announced the trades, adding "if I could've chose anywhere to go it would've been Vegas, so hella excited [for] this new opportunity."

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WNBA trades target future prospects

The recent WNBA trades both reflect the depth of options Dallas has in their frontcourt — most recently boosted by the Wings acquiring center Li Yueru from Seattle last month — and indicates the team's early play at a talented WNBA Draft class, with NCAA stars like USC's JuJu Watkins and Notre Dame's Hannah Hidalgo going pro in 2027.

At the same time, Smith's trade extends Las Vegas's first-round draft drought, with the Aces — who last added a first-round selection in 2022 — currently without an early draft pick until 2028.

As the Las Vegas focuses on leveling up this season, hoping Smith helps boost their current seventh-place league standing, the Aces also added roster cuts to their Monday trade.

Las Vegas handed out waivers to guard Tiffany Mitchell and second-year forward Elizabeth Kitley, who was selected 24th overall by the Aces in the 2024 WNBA Draft despite tearing her ACL at the end of her NCAA career.

Golden State Valkyries guard Julie Vanloo looks on during a 2025 WNBA game.
Golden State waived Belgian guard Julie Vanloo as she returned from winning the 2025 EuroBasket. (Thearon W. Henderson/Getty Images)

Golden State waives 2025 EuroBasket champ Vanloo

Making their own controversial Monday move was 2025 expansion side Golden State, as the Valkyries cut Belgian guard Julie Vanloo shortly after the 2025 EuroBasket champion rushed to return to California, skipping her national team's title-winning celebrations.

"Literally just touched down in the bay," Vanloo wrote on an Instagram story littered with broken heart emojis. "I need some time to process all of this man and put my feels into words. I can't right now."

While Golden State faces backlash for the timing of the cut, waiving Vanloo ultimately opens up a contract for the Valkyries, with rumors swirling that either guard Kaitlyn Chen or forward Laeticia Amihere will earn the roster spot after impressing as replacement players during European absences.

All in all, with WNBA roster space remaining at a premium, teams are making big swings in an effort to shore up their ranks as they push toward the 2025 season's halfway point.

The Golden State Valkyries began building their 2025 debut roster on Friday, when the first WNBA expansion draft since February 2008 saw the league's incoming 13th franchise select its first players.

Other than each team's six protected players, the Valkyries were allowed to choose a maximum of one player from each of the league's 12 current squads, including one total unrestricted free agent.

Golden State selected 11 notable 2024 contributors, leaving only the Seattle Storm's current roster intact.

Loaded with a barrage of both established and international talent, the Valkyries chose seven players who are at or over the WNBA's average age of 27, signaling the new franchise's interest in leveraging veteran talent to form a team who could immediately contend for a championship title.

Ultimately, Golden State GM Ohemaa Nyanin wants her new draftees "to be happy. I want them to understand the opportunity that they have to come and be historians. Once you get to put on that jersey and you get to sit in front of a packed Chase Center, your whole experience is going to change."

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Bench stars highlight Valkyries expansion draft picks

Golden State snagged stellar talent on Friday, including some of the league's top bench contributors, like 2024 WNBA champion Kayla Thornton. The forward, who was likely only unprotected due to New York's incredibly deep roster, appeared in every 2024 Liberty contest, logging the franchise's second-most minutes off the bench.

Other new Valkyries include Phoenix forward Monique Billings, Golden State's lone permitted unrestricted free agent pick, and Connecticut guard Veronica Burton.

Perhaps the most surprising Golden State acquisition was Indiana center Temi Fagbenle, who proved a solid pairing with 2024 Rookie of the Year Caitlin Clark in the Fever's 2024 campaign. Her availability in Friday's draft was a shock, giving the Valkyries a solid veteran two-way performer in the paint.

Also on the move is Las Vegas' fan-favorite guard Kate Martin. The surprise second-round 2024 WNBA Draft pick saw her playing time decrease as the Aces' injured roster got healthy last season. This move to the Bay Area, where she'll rejoin former Las Vegas assistant and new Golden State head coach Natalie Nakase, will likely give the guard more opportunities to develop and contribute.

In her live post-draft interview, Martin told ESPN, "I'm really excited. This league is all about opportunity and you just need one shot, right? I'm very thankful for the Aces and everything that I got to learn there, but I am really excited for this new beginning and to build something from the ground up with the Valkyries."

Golden State Valkyries expansion draft selected player and former Mystics guard Julie Vanloo smiles during a game.
New Golden State draftee Julie Vanloo led Washington in assists per game last season. (Michael Gonzales/NBAE via Getty Images)

Valkyries roster leans on international talent

Joining the five US-born new Valkyries are six international standouts, with three from last season's WNBA courts and three from various European leagues.

Making intra-league moves are Australian forward Stephanie Talbot and Italian forward Cecilia Zandalasini, selected from the LA Sparks and Minnesota Lynx, respectively. Similarly, guard Julie Vanloo, who's first WNBA season at 31 years old had her leading the Mystics in assists per game, will relocate to the West Coast after Golden State claimed the Belgian sharpshooter.

The Valkyries secured the rights to two athletes who've never played in the WNBA — French guard Carla Leite and Spanish forward María Conde from Dallas and Chicago, respectively. French center Iliana Rupert, who helped the Aces win their 2022 championship before joining Atlanta, also earned a Golden State nod despite opting to play in Turkey rather than the WNBA last season.

Golden State GM Ohemaa Nyanin and majority owner Joe Lacob speak at the Golden State Valkyries WNBA expansion draft.
The Valkyries front office will continue roster building via free agency. (Santiago Mejia/San Francisco Chronicle via Getty Images)

Golden State's next steps

While last week's expansion draft is an important first step in building new squads, expect even more pieces to fall into place early as free agency and the trade market heat up next year.

Though free agency remains frozen until February 1st, Valkyries will have a significant amount of salary cap wiggle room with which to negotiate, as few expansion draft selections are arriving already under contract for 2025.

Golden State will also add to their roster coffers in April's college draft. The Valkyries have been granted the No. 5 overall pick, plus the fifth pick in both the second and third rounds.

The Golden State Valkyries expansion draft selections