This year’s NBA free agency lived up to the hype, with a bunch of unexpected player movements and several billion dollars worth being handed out in guaranteed contracts. It was an exciting offseason to be an NBA fan.

Now that things have chilled on the transactional front, here’s a look at some of the most significant winners and losers from this summer’s free agency:

Winner: Golden State Warriors

Adding a top-three player in the NBA, Kevin Durant, is as good as it gets in free agency. The acquisition automatically vaults the Warriors to the top of the winners list. After all the fretting over Harrison Barnes’s free agency and how Golden State would handle it, the Dubs instead replaced him with arguably the best player at that position in the league.

Durant gives the already (historically) elite lineup of Warrior shooters another one of the best shooters of this era, as well as ridiculous length to maintain the team’s switch-heavy defensive style. Plus, he has experience playing off the ball after sharing possessions with Russell Westbrook in Oklahoma City’s iso-dominant attack. This is a coup for the Warriors, regardless of how much they’ve lost in terms of size and depth.

Although those questions are fair, ring-chasing veterans have already flocked to Oakland to lend assistance, namely Zaza Pachulia and David West––both on insane discounts for big men in the current market. Moreover, it is worth remembering that they got Kevin Durant. He solves some problems on his own.

Loser: Chicago Bulls

At the beginning of this offseason, the Bulls looked like they were planning for next offseason. The team ended its Derrick Rose saga a year early, sending him and his expiring contract to the New York Knicks for a package that included second-year point guard Jerian Grant. Chicago used its first-round pick on Denzel Valentine and even dangled star player Jimmy Butler during the draft, suggesting it was open to an even more comprehensive rebuilding plan.

Then, the Bulls’ front office seemed to do an about-face.

The apparent vision for the future that dictated the early moves in free agency disappeared. It was replaced by an apparent madness, or a very real desire to sell tickets and/or make the playoffs. Chicago pursued a pair of big-name talents who are terrible fits for their system, and eventually landed both: point guard Rajon Rondo and shooting guard Dwyane Wade.

The Rondo signing is worse. He put up solid numbers on a one-year “show me” deal in Sacramento, and even the Kings didn’t care to bring him back. He’s no longer even a passable defender, but he’s still a stat hunter who can’t shoot and stops the ball. The Wade signing looks a little better, especially considering he’s from Chicago, but he can’t play “Hoiball,” either. Wade doesn’t make threes, also loves to dominate the ball, and has proved incapable of playing a full season in recent years. Furthermore, Butler now has to make room for a pair of much older players with obtrusive styles of play.

The contracts aren’t awful in terms of money or length, but the contradiction and apparent lack of vision in the front office’s moves don’t look promising. The obvious bad fits in the system make it even worse. Good luck, Mayor Hoiberg.

Winner: Boston Celtics

The Celtics finally landed a big free agent, and even though Durant didn’t follow, Al Horford is a damn good start. Horford is a super toolsy big who can play both positions down low, and he makes this team better immediately, despite perceptions about his lack of star power.

The move also keeps Boston open to the possibilities of more deals in the future. The Celtics signed Horford outright, so Danny Ainge still has all his precious assets for later deals. Plus, Horford is super versatile and can fit around virtually any other star player. It’s a great move for Boston to improve but still maintain flexibility.

Loser: Los Angeles Lakers

Not only did the Lakers miss out on meetings with Durant and Hassan Whiteside, two of the premier free agents on the market, but they settled for bad contracts to compound their poor offseason. L.A. committed $64 million and $72 million over the next four years to 30-year-old Timofey Mozgov and 31-year-old Luol Deng, respectively.

The Lakers are a young, developing team, so those deals already look like ill-advised, long-term headaches on this roster. Combined with their ages and relatively modest production during the last couple seasons, the deals become even harder to understand. It’s true that both players offer leadership and fill needs, but L.A. could have found those things elsewhere at a lower cost.

The kicker is that these contracts could affect the Lakers’ ability to lure a max free agent next offseason, when the class will be much improved, especially with the lower-than-expected cap.

Winner: Utah Jazz

After a disappointing postseason miss last season, the Jazz had an offseason that could push them into the thick of the Western Conference conversation. Utah badly needed a point guard, shooting, and a versatile big man, and somehow it snagged all three. Even better, the team only gave up a lottery pick and player rights.

By getting George Hill, Joe Johnson and Boris Diaw, the Jazz addressed essentially every major need they had, and with quality veterans at that. Hill is a caretaking point guard who can fill in the gaps around the returning Dante Exum and lock up opposing backcourts. Johnson looked revived in Miami and offers very reasonably priced shooting on the wing, while Diaw enhances their burly frontcourt with his finesse-based skill set.

Add in the returns of Exum, Alec Burks, and a healthy Rudy Gobert, and this free agency period has positioned Utah to finally make good on its promise next season.

Loser: Miami Heat

This loser comes with a caveat. In the short term, losing Dwyane Wade looks bad for the Heat, especially after years of asking him to take less money for the sake of the team. Miami also lost Joe Johnson and Luol Deng. Although the team managed to hang on to Hassan Whiteside, it didn’t replace its wing talent. Next season, the Heat could take a step back, depending on the health of Chris Bosh and the development of young talent.

In the long run, however, this offseason could be a big win for the Heat. Cutting bait with Wade now saves them from a potentially Kobe-esque career twilight filled with injuries and distractions.

Pat Riley can work to smooth things over–he’s already begun, actually–while planning toward a younger, more athletic future with cap flexibility. Once Wade gets his money and forgives, it’s really a win-win for both sides. If Riles saw this ahead of time, this is the perfect evil-genius plan only he could cook up.

Winner: Memphis Grizzlies

This was a crucial offseason for the Grizzlies, coming off a disappointing season in which their best player suffered a troubling foot injury, and their second-best player was an unrestricted free agent. Plus, they just fired their head coach.

Memphis managed to hold it together, though, and was able to re-sign Mike Conley to the biggest contract in NBA history, as well as potentially add the type of wing shooter the franchise has coveted for years. If Chandler Parsons can stay healthy, which is always a big “if,” he’d create spacing the Grizzlies haven’t enjoyed in years. It’s a risk, but it’s the type of risk you take in small markets.

This summer could have been dark for Memphis, but instead, the team retained its core, hired a respected former assistant coach as its new leader, and added a player with high-risk, high-reward potential at a necessary position. When you’re the Grizzlies, that’s a successful summer.

Loser: Denver Nuggets

The Nuggets are kind of like the Celtics in the sense that they have almost too many players, especially young guys, and there just aren’t enough minutes for all of them to get floor time. Denver had a bevy of draft picks this summer as well, so the team seemed primed to make a big move and add a veteran talent to help the organization take the next step.

Instead, the Nuggets kept all their picks, didn’t make any trades, and made only one move: re-signing Darrell Arthur. The most they had to show for their summer was a failed pursuit of Dwyane Wade and his hearty, public thanks on Twitter afterward.