Atlanta Hawks receive: Keldon Johnson, Zach Collins, No. 4 pick, 2025 first-round pick (their own) and 2026 first-round pick swap rights (their own)
San Antonio Spurs receive: Trae Young
As things stand, the Spurs hold two top-10 picks (Nos. 4 and 8), so if they want to follow the slow-and-steady model for building around Victor Wembanyama, they can do it.
Given how much he showed as a freshman phenom, though, it might already be time to accelerate—especially with the young centerpiece being reportedly "intrigued by the idea" of playing with Trae Young, per ESPN's Tim MacMahon.
The Hawks, meanwhile, might read their lottery fortune as the sign it's time to pivot toward something new. After nabbing Sarr at No. 1, they could add another lengthy Frenchman in Zaccharie Risacher, who projects as at least an athletic three-and-D and has shown enough flashes of ball-handling and passing to suggest he could become so much more.
Between Sarr, Risacher, Jalen Johnson and Onyeka Okongwu, the Hawks could be loaded up front sooner than later, and that's before factoring in Keldon Johnson (and, if they see a role for him, Zach Collins).
Atlanta would also regain control of its next two drafts, meaning that if it encounters any growing pains going forward, it would at least reap the rewards of them.