Another trade period has been completed, with every club — to varying extents — playing a part in the madness.

Several big names found new homes, some were kept at their current ones and, to top it all off, a suite of draft picks swapped hands over the course of the period.

We grade every team’s performance during the 2025 AFL trade period in our Report Card, with analysis from Fox Footy’s Trading Day and the foxfooty.com.au team.

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ADELAIDE CROWS

Who left: Nil.

Who arrived: Finnbar Maley (trade, North Melbourne)

Draft picks owned: 16, 48, 55, 64, 73, 75, 93, 111

David King says: “They needed Clayton Oliver more than any other club, for me, if they are to be a genuine contender. In the second half of the season, they were 16th for clearance differential in the AFL. When Rankine wasn’t there, they looked pedestrian. They needed another option for that midfield and they didn’t take the risk when others around them have — that’s the bottom line. GWS’ gain is Adelaide’s loss … I can’t really believe they haven’t bolstered that midfield.”

Leigh Montagna says: “I would’ve thought Jack Steele would’ve been a good fit, that big defensive mid who could tackle and allow Dawson and Rankine to do their thing. They were pretty strict in what they wanted to do and they haven’t been able to land much at all.”

Foxfooty.com.au’s trade grade: D

Ashcroft to stay a Lion until 2030! | 01:04

BRISBANE LIONS

Who left: Brandon Starcevich (trade, West Coast Eagles)

Who arrived: Sam Draper (free agent, Essendon), Oscar Allen (free agency, West Coast)

Draft picks owned: 17, 23, 44, 51, 59, 68, 79, 97, 115

Jon Ralph says: “They don’t always get them right, the free agency acquisitions — they brought in Tom Doedee, who’s played one game in a couple of years — so that’s the only caveat there with Oscar Allen and Draper coming in. Essendon never offered a great deal fro Draper because they believe the history of ruckman off an Achilles tear is they never really get their jump back … That’s the only little asterisk.”

Leigh Montagna says: “They’re in Seat 1A going into 2026. They want for nothing. They’ve brought in Draper and Oscar Allen and they’ll bring in a top-five draft pick, potentially, with the academy pick (Daniel Annable) — and they’re in the box seat. It’s only going to be motivation or injuries that will really slow them down next year. They didn’t really need to do much … They do lose Starcevich, who will be a big out with his ability to shut down the best small-medium forwards in the competition, will be missed. But they’ve got enough depth there to be able to cover that.”

David King says: “They are the envy of the competition. You look at the guys who’ve played 50 to 80 games — that’s where the real growth comes from — now they’re establishing themselves, there’s confidence in their body and what they can do gameday … they’ve got an unbelievable window in front of them. It’s exciting if you’re a Brisbane fan.”

Foxfooty.com.au’s trade grade: B+

“It’s a big reset!” Curnow leaves Blues | 02:26

CARLTON

Who left: Corey Durdin (trade, Port Adelaide), Charlie Curnow (trade, Sydney)

Who arrived: Liam Reidy (trade, Fremantle), Campbell Chesser (trade, West Coast), Ben Ainsworth (trade, Gold Coast), Ollie Florent (trade, Sydney), Will Hayward (trade, Sydney)

Draft picks owned: 9, 11, 43, 54, 67, 72, 87, 105

Jon Ralph says: “It does give Carlton an amazing arsenal, not only to secure Harry Dean and Jack Ison, but also Cody Walker next year. We know it’s a year where there will be bidding changes, so you might almost need two first-rounders to secure him as a top-two pick. If you’re Carlton, you have the now in terms of the players they’ve brought in, but they also have the future in the shining light upon the hill that is Cody Walker and Harry Dean, who should play 20 games next year. It’s not Curnow, but it is a pretty damn fine deal.”

David King says: “It’s a big reset now. Carlton fans, you’re starting again, really. Not absolute ground zero, but that to me just signals that they’ve got five top-30 picks in the last five years, there’s trauma coming, they’re trying to get ahead of it now with trading Charlie Curnow and I think this has got Graham Wright’s fingerprints all over it … I think it puts a real challenge now to Michael Voss to make this work. You’re losing a gun to get some bits and pieces … they’re not going to solve the problems of tomorrow.”

Leigh Montagna says: “Their team will look completely different next season … They’ve got some skill and more talent. For me, they’re probably still depth players. I don’t know if it’s really going to change the fortunes of the Blues too much, but it certainly adds depth and running and kicking.”

Foxfooty.com.au’s trade grade: B+

COLLINGWOOD

Who left: Brody Mihocek (trade, Melbourne)

Who arrived: Jack Buller (trade, Sydney)

Draft picks owned: 39, 45, 56, 61, 77, 95, 113

David King says: “They were very quiet. It’s hard to be critical of Collingwood, they’ve been so good for the last few years. They’ve got the gun in the middle Nick Daicos, (but) they probably need to find him more support at some point. I know they’ve been trying to get (Beau) McCreery come through and maybe be that player. At some point, it will tip over when you look at the age of their list. But is that 2026? I’m not convinced, I’m not sure of that … I just feel like they’re the one club that’s probably the most desperate for a Zak Butters at the end of next year. I think that’s where they’ll channel their energy.”

Jon Ralph says: “Which is why they didn’t give up (first-round) picks for Jy Simpkin in the end … I think the only thing you would say about them, is that it’s confusing to think they were trying to have a crack at moving on Jordan De Goey, and have a crack at Jy Simpkin — there’s only a two-year age gap. The Collingwood view is, if de Goey was going to get a big, fat contract he never really secured, this was the time where both club and player were really open and mature about it. But, for them to shop him in any way, I think gives you some question marks over where they sure his body and his longevity and durability.”

Foxfooty.com.au’s trade grade: C-

Rosa on Merrett trade situation | 03:31

ESSENDON

Who left: Sam Draper (free agent, Brisbane)

Who arrived: Brayden Fiorini (trade, Gold Coast)

Draft picks owned: Picks 5, 6, 21, 27, 30, 83, 101

Leigh Montagna says: “There’s still an intrigue because we need to see them fit and healthy and what it can actually look like if Brad Scott has the full list to choose from. They just haven’t had that in recent years. There’s too many players on that list that get injured too often to give them a chance. They’re going to get two really good players early in the draft then they’ve got some academy prospects potentially after that that might work in their favour … But it’s going to be tough for them.”

Jon Ralph says: “This could’ve been footy’s greatest trainwreck. They could’ve lost four or five of their senior players, including their captain (Zach Merrett), including (Jordan) Ridley, including (Darcy) Parish, including (Kyle) Langford. They have lost their president, they could’ve had a coup over the next couple of months. Instead right now — yes there’ll be some challenges, but they’ve got 12 months to reset. They’ve got an elite fitness and strength and conditioning program in. I think so much of the next six months is: “What have you got for us Brad Scott? What have you got for us to make other players into the Archie Roberts’ of the 2026 season? Where is (Archie) Perkins at? Where’s Tsatas at? Where’s Ben McKay at? … There are so many players there who come into this team and look like they have some talent and they either stagnate or regress.”

Foxfooty.com.au’s trade grade: D+

FREMANTLE

Who left: Liam Reidy (trade, Carlton), Will Brodie (trade, Port Adelaide)

Who arrived: Judd McVee (trade, Melbourne)

Draft picks owned: 20, 47, 69, 90, 103, 108

David King says: “I think McVee’s a good acquisition. I think he’s a constant threat, I don’t think we’ve seen the best of this player. He can play a variety of roles. I’m not sure he’s an elite ball user, but maybe doesn’t have to be at Fremantle with the way they operate and the way they move the ball. But I like the fact they’re pretty settled.”

Leigh Montagna says: “They’ve had a couple of big trade periods in recent years with Luke Jackson and Shai Bolton, so to be able to target a specific need — and that’s another half-back to support Jordan Clark — I think they’ve done pretty well … they can be contending (for the premiership), absolutely.”

Jon Ralph says: “A full year from Hayden Young and a better year from Jye Amiss is probably all they’ll get as well as of course McVee coming through.”

Foxfooty.com.au’s trade grade: B-

Buckley reveals why he joined Cats | 03:22

GEELONG CATS

Who left: Patrick Retschko (trade, Richmond)

Who arrived: James Worpel (free agent, Hawthorn)

Draft picks owned: 19, 40, 60, 78, 96, 99, 114

David King says: “We look at Geelong and think: ‘When will they tip over? How can they keep doing this?’ … Worpel is a sneaky good improvement for their list. It does allow, with his midfield time, (Patrick) Dangerfield to play more forward. They’ll just keep doing what they do. What a fantastic organisation they’ll be.”

Leigh Montagna says: “They’ll make it work in the ruck. Stanley and Blicavs, yes they’re getting on in age, but between the two of them they can probably share the load. Toby Conway got back late in the season, there’s still a lot of high hopes on him. I know he’s had injury troubles, but if he can have a full pre-season, between those three guys they could alternate, rotate — however Chris Scott does it. I don’t think not having Rowan Marshall keeps them from being in contention to win a premiership next year.”

Foxfooty.com.au’s trade grade: C-

GOLD COAST SUNS

Who left: Malcolm Rosas Jnr (trade, Sydney), Sam Flanders (trade, St Kilda), Ben Ainsworth (trade, Carlton), Connor Budarick (trade, Western Bulldogs), Brayden Fiorini (trade, Essendon)

Who arrived: Jamarra Ugle-Hagan (trade, Western Bulldogs), Christian Petracca (trade, Melbourne)

Draft picks owned: 15, 18, 24, 28, 29, 36, 52, 92, 110

Leigh Montagna says: “The beauty of them being able to trade out Picks 7 and 8 is they didn’t need those picks; they’ve got all the points to still land three, potentially four Academy picks in the top 20-25. And two of them will be in the top five; they are getting two of the best young kids in the country on top of Petracca and Ugle-Hagan. Obviously, Ugle-Hagan is the big one. The chasm between what his potential could be and what the ramifications could be if it doesn’t work out is significant — but you take a look at the upside and it’s a pretty scary proposition.”

David King says: “I think what Jamarra brings, they (the Suns) don’t have. I don’t think they’ve got a roaming centre-half-forward that hits the wings, who glides across the top of the grass and scoots, has a beautiful left leg on him. He’s a five-mark-a-game player, Jamarra, at his best. I know we’re talking about his best, we’re selling high — they (didn’t) have that (before trading for Ugle-Hagan). (Ben) King doesn’t do that, (Jed) Walter doesn’t do that, (Ethan) Read doesn’t do that. So, what this guy does is different. So, I love it, it’s worth the gamble — absolutely it is — you back your culture in … there’s no middle ground (in terms of off-field missteps), these are the rules. I don’t think there is any grace. Damien Hardwick is not (going to) play favourites here — these are the rules, you follow them and we both win. If you don’t, you’re out, we move on.”

Foxfooty.com.au’s trade grade: A

Petracca traded to Suns for three picks | 02:01

GWS GIANTS

Who left: Jacob Wehr (free agent, Port Adelaide)

Who arrived: Clayton Oliver (trade, Melbourne)

Draft picks owned: 12, 35, 91, 109

Leigh Montagna says: “My view is I don’t think he’s going to be the All-Australian midfielder anymore; he doesn’t have to be. He’s still a very solid inside contest and clearance winner. His numbers still stack up pretty well in the competition, so he’ll complement the other guys, how he works with Tom Green will be interesting, and I still think they’re going to be around the mark again, the Giants.”

David King says: “First half of the year they were the third-worst clearance differential team in the competition — it sounds ridiculous when you look at some of the names in there — but I think what it (the arrival of Oliver) does do is it allows it not to be Callaghan and Green at all times. You can get some respite. We’ve seen the luxury of that with (Patrick) Dangerfield being able to play more forward (at Geelong) with Bailey Smith and moving the magnets. So, I think you’ll get a healthier version of those guys come later in the year.”

Foxfooty.com.au’s trade grade: B+

HAWTHORN

Who left: James Worpel (free agent, Geelong), Changkuoth Jiath (trade, Melbourne), Jai Serong (trade, Sydney)

Who arrived: Nil

Draft picks owned: 10, 22, 62, 76, 94, 112

David King says: “He’s entitled to be furious, Zach Merrett. No doubt Hawthorn would have said: ‘We’ll get this deal done. We’ve got enough picks, we’ve got enough talent on our list that we’ll be able to satisfy the Bombers’ — and they haven’t done that. I think it puts a real dent in their premiership aspirations for next year … Merrett into that line-up (would’ve) changed the whole mix and dynamic of what they do ball in hand. I think it’s a real blow for the Hawks tonight – I really do. When you look at every team in that top bracket of six to eight, they’re looking for that one player, that one extra asset that tips them over the edge into premiership contention — and I think the Hawks have left one on the table tonight.”

Leigh Montagna says: “Everyone else around them — when you talk about the contenders — improved their list going into next season, except for Hawthorn. In fact they’ve lost a bit of depth. It’s what happens when you try and go for the big fish. They went for Harley Reid, they had a crack at Oscar Allen, they’ve gone for Zach Merrett … but if it doesn’t come off, it’s left them (without one). Now maybe they’re going to put all their eggs in the Zak Butters basket for next year.”

Jon Ralph says: “I think Zach Merrett will continue to be the same Zach Merrett he’s been. He’ll be their best player and he still should lead by example. No doubt he’s going to feel somewhat sheepish walking back into the club for the first week … but football clubs are pretty forgiving places. They’ll shake hands, get to work and worry about the business that needs to be done on winning games of football.”

Foxfooty.com.au’s trade grade: D

Merrett fails in bid to join Hawks | 01:56

MELBOURNE

Who left: Charlie Spargo (free agent, North Melbourne), Judd McVee (trade, Fremantle), Clayton Oliver (trade, GWS Giants), Christian Petracca (trade, Gold Coast)

Who arrived: Max Heath (trade, St Kilda), Brody Mihocek (trade, Collingwood), Changkuoth Jiath (trade, Hawthorn)

Draft picks owned: 7, 8, 37, 66, 71, 84, 102

Leigh Montagna says: “It’s strong. I like what Melbourne have done. Steven King has come in and he’s stamped his mark on this football club and said: ‘Right, this is what we’re going to do. I no longer want Clayton Oliver at the club, I want to move on from Christian Petracca, I want a fresh slate, we’ve still got strong leaders with Gawn and Viney and Jake Lever leading the way.’ They get to bring in some depth players, Mihocek is going to help significantly with van Rooyen down there with Melksham and Fritsch. And they’re going to get more draft picks again with top-end talent for the third consecutive year that can continue to build around the five to seven kids they already have.”

David King says: “Really smart from Steven King. He’s bringing in players that are going to give him that bridging period until these youngsters absolutely take hold of this football club — guys like Windsor and Tholstrup and Lindsay and Langford, plus those high picks. It’s going to be a dip over the next couple of years, but it’s a calculated dip. It’s a guy coming in with real presence, ‘this is my football club now, this is where we’re going, put culture first’. Yeah it’s cost them some money, no doubt it has … and I’m not sure about the Steele acquisition, but you’ve got the opposite of Clayton Oliver. That’s basically what they’ve found. Really strong from Melbourne.”

Foxfooty.com.au’s trade grade: B-

NORTH MELBOURNE

Who left: Finnbar Maley (trade, Adelaide)

Who arrived: Charlie Spargo (free agent, Melbourne)

Draft picks owned: 25, 26, 46, 57, 82, 100

Leigh Montagna says: “Very quiet. It’s for me about their culture and ability to learn to win and learn to play better football as a group for longer. We know they have talent, that’s indisputable, they just have to put it together. They have to be able to start to build a fabric of a club that are going win games consistently.“

Jon Ralph says: “Jy Simpkin had 33 touches and 730 metres gained in that last game against Adelaide as a wingman. That’s the reason they kept him. Yes, because he’s the captain – not next year – but he has been the captain. And they feel like he can play that role. Zane Duursma wanted to get to Essendon but it was never going to happen as a top four pick. My understanding is he’s hired a personal trainer. He understands instead of getting out there with Harley Reid and having some nice nights out over summer, get yourself absolutely rock hard fit. If you’re that mid-forward, you need to be more athletic than the player who’s playing on you, you need to be a supreme athlete. Hopefully the penny has dropped for him across the summer … they missed on Marcus Windhager and Connor Budarick – they’re not superstar players, of course the A-graders don’t want to come to them. At some stage they need to top off this list.”

David King says: “I know it’s difficult to attract talent to clubs struggling. One of the pledges Alastair Clarkson made when he was appointed as senior coach was they would be in the hunt for free agents and try and find some stars. If you look at the last few years, the names that have come in have been underwhelming and haven’t had a massive impact. At some point that needs to change if you are to make a move up the ladder. It’s not going to necessarily just going to be because of those guys. They’ve had 14 top 30 picks over the last five years, so there’s enough talent there. But they need the support crew.”

Foxfooty.com.au’s trade grade: D+

“An exciting player!” CJ set for Demons | 01:27

PORT ADELAIDE

Who left: Nil

Who arrived: Jacob Wehr (free agent, GWS Giants), Corey Durdin (trade, Carlton), Will Brodie (trade, Fremantle)

Draft picks owned: 49, 85

David King says: “I just think this is about to fall off a cliff, this list. Three top-30 picks in the last five years have come in. They’ve done a lot of trading and got a whole handful of nothing if you ask me. We all talk about Rozee, Butters and Horne-Francis — outside of that, Georgiades obviously, what else is there? I think they’re in for a lot of pain to come and they’re about to plummet, if you ask me.”

Leigh Montagna says: “They don’t want a rebuild, they’ve said that, but what are they doing with their list? That’s going to be the big question this season.”

Foxfooty.com.au’s trade grade: C-

RICHMOND

Who left: Tylar Young (trade, West Coast Eagles)

Who arrived: Patrick Retschko (trade, Geelong)

Draft picks owned: 3, 4, 38, 81

David King says: “They’ve been unreal over the last four years, they’ve got 12 top 30 picks that have come into the place. It’s like watching the Paris fashion week when they unveil their top-line draftees! We’ve seen quite a few of those guys. I just think that they’ve make a conscious decision as a football club, and they’re sticking to it. I like this, I think this is a strong football club that knows what winning premierships is all about … I’m a fan.”

Jon Ralph says: “Retschko is a rookie who was delisted by Geelong on October 2. He then was, I assume, re-listed. Richmond wanted him, they’ve traded pick 99 for him. A hard-running utility (but) we know stuff-all about him … but we wish Patrick Retschko well in his new career at the Tigers!”

Foxfooty.com.au’s trade grade: C

ST KILDA

Who left: Max Heath (trade, Melbourne), Jack Steele (trade, Melbourne)

Who arrived: Tom De Koning (free agent, Carlton), Jack Silvagni (free agent, Carlton), Sam Flanders (trade, Gold Coast), Liam Ryan (trade, West Coast)

Draft picks owned: 50, 65, 86, 104

Jon Ralph says: “No one is ever accepting a handshake deal from Graeme Allan ever again after the Leek Aleer deal. It’s cost Leek Aleer $2 million … I totally understand St Kilda can do whatever they want to do and be as ruthless and hard-arse as they want. But the AFL players out there would say: ‘You want us to reduce long-term contracts and trade us against our will and not have destiny for our own situations?’ That’s the thing … I think if they wanted to get him they would’ve and maybe they just fell out of love with him. It was fairly callous, but it’s a ruthless industry.”

David King says: “They’re happy to be the villains. They’re a strong footy club, they’re ruthless in a lot of ways, their coach embodies that. I think it’s gone unnoticed, the injury toll, in 2025 and where they sat on the ladder in terms of games lost to injury … They only need a little bit of luck, with the additions they’ve got during this trade period, to really spike up the ladder. What threshold that is is up for conjecture, but I think they’ll make a move next year.”

Leigh Montagna says: “They’ve executed their plan perfectly this trade period — and they’ve got exactly what they wanted out of it.”

Foxfooty.com.au’s trade grade: A

Swans in flag window with Curnow | 01:55

SYDNEY SWANS

Who left: Ollie Florent (trade, Carlton), Jack Buller (trade, Collingwood), Will Hayward (trade, Carlton)

Who arrived: Malcolm Rosas Jnr (trade, Gold Coast), Jai Serong (trade, Hawthorn), Charlie Curnow (trade, Carlton)

Draft picks owned: Picks 31, 32, 42, 63, 88, 106

David King says: “I think they’ve got more problems behind the ball than in front of it, but it’s a wildcard talent (Curnow). He’s going to kick more goals than what’s there at the moment … He doesn’t miss much footy. He’s going to be a wildcard that could kick 50-plus goals and put them on the map … It’s going to take the pressure off Heeney.

Jon Ralph says: “What about the theatre: Lockett, Hall, Buddy, Tippett and now Curnow … Charlie is not going to kick 460 goals, but even if he kicks 250 across the next five seasons, maybe they hoist the flag that Buddy Franklin was never able to achieve in his second incarnation at Sydney.”

Leigh Montagna says: “The flow-on effect, Amartey becomes the second tall which suits him better, McLean becomes the second ruck-tall option. With the four talls, I now wonder whether they try Logan McDonald at centre half-back, because they do need someone else behind the ball to support McCartin and Blakey. Logan McDonald hasn’t quite worked as a forward … if he can become another failed forward that goes behind the ball and do a really good job, that could be the difference for the Sydney Swans to compete for the flag.”

Foxfooty.com.au’s trade grade: A-

WEST COAST EAGLES

Who left: Oscar Allen (free agency, Brisbane), Liam Ryan (trade, St Kilda), Campbell Chesser (trade, Carlton)

Who arrived: Brandon Starcevich (trade, Brisbane Lions), Tylar Young (trade, Richmond)

Draft picks owned: 1, 2, 13, 34, 41, 53, 58, 80, 80, 98

Leigh Montagna says: “They had a mantra they wanted to try and get some more senior bodies in there, just to help bridge the gap. They’re still a long way off, we understand that. So to get Starcevich really helps and Tylar Young — and now they’re going to get the two best kids in the country as well to continue to build on what they’ve got. Harley Reid has committed long-term, so it’s going to be a slow burn but at least the wheels are slowly starting to turn.”

Foxfooty.com.au’s trade grade: B

“Staggered!” Dogs fail to sign defender | 01:28

WESTERN BULLDOGS

Who left: Jamarra Ugle-Hagan (trade, Gold Coast)

Who arrived: Connor Budarick (trade, Gold Coast)

Draft picks owned: 14, 33, 70, 74, 89, 107

David King says: “I said about six weeks ago that Sam Power’s biggest challenge was to give this coach a key defender that he could put that magnet on the board, and with some sort of confidence, drive to the game knowing that things will be okay. They haven’t done that, and they’ll be in the same position at the end of 2026. And the same position every year after … I’m staggered by this. I can’t believe that the Dogs have had to manufacture Rory Lobb, who was great (in his) first year down back, but not so much this season just passed. I think it’s a big fail for the Dogs … We’ve seen Buku Khamis down there. They’ve lost confidence in Buku, they’ve lost confidence in (Jedd) Busslinger, Jones is no longer there. We’ve talked about this every week; they refused to move an (Aaron) Naughton down back. Do you have to change the way you want to play? That’s changing the coach’s philosophy, because you can’t get a deal done to acquire some key talent.”

Leigh Montagna says: “Maybe, now that they don’t have the personnel change, they’re going to have to change the way they play to be able to stiffen up defensively. Otherwise, they’re not going to continue to compete against the top eight teams … (but) I trust Luke Beveridge. I think he’ll understand what was missing from them last year, and maybe it’s going to be a game-style change instead of the personnel — because they weren’t able to get it done.”

Foxfooty.com.au’s trade grade: D