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Is Deshaun Watson for Justin Herbert fair?

Deshaun Watson and Justin Herbert have been on opposite sides of 38 real dynasty trades.

Not simulations and not a calculator lining up two numbers. Every one of them is a completed trade from a public Sleeper league, graded at the player values that were current on the day it happened.

Most of those were larger deals with other pieces attached. 1 of them were straight up: Deshaun Watson for Justin Herbert, nothing else changing hands.

This is the part a calculator cannot tell you. In 12 of these deals exactly one side had to attach something extra, and 12 of those 12 times it was the Deshaun Watson side (0 the other way). The side that keeps having to add is the side holding the lesser asset, so the market has been treating Justin Herbert as the more valuable of the two.

38
Deals they were both in
1
Straight up, one for one
12 / 0
One side sweetened: Deshaun Watson / Justin Herbert

What they cost today

Everything above is priced on the day each deal happened, which is the only honest way to grade a completed trade. It is not what they cost now. Today Deshaun Watson prices at 37 and Justin Herbert at 3,160, so the market currently rates Justin Herbert about 85.4x the other. A pair can lean one way across its history and price the opposite way now; that gap is the whole reason to check the deal in front of you rather than the deal someone made in 2023.

Values as of 2026-07-24.

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The deals themselves

DateMarginWent with Deshaun WatsonWent with Justin Herbert
2026-03-18+20%Terrance Ferguson, Matthew Golden, Shedeur Sanders, 2 more, 3 1sts, 2 2nds, 4 3rds, 1 later pickT.J. Hockenson, Josh Jacobs, Jerry Jeudy, 1 more
2025-08-09-29%Jayden Reed, Erick All, David Njoku, 3 moreKaleb Johnson, Colston Loveland, Luther Burden, 2 more
2024-11-19-39%Anthony Richardson
2024-10-08+18%Alvin Kamara, Kyler Murray, Garrett Wilson, 1 3rdXavier Worthy, James Conner, Sam Darnold, 1 more, 1 2nd
2024-09-19-28%Jameis Winston, Rico Dowdle, Nico Collins, 1 2nd, 1 3rd1 1st, 1 3rd
2024-07-26+14%Jahmyr Gibbs, 1 3rdJames Conner, 1 2nd
2024-04-11+7%Christian McCaffrey, Darnell Mooney1 2nd
2024-03-15-75%Jerry Jeudy, David Bell, 1 3rdGeorge Pickens
2024-02-17+2%DeMario Douglas, 2 1sts1 2nd
2023-11-25-14%Puka Nacua, 1 1st1 2nd

Read each row as: Deshaun Watson, plus anything in the third column, was traded for Justin Herbert plus anything in the fourth. An em dash means that side sent nobody else. Margin is the value gap at that day’s prices from the side that received Deshaun Watson; positive means that side came out ahead.

The whole-deal margin

Across all 38, the whole-deal value gap runs -13.2% from the side that received Deshaun Watson, so the side ending up with Justin Herbert has generally come out ahead on face value. That measures the entire trade, every piece included, not these two players against each other.

Why this beats a calculator on this exact question

A calculator answers “is Deshaun Watson for Justin Herbert fair” by subtracting one number from another, and it gives every manager in your league the same answer. That tells you nothing about whether the trade closes. What closes it is whether one side has to attach a piece, and which side that usually is. The 38 deals above are the record of what leagues actually agreed to when these two were on the table together.

How trade fairness actually works →

Full trade histories

Every Deshaun Watson trade · Every Justin Herbert trade

Other matchups for these two

All players with real trade data →

Values from DynastyProcess and nflverse. Trades from public Sleeper leagues. When the data will not support a fair grade I leave it out and say so. Is this trade fair? · All players · Privacy · Terms