JULY 10TH: The Bucks have officially announced that the three-way deal has been finalized (Twitter link). Milwaukee will receive Toronto's 2014 second-round pick (via the Suns), and the Clippers' 2015 second-rounder, which is protected in '15 and '16, but unprotected in '17 (Twitter link). That Raptors pick also has some unusual protection, the details of which can be found at RealGM.com.
JULY 2ND: The Clippers, Bucks, and Suns have reached agreement on a three-team deal, according to Adrian Wojnarowski of Yahoo Sports (Twitter links). Eric Bledsoe and Caron Butler will go to the Suns, Jared Dudley and J.J. Redick (sign-and-trade) will head to the Clippers and two second-round picks will be sent to the Bucks, according to sources. The Clippers and Suns will each kick in a second-rounder, tweets Gery Woelfel of the Racine Journal Times.
The Clippers were in the market for a shooter this summer and they get a tremendous one in the former Bucks guard. Redick averaged 14.1 PPG last season for the Bucks and Magic, though his downtown shooting dipped to 36.6% versus his 40% clip from the previous six seasons. It's also worth noting that Redick attempted 5.8 threes per game, versus 3.1 prior to 2012/13.
Bledsoe is a major acquisition for the recently-crowned GM Ryan McDonough. The 23-year-old guard will team up with No. 5 overall pick Alex Len for the Suns who are hoping to recover from a rough 2012/13 campaign. The Clippers were extremely high on Bledsoe and his potential, but even ardent supporter Chris Paul acknowledged earlier this year that he would likely be traded to fill a greater need. Bledsoe was stellar last season, averaging 8.5 PPG and 3.1 APG in 20.4 minutes per contest, serving primarily as Paul's understudy. Bledsoe's addition figured to change things for point guard Goran Dragic and may also effect last year's first-round pick Kendall Marshall.
The Suns also get Butler in the swap and they'll pay him $8MM in his upcoming walk year. The veteran averaged 10.4 PPG last season, his lowest mark since his sophomore campaign in 2003/04. He started all 78 games that he played in for the Clippers last season but played just 24.1 minutes per contest. One has to imagine that he'll see a good amount of burn for the rebuilding Suns.
Dudley started 50 games (79 played in total) for the struggling Suns last season, averaging 10.9 PPG and 3.1 RPG. The 6'7" forward has a reasonable contract as he earns $4.25MM in each of the next two seasons and can make the same amount in 2015/16 if he triggers his player option. While he's not the centerpiece of the deal for L.A., he can certainly be a valuable addition to their bench.
As for the Bucks, this deal is something of a head-scratcher. Milwaukee parted ways with Tobias Harris in a six-player deal to acquire Redick back in February and five months later, they have just two second-round picks to show for it.