6:35pm: The Sixers and Kings have issued press releases announcing the trade is official. Philly gets Stauskas, Landry, Thompson, Sacramento’s 2018 first-round pick and the right to swap first-rounders in 2016 and 2017. Sacramento gets the rights to Gudaitis and Mitrovic.
“Jason, Carl and Nik are all tremendous professionals and we’re grateful for their contributions,” Kings president of basketball and franchise operations Vlade Divac said in Sacramento’s statement. “Jason leaves an indelible mark in Sacramento as the team’s alltime leader in games played, but he was also a champion in the community. Carl and Nik were well regarded as teammates and respected stewards of the organization during their time as Kings. We wish them all great success in the future.”
JULY 10TH, 11:48am: Neither team has made an official announcement, though the RealGM transactions log and salary cap expert Larry Coon (Twitter links) indicate the trade has indeed taken place. Sacramento creates trade exceptions equivalent to the salaries of Stauskas, Landry and Thompson, but those are poised to disappear once the team formalizes its free agent signings.
JULY 3RD, 11:35am: Executives around the league are talking about the notion that the Kings might back out of the deal now that they’ve missed on Ellis and Matthews, though none of those execs truly expect Sacramento to pull out, reports Jake Fischer of SI Now (Twitter link).
JULY 2ND, 8:54am: A future second-round pick is also going to Sacramento, Wojnarowski writes in his full story. The Sixers receive Sacramento’s 2018 first-round pick and the right to swap first-rounders with the Kings in 2016 and 2017, a league source tells USA Today’s Derek Bodner (Twitter link). The overseas assets that the Kings receive are the rights to Arturas Gudaitis and Luka Mitrovic, the 47th and 60th picks, respectively, in last week’s draft, ESPN’s Pablo Torre tweets. Gudaitis just signed a two-year deal with an option for a third year with Lietuvos Rytas of Lithuania, the team announced (translation via Orazio Cauchi of Sportando). The Sixers are interested in keeping Landry, Thompson and Stauskas rather than waiving any of them, a source said to Bob Cooney of the Philadelphia Daily News (on Twitter).
10:56pm: The Sixers will receive a protected first round pick from the Kings, and swap rights with Sacramento in the first round of two other drafts, Zach Lowe of Grantland tweets.
JULY 1ST, 10:17pm: The Sixers and Kings have agreed to a deal that would send Jason Thompson, Carl Landry, and Nik Stauskas to Philadelphia, Adrian Wojnarowski of Yahoo! Sports reports (Twitter links). Philadelphia is expected to send Sacramento the rights to overseas players in return, notes Wojnarowski (on Twitter), though it is unclear which players will be involved.
The deal is a salary dump for Sacramento, tweets Wojnarowski, with the Kings clearing room for pursuing free agents. Thompson is set to earn $6,431,250 in 2015/16, Landry $6.5MM, and Stauskas $2,869,440. Sacramento is clearing the decks for a pursuit of point guard Rajon Rondo, swingman Wesley Matthews, and possibly Monta Ellis, the Yahoo! scribe adds (via Twitter).
Stauskas, 21, is the prize here for the Sixers, who were willing to absorb the contracts of Thompson and Landry to acquire him, Wojnarowski tweets. The young shooting guard failed to impress in Sacramento after being selected with the No. 8 overall pick back in the 2014 NBA Draft. In 73 appearances during his rookie campaign, Stauskas averaged 4.4 points, 1.2 rebounds, and 0.9 assists, with a slash line of .365/.322/.859. He should have every opportunity to develop on a young Sixers team badly in need of shooters.
Thompson still has two years remaining on his deal, though his salary of $6,825,000 for the 2016/17 campaign is partially guaranteed for just $2.65MM. In 81 contests last season, the 28-year-old averaged 6.1 points, 6.5 rebounds, and 1.0 assists in 24.6 minutes per game. Landry, 31, also has two years remaining on his contract, though both seasons are fully guaranteed. He logged 70 appearances last season for the Kings, posting 7.2 PPG, 3.8 RPG, and 0.4 APG in 15.0 minutes per night.