5:16pm: The Wizards will receive about $3.5MM in cash from the Suns as part of the deal, tweets John Gambadoro of Arizona Sports 98.7.
The blockbuster deal is not yet official, but the two sides have formally agreed on the terms. They are as follows, according to Wojnarowski:
- Suns to acquire Beal, Jordan Goodwin, and Isaiah Todd.
- Wizards to acquire Chris Paul; Landry Shamet; the Suns’ second-round picks in 2024, 2025, 2026, 2027, 2028, and 2030; first-round pick swaps in 2024, 2026, 2028, and 2030; and cash.
- Note: Paul will be flipped to Golden State in a separate trade.
It was previously reported that Goodwin and Todd would go to Phoenix as part of the package, and we knew that the Wizards were receiving “multiple” second-round picks and first-round swaps. However, it’s news that Phoenix is sending every second-rounder and first-round swap it possibly can to Washington.
NBA teams can only trade picks for up to seven drafts in the future, so this deal will have to wait until after Thursday’s draft is officially completed, since it includes assets from 2030.
The Suns previously traded away their 2029 second-round selection, so they’ll send the Wizards their six remaining tradable second-rounders.
Phoenix also previously dealt its 2025, 2027, and 2029 first-round picks to Brooklyn and gave the Nets the right to swap first-round picks with the Suns in 2028. The Suns will be able to offer Washington the ability to swap first-rounders with Phoenix in 2024, 2026, and 2030 and the ability to swap the Wizards’ own first-rounder with the least favorable of the Suns’ and Nets’ picks in 2028.
There’s also a scenario in which the Wizards would be able to swap their own first-rounder for the Sixers’ pick in 2028 if the Suns end up with that one instead of their own or Brooklyn’s, but that would require a specific set of outcomes and is probably a long shot.
A previous report stated that the Wizards and Suns are hoping to complete their trade call with the NBA on Friday. For cap-related reasons, the Beal trade will have to be completed in June, while the subsequent Paul trade with the Warriors will be finalized in July, tweets cap expert Albert Nahmad.