In a three-team deal, the Los Angeles Clippers have agreed to ship Eric Bledsoe and Caron Butler to the Phoenix Suns and will receive J.J. Redick in a sign-and-trade deal from the Milwaukee Bucks as well as Suns guard Jared Dudley, according to Yahoo! Sports' Adrian Wojnarowski. The Bucks will receive two second-round draft picks.
Redick, who is a free agent, will receive a four-year, $27 million contract in the transaction, Wojnarowski reports.
Dudley is under contract through 2014-15 and has an early termination option in the final year of his current deal. He will add valuable depth and perimeter shooting to the Clippers, assuming Redick becomes a starter.
The Suns in turn get another young point guard to begin the rebuilding process. Phoenix signed Goran Dragic to a multiyear deal last season and also drafted Kendall Marshall. This year, they drafted Archie Goodwin, who like Bledsoe is a Kentucky prospect who could play both guard positions.
Butler's contract is worth $8 million and expires after next season.