The Clippers have traded Caron Butler and Eric Bledsoe to the Suns, and J.J. Redick and Jared Dudley have been dealt to the Clippers. Redick is expected to sign a four-year, $27 million deal, according to sources.
The Bucks will receive two second-round picks in the trade -- one from the Clippers and one from the Suns -- according to sources.
In Redick, the Clippers get a much-needed shooting guard to play alongside Chris Paul, who has decided to re-sign with a team that has visions of contending for the Western Conference title.
The Bucks acquired Redick from Orlando just before the February trade deadline, but decided not to re-sign him. Between the two teams, Redick averaged a career-best 14.1 points per game. He scored a career-high 31 points and made a career-best eight 3-pointers for Orlando against Detroit on Jan. 27. The former Duke star averaged 12.1 points with the Bucks.
Bledsoe is the important piece for the Suns in the first trade engineered by new general manager Ryan McDonough. Paul's highly regarded backup played three seasons for Los Angeles after being drafted 18th overall out of Kentucky in the 2010 draft. Bledsoe averaged 8.5 points and 3.1 assists in 76 games for the Clippers last season.
What McDonough plans to do to relieve that logjam remains an open question because team officials are prohibited from talking about any moves until July 10, but a source said the Suns plan to play Bledsoe alongside Dragic. Bledsoe is eligible to sign a contract extension between now and Halloween.
Dudley, a highly popular player with Phoenix who played small forward and shooting guard for the Suns, tweeted his approval of the trade.
I can't lie, I'm excited to play close to home!!! If I had to go to any team It would be the clippers!! Time to get work!!!— Jared Dudley (@JaredDudley619) July 2, 2013
He also thanked the fans and the coaches, current and former team officials and Suns owner Robert Sarver.
Dudley, in his fifth NBA season and third with the Suns, averaged a career-high 10.9 points in 2012-13, his first as a starter, but he was part of a team that posted the second-worst record in Suns history.
With the drafting of 7-foot-1 Alex Len as the fifth pick overall and the acquisition of Bledsoe and Butler, McDonough -- formerly the assistant GM in Boston -- is making his first steps to shake up that unimpressive roster.
The deal has the Suns taking on the contract of Butler, a two-time NBA all-star who has played 11 seasons in the league with five teams. His biggest success came in his time with the Washington Wizards. Butler averaged 10.4 points last season, the second of a three-year, $24 million contract he signed with the Clippers.
Information from ESPNLosAngeles.com's Ramona Shelburne, ESPN.com's Marc Stein and The Associated Press was used in this report.