UPDATE: Wednesday, July 10, at 3:16 p.m. ET by Ian Hanford
Suns.com reporter Matt Petersen reports that the deal was made official on Wednesday:
A three-way trade with the Los Angeles Clippers and Milwaukee Bucks, ultimately bringing promising young guard Eric Bledsoe and veteran forward Caron Butler to the Suns, helped Phoenix take a big step in the right direction.
Phoenix traded popular swingman Jared Dudley to the Clippers, where he will join fellow new arrival and former Buck J.J. Redick. The Suns also shipped a second-round pick to Milwaukee as part of the deal.
He also added this quote from the Suns President of Basketball Operations Lon Babby:
“The addition of a very dynamic young player in Eric Bledsoe and an All-Star veteran in Caron Butler is very exciting for the Suns,” said Suns President of Basketball Operations Lon Babby. “At the same time, we thank Jared Dudley, a consummate professional in every respect. He takes our best wishes with him to the Clippers.”
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One of the more interesting aspects of this trade is that it came together extremely quickly, according to Wojnarowski:
Redick averaged 14.1 points, 3.8 assists and 2.2 rebounds per game while shooting 36.6 percent from beyond the arc in the 2012-13 season, splitting time between the Orlando Magic and Milwaukee.
As for Bledsoe, he was originally in the conversation as part of the proposed mega-deal between the Clippers and Boston Celtics, according to Marc Stein and Ramona Shelburne of ESPN.com, but that trade never came to fruition.
Los Angeles was still able to acquire head coach Doc Rivers from Boston, per Sam Amick of USA Today, and only had to give up an unprotected 2015 first-round draft pick.
After re-signing starting point guard Chris Paul to a massive five-year, $107 million contract extension, via Shelburne, it was clear that Bledsoe was expendable.
At just 23 years old, Bledsoe was the perfect trade chip for the Clippers. The young point guard is coming off a respectable season despite serving as a backup for the majority of the year. The former Kentucky Wildcat boasted averages of 8.5 points, 3.1 assists, 3.0 rebounds and 1.4 steals per game.
As impressive as his stats were as a role player, the fact that he has gotten better on both ends of the floor since entering the league is a great sign for Phoenix and its chances of playoff contention.
The Suns will have to be patient with Bledsoe as he continues his growth as a combo guard that will likely be asked to register a lot of playing time at the 2.
Nevertheless, Bledsoe will be expected to make an immediate impact; the Suns didn’t pull the trigger on this deal with the intention of using him sparingly. CP3's now former understudy will likely get closer to 30 minutes a contest, which should allow for all of his numbers to see an uptick.