A person with knowledge of the situation says a three-team trade is in place that sends J.J. Redick from the Milwaukee Bucks to the Los Angeles Clippers and point guard Eric Bledsoe from the Clippers to the Phoenix Suns.

The deal also sends Jared Dudley from the Suns to the Clippers and Caron Butler from the Clippers to the Suns. The Bucks will get two second-round draft picks, according to the person who requested anonymity because the deal can't officially be made public until July 10 under NBA rules.

Yahoo! Sports, which first reported the trade, said Redick gets a four-year, $27 million sign-and-trade contract as part of the exchange.

A source said the Suns plan to play Bledsoe alongside 27-year-old point guard Goran Dragic.

Bledsoe is eligible to sign a contract extension between now and Oct. 31.

Timberwolves: Minnesota agreed to a four-year, $30 million deal with shooting guard Kevin Martin and a three-year, $16 million deal with Chase Budinger, according to two sources. Budinger's deal includes a player option for the final season.

Martin averaged 14.0 points and shot 42.6 percent on 3-pointers last season in a bench role for the Oklahoma City Thunder. He will become a starter in Minnesota.

A knee injury limited Budinger to 23 games for Minnesota last season, during which he averaged 9.4 points and shot 32 percent from 3-point range.


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Pacers: Power forward David West agreed to a three-year contract to stay with Indiana, according to a source. The deal is reportedly worth $36 million.

Spurs: San Antonio has reached an agreement in principle to re-sign power forward Tiago Splitter, according to ESPN.com. Yahoo! Sports reported that it's a four-year, $36 million deal. Splitter, a restricted free agent, didn't really test the open market.

Howard sweepstakes: Lakers general manager Mitch Kupchak, Kobe Bryant, Steve Nash and other representatives of the team met for about two hours with free agent center Dwight Howard to make their pitch for keeping him in Los Angeles.

Earlier in the day, the Dallas Mavericks' group featuring owner Mark Cuban, Dirk Nowitzki, coach Rick Carlisle and president and G.M. Donnie Nelson made a three-hour pitch to Howard.

The Houston Rockets, Atlanta Hawks and Warriors met with Howard on Monday.

The Lakers can offer a maximum of $118 million over five seasons, and other teams can offer $88 million over four years.

Etc.: Tony Allen is re-signing with Memphis on a four-year contract worth $20 million, according to a source. Allen was the leading vote-getter for the All-Defensive team. ... Martell Webster agreed to a four-year deal to stay with Washington. Bringing back Webster was a top priority for the Wizards. ... Veteran center Nazr Mohammed said he's remaining with Chicago. ... Dallas is set to add Israeli point guard Gal Mekel, with his agent, Sam Porter, saying the 6-foot-3 Mekel has agreed to join the Mavericks on a three-year deal with $2.3 million guaranteed.