Clippers land J.J. Redick, Jared Dudley in three-team trade; Suns get Eric Bledsoe

The Los Angeles Clippers, Phoenix Suns and Milwaukee Bucks have reached agreement on a three-team trade that will send J.J. Redick and Jared Dudley to L.A., league sources told Yahoo! Sports.

The Suns will receive Clippers point guard Eric Bledsoe and forward Caron Butler while the Bucks – who facilitated the deal with a sign-and-trade of Redick – get two second-round draft picks, sources said.

Redick received a four-year, $27 million contract that includes a trade kicker, sources said.

Under new general manager Ryan McDonough, the Suns are moving swiftly in reshaping their roster, acquiring a center in Alex Len, the fifth overall pick in the NBA draft, and a talented, young point guard in Bledsoe.

Phoenix can't negotiate a contract extension with Bledsoe until after the deal is finalized on July 10.

New Clippers executive VP and coach Doc Rivers had dinner with Redick on Tuesday night and further solidified Redick's belief that joining the Clippers and competing for a championship was his desire, sources said.

The Bucks traded for Redick at the February deadline and ultimately decided against re-signing him for the nearly $8 million per season the Clippers did.

The Bucks get a trade exception back in the deal, but it has to be renounced because they're under the salary cap.

The Clippers and Suns will each send one future second round pick to the Bucks.

The deal was conceived and completed within 24 hours, beginning Monday and finishing early Tuesday afternoon. Once Chris Paul notified the Clippers officially that he would sign a five-year extension, Rivers was willing to part with Bledsoe in a deal, sources said.

As an assistant GM with the Boston Celtics, McDonough – who was hired as Suns GM in April – had been part of trying to acquire Bledsoe in a package for Kevin Garnett. McDonough was the catalyst on Monday and Tuesday to try to complete the deal, officials in the talks said.

Phoenix has two point guards, Goran Dragic and Kendall Marshall, who will become expendable with the arrival of Bledsoe.

Related coverage on Yahoo! Sports:
Pacers' David West agrees to three-year extension
Pacers bolster bench with acquisition of C.J. Watson
Chris Paul and Clippers agree to five-year, $107 million contract