Klay Thompson Sign-And-Trade Completed As Six-Team Deal

The Mavericks announced on Saturday that they’ve acquired longtime Warriors sharpshooter Klay Thompson via sign-and-trade in the first six-team deal in NBA history (Twitter link).

“We’re thrilled to have Klay join us in Dallas,” Mavericks president of basketball operations Nico Harrison said in a statement. “As one of the league’s greatest shooters who competes on both ends, we feel Klay is a perfect fit for our team. He adds a strong, experienced veteran voice that will help us continue to build on the success we’ve seen in recent years. Klay’s championship experience, clutch performances and calm demeanor under pressure exemplify what it takes to win in the NBA at the highest level. He will help us continue to grow towards our goal of winning another championship.”

The Hornets, Timberwolves, Sixers, and Nuggets are also involved in the trade, with separate agreements involving Kyle Anderson (Minnesota to Golden State), Buddy Hield (Philadelphia to Golden State), and Reggie Jackson (Denver to Charlotte)  all folded into a single mega-deal.

As best we can tell, the terms are as follows:

• Mavericks acquire Thompson (sign-and-trade) and a 2025 second-round pick.
• Warriors acquire Anderson (sign-and-trade) and Hield (sign-and-trade).
• Hornets acquire Josh Green, Jackson, the Nuggets’ 2029 second-round pick, and the Nuggets’ 2030 second-round pick.
  
• Timberwolves acquire a 2025 second-round pick, a 2031 second-round pick swap (from Warriors), and cash (from Warriors).
  
• Sixers acquire the Mavericks’ 2031 second-round pick.
• Nuggets acquire cash (from Hornets).

There’s at least one minor adjustment from the original agreements. Because the Warriors benefit most from turning multiple deals into a single trade (they can use Thompson’s outgoing salary to salary-match for both Anderson and Hield, allowing them to give the two players a higher combined salary than what Thompson’s will make), they’re no longer receiving a second-round pick from the Hornets. It appears that pick is being rerouted to the Wolves, who needed to send or receive an asset from another team besides Golden State.

We don’t yet know the exact details of the 2025 second-rounders being acquired by Dallas and Minnesota, but it looks like one of them is the 2025 Nuggets pick that Charlotte initially agreed to acquire as part of the Jackson trade and one of them is the 2025 Sixers pick that Charlotte already controlled. The Hornets were always going to send out two second-round picks for Green — they’re just going to Dallas and Minnesota now, instead of Dallas and Golden State.

There may be more moving pieces here though, since none of the announcements from the six teams involved have shared the full details, so we’ll keep an eye out for updates.

For more details on all these trades, be sure to check out our original stories:

• Mavericks to acquire Klay Thompson (story)
• Warriors to acquire Kyle Anderson (story)
• Warriors to acquire Buddy Hield (story)
• Hornets to acquire Reggie Jackson (story)