Steve Mitchell-USA TODAY Sports
UPDATED: Tuesday, July 2, at 6:50 p.m. ET by Zach Buckley
J.J. Redick will not be returning to the Milwaukee Bucks.
According to Adrian Wojnarowski of Yahoo Sports, Redick is headed to the Los Angeles Clippers as part of a three-team, four-player trade. The Bucks will receive Caron Butler and his expiring $8 million contract along with a future second-round pick from both the Clippers and the Phoenix Suns.
Jared Dudley will be joining Redick in L.A., while Eric Bledsoe is headed to Phoenix.
--End of update--
Restricted Free Agents
Even though they only have one restricted free agent, the Milwaukee Bucks will be more active than most teams during the 2013 offseason.
Brandon Jennings is the lone player who qualifies for this category, and he's one of the top restricted free agents on the market. The southpaw is emerging as one of the best point guards in the NBA, but the Bucks haven't given many indications that they'll be willing to do whatever it takes in order to retain his services.
Unrestricted Free Agents
Jennings isn't the only member of the Milwaukee backcourt who's hitting the market.
J.J. Redick joins him, as does Monta Ellis after opting out of $11 million. Redick didn't have a choice, but Ellis is seeking long-term financial security, even if it comes at the expense of a few million dollars during the 2012-13 season.
Something tells me people are now jealous of a player who can just choose to spurn a few million dollars like it's nothing.
Don't think that's it for Milwaukee, though, even though it's the backcourt members who are drawing all the attention. Samuel Dalembert, Marquis Daniels and Joel Przybilla are all unrestricted free agents as well.
Mike Dunleavy has verbally committed to sign with the Chicago Bulls for a two-year, $6 million deal, according to ESPN's Marc Stein.
What's at Stake?
Milwaukee won't have much money available if general manager John Hammond decides to bring back the members of his backcourt. He could go that route, or he could pursue some of the other big names, like Josh Smith, for example.
Expect to hear about the Bucks quite often this offseason, as they have a lot of holes to fill and a good deal of money to do it with. Ellis and Jennings are the players who will be in the news most, and for good reason. They just won't be the only ones.