Kevin Martin to Timberwolves as Part of 3-Team Sign-and-Trade

After spending last year with the Oklahoma City Thunder following a stint with the Houston Rockets, Kevin Martin will reportedly make it three different teams in three years and sign with the Minnesota Timberwolves. 

UPDATE: Thursday, July 11, at 10:34 p.m. ET by Ian Hanford

The Timberwolves made their move for Martin official on Thursday with complete details of the three-way sign-and-trade:

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The Minnesota Timberwolves today announced the team has acquired guard Kevin Martin via a sign-and-trade as part of a three-team deal with Oklahoma City and Milwaukee. 

As part of the trade, the Wolves send Luke Ridnour and a 2014 second-round pick (from the Los Angeles Lakers via the Phoenix Suns; acquired on July 27, 2012) to the Bucks. Minnesota and Milwaukee will also receive cash considerations from Oklahoma City while the Bucks send the draft rights to Szymon Szewczyk to the Thunder. 

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Original Text

Yahoo! Sports' Adrian Wojnarowski has the news: 

Let's take a closer look at this newest development. 

What It Means for the Thunder

For the second season in a row, Oklahoma City is going to have to replace its sixth man. 

Last season, general manager Sam Presti shocked the world when he dealt Sixth Man of the Year James Harden to the Rockets, and although Martin wasn't nearly as efficient as the man with the best beard in the NBA, he played his role well. 

Coming off the bench for the first time since his rookie season in 2004-05, Martin averaged 14.0 points in 27.7 minutes per contest. In true "instant offense" fashion, he shot 45.0 percent from the field, knocked down 2.1 treys per game and got to the foul line at a consistent rate. 

In Martin's absence, youngsters Reggie Jackson or Jeremy Lamb could very easily take on larger roles, but it wouldn't be surprising to see the Thunder add some bench depth via free agency. 

What It Means for the Timberwolves

New general manager Flip Saunders has gotten his shooting guard to fill the T-Wolves' perceived biggest starting-lineup need, but what will it mean for the rest of the team's free agents?

With Martin making $7 million per year along with Chase Budinger's new contract, it could be difficult for Minnesota to retain both Andrei Kirilenko and Nikola Pekovic, depending on what kind of offers they get from around the league.

AK47 is seemingly the most likely to depart now, although the entrance of Shabazz Muhammad should help quell that blow at small forward. 

In the end, Martin is a versatile scorer who will pair up with Ricky Rubio to give Minnesota a dynamic backcourt.