A six-team, 11-player trade has been officially announced! Aldama is sent to the Mavericks, while Stewart joins the Grizzlies.

On July 9, Beijing time, the Mavericks, Pistons, Grizzlies, Clippers, Bucks, and Wizards formally finalized this large-scale trade featuring 11 players. Various media sources had been reporting the individual parts of the deal over the last two weeks, and now every team involved has released an official statement confirming the trade is complete.

The key players moving in this trade include: Aldama from the Grizzlies to the Mavericks, Stewart from the Pistons to the Grizzlies, John Collins joining the Pistons via a sign-and-trade, Middleton moving to the Wizards through a sign-and-trade, along with several other players involved as trade chips.

A total of 10 current NBA players are involved in this trade, plus one overseas draft-and-stash player, Biberovich, who has yet to sign. After the trade takes effect, sources indicate the Mavericks will sign this player to a new contract. Here is what each team receives——

Mavericks receive

Aldama (from the Grizzlies)

Sasser (from the Pistons)

Draft rights to Biberovich (from the Grizzlies)

Pistons receive

John Collins via sign-and-trade from the Clippers (3 years, $51 million)

Taurean Prince (from the Bucks)

Gary Harris (from the Bucks)

A 2029 second-round pick from the Grizzlies (the second most valuable among the Pistons, Knicks, and Bucks' second-round picks for that year)

The Grizzlies pass along a 2031 second-round pick from the Mavericks

The Grizzlies pass along a 2032 second-round pick from the Pistons

Grizzlies receive

Stewart (from the Pistons)

A.J. Johnson (from the Mavericks)

Russell (from the Wizards)

The Mavericks pass along a 2030 first-round pick from the Warriors (top 20 protected)

The Mavericks pass along a 2029 second-round pick from the Rockets

The Wizards send a 2029 second-round pick from the Lakers

The Wizards' own 2033 second-round pick

The Wizards also give a pick swap right: they can choose the more valuable of the Grizzlies' and 76ers' 2032 second-round picks to swap with the Jazz's 2032 second-round pick.

Bucks receive

LeVert (from the Pistons)

The Pistons' own 2027 second-round pick

A second-round pick option from the Pistons: the less valuable of the Mavericks' and Nets' 20XX second-round picks

Cash considerations from the Clippers

Wizards receive

Middleton via sign-and-trade from the Mavericks (3 years, $17.6 million)

The Mavericks' 2033 second-round pick

Clippers receive

A 2028 second-round pick from the Pistons (top 55 protected)

Summary of the impact of this trade on each team——

The Mavericks give up some draft assets but add several players who can enter the regular rotation.

The Pistons reshuffle their frontcourt and wing lineup while freeing up more salary cap flexibility.

The Grizzlies trade Aldama for Stewart, take on some difficult-to-handle premium contracts, and accumulate a large number of draft picks.

The Bucks take on LeVert's salary and receive two second-round picks in return.

The Wizards bring back Middleton and offload Russell's expiring contract.

The Clippers send out Collins via sign-and-trade, generating a $17 million trade exception.

The Clippers are not the only team to receive a nine-figure trade exception from this deal; the Pistons also get a $15 million trade exception, equal to the salary of departing player Stewart.

All six teams involved in this trade will be subject to a hard cap (first apron) for the remainder of the 2026-27 full season: from now until June 30, 2027, each team's total salary cannot exceed $209.015 million. However, this restriction is unlikely to trouble any of the six teams, as all currently have salaries well below the luxury tax line.