The LA Clippers are trading Patrick Beverley, Rajon Rondo and Daniel Oturu to the Memphis Grizzlies for guard Eric Bledsoe, sources told ESPN on Sunday.
The deal saves the Clippers $30 million in luxury tax and creates an $8.3 million traded-player exception that they will have a year to use.
Bledsoe, 31, was drafted by the Clippers in 2010 and spent the first three years of his career with the franchise. A two-time member of the NBA's All-Defensive team, Bledsoe is expected to play a significant role in the Clippers' guard rotation.