Four-team Kyle Kuzma-Khris Middleton trade officially completed

• Wizards acquire Middleton, AJ Johnson, the draft rights to Mathias Lessort (from Knicks), the right to swap their own 2028 first-round pick for the Bucks’ 2028 first-round pick or the Trail Blazers’ 2028 first-round pick (whichever is least favorable), and cash ($1M; from Bucks).
• Knicks acquire Delon Wright, the draft rights to Hugo Besson (from Bucks), and cash ($2MM; from Bucks).
• Spurs acquire Patrick Baldwin Jr. and cash ($4.13MM; from Bucks).
• Note: If the Trail Blazers haven’t conveyed their lottery-protected 2025 first-round pick by 2027 and it lands outside the lottery in 2028, it would be ineligible to be swapped; in that scenario, the Wizards would simply have the right to swap their own 2028 first-round pick for the Bucks’ 2028 first-round pick.

The Kuzma/Middleton agreement between the Bucks and Spurs was initially reported on Wednesday morning. Our full story on that original deal can be found right here.

Milwaukee later expanded the trade by working out a side deal with New York involving Sims and a second side deal with San Antonio for Baldwin.

The transaction allows the Bucks to shed enough salary move below the second tax apron, which is why they’re permitted to send out cash in the deal — Fred Katz of The Athletic reported the details on the cash going to each team earlier today.

The only other change from the terms previously reported is that the draft rights to Lessort are headed from New York to Washington instead of Milwaukee. We’re also still waiting to see what minor asset San Antonio sends out in the deal — that will presumably be revealed within the Spurs’ or Bucks’ announcement.