Memphis consolidates role players and picks into Butler, a valuable but declining and injury prone asset. They will sign him to a three year 40M contract when he declines his option. This makes them a true contender without sacrificing young depth and still maintaining most of their draft capital.

Heat get what they can for someone they will lose for nothing this summer. They replenish their sparse draft capital to be able to enter the trade market. Kennard is expiring, Smart will be an expiring next year who they can package in a trade. Clark is a valuable backup PF. The Phoenix pick in 2030 is particularly valuable.