Milwaukee gets- Nurkic/Clarkson. Utah gets- Brook Lopez/ Pat Connaughton/ 22nd pick PLUS PHNX 2031 1st (top 5 protected). Phoenix gets Walker Kessler/ draft rights to Micah Potter/ 23rd pick, 29th pick, 32nd pick.
Milwaukee moves on from Lopez to a younger, cheaper but still productive double/double starting caliber center option, while also adding a high-end volume scorer/ball handler SG in Clarkson to replace Beasley in free agency.
Utah gets a center upgrade in Lopez to give them a more versatile veteran center option that can space the floor and still block shots in Brook Lopez, Utah also get a cheaper but still solid vet SG option in Connaughton to help advance their competitive trajectory. Utah also gets a premium future first (likely a high lotto pick in 2031) from Phoenix in exchange for Kessler and the 29th and 32nd picks.
Phoenix gets a younger, more mobile rim-protecting center option, a solid young 4/5 with some upside in Potter, AND a late first and a 2nd to help fill out roster depth with cost-controlled youth options. They'd now have the 23rd, 29th and 32nd picks to help fill out their roster with various positions of need.