Suns receive Eric Bledsoe and Caron Butler in three-team deal, ship out Jared Dudley

Per Yahoo!'s Adrian Wojnarowski, the Suns have agreed to a three-team deal with the Los Angeles Clippers and the Milwaukee Bucks.

Clippers, Bucks and Phoenix have reached agreement on a three-team deal, sources tell Y!

— Adrian Wojnarowski (@WojYahooNBA) July 2, 2013

Eric Bledsoe and Caron Butler will go to the Suns, Jared Dudley and JJ Redick to the Clippers and 2 2nd-round picks to Bucks, sources tell Y

— Adrian Wojnarowski (@WojYahooNBA) July 2, 2013

In the sign and trade scenario, Redick will get a four year, $27 million deal with the Clippers, sources tell Y! Sports.

— Adrian Wojnarowski (@WojYahooNBA) July 2, 2013

Suns GM Ryan McDonough has started the Suns rebuilding with a young point guard -- Eric Bledsoe -- and a center -- Alex Len.

— Adrian Wojnarowski (@WojYahooNBA) July 2, 2013

Dave has done it yet again. Just a few short hours ago he wrote about patience, and now here are the Suns making a big move.

Caron Butler is a sizable expiring contract, as he is on the books for $8 million for one more year.

But this deal was about getting Eric Bledsoe, a highly prized young point guard who spent the last two years backing up Chris Paul. Bledsoe is a tremendous athlete and can do a lot of things on the court. He is on the books for $2.6 million for this coming season before his qualifying offer id due.

This gives the Suns a lot of flexibility. Ryan McDonough traded away one of the Suns best assets in Jared Dudley, but getting Bledsoe in return frees up Goran Dragic as a movable asset. Or maybe the Suns could even look to move Bledsoe again.

Either way, this move gives the Suns more young talent and flexibility. It's tough to see Dudley go, but this is a pretty good return for him.