According to ESPN's Adrian Wojnarowski, DeMar DeRozan has signed a new three-year contract worth $73.7 million with the Sacramento Kings. The contract includes a partially guaranteed amount of $10 million in the third year. Assuming a standard ascending structure with 5% annual raises, DeRozan is set to receive approximately $48 million in guaranteed money across the first two seasons, with a total guarantee of $58 million.

The finalized three-team sign-and-trade deal sending DeRozan to Sacramento has brought more clarity on the assets involved. RealGM reports that the Kings sent their own 2025 and 2028 second-round picks to the Chicago Bulls as part of the trade. However, it is worth noting that Sacramento has also traded away their own 2025 first-round pick (top-10 protected) and the 2025 second-round pick from Portland to the Toronto Raptors. As a result, the Kings do not currently possess any selections in the upcoming 2023 NBA Draft.

An interesting aspect of the trade is the fact that the San Antonio Spurs only had to make one roster move, waiving Charles Bassey, to finalize the transaction. This suggests that Harrison Barnes likely forfeited his $3.7 million trade kicker to help facilitate the deal, as LJ Ellis of SpursTalk writes. Nevertheless, even with Barnes waiving his trade bonus, some discrepancies in the numbers arise unless Chris Paul's cap hit is slightly lower than the initial reported figure of $11 million. Cap expert Yossi Gozlan speculates through Twitter that Paul's deal may include unlikely incentives, not counted against the cap, which could push the overall value of his contract to $11 million or potentially even higher.

Before completing the trade, the Spurs renounced the rights to several free agents, including Sandro Mamukelashvili and David Duke, to whom they had previously issued qualifying offers. This move makes Mamukelashvili and Duke unrestricted free agents, allowing other teams to potentially make offers, as Keith Smith of Spotrac reports on Twitter. However, it doesn't exclude the possibility of the Spurs re-signing either player if they desire to do so.

In order to meet the requirements of the three-team trade, the inclusion of RaiQuan Gray, who held a two-way contract, was necessary. Gray was transferred from San Antonio to the Chicago Bulls. However, it has been reported by K.C. Johnson of NBC Sports Chicago that the Bulls will ultimately waive Gray, making him available as a free agent. This leaves the Spurs with two open two-way slots, while the Bulls will have a vacant slot once Gray's official release is confirmed.