Chris Paul was traded to the Raptors in a three-team deal, allowing all teams financial benefits and giving Paul a chance to pursue a championship.

Chris Paul has been traded to the Toronto Raptors in a three-team deal involving the Clippers and Nets, finalized ahead of the 3 p.m. ET deadline. The 40-year-old point guard, who agreed to leave the Clippers in December, is not required to report to Toronto and could be waived or traded further. The move allows all three teams to benefit financially—Toronto avoided the luxury tax, the Clippers saved $7 million and cleared a roster spot, and the Nets received assets and cash. Paul, who signed a one-year, $3.6 million deal with the Clippers, averaged 2.9 points, 3.3 assists, and 1.8 rebounds in 16 games this season. A 17-time All-Star and second all-time in assists and steals, Paul has never won an NBA championship, reaching the Finals once with the Suns in 2021.