UPDATE II: The trade is complete. The Wizards use a trade exception so that they could sign him over the cap, and since Dallas had no interest in bringing him back, they happily obliged.
UPDATE July 16: Marc Stein is now reporting that the sign-and-trade will be completed sometime today.
Wizards staying busy: ESPN sources say Washington and Dallas Mavericks on course to finalize DeJuan Blair sign-and-trade deal later today— Marc Stein (@ESPNSteinLine) July 16, 2014
DeJuan Blair signed in Dallas for minimum last season, made big playoff contribution and now Mavs trying to help him w/no room to keep him— Marc Stein (@ESPNSteinLine) July 16, 2014
Blair later tweeted this:
DC!! ✔️™— DeJuan Blair (@DeJuan45) July 16, 2014
Washington and Dallas are in advanced discussions on a potential sign-and-trade deal that would land DeJuan Blair with Wizards— Marc Stein (@ESPNSteinLine) July 14, 2014
Wiz have strong DeJuan Blair interest and, according to ESPN sources, in talks to see if sign-&-trade possible before Mavs must renounce him— Marc Stein (@ESPNSteinLine) July 14, 2014
Washington holds a few trade exceptions but, as David Lord points out, Dallas has to be getting something more.
@BallinWithBryan Can’t imagine Dallas is getting anything other than trade exception in exchange for Blair.//Has to be more, no TE possible— David Lord (@DLord_DBdotcom) July 14, 2014
Eddie Sefko is reporting that Dallas will likely receive a trade exception or cash in return for Blair. The Mavs are not expected to take back any players.
This development is still fluid and not all the details have been released. We'll keep you updated as the story develops.