A contract buyout has been agreed upon between the Dallas Mavericks and Klay Thompson, ending his time with the team. This development follows a significant trade that impacted his tenure. Thompson's plans are not yet publicly disclosed, but it is known that he intends to join another team after clearing waivers.

Further details about his next steps are available from the source. The buyout announcement comes after the team missed the playoffs in recent seasons. Thompson's potential new team is expected to be announced once he clears waivers, which could happen as early as Sunday.