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 Thompson's tenure. Further details about the situation are available from the source.

The buyout marks the end of a two-year period that was affected by a notable transaction. Thompson is expected to pursue another opportunity once certain procedures are completed.

Thompson's plans are not yet publicly disclosed, but information is available from the source for those seeking more details about the situation and his potential next steps.