A four-team deal sending Shawn Marion to the Dallas Mavericks has been approved by the league office and was to be formally announced by the teams on Thursday.
Marion is set to receive a five-year contract from the Mavericks worth an estimated $39 million, according to sources.
Under the sign-and-trade deal, the Orlando Magic traded Hedo Turkoglu to the Toronto Raptors. The Raptors sent Marion, Kris Humphries, Nathan Jawai and cash considerations to Dallas, while also sending a future second round draft pick to the Memphis Grizzlies.
The Mavericks in turn shipped Jerry Stackhouse and cash considerations to the Grizzlies and Devean George and Antoine Wright to Toronto, while the Grizzlies dealt Greg Buckner to Dallas.
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