The Sacramento Kings, in a $16 million salary dump, are sending Nik Stauskas, Carl Landry and Jason Thompson to the Philadelphia Sixers.

In exchange, the Kings are getting back a bunch of paperwork for the time being.

Sacramento is reportedly clearing cap space so they can chase free agent guards such as Rajon Rondo, Monta Ellis and Wesley Matthews.

Per Yahoo! Sports:

The Kings traded forwards Carl Landry and Jason Thompson and 2014 No. 8 overall draft pick Nik Stauskas to the 76ers for the rights to overseas players and a future second-round draft pick, sources said. […] The Kings will send the Sixers a protected future first-round draft pick as part of the deal, league sources said.

 

Landry and Thompson each have two years and $13 million-plus left on their contracts. […] The Kings had about $9 million of cap space before the trade, now giving them a total of about $25 million.

 

The Kings also want to try to re-sign their own free agent, Derrick Williams, sources said. […] Stauskas, 21, is a young shooting guard who the 76ers targeted in the deal as the incentive to take on the Landry and Thompson contracts. Multiple teams had inquired about Stauskas, who had been the draft choice of the regime of deposed general manager Pete D’Alessandro and coach Michael Malone. Stauskas is still considered a good, young NBA prospect, and he’ll get a broader opportunity to play with the Sixers.