The key to the trade is the unprotected 2031 Lakers pick that Jeff Peterson acquired. If the Dallas Mavericks are correct in their thinking about the low ceiling of a future led by Luka Dončic, or the Slovenian superstar inks a long-term contract away from Los Angeles, the value of that pick is limitless.

The Lakers announced the news with a brief statement, saying the league rescinded the deal due to “failure to satisfy a condition of the trade.”