Tim Hardaway Jr. is on the move.

The Dallas Mavericks agreed to trade the veteran guard and three second-round picks to the Detroit Pistons on Friday in exchange for guard Quentin Grimes, according to Adrian Wojnarowski.

Wojnarowski added that the picks involved are the Toronto Raptors' 2025 second-round pick and two 2028 second-rounders.

It is a pure cost-cutting move on Dallas' part since Hardaway is set to earn $16.2 million next season, while Grimes will make only $4.3 million.

Following the trade, here is a look at the current roster construction and the 2024-25 salaries for both the Mavs and the Pistons:

Dallas Mavericks

Luka Dončić, PG: $43M

Kyrie Irving, PG: $40M

PJ Washington, PF: $15.5M

Daniel Gafford, C: $13.4M

Josh Green, SG: $12.7M

Maxi Kleber, PF: $11M

Dereck Lively II, C: $5M

Quentin Grimes, SG: $4.3M

Dwight Powell, C: $4M

Dante Exum, PG: $3.2M

Olivier-Maxence Prosper, PF: $2.9M

A.J. Lawson, F: $2.1M

Jaden Hardy, SG: $2M

Alex Fudge, F: Two-way

Free Agents

Derrick Jones Jr., SF: UFA

Markieff Morris, PF: UFA

Greg Brown III, PF: RFA

Brandon Williams, PG: RFA

Detroit Pistons

Tim Hardaway Jr., SG: $16.2M

Isaiah Stewart, C: $15M

Cade Cunningham, PG: $13.9M

Ausar Thompson, SG: $8.4M

Jaden Ivey, SG: $8M

Jalen Duren, C: $4.5M

Troy Brown Jr., SG: $4M

Marcus Sasser, PG: $2.8M

Ron Holland, SF: Rookie-scale contract

Bobi Klintman, SF/PF: TBD

Buddy Boeheim, SG: Two-way

Tosan Evbuomwan, SG: Two-way

Free Agents

Evan Fournier, SG: Club option

James Wiseman, C: RFA

Simone Fontecchio, SF: RFA

Malachi Flynn, PG: RFA

Chimezie Metu, C: Club option

Stanley Umude, G: Club option

Taj Gibson, C: UFA

Jared Rhoden, SG: RFA

Following the deal, Spotrac projects that the Mavericks have $181.079 million in total cap allocations, putting them $40.079 million over the cap, but $14.893 million under the first apron and $25.724 million under the second apron.

As for the Pistons, Spotrac projects they have $161.430 million in total cap allocations, are $20.430 million over the cap, and are $74.314 million under the first apron and $85.145 million under the second apron.

There was speculation Hardaway would be moved along with the No. 10 overall pick dating back to before the 2023 NBA draft.

While that didn't happen, it didn't take long for more rumors to circulate.

NBA insider Marc Stein reported in June 2023 that the Mavericks were exploring trades involving the son of Hall of Famer Tim Hardaway since the end of the 2022-23 regular season.

However, Dallas was unable to trade him until now when he has just the 2024-25 season remaining on a contract that previously paid him $17.9 million in base salary in 2023-24.

Hardaway came to the Mavericks from the New York Knicks during the 2018-19 season as part of the trade that also brought Kristaps Porziņģis to Dallas. He has always been a solid secondary scorer throughout his career, and that will likely be his role on his new team.

The Michigan product averaged 15.2 points, 3.4 rebounds and 1.9 assists per game while shooting 41.7 percent from the field and 37.3 percent from deep across six seasons with the Mavericks.

However, Hardaway saw a role reduction during the team's run to the 2024 NBA Finals and averaged just 4.4 points in 12.7 minutes per game in the postseason. It seemed like a change of scenery was potentially in order, and that is exactly what happened.

Still, he spaces the floor and can take advantage of openings created by go-to options like he did in Dallas with Luka Dončić.

As for Grimes, the Mavs are getting a player who was the No. 25 overall pick in the 2021 NBA draft and spent parts of three seasons with the Knicks before getting traded to Detroit last season.

In 168 career regular-season games, Grimes owns averages of 8.5 points, 2.5 rebounds and 1.5 assists per contest.