Odom was the main piece in a four-team trade that was finalized this afternoon. LO will be leaving the Dallas Mavericks, where he spent one absolutely terrible season.
Lamar is in the final year of his contract and will make $8.2 million this year.
This will be Odom's second stint with the Clip Squad ... he was drafted 4th overall by the team back in 1999. He later spent seven season with the Lakers.
How happy are Khloe (and E! producers) right about now?