The Mavs will attempt to trade Odom before June 29.
Any team that has Odom on its roster by that date will be responsible for paying him the $2.4 million in guaranteed money he's owed next year. If Dallas can't get rid of Odom in a trade, it will likely waive him and be responsible for paying Odom his guaranteed money.
That's something Dallas would obviously rather avoid. If the Mavericks are forced to waive Odom, he would become a free agent. In that scenario, the Queens native would likely be looking at a significant pay cut from the $8.2 he was scheduled to make this season. Source: NY would be No. 1 on Odom's list - Knicks Blog - ESPN New York