What happened: Russell has signed with the Shanghai Sharks of the Chinese Basketball Association after the deal was previously reported earlier this week. The veteran guard now heads overseas as NBA teams trim camp rosters ahead of the 2026-27 season.

Why it matters: The signing closes the loop on Russell's rapid offseason turn after his Sept. 25 release in Memphis. It also gives Shanghai a proven former NBA ballhandler for its backcourt while taking a recognizable veteran off the late-camp market.

What to watch: The next step is Russell's formal roster integration in Shanghai as the CBA calendar approaches. Any related import moves around the Sharks' backcourt will shape how quickly his role comes into focus.