This template is for sports articles, particularly professional athletes in team sports, that are in the news for a transaction, such as a trade or a new contract. This is an advisory to readers that the transaction may be awaiting an official announcement, and that readers should therefore be cautious about the content presented.
As an advisory to editors, it may also be used to indicate that an athlete should not be affiliated with a team without referencing an official announcement. Unofficial reports from reliable sources, if mentioned, must be attributed to the news source (e.g. "ACME News reports that John Doe was traded ...").
As of 2023, readers on Wikipedia's mobile version will only see a truncated version of this template, and readers on the mobile apps won't see it at all.
Generally it is expected that this template and its closely related templates will appear on an article for perhaps a day or two, occasionally several days, until the transaction is officially confirmed, denied, or does not materialize.
Note that every article on Wikipedia has a general disclaimer indicating that the article contents may not be accurate. As such, this template is redundant.
Unnamed parameter 1 overrides the word article to any text (e.g. section).
sport, automatically switches the icon to be more specific to replace the generic three balls icon. See Template:Current sports event icon/doc for a full list of icon choices compatible with this template.
trans, changes transaction to any text specified (e.g. trade, contract).
reason, changes the text after trans, i.e. "may be based on anonymous sources ..." to any specified text.