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2017 NBA OFFSEASON


Dolfan in NYC

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The Cleveland Cavaliers have agreed in principle to send forward Richard Jefferson, guard Kay Felder, two second-round draft picks and at least $3 million in cash to the Atlanta Hawks, league sources told ESPN.

Cleveland and Atlanta are planning a trade call to finalize the agreement with the league office on Friday night or Saturday morning, league sources said.

Atlanta intends to waive Jefferson and Felder, sources said, and they would become free agents after clearing waivers. Jefferson was set to earn $2.5 million this season and Felder $1.3 million.

Sources said the draft picks going to Atlanta are 2019 and 2020 second-rounders and that the Hawks will send back European draft rights for two players in the deal. The 2019 pick will be the lesser pick from the Minnesota Timberwolves and Los Angeles Lakers that had been owed to the Cavaliers, and the 2020 pick is from the Portland Trail Blazers.

Cleveland will create two trade exceptions ($2.6 million and $1.4 million) with the trade. The Cavaliers will have one year to use them.

The trade gets the Cavaliers' roster to 15 ahead of the start of the regular season. The Cavaliers will save $12.8 million in luxury tax by unloading the two contracts.

 

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