Report: Cavaliers near deal to send Richard Jefferson, Kay Felder to Hawks
The Cleveland Cavaliers have a loaded roster with more guaranteed contracts than available roster spots, and a healthy tax bill coming. Looks like they have found a trade to help with those problems.
Veteran Richard Jefferson and young point guard Kay Felder are close to being traded to Atlanta with some second round picks in a salary dump that only brings back European draft rights players, something first reported by Shams Charania of The Vertical at Yahoo Sports and since confirmed by multiple sources, with Adrian Wojnarowski of ESPN filling in key details.
Cleveland is in advanced talks on a deal to send Richard Jefferson and Kay Felder to Atlanta, league sources tell The Vertical.— Shams Charania (@ShamsCharania) October 13, 2017
Cleveland will Richard Jefferson, Kay Felder and cash to Atlanta, league sources tell ESPN. Deal is agreed in principle.— Adrian Wojnarowski (@wojespn) October 13, 2017
Cleveland is sending Atlanta two future second-round picks in the deal, league sources tell ESPN.— Adrian Wojnarowski (@wojespn) October 13, 2017
The Cavaliers get out of having to pay a guaranteed player not to play (Jefferson was owed $2.5 million), which saves them both money and tax. I wonder how LeBron James takes this, he and Jefferson are tight.
The Hawks will eat the salaries and plan to waive both Jefferson (owed $2.5 million) and Felder ($455,000 guaranteed). They both become free agents. The real key here for the Hawks is they get a couple of second round picks for the trouble of taking on the salaries. The cash doesn’t hurt either.
Basically, this is end of the roster bit of player shuffling.
However, there is one important impact — this may be the end of the brilliant Road Trippin’ podcast. Jefferson and Channing Frye’s podcast has been insightful, funny, and a must-listen. Not sure how it continues now, but I hope they find a way.