Sources: Cavs Trade Richard Jefferson, Kay Felder to Hawks

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

Cleveland and Atlanta are planning a trade call to finalize the agreement with the league office 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.

The Cavaliers will send the lesser of second-round picks owed to them from the Los Angeles Lakers and Minnesota Timberwolves in 2019 and a 2020 second-round pick via Portland, league sources said.

The Hawks will send back the draft rights to Dimitrios Agravanis and Sergii Gladyr, according to a source.

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.

Source: Adrian Wojnarowski of ESPN