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Sources: Cavs Trade Richard Jefferson, Kay Felder to Hawks

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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 $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

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2018 Free Agency Diary

Sources: 76ers Trade Richaun Holmes to Suns

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The 76ers are trading forward Richaun Holmes to the Phoenix Suns, league sources tell Yahoo.

Sources: Shams Charania on Twitter

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2018 Free Agency Diary

Sources: Nets Trade Darrell Arthur to Suns for Jared Dudley

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Brooklyn agreed to trade w/ Phoenix to acquire Jared Dudley and 2021 second-round pick for Darrell Arthur, league sources tell ESPN. Arthur ($7.4M) headed for buyout; Dudley ($9.5M) will have that conversation with Nets. Suns save some salary, Nets get a pick protected to No. 35.

Source: Adrian Wojnarowski on Twitter

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2018 Free Agency Diary

Sources: Hawks, Thunder, 76ers Agree to Three-Team Trade

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Oklahoma City has agreed to trade Carmelo Anthony and a protected 2022 first-round pick to Atlanta for point guard Dennis Schroder and Mike Muscala, league sources tell ESPN. Anthony will be waived, and he will join team of his choice. Rockets are frontrunner.

Sources: Muscala ($5M) is likely headed for a third team in near future. OKC GM Sam Presti and coach Billy Donovan were given permission to talk with Schroder, and they’re enthusiastic about partnership. OKC wants more speed, another ball handler.

Sources: As part of multi-team Carmelo Anthony/Dennis Schröder deal, Atlanta’s Mike Muscala will go to Philadelphia, 76ers’ Timothé Luwawu-Cabarrot will be traded to Oklahoma City and 76ers’ Justin Anderson to Atlanta.

Source: Adrian Wojnarowski and Shams Charania on Twitter

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