Cavaliers complete trade to Atlanta, release Kendrick Perkins

The Cavaliers will have one year to use them.

According to Shams Charania of The Vertical and ESPN's Adrian Wojnarowski, the Cavs are nearing a deal that would send veteran Richard Jefferson and point guard Kay Felder to the Atlanta Hawks in exchange for Atlanta's European draft rights. From youngsters to veterans, the cuts have all been talent-centered; but the most painful move is certainly saying goodbye to Richard Jefferson.

Both players will become free agents after clearing waivers.

However, I'm more than sure that LeBron James and the Cavs will continue to search how to find the best way to get another superstar in the Cleveland this season.

The Hawks own the draft rights to five players who are now in European leagues.

The 37-year-old Jefferson is set to earn $2.5 million.

Felder was selected 54th overall by Cleveland in the 2016 draft and played in 42 games as a third-string point guard.

As to where both players will land, it's hard to tell for Felder but Jefferson could retire or join a Golden State Warriors, San Antiono Spurs, OKC Thunder or Houston Rockets. Basically, the Cavaliers were looking to dump salary to reduce their luxury-tax bill and the Hawks accommodated them for the price of a second-round pick in the 2019 and 2020 drafts plus cash.

Cavs general manager Koby Altman thanked Jefferson for being a part of the 2016 championship team in a conversation Friday evening explaining the trade, according to a source.

The Hawks chose the 6-10 Agravanis in the second round in 2015. Gladyr played for the Hawks in the NBA Summer League in 2010 and 2013 but he did not make the team. He's 22 and averaged 4.6 points and 3.5 rebounds last season.

  • Stacy Allen