3 team deal lets Cavs free up cash
The Cleveland Cavaliers will trade Jarrett Jack to the Brooklyn Nets on Thursday as part of a three-team deal with Boston to create more salary-cap space for the pursuit of LeBron James, according to sources close to the process.
Sources told ESPN.com that the Nets have agreed to take on the contracts of Jack and youngster Sergey Karasev from the Cavaliers in a swap that will also see the Celtics acquire Brooklyn's Marcus Thornton, Cleveland's Tyler Zeller and a protected 2016 first-round pick from the Cavaliers.
"I'm very, very excited. Obviously, playing in New York is a compliment in and of itself," Jack told ESPN's Josina Anderson. "The opportunity to play at the Barclays every night, I couldn't be happier."
Cleveland will take back the draft rights to Ilkan Karaman and Edin Bavcic from the Nets to complete the transaction, a league source told ESPNNewYork.com's Ohm Youngmisuk. The moves will give the Cavaliers significant financial flexibility by shedding the contracts of Jack, Zeller and Karasev.
Meanwhile, ESPN The Magazine's Chris Broussard reports that the Cavaliers, in addition to James, are also now trying to strike a deal with free-agent guard Ray Allen and/or forward Mike Miller as a means of enticing James even more about a return to Cleveland.
Source: ESPN
The Cleveland Cavaliers will trade Jarrett Jack to the Brooklyn Nets on Thursday as part of a three-team deal with Boston to create more salary-cap space for the pursuit of LeBron James, according to sources close to the process.
Sources told ESPN.com that the Nets have agreed to take on the contracts of Jack and youngster Sergey Karasev from the Cavaliers in a swap that will also see the Celtics acquire Brooklyn's Marcus Thornton, Cleveland's Tyler Zeller and a protected 2016 first-round pick from the Cavaliers.
"I'm very, very excited. Obviously, playing in New York is a compliment in and of itself," Jack told ESPN's Josina Anderson. "The opportunity to play at the Barclays every night, I couldn't be happier."
Cleveland will take back the draft rights to Ilkan Karaman and Edin Bavcic from the Nets to complete the transaction, a league source told ESPNNewYork.com's Ohm Youngmisuk. The moves will give the Cavaliers significant financial flexibility by shedding the contracts of Jack, Zeller and Karasev.
Meanwhile, ESPN The Magazine's Chris Broussard reports that the Cavaliers, in addition to James, are also now trying to strike a deal with free-agent guard Ray Allen and/or forward Mike Miller as a means of enticing James even more about a return to Cleveland.
Source: ESPN