Those rights would reportedly be to Dimitrios Agravanis and Sergii Gladyr, according to USA Today Sports' Sam Amick. According to ESPN.com's Bobby Marks, the deal will save the Cavaliers $12.8 million in luxury tax payments this year.
Cleveland and Atlanta are planning a trade call to finalize the agreement with the league office Friday night or Saturday morning, league sources said. "These are the hard times of being a coach".
As for the Hawks, neither Jefferson nor Felder appear long for Atlanta.
Both Jefferson and Felder have been mentioned as two players that the Cavs were likely to either cut or trade in order to trim down the roster.
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After signing with the Cavs in 2015, Jefferson played a key as a reserve in Cleveland's championship run through the 2016 NBA Finals.
Felder, 22, was a second-round draft pick previous year. Cleveland will also create a $2.6 million and a $1.4 million trade exception, both available for one year.
The Cavs had to move two players after adding Dwyane Wade, Derrick Rose, Jeff Green, and Jose Calderon on veteran's minimum deals, and acquiring Ante Zizic in the trade that sent Kyrie Irving to Boston for Isaiah Thomas and Jae Crowder. I wonder how LeBron James takes this, he and Jefferson are tight.
Jefferson was set to make $2.5 million next season.