Cavaliers Complete Sign-and-Trade Deal With Miami

by John Bena (aka CavsBlogger) on Jul 10, 2010 12:09 AM CDT in Cleveland Cavaliers in the News

The Cleveland Cavaliers agreed to a sign-and-trade deal with the Miami Heat to acquire the rights to five future draft picks and receive a traded player exception for free-agent forward LeBron James, Cavaliers General Manager Chris Grant announced today. Per team and league policy, terms of the contract were not released.

"This deal provides us with multiple key assets and additional flexibility as we move forward for both the short term and beyond," said Cavaliers General Manager Chris Grant.

Cleveland now owns two of Miami's first-round draft picks starting no earlier than 2013 and continuing through 2017, the Heat's 2012 second-round pick from New Orleans, and the future second-round pick Miami acquired from Oklahoma City. Additionally, Cleveland will have the right to swap 2012 first-round picks with the Heat. The trade also gives Cleveland a very large trade exception, which the Cavaliers can now use in trades within one calendar year.

So, to summarize the trade -

MIAMI GETS:

LeBron James, who signs a 6-year, $110 million contract

CLEVELAND GETS:

Two first-round picks, that must be used starting in 2013 and ending by 2017
2012 second-round pick Miami received from New Orleans
Future second-round pick Heat acquired from Oklahoma City
Cleveland can also swap first round picks with the Heat in 2012
A large trade exception($15 million or so) that the Cavs must use in trades for one calendar year.

This deal allows LeBron James to make some more money while allowing Miami to have flexibility to sign more players this summer.

For the Cavaliers, this obviously allows them to rebuild through the draft, or use the picks for trades themselves should the opportunity arise. The trade exception will also allow the Cavaliers to acquire talent now(for the next 12-months) to assist in the rebuilding process.

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Comments

This is a great way to help the recovery process quicker...

No reason we cant pluck a great player from a luxury tax team trying to save $$$ with the $15 million trade exception. Once the bad teams over the tax figure out they aren’t making the playoffs they will be more than happy to get rid of a long term contract since they know they wont be making the playoffs anyways.

An example (JUST example) is if the 76’ers don’t do well and want to save $$$ we could easily use the trade exception to absorb Andre Iguodala since they just drafted a similar player in Evan Turner.

Of course he isn’t as good as LeBetrayal but a 20-5-5 guy is nothing to sneeze at…

PG – Mo Williams
SG – Delonte West
SF – Andre Iguodala
PF – Antwan Jamison
C – ??? Mabey tell Orlando we will absorb Marcin Gortat so they can avoid alot of luxury tax?

These are just possibilities but it seems like the team has a TON of options…

by ap3604 on Jul 10, 2010 1:27 AM CDT reply actions

Should have just put the C as Varejao btw....

My bad I usually think of him as a PF/C bench guy but he could easily be a starting C for us

by ap3604 on Jul 10, 2010 1:29 AM CDT up reply actions

I don’t think the Sixers will want to give up Iggy.

by Simmsinns on Jul 10, 2010 2:10 AM CDT up reply actions

Yeah I agree… I dont think they want to give Iggy up yet either (hence the caps I used) since they just got a new coach and want to see how the team does before they make changes.

BUT

There’s gonna be at least ONE team out there that doesn’t want to pay the tax and is willing to throw away players in order to get this done before the trading deadline. A perfect example of this is our very own Antwan Jamison. The Wizards knew the season was lost and didn’t want to pay the tax so we were able to pick him up easily.

There will be at least one great SF available next season guaranteed.

by ap3604 on Jul 10, 2010 2:41 AM CDT up reply actions

Actually, I think they would love to trade him. He has underperformed since signing this big contract. There have been many rumors that they were looking to trade him once they drafted Turner.

by Buckeye Brad on Jul 10, 2010 7:42 AM CDT up reply actions

That would be nice.

We are all witnesses... to a traitor.

by emily522 on Jul 10, 2010 11:27 AM CDT up reply actions

I heard rumors during last season he might be traded, and in the offseason before the draft…So Turner has just made him even more expendable.

I teach good life choices. That’s why I almost didn’t graduate High School.

by bross09 on Jul 10, 2010 3:26 PM CDT up reply actions

Don’t want him.

by Roger Dorn on Jul 10, 2010 4:59 PM CDT up reply actions

my thoughts exactly on Iggy. on DBN I suggested this and someone said he is overpayed…but when you look at players payed in the 10.5-13.5 million dollar range, most feel overpayed and honestly, Iggy might be one of the best bargains we can actually get…granted we would probably have to trade away either Mo or Jamison…but if we trade away Jamison, we can have a lineup of

Mo
Delonte
Iggy
Hickson
Andy

I like the Forward’s athleticism and that could pose many problems.

I teach good life choices. That’s why I almost didn’t graduate High School.

by bross09 on Jul 10, 2010 3:26 PM CDT up reply actions

If we trade away Jamison

we might as well go into full on rebuilding mode.

Still looking for 1985 Regular Season games on DVD/VHS

by Hardcore Legend on Jul 10, 2010 5:30 PM CDT up reply actions

and if we keep him, we are in mediocrity mode? which is really all that better. If we can unload Jamison’s contract for someone halfway decent under the age of 30 (if the price is right), basically relatively young, I would do it. What is the point at keeping an aging player who still has something to give to a good team, on a bad team. It would be completely idiotic to not trade jamison just because you don’t want to go into “full rebuilding mode”

I teach good life choices. That’s why I almost didn’t graduate High School.

by bross09 on Jul 12, 2010 12:33 PM CDT up reply actions

Re: Gortat – we don’t do anything to help Orlando and take on other team’s crappy salary decisions. Gortat can stay with the Magic.

"Facebook is bad news. It and Jason Donald both crush dreams." - JRontherim

by woodsmeister on Jul 11, 2010 11:08 AM CDT up reply actions

An excellent deal for Cleveland.

And an interesting deal made by Miami in this. But reasonable nonetheless. Big up’s to Chris Grant, or whoever brokered the deal for Cleveland, to get this thing done.

EvilCowtownInc: Screwin Suckaz over since 1985......

Maybe we should adjust our stats to per36 years of age? -- ElRonToro

No mistakes in the tango, Donna. Not like life. Simple. That's what makes the tango so great. If you make a mistake, and get all tangled up, you just tango on.....

by pookeyguru on Jul 10, 2010 7:28 AM CDT reply actions

Well I'm glad y'all are back on track

Atlanta will win a championship....someday

by maxxj3 on Jul 10, 2010 9:06 AM CDT reply actions

This just made the Heat even more dangerous.

Now they can retain Bird Rights to the players they had the rights to.

by sexsalad on Jul 10, 2010 9:12 AM CDT reply actions

That's not true

They had to renounce Udonis Haslem for instance.

EvilCowtownInc: Screwin Suckaz over since 1985......

Maybe we should adjust our stats to per36 years of age? -- ElRonToro

No mistakes in the tango, Donna. Not like life. Simple. That's what makes the tango so great. If you make a mistake, and get all tangled up, you just tango on.....

by pookeyguru on Jul 10, 2010 10:03 AM CDT up reply actions

Miami had 1 player under contract (Chalmers) with 0 players on cap holds.

This was the only way they could obtain the necessary cap space to sign all three players to close to max deals. They renounced every single player except for Wade.

by MagicMark on Jul 10, 2010 11:18 AM CDT up reply actions

Technically you have cap holds on the roster spots up to 12.

EvilCowtownInc: Screwin Suckaz over since 1985......

Maybe we should adjust our stats to per36 years of age? -- ElRonToro

No mistakes in the tango, Donna. Not like life. Simple. That's what makes the tango so great. If you make a mistake, and get all tangled up, you just tango on.....

by pookeyguru on Jul 11, 2010 4:28 AM CDT up reply actions

Or more simply

Whatever players you don’t have under contract, or renounced in Wade’s case, there is a minimum salary cap hold for each roster spot up to 12.

EvilCowtownInc: Screwin Suckaz over since 1985......

Maybe we should adjust our stats to per36 years of age? -- ElRonToro

No mistakes in the tango, Donna. Not like life. Simple. That's what makes the tango so great. If you make a mistake, and get all tangled up, you just tango on.....

by pookeyguru on Jul 11, 2010 4:29 AM CDT up reply actions

Miami’s lucky if they can sign the popcorn vendor after the money they shelled out.

by lupojohn3 on Jul 10, 2010 11:56 AM CDT reply actions

The Cavs can currently still field a starting five of Z, Jamison, Mo, Anthony, and Andy. Then they can come off the bench with JJ, Jamario, Leon, and Jawad, all of them pure energy and hustle. This group can draw a lot of fouls on the opposing team if they make their mind up to take it to the hole. But the team as a whole need to have the mindset of taking it to the rim, rather than launch 3’s all nite long…

by BirthTimes on Jul 10, 2010 12:06 PM CDT reply actions

lol is it possible to back out of a sign and trade after the person has signed?

That would be great if Lebron signed with the Cavs, and Gilbert was just like….. you know nvm…. i dont think i wanna do the trade part

In Kobe we trust!

by robi s on Jul 10, 2010 4:36 PM CDT reply actions

No

it is implicit that a sign-and-trade only can exist if the team trades the player.

Still looking for 1985 Regular Season games on DVD/VHS

by Hardcore Legend on Jul 10, 2010 5:31 PM CDT up reply actions

But this time it could not be a sign-and-trade, just a trick signing.

I joke, I joke. That would be epic though.

by sexsalad on Jul 10, 2010 6:08 PM CDT up reply actions

They must be traded within 48 hours of the signing.

Art Modell gives me a hard one

by gahnki on Jul 10, 2010 11:31 PM CDT up reply actions

Yep

And then the agreement becomes invalidated.

EvilCowtownInc: Screwin Suckaz over since 1985......

Maybe we should adjust our stats to per36 years of age? -- ElRonToro

No mistakes in the tango, Donna. Not like life. Simple. That's what makes the tango so great. If you make a mistake, and get all tangled up, you just tango on.....

by pookeyguru on Jul 11, 2010 4:29 AM CDT up reply actions

Or the agreement becomes invalid if the team, in this case Cleveland, doesn't trade the player to the team the player is going to.

EvilCowtownInc: Screwin Suckaz over since 1985......

Maybe we should adjust our stats to per36 years of age? -- ElRonToro

No mistakes in the tango, Donna. Not like life. Simple. That's what makes the tango so great. If you make a mistake, and get all tangled up, you just tango on.....

by pookeyguru on Jul 11, 2010 4:30 AM CDT up reply actions