The deal is official. The Cleveland Cavaliers have sent former first round pick J.J. Hickson to the Sacramento Kings for small forward Omri Casspi and a future 1st Round draft pick. The Cavaliers announced the move via their Twitter accuont just a few moments ago:
#Cavs acquire @casspi18 and future first round pick from Sacramento in exchange for Hickson http://ow.ly/5u84iless than a minute ago via HootSuite 
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The move comes a week after the Cavaliers selected forward Tristan Thompson with the 4th overall pick. Hickson is due a new contract after next season and it became increasingly obvious that the Cavaliers were not interested in paying Hickson the big-time contract he was looking for.
As for Casspi, he is excited to be on his way to Cleveland, "Starting a new path in my journey and I'm so excited to be a Cavalier. I'm ready for the challenge and can't wait to get to know my teammates and my new home. Great things are ahead, Cavs Fans!!! Thank you everyone for the support."
The Cavs also received a protected first round pick. According to Cavs.com, the first round pick acquired from Sacramento is lottery-protected in 2012 (1-14). The pick is then protected in 2013 (1-13), 2014 (1-12) and 2015-2017 (1-10). If the pick is not conveyed by 2017, then Sacramento will convey its own 2017 second round draft pick to the Cavaliers protected (56-60).