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It started with a blur. Dion Waiters was set to start, then and suddenly he, Lou Amundson, and Alex Kirk were not even on the bench. Joe Harris took Dion's place in the starting lineup.
Then a roar:
Cleveland pulled Dion Waiters out of the game tonight and have a deal to trade him, league sources tell Yahoo Sports.
— Adrian Wojnarowski (@WojYahooNBA) January 6, 2015
The Dion Waiters era is over. I will have extended thoughts on that later. Who are the Cavs getting in return?
New York is sending J.R. Smith to Cleveland, league sources tell Yahoo Sports.
— Adrian Wojnarowski (@WojYahooNBA) January 6, 2015
Along with Waiters, New York is sending Iman Shumpert to the Cavaliers, league sources tell Yahoo Sports.
— Adrian Wojnarowski (@WojYahooNBA) January 6, 2015
Iman Shumpert is clearly the prize here. He is young, profiles as a good defender, and the Cavs control him for a while as a RFA. As for Smith, he CAN be a premier sixth man. That is okay.
Dion? Apparently he is headed to the Thunder.
Dion Waiters will be traded to Oklahoma City in the three-way deal, league sources tell Yahoo Sports.
— Adrian Wojnarowski (@WojYahooNBA) January 6, 2015
There were rumors that Reggie Jackson and Sam Dalembert could be included as well, but nothing has been substantiated yet. More Woj:
Reggie Jackson is not included in a deal to the Knicks, league sources tell Yahoo Sports. So far, unclear if he's headed anywhere at all.
— Adrian Wojnarowski (@WojYahooNBA) January 6, 2015
We will keep you updated as this develops, and as always, give you the breakdown of what it means when things are official.
UPDATE: It appears that, according to both Woj and Windhorst/Stein, the only players coming back to the Cavs in this deal will be Shumpert and Smith. On the way out: Waiters, Kirk, and Amundson.
The Cavs are also apparently getting a protected first round draft pick, and sending out a second round pick:
As part of three-team deal, Cavs will get a heavily protected future first-rounder from OKC and Knicks will get a 2019 second-round from CLE
— Marc Stein (@ESPNSteinLine) January 6, 2015