Report: Cleveland Cavaliers trade Dion Waiters, receive Iman Shumpart and J.R. Smith

The details of the reported three-team trade between the Cavaliers, Knicks, and Thunder are now coming into focus. The Cavs will reportedly receive Iman Shumpert and J.R. Smith from the Knicks. In addition, they will receive a protected first round pick from Oklahoma City.

To do this, the Cavs are sending Dion Waiters to the Thunder, and Lou Amundson, Alex Kirk, and a 2019 second round pick to the Knicks.

According to Brian Windhorst and Marc Stein of ESPN.com, the Cavs spoke to LeBron James about his willingness to play alongside Smith before they pulled the trigger on this trade. According to Chris Haynes, LeBron and Smith have a good relationship:

LeBron James and J.R. Smith have a solid relationship dating back to high school. Smith used to train with James in Akron over summers.

— Chris Haynes (@ChrisBHaynes) January 6, 2015

Smith was the NBA Sixth Man of the Year for the 2012-2013 season. His numbers so far this season: 24 games, 10.9 points per game, 40 percent shooting overall, and 36 percent from three.

Shumpert, however, is the key piece in this deal from the Cavs' perspective. He's a 24-year-old 6'5" shooting guard who will be a restricted free agent this summer. He's been recovering from a shoulder injury, and hasn't played since December 12th. Once he's healthy, he should slide nicely into the Cavs' starting backcourt alongside Kyrie Irving. He'll immediately be able to help the Cavs on the defensive end. Offensively, his numbers this season are actually quite similar to Smith's: 24 games, 9.3 points per game, 41 percent shooting overall, and 35 percent from three.

Fear the Sword will have in-depth analysis of this move soon.