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AP Source: Cavs agree to multiplayer, 3-team trade

Cavs Clearing Cap Space For LeBron


CLEVELAND (AP) -- The Cavaliers made moves to clear a path for LeBron James to return.

The team created salary-cap space on Thursday with a three-way trade, ensuring they have enough to offer the superstar free agent a maximum contract.

A person familiar with the deals says the Cavs have agreed to trade guard Jarrett Jack, swingman Sergey Karasev and center Tyler Zeller in a three-team deal. The moves are designed to open room under the salary cap so they can land James, the four-time league MVP and most sought after player on the market.

The Cavs have agreements with Brooklyn and Boston, the person told The Associated Press on Wednesday. The person spoke on condition of anonymity because teams are not permitted to discuss trades until the league's moratorium ends Thursday.

The person said Cleveland will receive guard Marcus Thornton from the Nets and send him, Zeller and a future first-round pick to the Celtics. Also, the Cavs are trading Jack and Karasev to the Nets.

Jack, who signed with Cleveland as a free agent last season, was scheduled to make $6.3 million, Zeller will make $1.6 million and Karasev $1.4 million

In trading those salaries, the Cavs have enough to give James a maximum, $20.7 million contract - if he decides to sign with Cleveland. James, who played his first seven seasons with Cleveland before leaving as a free agent in 2010, is expected to meet with Miami President Pat Riley in Las Vegas before making a decision about his future.

James spent part of the Wednesday at his Nike-sponsored skills academy, where he interacted with high school and college players. It's not known exactly when or where James will meet with Riley or if other Heat officials will be present.

The Cavs, meanwhile, gave James more to consider about Cleveland with their trades.

And, the Cavs may not be done. Cleveland has other assets, including future first-round picks it could package together to make a run at other All-Star players whether James signs or not.

Under NBA rules, teams must abide by a salary cap set by the league. If the combined salaries of the team's roster surpasses the cap, teams are forced to a pay additional taxes. Last season, the salary cap was approximately $59 million, and the league announced Wednesday that it will increase 7.5 percent to all-time high of $63.065 million for the 2014-15 season. The tax level - the point at which a team is penalized for exceeding the salary cap - for next season has increased by 7.1 percent to $76.829 million.

ESPN first reported details of the three-team trade.

Jack's first season with Cleveland didn't go as he or the Cavs had hoped. He signed a four-year, $25 million deal last July after playing in Golden State. The Cavs counted on him being a leader for their young team, but it didn't work out as Cleveland finished 33-49, missed the playoffs and fired coach Mike Brown.

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Steve Schiffman July 09 2014 at 7:55 PM

These salaries are digusting.

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2 replies
jdsept Steve Schiffman July 10 2014 at 1:47 PM

The cash is there, they only argument is how to divided it up. Players owners etc. If not the players, the owners. The owners don't give out tis cash unless knowing what it gets in return and its more cash.

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BOSSDAD44 Steve Schiffman July 10 2014 at 3:26 PM

who gives a crap about LeBron james, I am tired of always hearing about him and other over priced athletes, it makes me sick. let them try to work a honest day living like many of us

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cigary43 July 09 2014 at 9:08 PM

Le Bron is only about money....the name of the team is secondary and this whole thing about him returning to Cleveland is a big joke...and so is he. I hope he cramps up and can't recover.

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1 reply
jdsept cigary43 July 10 2014 at 1:49 PM

Hey, Lebron has never been the highest paid player on any team he has been with. http://ftw.usatoday.com/2014/07/lebron-james-contract-salary-never-been-highest-paid-players-cavaliers-heat

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MAD_DAWG1 July 09 2014 at 8:08 PM

Hey james. Cavs fans DO NOT WANT YOU BACK. PUNK

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4 replies
jj July 09 2014 at 10:49 PM

Who cares about these guys, because the San Antonio Spurs are going to win it again. The Spurs Organization has signed all the players and now they have Anderson.

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1 reply
accordmee jj July 10 2014 at 5:31 AM

Finally, someone who follows the game of basketball and isn't on the lbj bandwagon. Cramp that Lebron (King of nothing) James.

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rude July 09 2014 at 8:40 PM

The are so many low lifes in Miami so why not stay where you'll feel comfortable LBJ?

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drpmindmender July 09 2014 at 8:28 PM

So James turns his back on the Cavs 4 years for fortune and glory, and now the Cavs are STUPID enough to try to get him back?

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1 reply
jdsept drpmindmender July 10 2014 at 1:57 PM

They won 77% of their games the last two years he was there, since he left they won 31%. Why wouldn't thye want him back? Oh that's right, Cleveland "the Disaster on the Lake" last won a sports championship? the 2000s? No the 1990s? No the 1980s? No the 1970s? No Oh the 1960s? Yes Half the people celebrating Cleveland's last championship and knowing about it, are either dead or in nursing homes.

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bostonpd203 July 10 2014 at 8:36 AM

Hmm. Heard Lebron was flying to China on a business trip. Any news on that?

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1 reply
jdsept bostonpd203 July 10 2014 at 1:58 PM

no he's going to the World Cup for Sunday.

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bostonpd203 July 10 2014 at 8:33 AM

Hmmm. wonder what would happen if none of the NFL teams refused to have Lebron. Hmmm. Save $21 mil. By the way is it true Riley bent over to kiss the ring on Lebron's hand?

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1 reply
mzconcetd bostonpd203 July 10 2014 at 12:53 PM


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ISpeakOnlyTRUTH July 10 2014 at 11:11 AM

Why would LeBron want to go back to a bunch of two-faced, whiney people that represent and support the Cavs?

Nobody can be that despirate!

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1 reply
David ISpeakOnlyTRUTH July 10 2014 at 3:10 PM

ISpeakOnlyTRUTH - LeBron is the TWO FACED one here. Got drafted by the Cavs and "wanted to play for his home team" then made the move to Miami and said how much he disliked Cleveland, he's an Akron boy. So put that where the sun don't shine if there's room up there with your head !

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accordmee July 10 2014 at 5:27 AM

I will be glad when he goes somewhere. I am so tired of hearing about him, there are other players and other things going in the world.

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1 reply
jdsept accordmee July 10 2014 at 1:59 PM

Than don't click on the articles. YOU are mentally challenged?

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