Cavs' 3-way trade official, waiting on James - WREX.com – Rockford’s News Leader

Cavs' 3-way trade official, waiting on James

Posted: Updated:
(AP Photo/John Locher). Lebron James plays basketball with high school students during the Lebron James Skills Academy Wednesday, July 9, 2014, in Las Vegas. (AP Photo/John Locher). Lebron James plays basketball with high school students during the Lebron James Skills Academy Wednesday, July 9, 2014, in Las Vegas.
(AP Photo/John Locher). Lebron James makes a layup while playing with high school students during the Lebron James Skills Academy Wednesday, July 9, 2014, in Las Vegas. (AP Photo/John Locher). Lebron James makes a layup while playing with high school students during the Lebron James Skills Academy Wednesday, July 9, 2014, in Las Vegas.
(AP Photo/John Locher). Lebron James shoots a free throw while playing with high school students during the Lebron James Skills Academy Wednesday, July 9, 2014, in Las Vegas. (AP Photo/John Locher). Lebron James shoots a free throw while playing with high school students during the Lebron James Skills Academy Wednesday, July 9, 2014, in Las Vegas.
(AP Photo/John Locher). Lebron James smiles during the Lebron James Skills Academy Wednesday, July 9, 2014, in Las Vegas. (AP Photo/John Locher). Lebron James smiles during the Lebron James Skills Academy Wednesday, July 9, 2014, in Las Vegas.
(AP Photo/Tony Dejak, File). FILE - In this Jan. 7, 2014 file photo, Cleveland Cavaliers' Tyler Zeller (40) dunks the ball against the Philadelphia 76ers during an NBA basketball game in Cleveland. (AP Photo/Tony Dejak, File). FILE - In this Jan. 7, 2014 file photo, Cleveland Cavaliers' Tyler Zeller (40) dunks the ball against the Philadelphia 76ers during an NBA basketball game in Cleveland.
  • NationalMore>>

  • Alaska tourist train halts runs after derailment

    Alaska tourist train halts runs after derailment

    Thursday, July 24 2014 4:13 AM EDT2014-07-24 08:13:54 GMT
    A vintage rail company that hauls hundreds of thousands of tourists every year along the route of the historic Klondike Gold Rush has suspended operations while it investigates a derailment that injured nine people.More >>
    A vintage rail company that hauls hundreds of thousands of tourists every year along the route of the historic Klondike Gold Rush has suspended operations while it investigates a derailment that injured nine people.More >>
  • Arizona execution takes nearly 2 hours

    Arizona execution takes nearly 2 hours

    Thursday, July 24 2014 3:41 AM EDT2014-07-24 07:41:42 GMT
    A condemned murderer took nearly two hours to die and gasped for about 90 minutes during an execution in Arizona that quickly rekindled the national debate on capital punishment in the U.S.More >>
    A condemned murderer took nearly two hours to die and gasped for about 90 minutes during an execution in Arizona that quickly rekindled the national debate on capital punishment in the U.S.More >>
  • Colorado gay marriage ban struck, appeal awaits

    Colorado gay marriage ban struck, appeal awaits

    Thursday, July 24 2014 3:32 AM EDT2014-07-24 07:32:56 GMT
    For years, gay rights activists in Colorado repeatedly said it would only be a matter of time before they would be allowed to marry.More >>
    For years, gay rights activists in Colorado repeatedly said it would only be a matter of time before they would be allowed to marry.More >>
By TOM WITHERS
AP Sports Writer

CLEVELAND (AP) - The three-team trade that gave the Cavaliers salary cap space to possibly land LeBron James is official.

The Cavs and Boston Celtics confirmed the deal on Thursday when the NBA moratorium on signings ended.

Cleveland sent guard Jarrett Jack and swingman Sergey Karasev to Brooklyn and center Tyler Zeller and a first-round draft pick to Boston. Cleveland acquired a future conditional second-round pick from the Celtics and the draft rights to forwards Ilkan Karaman and Edin Bavcic from the Nets. The Celtics will get guard Marcus Thornton - and his expiring $8 million contract - from the Nets.

The deal, first reported on Wednesday, is designed to give the Cavs enough room under the salary cap to offer James, the four-time league MVP, a maximum contract ($20.7 million).

James, who met in Las Vegas with Miami president Pat Riley, has not announced where he will play next season. He is scheduled to attend the World Cup final in Brazil this weekend.

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 the max deal - if he decides to sign with Cleveland. James played seven seasons with the Cavs before leaving as a free agent in 2010.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WREX. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Trista Truesdale at (815) 335-7856. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.