Cavs trade Richard Jefferson, Kay Felder to Hawks

Reports: Cleveland Cavaliers agree to trade Richard Jefferson, Kay Felder to Atlanta Hawks

According to ESPN's Adrian Wojnarowski, the Cavs have finalized a deal to send veteran forward Richard Jefferson - along with guard Kay Felder and two second-round picks - to the Atlanta Hawks in exchange for the draft rights to an unnamed European prospect. Jefferson was set to earn $2.5 million this season and Felder $1.3 million. The Cavaliers will have one year to use them.

Both players will become free agents after clearing waivers.

The Cavs selected Felder out of Oakland in the second round of the 2016 NBA Draft.

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The trade came as no surprise because Jason Lloyd of The Athletic and Sam Amico of AmicoHoops.com reported earlier that the Cavaliers might cut or ship Jefferson to another squad [VIDEO]. This move saves the Cavaliers over $14 million in luxury tax fees. Jefferson, 37, played two seasons in a reserve role with the Cavaliers, but served as a key contributor during the team's comeback from a 3-1 deficit in the 2016 Finals.

Jefferson also played for the Milwaukee Bucks, San Antonio Spurs, Golden State Warriors, Utah Jazz and the Dallas Mavericks.

Appearing in 79 games a season ago, Jefferson averaged 5.7 points and 2.6 rebounds while shooting 44.6 percent from the field and 33.3 percent from three in 20.4 minutes per game. In 42 appearances with Cleveland last season, he averaged 4.0 points per game while also splitting time with the Canton Charge.

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