Cleveland Cavaliers Exchange Trade Joe Harris To Magic To

Harris is in his second year after the Cavs selected him in the second round (No. 33 overall) of the 2014 draft. The Cavs acquired the Portland Trail Blazers’ top-55 protected second-round pick in 2020, while also shipping out the Sacramento Kings’ top-55 protected pick in 2017.

Because the Cavaliers are so deep into the luxury tax, simply leaving the 15th spot on their roster open would save them almost $3.4 million in tax payments.

Former UVA basketball star Joe Harris was traded by Cleveland today to Orlando and was then promptly put on waivers by the Magic.Harris also underwent foot surgery today and is expected to miss 2-3 months, which may not be season-ending as earlier feared.

The Magic will hold a team option on Harris for next season at slightly less than $1 million.

For players who obtain a buyout, Cleveland would have room.

Alternatively, the Cavaliers might use the extra roster spot to sign a player bought out by his team after the trade deadline. Both picks involved in the deal are top-55 protected. Unfortunately the former Hoo only saw five games of National Basketball Association action this year and spent most of the season in the National Basketball Association D League before his foot injury.