• The Cavs have traded Richard Jefferson and Kay Felder to the Hawks for the rights to European players Sergii Gladyr and Dimitrious Agravanis.

    The Cavs are also sending two future second-rounders to Atlanta in the deal and have trimmed their roster down to 15 ahead of opening night. It also saves Cleveland $12.8 million in luxury tax penalties while creating a pair of trade exceptions. The Hawks will waive both Jefferson and Felder, who will hit free agency once they clear that step of the process. As for the prospects headed to Cleveland, Agravanis was taken 59th overall in 2015 and currently plays for Olympiacos while Gladyr was selected 49th overall back in 2009. Gladyr is a longshot to ever see the NBA but Agravanis at least has a chance.

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