The trade also includes the Celtics. The Cavaliers will send guard Sergey Karasev to the Nets and center Tyler Zeller to Boston, and the Nets will trade guard Marcus Thornton to the Celtics. Boston will also acquire a first-round draft pick from Cleveland, Stein reports.
The deal allows Cleveland to open up more salary cap space as they try to lure James. Jack has three years remaining on his contract at $6.3 million per season.
The Nets find a replacement for point guard Shaun Livingston, who agreed to sign with the Golden State Warriors earlier this month.
- Paul Palladino