Report: Cavaliers, Pacers Agree to Trade Involving Caris LeVert, Ricky Rubio

The two sides reached a deal before this week's trade deadline.

The Cavaliers and the Pacers have reportedly agreed to a trade for Caris LeVert in exchange for Ricky Rubio and picks, according to ESPN’s Adrian Wojnarowski. 

Cleveland will land LeVert in addition to a 2022 second-round pick via Miami. Indiana will receive Rubio, a lottery-protected 2022 first round-pick, a 2022 second-round pick via the Rockets and a 2027 second-round pick via the Jazz.

Full trade: Indiana sends Caris LeVert and a 2022 second-round pick via Miami to Cleveland for Ricky Rubio, lottery-protected 2022 first-round pick, 2022 second-round pick via Houston and a 2027 second-round pick via Utah, per sources.

— Adrian Wojnarowski (@wojespn) February 6, 2022

Rubio is on an expiring $17.8M contract.

The $8.9M Disabled Player Exception for Cleveland is now voided.

LeVert has two years left: $17.5M and $18.8M.

He is extension eligible this offseason. https://t.co/hvcG8ozC06

— Bobby Marks (@BobbyMarks42) February 6, 2022

LeVert, a Columbus native, will return to his home state and provide a streaking Cavs team with a talented scoring wing. In 39 games with the Pacers this season, he’s averaging 18.7 points and 4.4 assists per contest, shooting 44.7% from the floor and 32.3% from beyond the arc.

Indiana will receive a veteran point guard in Rubio, who was in the midst of a strong season before tearing his ACL in late December. He’s expected to miss the remainder of the campaign and is in the final year of a three-year $51 million contract.