Reports: Cavaliers trade Dion Waiters to Thunder in three-team blockbuster

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The Cleveland Cavaliers, Oklahoma City Thunder and New York Knicks have agreed to the framework of a trade that would send guard Dion Waiters to the Thunder, guards J.R. Smith and Iman Shumpert and a future first round pick to the Cavaliers, and a future second round pick to the Knicks. Yahoo Sports, ESPN and reported the deal.