7:21pm: The Cavaliers have officially announced the deal, per a team press release.
7:16pm: Out of the three players heading to Cleveland, Minnesota actually had some interest in Murphy after he was waived by the Bulls last season, tweets Jerry Zgoda of the Star Tribune.
7:03pm: The pick that Utah will receive in the deal will be a 2015 second rounder from Cleveland, tweets Aaron Falk of the Salt Lake Tribune.
6:21pm: According to one Cavs source, Cleveland likes Lucas, Thomas, and Murphy and doesn’t necessarily view them as stepping stones to a bigger deal, tweets Jason Lloyd of the Akron Beacon Journal.
6:00pm: The Jazz are expected to trade the non-guaranteed contracts of John Lucas III, Malcolm Thomas, and Erik Murphy to the Cavaliers for Carrick Felix, a future second rounder, and $1MM, a source tells Adrian Wojnarowski of Yahoo Sports. Felix’s contract is guaranteed for $816K in 2014/15, whereas Lucas III, Thomas, and Murphy combined for roughly $3.3MM in non-guaranteed deals for the upcoming season. Wojnarowski adds that Cleveland had been looking to make this type of deal recently in order to help facilitate a trade for Timberwolves star Kevin Love (Twitter links).
Minnesota has been determined to unload Kevin Martin and J.J. Barea in a deal involving Love, says Wojnarowski, who also notes that the Cavs would have to find a third team in order to make it work. Nonetheless, whether Lucas, Thomas, and Murphy’s contracts are used to bring the former UCLA big man to Ohio or are included in a separate trade, this deal at the very least has given Cleveland some “buying power” (Twitter links).