JANUARY 6, 2:11pm: The Cavs are shipping out Mo Williams as part of the deal, Jason Lloyd of the Akron Beacon Journal confirms (Twitter link).
JANUARY 6, 9:08am: The Hawks and Cavs are working on finding a third team for Dunleavy, Adrian Wojnarowski of The Vertical tweets. If they can’t find a taker, Atlanta will keep the small-forward.
JANUARY 5, 8:13pm: The trade has not yet been finalized, but the way things appear to sit now involve the Cavaliers sending Mike Dunleavy Jr. and a 2019 first-round pick to the Hawks in exchange for Kyle Korver. It’s also been reported that Dunleavy could be flipped to a third team prior to Friday’s trade call. Earlier updates had Mo Williams and possibly Cedi Osman involved.
In a separate trade, the Cavaliers are sending their 2017 first-round pick to the Trail Blazers in order to re-acquire their own 2018 first-round pick that, per The Oregonian’s Tim Brown, they gave up in the Anderson Varejao deal last February.
JANUARY 5, 7:36pm: According to Brian Windhorst of ESPN, the Cavaliers have also made a separate trade with the Trail Blazers. They’ll trade their 2017 first-round pick to Portland in order to get their 2018 first-round pick back. He also tweets that Cleveland’s 2019 first-round pick will be on its way to Atlanta.
JANUARY 5, 7:28pm: Wojnarowski now reports that the Cavs will send Mike Dunleavy Jr. to the Hawks and that he’ll likely move on to a third team, though it’s not clear what team that will be. Dunleavy Jr. makes $4.8MM this season, with a team option for next season.
JANUARY 5, 7:15pm: Eric Pincus of Basketball Insiders tweets that he hears that the retired – but still tradable – Mo Williams is Atlanta-bound, along with a heavily protected first-round pick from the Cavaliers. He also confirms on Twitter, that the Cavs can absorb Korver’s salary if they wish, via the Anderson Varejao trade exception.
JANUARY 5, 7:08pm: According to Hawks beat writer Chris Vivlamore of the Atlanta Journal-Constitution, the Hawks hadn’t confirmed the deal as of 6:47pm CST, but coach Mike Budenholzer had pulled Korver aside. Vivlamore adds that a Cavaliers executive was in Atlanta last week to watch the sharpshooter. Finally, Vivlamore tweets that Cedi Osman could be among the package going to Atlanta. The 2015 second-round pick is currently playing in Turkey.
JANUARY 5, 6:56pm: The Cavaliers are finalizing a deal that will land them Kyle Korver, tweets Adrian Wojnarowski. While the exact terms being discussed aren’t currently available, what’s known now is that wheels are in motion for the 35-year-old veteran to join the reigning champions.
Over the course of the last five years with the Hawks, Korver has established himself as an elite deep threat and was even named to the All-Star team in 2015. He’ll now join a Cavaliers team that’s seen three-point specialists like Channing Frye and J.R. Smith thrive thanks to the spacing created by its stars.
Korver is on the final year of a contract worth $5.3MM and while the Cavaliers are currently well over the cap, it’s worth noting that they hold four outstanding trade exceptions, including one worth $9.6MM that is set to expire in February.
According to Justin Verrier of ESPN, as of 6:52pm CST, Korver was still warming up on the court prior to Atlanta’s Wednesday night game against New Orleans.