JULY 2, 8:40am: Shumpert talks between the Cavs and Rockets have “significantly stalled” for now, tweets Shams Charania of The Vertical. Having reached an agreement with P.J. Tucker on Saturday night, Houston now has less of a need for a defensive-minded wing, reducing Cleveland’s leverage.
JULY 1, 3:40pm: The Rockets and Cavaliers are discussing a trade that would send Iman Shumpert to Houston, reports Adrian Wojnarowski of ESPN. According to Brian Windhorst of ESPN (via Twitter), the proposed deal would net the Cavs a draft pick and a trade exception. Shams Charania of The Vertical (Twitter link) classifies the trade talks as “serious.”
Shumpert has been mentioned for weeks as a trade candidate for Cleveland, particularly with the team trying to reduce its potential repeater tax penalties. Sam Amico of AmicoHoops.net reports (via Twitter) that the Cavs have spent much of the day discussing Shumpert deals with various teams.
Houston currently doesn’t have the cap room necessary to absorb Shumpert’s $10,337,079 salary, but the team stockpiled non-guaranteed contracts last week that could be used for salary-matching purposes.
A package of Tim Quarterman, Ryan Kelly, Isaiah Taylor, Shawn Long, and Chinanu Onuaku would theoretically be enough to acquire Shumpert from a cap perspective. Of those players, only Onuaku has a guaranteed salary for 2017/18, so the Cavs could waive the rest and clear approximately $9MM from their cap while creating a sizable trade exception.
According to Wojnarowski, one sticking point in Cleveland’s trade discussions involving Shumpert is his 2018/19 player option — the veteran has thus far been unwilling to waive that option.
Shumpert, 27, averaged 7.5 PPG and 2.9 RPG in 76 games (31 starts) for the Cavs last season, shooting 36.0% on three-point attempts.