The Jazz have agreed to a pair of trades, according to Shams Charania of ESPN (Twitter links), who reports that Utah will be acquiring point guard Lonzo Ball and two second-round picks from the Cavaliers and is also sending center Jock Landale to the Hawks in exchange for cash considerations.

The two moves are expected to be officially completed as a single three-team transaction, according to Tony Jones of The Athletic (Twitter link).

The Jazz are making their deal with Cleveland solely for the draft capital and are expected to waive Ball after the trade is complete, Charania adds (via Twitter). Once he clears waivers, he’d be eligible to sign with any team except the Cavs.

The Cavaliers acquired Ball from Chicago last summer in a swap for Isaac Okoro in the hopes that he could provide the team with a reliable replacement for Sixth Man of the Year finalist Ty Jerome, who departed in free agency. However, Ball had a disappointing season in Cleveland, averaging career lows in several categories, including points (4.6) and minutes (20.8) per game, as well as field goal percentage (30.1%) and three-point percentage (27.2%).

With the Cavs making an effort to reduce payroll and perhaps duck below the second tax apron, moving Ball and his $10MM salary made sense, especially after the team acquired guards Dennis Schröder and Keon Ellis from Sacramento over the weekend.

The Cavs will save approximately $65MM as a result of the Ball trade and are now just $3.9MM over the second apron, tweets Yossi Gozlan of The Third Apron. Cleveland may very well keep looking for ways to get out of second-apron territory in order to avoid having its 2033 first-round pick becoming “frozen” for trade purposes this offseason, but the club has already generated massive savings as a result of its recent moves — approximately $115MM in total, per Gozlan (Twitter link).

Utah, meanwhile, still had a significant amount of breathing room below the luxury tax threshold after adding to their payroll in Tuesday’s Jaren Jackson Jr. blockbuster and will take advantage of that flexibility to take on some unwanted salary and acquire the Cavs’ 2028 and 2032 second-round picks in the process, tweets Jake Fischer of The Stein Line. Those were the only second-rounders Cleveland had available to trade.

The Jazz still have a trade exception worth more than $12MM from last summer’s John Collins deal that they’ll use to absorb Ball’s pseudo-expiring contract (he has a $10MM team option for next season that will be automatically declined when he’s waived). That Collins exception was initially worth over $26MM and has since been used to acquire Georges Niang and John Konchar as well.

Landale was one of three role players the Jazz acquired alongside Jackson in Tuesday’s blockbuster with Memphis, but he wasn’t part of Utah’s future frontcourt plans and will now head to Atlanta.

The 30-year-old Australian center was having a career year for the Grizzlies prior to the trade, averaging 11.3 points, 6.5 rebounds, and 1.7 assists in 23.6 minutes per game across 45 outings (25 starts). He was also knocking down 38.0% of a career-high 2.9 three-point tries per game. He’ll provide frontcourt depth for a Hawks team that has been hit hard by injuries up front this season.

The Hawks will have to waive a player in order to make room for Landale, but that shouldn’t be a problem — both Duop Reath and N’Faly Dante are out with season-ending injuries and are candidates to be cut. They’ll be able to take on Landale without sending out any salary of their own since he’s on a minimum-salary contract.

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