FEBRUARY 4: The trade is now official, according to press releases issued by the Blazers and Cavs. According to Cleveland’s announcement, the two picks included in the deal are Portland’s own 2021 and 2023 second-rounders. The Cavs also confirmed they waived Simmons from his 10-day contract to clear the necessary roster spot.
“Rodney is an accomplished NBA player that brings versatility, shot making and depth to our perimeter and will fit seamlessly into our culture and style of play,” Blazers president of basketball operations Neil Olshey said in a statement.
The Cavs must release one player to make the trade work, with 10-day contract guard Kobi Simmons being a potential candidate. Cleveland will continue to explore the market for Alec Burks, who could be on deck for a trade, Wojnarowski adds. J.R. Smith also remains on the roster several weeks after he and the team mutually agreed to part ways.
Hood, 26, had to approve of the trade because he signed a one-year qualifying offer last offseason, as noted by Wojnarowski. He was enthusiastic enough about joining the Blazers to waive his Bird Rights, now focused on helping Portland advance as the postseason nears.
For Portland, Hood is expected to provide bench scoring behind the likes of Damian Lillard and CJ McCollum, currently holding per-game averages of 12.2 points, 2.5 rebounds and two assists. He’ll be a free agent on July 1. The Blazers (fourth in the West at 32-20) also freed up a roster spot with the agreement.
Stauskas and Baldwin join the Cavaliers as two younger guards who will enter unrestricted free agency this July. Baldwin struggled shooting the ball (30% from the floor and 22% from 3-point range) in limited minutes with the Blazers this year, while Stauskas has shot a career-best 42% from the floor and pedestrian 34% from deep on the season.
With the trade, Cleveland has essentially turned Hood, Kyle Korver, George Hill and Sam Dekker into one first-round pick and six second-round picks for the future, ESPN’s Bobby Marks tweets. The first round pick is protected in 2021.
The NBA’s annual trading deadline falls on Thursday, February 7 this year. Today’s deal between the Cavaliers and Blazers is the 10th different trade of the 2018/19 season.
Photo courtesy of USA Today Sports Images.