The Portland Trail Blazers have acquired Brendan Haywood and Mike Miller in a trade with the Cleveland Cavaliers.
The trade was first reported by Adrian Wojnarowski of Yahoo! Sports.
The Blazers will receive two second rounders from the Cleveland Cavaliers, according to Jason Lloyd of the Akron Beacon Journal. Portland will get the more favorable second round pick in 2019 and will also get Cleveland’s second rounder in 2020.
This deal was an asset-grab for the Blazers, adding a couple more second rounders to their war chest.
Haywood has a non-guaranteed $10.5 million contract and Miller has a guaranteed $2.8 million deal in place.
The Blazers can, and likely will, waive both players.
Guaranteeing Haywood’s contract would take the team much closer to the salary floor, however. Portland is still $20 million below the minimum salary, which it must meet before the end of next season or the team splits the difference with the other players on the roster.
Haywood’s deal is non-guaranteed and the Blazers can waive him, by Aug. 1, at the cost of nothing.
Miller’s salary for next season of $2.8 million is guaranteed. But the Blazers can buy him out at a low price and keep building around their young nucleus.
The Blazers have 18 players on the roster, but they have several players whose deals become fully guaranteed on Aug. 1.
