The Cleveland Cavaliers have acquired big man, Channing Frye in a three-team trade right before Thursday’s trade deadline. The acquisition brings Cleveland anotherÂ shooter on the perimeter and also saves the team more than $10 million in payroll and taxes this season, sources confirmed to ESPN.
The Cavs moved LeBron’s reportedly favorite teammate in Anderson Varejao, as he heads to Portland. Once the deal is completeÂ the Blazers plan to waive Varejao, according to ESPN. He is owed $9.7 million this year, $9.3 million in 2016-17 and $4.5 million from his partially guaranteed deal in 2017-18. Varejao has a 5 percent trade kicker that will be worth an extra $626,825.
Cavs GM, worked his magic with this deal as the transaction creatively was worked to make mathematical sense. Th eCavaliers created a new trade exception of $9.6 million and they canÂ absorb Frye’s $8.2 million salary directly in a $10.5 million trade exception that they already have.
With Kevin Love already on the roster it is not clear why Cleveland felt the need to add another stretch four, that lacks defense. Frye is 6-foot-11 but is most comfortable on the perimeter. Prior to this trade he was averaging 5.2 points and 3.2 rebounds in his second season in Orlando. His best seasons came with Phoenix, where he averaged 11.4 points and 5.7 rebounds in four seasons. He is a career 38.7 percent shooter from 3-point range.
What are your thoughts on this deal for the CAVS?