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Blazers Acquire Anderson Varejao In 3-Team Trade

The Cavaliers have been looking to execute a salary dump, and the Portland Trail Blazers have stepped in.

Troy Taormina-USA TODAY Sports

Sam Amick of USA Today reports that the Portland Trail Blazers have acquired Cleveland Cavaliers center Anderson Varejao in a 3-team trade. The Cavaliers have acquired Channing Frye from the Orlando Magic. More details to follow:

The Blazers were first linked to Varejao by Frank Isola of the New York Daily News.

UPDATE

Frank Isola, David Aldridge, Dave McMenamin, Adrian Wojnarowski, Marc Stein, Shams Charania, Bobby Marks, and Steve Kyler follow up with more details:

According to The Columbian's Erik Gundersen, Cleveland's first round pick is top-10 protected for 2018 and 2019, and is then converted to two second-rounders if the transaction has not completed.

Supposing this all plays out as anticipated, the Blazers have essentially used cap space and a second round pick to acquire a 2018 first round pick. Backup point guard Tim Frazier was a casualty. However, per the NBA's "Stepien rule," the Cavaliers cannot trade first round picks in consecutive years. Because of the protections on their picked owed to Phoenix in 2016, it is unclear how they can trade their 2018 pick, since that may require them to trade back-to-back years.

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