The Trail Blazers have made a trade to acquire Cavaliers forward Rodney Hood. The Blazers have been tied to several rumors regarding wings and it appears they finally pulled the trigger on a deal that will bolster their depth on the perimeter.
ESPN’s Adrian Wojnarowski delivered the news of the trade on Sunday.
Portland has agreed to a deal to acquire Cleveland forward Rodney Hood for guards Nik Stauskas, Wade Baldwin and two future second-round picks, league sources tell ESPN.— Adrian Wojnarowski (@wojespn) February 3, 2019
According to the report, the Blazers will send Nik Stauskas, Wade Baldwin IV and a pair of second-round picks to the Cavaliers in exchange for Hood. In an update from Wojnarowski, it was revealed that Cleveland will receive extra second round selections from Portland in 2021 and 2023.
Wojnarowski went on to explain that this move was driven by two main factors: Portland’s pursuit of an offensively gifted forward and Cleveland’s desire to add draft picks.
Hood was one of the more pursued rotation wings on the market and gives Blazers another offensive weapon for a postseason run. Cleveland continues to stockpile draft picks -- with guard Alec Burks likely on deck next for a trade.— Adrian Wojnarowski (@wojespn) February 3, 2019
Prior to the completion of the trade, Hood had to agree to the move to Portland. Hood signed a one-year qualifying offer with Cleveland in the summer—a detail the requires his permission for any trade. Given the Cavaliers 11-42 record, the move for Hood appeared to be fairly obvious.
Hood, a 2014 first-round pick, has started in 45 games for the lowly Cavaliers this season. He is averaging 12.2 points per game on 42.7 percent shooting from the field.
According to ESPN’s Bobby Marks, adding Hood will slightly increase the Blazers’ luxury tax bill. After exchanging the salaries of the players involved, Portland’s bill will move from $12.6 million to $13.3 million.
The immediate roster upgrade in Portland will see the projected luxury tax increase from $12.6M to $13.3M. However, that number could to drop to $12.4M because of the $500K bonus of Maurice Harkless. The forward has an incentive for three-point % > 35... https://t.co/JiAI8jeDGk— Bobby Marks (@BobbyMarks42) February 3, 2019
As noted by Marks, Maurice Harkless’ 3-point percentage will also impact the size of the Blazers’ luxury tax bill.