Cleveland — Their roster overloaded, the Cavaliers are trading Richard Jefferson and Kay Felder to save money.
Cleveland has agreed to send Jefferson, Felder, two second-round draft picks and $3 million to the Atlanta Hawks in a move that will allow the Eastern Conference champions to avoid paying $12 million in luxury tax penalties, a person familiar with the deal told The Associated Press on Friday.
In return, the Cavs will get the rights to two overseas players, according to the person who spoke on condition of anonymity because the league still has to approve the transaction. The deal could be completed later Friday or Saturday morning.
Jefferson and Felder (Oakland) were both on Cleveland’s bench for Friday night’s exhibition finale at Orlando.
Cleveland’s roster filled up quickly after the club signed Dwyane Wade, Derrick Rose, Jeff Green and Jose Calderon during the offseason. The Cavs needed to clear two roster spots before Tuesday’s season opener and they’ve been looking for a team to do business with for several weeks.
The 37-year-old Jefferson spent two seasons with Cleveland, which signed him as a free agent in 2015. He was a key contributor during the 2016 championship season, coming off the bench to provide an offensive spark. He appeared in 79 games last season, averaging 5.7 points in 20.4 minutes.
Felder was selected in the second round of the 2016 draft. He played in 42 games for Cleveland last season, averaging 4.0 points.
Any chance Felder had of working his way into the rotation ended when the Cavs signed Rose and Calderon, who will handle the team’s point guard duties while Isaiah Thomas recovers from a back injury.
Report: WNBA job for Laimbeer
A person with knowledge of the deal says that former Pistons player and Shock coach Bill Laimbeer will be the new coach and general manager of the San Antonio Stars after the team is sold and relocated.
The person spoke to The Associated Press on condition of anonymity Friday night because the team has not announced Laimbeer’s hiring.
The Stars announced Thursday on social media that the team was in negotiations to be bought and moved. The buyer is based in Las Vegas, another person with knowledge of the sale told the AP on Thursday. That person spoke on condition of anonymity because neither the team or the WNBA have disclosed information about the buyer.
Laimbeer had been the head coach for the New York Liberty the previous five seasons.
WNBA spokeswoman Dina Skokos confirmed in a statement Thursday that there are ongoing talks of a sale but provided no details of the negotiations.
Skokos says “Once those discussions are concluded we will provide additional information.”