picked up guards Iman Shumpert and J.R. Smith from the
and a protected 2015 first round pick from the
. In exchange, the Cavs will send guard Dion Waiters to the Thunder. The team will also send Lou Amundson, Alex Kirk and the 2019 second round pick to the Knicks.
The trade comes after Waiters was pulled from tonight's game against Philadelphia.
In a statement, Cavs general manager David Griffin said, "We wish Dion the best as he continues his career with the Thunder and thank him for his effort and work here with the Cavaliers. Dion is a talented player with potential ahead of him. Trades like this are always difficult to make because there are relationships and bonds built and that was the case with Dion. At the same time, we're very excited to welcome Iman and J.R. to Cleveland. With their size and versatility, we think both Iman and J.R. can help our team on both ends of the court and we look forward to them joining us."
Lebron James included Waiters' name in his return letter to Cleveland. In the past, there were reports that Waiters and Kyrie Irving could not coexist.