The Hawks are expected to waive Jefferson and Felder and keep the two second-round picks. This move saves the Cavaliers over $14 million in luxury tax fees.
"Certainly, both RJ and Kay are two guys we also wanted to have here with us this season", Altman said.
Jefferson was set to make $2.5 million next season. The 2019 pick will be the lesser pick from the Minnesota Timberwolves and Los Angeles Lakers that had been owed to the Cavaliers, and the 2020 pick is from the Portland Trail Blazers. "The 16-year veteran originally signed with the Cavaliers on August 5, 2015".
The Cleveland Cavaliers trimmed their roster Saturday ahead of the upcoming National Basketball Association season, trading forward Richard Jefferson and guard Kay Felder to Atlanta while releasing center Kendrick Perkins and guard Isaac Hamilton. Felder, a 54th overall pick by the Hawks in 2016, played 42 games for the Cavaliers last season, averaging 4.0 points, 1.0 rebounds and 1.4 assists in 9.2 minutes of play per outing.
Cavs general manager Koby Altman thanked Jefferson for being a part of the 2016 championship team in a conversation Friday evening explaining the trade, according to a source.
Apparently it wasn't too soon after all, Channing Frye. Jefferson spent the last two years with the Cavaliers, averaging 5.7 points and 2.6 boards in 79 games as a reserve last season.
"It's a tough situation, and I haven't gotten everything figured out yet, but you know, these are the hard times of being a coach", Lue said.
Derrick Rose, who joined the team this offseason, said he was unaware Jefferson and Felder had been traded.