Shawne Williams

NBA report: Cavaliers trade Richard Jefferson, Kay Felder to the Hawks

NBA report: Cavaliers trade Richard Jefferson, Kay Felder to the Hawks

The Cleveland Cavaliers are trading Richard Jefferson and Kay Felder to save money.

Cleveland 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 were both on Cleveland's bench for...

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