ORLANDO, Fla. -- The Cleveland Cavaliers have agreed to the deal that will send Steve Kerr to the Orlando Magic in exchnage for Chirs Corchiani and a second-round draft pick, The teams are waiting only for the league to give salary-cap approval today before announcing the trade.
Kerr said from his Cleveland-area home yesterday that the deal had been completed and he expects to join the Magic on their West Coast trip that begins tonight in Seattle.
"It's tough to leave Cleveland, because I've made a lot of friends here, but Orlando is going to be a real good team," he said. "Playing with Shaquille O'Neal is going to be fun."
Magic officials would not confirm that a deal had been reached, although one Magic source who requested anonymity said that the restructuring of Kerr's contract was the only thing holding up the announcement.
Because the Cavaliers are overloaded with guards, they are expected to trade Corchiani immediately.
Kerr, who can play either guard position, is the NBA's all-time three-point field-goal percentage leader (.475). He is expected to provide the Magic with some scoring punch in a reserve role.
Although the Magic opened with the best start in franchise history, it has gotten little offensive production from its reserves. Four of five starters are averaging at least 15 points, but none of their non-starters is averaging more than 5.8 points.
Kerr is in the last year of a contract paing him $570,000. Although the Magic is over the salary cap of $14.5 million, it can fit Kerr, with some adjustments, into the $550,000 exception slot that was left behind when Stanley Roberts was traded to the Los Angeles Clippers.