CLEVELAND, Ohio — The Cleveland Cavaliers have agreed to a trade sending Rodney Hood to the Portland Trail Blazers for Nik Stauskas, Wade Baldwin and a pair of second-round picks, league sources told cleveland.com Sunday afternoon.
According to league sources, the Cavs will receive Portland’s 2021 and 2023 second-round selections, both of which are unprotected. Stauskas and Baldwin are both on expiring contracts.
Hood, who had veto power over any deal because he signed a one-year $3.4 million qualifying offer this summer, has signed off on the trade.
League sources told cleveland.com Saturday night that Hood, one of the most coveted wings on the trade market, would only waive his no-trade for a playoff contender that provides a clearly-defined role. The Blazers fit both parameters, as they have been seeking another offensive option to take pressure off Damian Lillard and CJ McCollum.
The Blazers have the fourth-best record in the Western Conference.
Stauskas, a 2014 first-round pick of the Sacramento Kings, is averaging 6.1 points on 41.9 percent from the field and 34.4 percent from 3-point range in 44 games during his first season with the Blazers. He signed a one-year minimum deal this summer.
A first-round pick of the Memphis Grizzlies in 2016, Baldwin, 22, has been in Portland the last two seasons. He has appeared in just 23 games over the past two years, spending some of his time with the G League’s Texas Legends.
The Cavs entered the season hoping to stockpile future assets for veterans who didn’t fit the team’s long-term plans. They have now added seven draft picks, including one first-rounder, in separate deals for Hood, Kyle Korver, Sam Dekker and George Hill.
Cleveland, which has received plenty of interest in Alec Burks since acquiring him from Utah in late November, is still fielding calls on Burks ahead of Thursday’s 3 p.m. deadline. The Cavs are also still trying to find a deal involving exiled swingman JR Smith.
Hood, 26, was Cleveland’s fifth-leading scorer, averaging 12.2 points in 45 games.