The Cleveland Cavaliers are finalizing a deal to send Jefferson and Kay Felder to the Atlanta Hawks, according to ESPN’s Adrian Wojnarowski.
The Cavaliers are also sending the Hawks multiple second round picks and cash in the deal, which saves Cleveland roughly $12 million in luxury taxes.
The 37-year-old Jefferson will be released by the Hawks once the trade is official, allowing him to become a free agent once he clears waivers, Wojnarowski reports.
The former Arizona Wildcat is in the second year of three-year, $7.