After re-signing Matthew Dellavadova, per Dave McMenamin of ESPN, the Cleveland Cavaliers also finally shipped out Brendan Haywood and his non-guaranteed contract. Now it's time to move along the rest of their offseason plans.
Haywood and Mike Miller are now technically the property of the Portland Trail Blazers, traded with a pair of second-round draft picks for two trade exceptions, according to Adrian Wojnarowski of Yahoo Sports. The Haywood exception is worth $10.5 million, while Miller's is valued at $2.85 million.
Trade exceptions don't impact luxury tax payments. With the Cavs well into tax territory, it's possible this was a purely financial move.