The Cleveland Cavaliers have agreed to trade Denzel Valentine to the Los Angeles Lakers to acquire Rajon Rondo, sources told ESPN's Adrian Wojnarowski on Friday.
The Lakers are expected to waive Valentine's partially guaranteed deal and create an open roster spot.
Rondo is eager for the chance to play a bigger role with an ascending Cavaliers team in the absence of Ricky Rubio, sources said. He has been positive on the deal since it was presented to him as an option Thursday.
Rubio was lost for the season after suffering a torn ACL in his left knee on Tuesday.