After the Clippers appeared to be the early favorites to acquire the stretch big man, Cleveland managed to get a three-team deal done involving Portland.
Frank Isola of the New York Daily News is reporting a three-team deal with Orlando, Cleveland, and Portland. Cleveland will acquire Channing Frye from Orlando, and Orlando will receive Anderson Varejao, who will then be moved to Portland for an expiring contract and a draft pick. CBS Sport's Ken Berger has noted that the pick is likely a second rounder, and the player moving to Orlando will likely be waived.