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Cavs acquire Magic's Frye in three-team trade

The Cleveland Cavaliers have acquired big man Channing Frye from the Orlando Magic, as first reported by the New York Daily News' Frank Isola. The Cavaliers will send a 2018 first-round pick and big man Anderson Varejao to the Portland Trail Blazers, and the Magic will get Jared Cunningham and a second-round pick, according to The Vertical's Adrian Wojnarowski and USA Today's Sam Amick. Varejao and Cunningham are both expected to be waived.

CBS Sports' Ken Berger confirmed the deal.