Former UVA basketball star Joe Harris was traded by Cleveland today to Orlando and was then promptly put on waivers by the Magic.Harris also underwent foot surgery today and is expected to miss 2-3 months, which may not be season-ending as earlier feared.
The trade is a cost-cutting move by Cleveland since his salary put the Cavaliers over the luxury tax and would cost the team $4-$5M, according to reports. Orlando is still responsible for the rest of his salary, which is $845K for this season.