Cavs create two trade exceptions through deal
CLEVELAND (AP) -- The Cavaliers have traded forward Mike Miller and center Brendan Haywood to Portland to create salary-cap room and save luxury-tax money.
The Cavs had been shopping Haywood's expiring $10.5 million contract deal for weeks and worked out a deal with the Blazers, who will also get two second-round picks from Cleveland. The Cavaliers officially announced the trade Monday afternoon.
The Blazers are expected to cut Haywood, who barely played for Cleveland last season. Miller was signed last summer, bringing playoff experience and 3-point shooting to the Cavs, but he was hardly used in the playoffs.
The moves will allow the Cavs to create trade exceptions for $10.5 million and $2.85 million to sign players.
Yahoo! and ESPN previously reported the trade.