Report: Cavs look to use Varejao trade exception

Carmelo Anthony may have to start camp with the Knicks, after all.

Matt Medley

Matt Medley covers Ohio State basketball for AmicoHoops and various local sports for other outlets around Northeast Ohio.

Follow @MedleyHoops on Twitter.

According to Joe Vardon of Cleveland.com, the Cleveland Cavaliers hope to use a trade exception created by the deal that sent Anderson Varejao to Portland one year ago.

The trade exception, which expires Monday, is now worth approximately $4.4 million. The Cavs used about $5.4 mil. of the exception to acquire Kyle Korver in January.

Vardon named Utah Jazz point guard Shelvin Mack as one of the players the Cavs have discussed acquiring. Mack makes $2.4 mil. and has fallen out of Utah’s rotation in recent weeks. The Cavs own a separate trade exception worth $947,000, which also expires Monday.

Vardon also revealed the Cavs “have not ruled out” trading for Carmelo Anthony.

For the Cavs to pull off a trade with the Knicks, it’s likely a third team would have to be involved to make the salaries work.

Cleveland’s front office could be waiting to see how desperate Phil Jackson and company become to move Melo by the deadline. According to Vardon, the Cavs are unwilling to trade Kevin Love for Anthony.

For now, it appears the pursuit of a backup point guard will continue to be the more realistic target for Cleveland, but the Anthony rumblings are worth monitoring in the days leading up to the deadline.

About the Author

Matt Medley
Matt Medley covers Ohio State basketball for AmicoHoops and various local sports for other outlets around Northeast Ohio. Follow @MedleyHoops on Twitter.

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