According to Wojnarowski (via Twitter), Cleveland is sending three unprotected first-round picks and two pick swaps to Utah as part of the deal. Lauri Markkanenfirst-round pick Ochai Agbajiand Collin Sexton are also headed to the Jazz in the blockbuster trade, reports Chris Haynes of Yahoo Sports (Twitter link).
Sexton is a restricted free agent, so he’ll need to be signed-and-traded as part of the agreement. His new deal with the Jazz will be worth $72MM over four years and will be fully guaranteed, according to Shams Charania of The Athletic (Twitter links).
The three first-round picks going to Utah will be in 2025, 2027, and 2029, since Cleveland already owes its lottery-protected 2023 first-rounder to Indiana, according to ESPN’s Bobby Marks. tweets. The Jazz will have the ability to swap first-rounders with the Cavs in 2026 and 2028, tweets Wojnarowski.
John Gambadoro of Arizona Sports 98.7 first identified the Cavaliers last week as a team with interest in Mitchell, and Ian Begley of SNY.tv subsequently reported that Cleveland had “touched base” with Utah about the three-time All-Star guard.
Still, today’s news comes as a major surprise. Begley reported last Friday that the Cavs were removing themselves from the Mitchell negotiations, while Brian Windhorst of ESPN said Cleveland had made it clear to the Jazz in their earlier discussions that Darius Garland, Evan Mobleyand Jarrett Allen weren’t on the table. That seemingly made it difficult for the Cavs to meet Utah’s asking price.
However, the Cavs’ package will include most of the other noteworthy assets at their disposal, including all their tradable first-round picks, this year’s No. 14 overall selection (Agbaji), and Sexton, who is just one year removed from averaging 24.3 PPG and 4.4 APG on .475/.371/.815 shooting in 60 games (35.3 MPG).
With a core of Mitchell, Garland, Mobley, and Allen, the Cavs will be led by a pair of star duos — an offensively-minded pairing in the backcourt and a rim-protecting duo in the frontcourt.
All of those cornerstone players will be under contract for several years. Garland signed a new five-year extension this offseason, Mobley’s rookie contract runs through 2025, Allen is in the second year of a five-year contract, and Mitchell is locked up through at least the 2024/25 season (he has a player option for ’25/26).
The Knicks had long been viewed as the frontrunners for Mitchell, but they were never willing to offer more than that two unprotected first-round picks (in addition to other protected first-rounders), per Jake Fischer of Bleacher Report (Twitter link). Unprotected first-round picks and swaps had been the trade chips that Danny Ainge and the Jazz coveted most, as was the case when they acquired a similar return in exchange for Rudy Gobert earlier this summer.
The Knicks and Jazz reportedly reached an impasse earlier this week when the Knicks set an informal Monday night deadline to either agree to a Mitchell trade or extend RJ Barrett, who was being discussed as a possible centerpiece in several permutations of a Mitchell deal. New York ultimately decided to sign Barrett to an extensionwhich complicated salary matching in a potential trade due to the poison pill provision and brought those trade talks to a temporary halt.
While there was an expectation that the Knicks and Jazz would reengage in the coming weeks, their impasse opened the door for the Cavs general manager. Koby Altman to circle back to Utah general manager Justin Zanikaccording to Wojnarowski, who says (via Twitter) that the two teams “reassembled” a deal they’d been discussing in previous weeks.
More to come…