NBA Trade Rumors: Dion Waiters, JR Smith, Iman Shumpert, Reggie Jackson

January 5, 2015 Updated: July 18, 2015

A trade has been completed involving the Cleveland Cavaliers sending Dion Waiters to the Oklahoma City Thunder.

The streaky shooting guard started off the season in the starting lineup but has been coming off the bench for a while.

The trade was at first rumored to include Reggie Jackson of the Thunder, but reports later said he’s not involved.

Instead, the Thunder will get Waiters while sending Lance Thomas to the New York Knicks.

The Knicks will send J.R. Smith and Iman Shumpert–both shooting guards–to the Cavs, reported ESPN.

The Cavs will also send end of the bench players Alex Kirk and Lou Amundson and their 2019 second-round pick to the Knicks.

The Cavs will also get a protected future first-round pick from the Thunder, which they plan on using in a future trade, reported Sam Amico of Fox Sports Ohio.

“Sources indicate Cavs plan to use first-round pick they receive from Thunder as part of different trade for big man. That deal not imminent,” he said.

“Cavs remain interested in Nuggets C Timofey Mozgov and Grizzlies C/F Kosta Koufos. Aggressive search for big man has not ended.”

The trade was reported in multiple iterations, one of which had Jackson going to the Cavs.

Steve Popper, a Knicks writer, said that the Knicks are expected to waive Amundson, Kirk, and Thomas.

“Knicks will also get a salary cap exception of nearly $6 million for Smith and $2.5 million for Shumpert,” Popper said.

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