The Cleveland Cavalieres officially announced the trade that would bring guard/forward Mike Dunleavy to Cleveland in exchange for the rights to Albert Miralles. The Cavs acquired a trade exception and Miralles in a trade just hours ago that sent Matthew Dellavedova to Milwaukee.
#Cavs announce deal that brings G/F Mike Dunleavy to CLE (along w/rights to Vladimir Veremeenko) in exchange for rights to F Albert Miralles
— Joe Gabriele (@CavsJoeG) July 8, 2016
Cavs announce Mike Dunleavy trade from Bulls. It's official.
— Jason Lloyd (@JasonLloydABJ) July 8, 2016
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Dunleavy will be a very valuable asset, and one that the Cavs have long sought. LeBron James has spoken highly of Dunleavy, and career 38% three-point shooter brings exactly what the Cavs needed this offseason: defense and shooting.
#Cavs Mike Dunleavy has shot threes at 37.6% during his 14 yr NBA career…
Over the last 6 seasons, he's nailed them at 40.2%.#CavsRadio
— John Michael (@CavsJMike) July 8, 2016
The Cavs do have a couple trade exceptions that expire at the end of this month, as well as the $9.6 million exception from the Anderson Varejao trade last February.