The Portland Trail Blazers have acquired swingman Rodney Hood from the Cleveland Cavaliers in a three-player trade.
In exchange, the Blazers will send guards Nik Stauskas and Wade Baldwin IV – and their expiring contracts – to Cleveland, along with two future second-round draft picks.
Hood had to agree to the trade because his signing of a one-year, $3.4 million qualifying offer last summer with Cleveland granted him veto rights. He’ll lose his Bird rights in summer free agency, but his enthusiasm for joining the Blazers on a playoff push allowed for his approval of the deal, league sources said. Portland can still re-sign Hood using one of its exceptions.
“Rodney is an accomplished NBA player that brings versatility, shot making and depth to our perimeter and will fit seamlessly into our culture and style of play,” said Portland’s president of basketball operations Neil Olshey.
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The 26-year-old leaves a team near the bottom of the Eastern Conference standings to join a Portland team in fourth place in the Western Conference.
Former first-round pick Hood, who is in his fifth NBA season, has started 45 games for the Cavaliers this season, averaging 12.2 points, just under his career average. He spent three-plus seasons with the Utah Jazz before getting to Cleveland a year ago as part of a three-team deal.
Stauskas, 25, averaged 6.1 points in 44 games this season for Portland. Baldwin, 22, played in 16 games for the Blazers and averaged 1.9 points.
Cleveland have acquired a series of picks for future drafts in trades this season which have seen them move veterans Hood, Sam Dekker, George Hill and Kyle Korver.
It’s little surprise to see Hood on the move, as the Cavaliers have been eager to move any and all veterans they can. While they started out the season with hopes of still competing for one of the final playoff spots in the Eastern Conference even without LeBron James, those plans quickly faded.