It was announced on Wednesday, initially by ESPN's Adrian Wojnarowksi, that the Utah Jazz traded Alec Burks and a pair of second round picks to the Cleveland Cavaliers in exchange for former Jazzman Kyle Korver.
While Smith had been sitting out Cleveland's last several games and will continue to sit out until he's traded, Korver had remained in the Cavaliers' rotation.
Watch FOX 13 for updates. Korver, 37, has been one of the most pursued available players on the trade market. Korver previously played three seasons with the Jazz, when the 76ers traded him during the 2007-08 season. However, I'm not sure anybody saw a change coming this quickly, yet here we are.More news: Clooney's set to become Prince Harry, Meghan's first-born child's godparents?
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The Cavs also receive an asset in Burks' expiring contract worth $11.2 million, something they might be able to use in another deal.
The Jazz have been a disappointment so far, and Korver fills the club's need for an outside shooter. Entering the Brooklyn game, Utah ranked No. 29 throughout the 30-team league in 3-point shooting percentage (31.9). "I think everybody was a little bit surprised".
Korver has made 2,238 career 3-pointers, fourth-most in National Basketball Association history and tops among current players. The 37-year-old is making $7.56 million this season and is set to make $7.5 million next season.
In 16 games this season with the Cavs, Kyle Korver averaged 6.8 points, 1.8 rebounds and 1.1 assists per game while shooting 46.1 percent from the field, 46.3 percent from beyond the arc and 81.3 percent from the free-throw line.