Cavs clear more cap space in hopes of signing LeBron James

Cavs clear more cap space in hopes of signing LeBron James
July 9, 2014, 10:15 am
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CSN Staff

The city of Cleveland is getting its hopes up regarding LeBron James.

[RELATED - Report: LeBron James narrows choices to Heat, Cavaliers]

The Cavaliers pulled off a trade Wednesday morning to clear cap space to sign LeBron, as reported by Yahoo's Adrian Wojnarowski and ESPN's Brian Windhorst:

 

 

 

 

 

More from ESPN's Marc Stein:

According to ESPN's Tom Penn, the trade sheds $9.5 million in salary (Jack, $6.3 million; Zeller, $1.7 million; Karasev, $1.5 million), giving the Cavaliers $21.7 million in cap space.

 

The trade can't be officially consummated until Thursday, when a league-wide moratorium on signings and trades is lifted at 12:01 a.m.

In a word: wow.

This "LeBron returns to Cleveland" thing may become a reality, after all.

Stein had another interesting wrinkle in the developing story:

 

 

So does that mean LeBron and Melo are not going to be teaming up in either Miami or New York?

[MORE - Projecting Carmelo Anthony's future with each team]

Stay tuned. The world's best reality show is certainly not over.