The city of Cleveland is getting its hopes up regarding LeBron James.
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:
As @ESPNSteinLine reports, Cavs unload Jack/Zeller/Karasev in 3-way. Asked Cavs official: Still in it for James? "I believe so," he says.— Adrian Wojnarowski (@WojYahooNBA) July 9, 2014
In three-way deal, Brooklyn gets: Cleveland's Jarrett Jack and Sergey Karasev.— Adrian Wojnarowski (@WojYahooNBA) July 9, 2014
In 3-way, Cavs get: Draft rights to Nets prospects: Karaman/Drejer/Bavcic. And cap space -- more than the $20.7M needed -- to sign James.— Adrian Wojnarowski (@WojYahooNBA) July 9, 2014
3-team trade involving Cavs, Celtics & Nets could allow Cavs to open about $24M in cap space. LeBron max is $20.7M— Brian Windhorst (@WindhorstESPN) July 9, 2014
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:
My man @Chris_Broussard reports that Cavs, in addition to clearing space for their LeBron pursuit, also after Ray Allen to appeal to Bron— Marc Stein (@ESPNSteinLine) July 9, 2014
Stay tuned. The world's best reality show is certainly not over.