J.R. Smith and Iman Shumpert reportedly headed to Cavaliers in three-team deal 

Smith (# 5) and Shumpert (#4) are the new members of the Cavs

Trying to lift their status from pretender to contender, the Cleveland Cavaliers traded their former #4 pick, Dion Waiters to the Oklahoma City Thunder in a three-way deal. The deal sends Waiters to the Thunder; Alex Kirk, Lou Amundson and a 2019 second round pick to the Knicks in exhange for J.R. Smith and Iman Shumpert. Meanwhile, the Thunder will give the Cavs a future first round pick and send Lance Thomas to the Knicks. This deal benefits the Knicks the most since it is a salary dump ($ 6.4 million is owed to Smith next season) to clear cap space.

Source of photo: bleacherreport.com