ESPN first reported the swap.
Korver has played for the Cavaliers since 2017 and was a vital piece in the team's offense coming off the bench.
Kyle Korver #26 of the Cleveland Cavaliers reacts to a play during the game against the Detroit Pistons on November 19, 2018 at Little Caesars Arena in Detroit, Michigan. The acquisition of Burks, a quality 27-year-old role player who has averaged 9.6 points per game during his career, will aid in that process.
This season, Korver has still done pretty well with 6.8 points (on an effective field goal percentage of 62.5) and 1.8 rebounds, despite playing just 15.7 minutes per game, which is the lowest minutes average of his career outside of his rookie season with the Philadelphia 76ers (11.9, per Basketball Reference).
"I think just overall I'm really grateful for my time in Cleveland", Korver said. I've never heard "thank you" so many times from fans, even after harder moments. In 2009-10, Korver set a single-season record by shooting a scorching 53.6 percent from deep in 52 games for the Jazz.
But while he's sad to see one of his teammates go, he's also excited to see what Korver can bring to the team.
"I'm someone who takes pride in shooting the ball, and I'm sure I can learn a lot from him, what he does to prepare, and from what I know of his game, he's great moving without the ball", Allen said.
Per Spotrac, Korver has one season remaining on the three-year, $22 million contract he previously signed with the Cavs. I wish him the best in Cleveland.
Korver's contract has a $7.56 million cap hit this season, and $7.5 million for 2019-20.