As first reported by ESPN's Adrian Wojnarowski, the Houston Rockets, Cleveland Cavaliers and Sacramento Kings have agreed to a deal revolving around Iman Shumpert and Alec Burks, with Shump going to Houston and Burks joining the Kings. The Cavaliers are all-in on acquiring assets, now having acquired seven draft picks - in addition to players - in separate trades involving Rodney Hood, Kyle Korver, Sam Dekker, George Hill and Alec Burks. The Rockets gave the Cavaliers Brandon Knight, Marquese Chriss, and a first-round lottery pick, in exchange for Nik Stauskas and Wade Baldwin.
As a fun twist to this trade, the Rockets were in Sacramento to play the Kings as the trade materialized, with Shumpert down the hallway from his new teammates.
Knight, Chriss and the first rounder are headed to Cleveland.
Baldwin, 22, saw only limited duty in Portland this season, averaging 1.9 points in 5.9 minutes in 16 games, also spending time with its G-League affiliate, the Texas Legends.
The Rockets have been in search of a wing player for the better part of the season.
The Houston Rockets weren't likely to make a significant deal at the deadline, but the expectation was that last year's runner-up in the Western Conference would make a move or two to acquire some much-needed depth. The Cavaliers will also continue to look elsewhere as they seek to rebuild a team that now stands at 11-43 on the year. They appear to have landed one the night before the trade deadline, which is Thursday at 3 p.m. ET.