Cavaliers/Timberwolves

Would like to also send the Timberwolves 2012 2ND ROUND NBA DRAFT PICK to Cleveland.

New deal is….

Cavaliers receive:

CJ Miles
Timberwolves 2012 2nd Round Pick

Timberwolves receive:

Corey Magette

We agree to the new deal and are expecting the Cavaliers to agree as well.

I accept!

PROCESSED

Cavaliers: Outgoing = $10,080,000 / Incoming = $3,885,000¹
Timberwolves: Outgoing = $3,885,000/ Incoming = $10,080,000²

Notes:
1) Cavaliers generate a $6,195,000 trade exception, which expires when Day 1 is simmed in 2012.
2) Timberwolves taking back more money than they're bringing in, officially hard-capping them at the 1st Apron for the 2011 season.