The much-discussed and much-rumored Kyrie Irving deal finally went down Tuesday evening, according to reports.
The Cavs and Celtics agreed to a trade that will send Irving to Boston in exchange for Isaiah Thomas among others, according to Shams Charania of The Vertical. Cleveland also receives forward Jae Crowder, center Ante Zizic and a 2018 first-round pick that formerly belonged to Brooklyn.
Irving reportedly asked for a trade earlier in the summer, and rumors involving the Spurs, Knicks and others have circulated since.
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But the Celtics, a team with plenty of assets, have been poised to make another big move like this. After adding free agent forward Gordon Hayward this offseason, Boston now adds another huge piece to a core that should contend for the championship this season.
Cleveland, meanwhile, found what it was looking for in the deal as well.
The Cavs pick up a strong offensive threat in Thomas, who averaged 28.9 ppg and 5.9 apg last season in Boston.
They also acquired several pieces that can help them in the short term and prepare them for a potential future without LeBron James in 2018 and beyond. Crowder, who averaged 13.9 ppg in Boston last year, is a gritty, versatile forward.
Zizic was a 2016 Boston first-round pick and an intriguing 7-footer who has been playing overseas. The draft pick in the deal very well could be one of the first few in next year's draft.
Tuesday's mega-deal brings plenty of changes in odds and projections for the two teams.
On Tuesday morning, the Celtics had +925 (wager $100 to make $925) odds to win the NBA Championship, but they changed to +885 at offshore sportsbook BookMaker.eu following the trade. The Cavs were +485 Tuesday morning and moved to +470 following the deal.
NBA MVP odds also had sharp movement following the deal. James' odds jumped from 7/1 to 5/1, while Irving take a massive leap from 50/1 to 25/1 as he makes the move to Boston.
SportsLine data scientist Stephen Oh has also updated his projections for both the Cavs and the Celtics following the deal.
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Oh projects the Cavs' win total will stay the same at 54.2. Boston, meanwhile, jumps from 53.7 to 54.9 projected wins.
The big impact comes in the teams' chances to win the East. Boston's goes from a 33 percent chance to a 39.3 percent chance. The Cavs' chances in the East fall from 43.1 percent to 39.7 percent, though they remain the slight favorites in the East, according to the updated projections.