Cavaliers Will Trade Jarret Jack To Clear Cap Space

ESPN is reporting that the Cleveland Cavaliers will trade Jarrett Jack to the Brooklyn Nets on Thursday as part of a three-team deal with Boston to create more salary-cap space for the pursuit of LeBron James.

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Sources told ESPN.com that the Nets have agreed to take on the contracts of Jack and youngster Sergey Karasev from the Cavaliers in a swap that also will see the Celtics acquire Brooklyn's Marcus Thornton, Cleveland's Tyler Zeller and a protected 2016 first-round pick from the Cavaliers.

Cleveland is expected to take back a young prospect or two that Brooklyn has already drafted just to complete the transaction but no one who will be on its roster next season. The moves will give the Cavaliers significant financial flexibility by shedding the contracts of Jack, Zeller and Karasev.

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ESPN's Chris Broussard is also reporting that the Cav's are interested in trying to add free agent guard Ray Allen and/or forward Mike Miller as a means of enticing James even more about a return to Cleveland.