CLEVELAND, Ohio (WKBN) – The Cleveland Cavaliers officially completed a 3-team trade with the Sacramento Kings and Chicago Bulls on Sunday.

Cleveland acquires guards Dennis Schroede, Keon Ellis, and forward Emanuel Miller in the deal.

Meanwhile, Sacramento acquires De’Andre Hunter.

Chicago receives Dario Saric and two future second-round picks.

“After careful evaluation and a clearer view of the Eastern Conference landscape, we believe adding Dennis and Keon strengthens our depth, expands our flexibility, and positions us to keep building a Championship caliber team now and into the future,” said Cavaliers President of Basketball Operations Koby Altman. 

“In a season defined by its parity, this move better aligns us for a deeper postseason run.  I’m thankful as well to De’Andre, who made an immediate impact upon his arrival to Cleveland and represented the Cavaliers with class. We appreciate everything he did for us both on and off the court, and we wish him the best in Sacramento. We drafted Luke in 2022 and have seen his development improve each year and thank him for his contributions to the franchise.”

In a corresponding move, the team waived forward Luke Travers, who appeared in 12 games this season for the Cavaliers. He was selected by Cleveland in the second round of the 2022 NBA Draft.

This season with the Kings, Schroeder is averaging 12.8 points, 3.1 rebounds and 5.3 rebounds per game. The veteran has appeared in 882 regular season games with Atlanta, Oklahoma City, the L.A. Lakers, Boston, Houston, Toronto, Brooklyn, Golden State, Detroit and Sacramento, holding career averages of 13.9 points, 4.9 assists and 2.9 rebounds

Ellis is averaging 5.6 points and 1.3 rebounds per game for Sacramento. He originally signed with the Kings as an undrafted free agent in 2022 out of the University of Alabama.

Miller is a Two-Way player for the Bulls this season. He has appeared in 11 career NBA games for Chicago over the last two seasons.

The trade reportedly creates $50 million in salary and tax savings this season for Cleveland.

For the latest news, weather, sports, and streaming video, head to WKBN.com.