Monday, May 25, 2026

The NBA’s First Trade Domino

  • The Pacers and Cavaliers executed the first trade before Thursday’s deadline.
  • Indiana saved $26 million and Cleveland acquired a starter in Caris LeVert.
Trevor Ruszkowski-USA TODAY Sports/Design: John Regula

On Sunday, Indiana sent Caris LeVert and a second-round pick to Cleveland for Ricky Rubio, a first-rounder, and two future second-round picks. 

In an otherwise quiet trade deadline season, the first big move was made by teams moving in different directions: The Pacers could be headed for a rebuild, and the Cavaliers are one game out of the East’s 1-seed.

LeVert is the first domino to fall in what looks like the Pacers’ desire to clear up cap space, while Cleveland adds a complementary backcourt playmaker for All-Star Darius Garland.

  • Ricky Rubio’s $17.8 million contract expires this summer, putting Indy $26 million below the cap ($94M payroll).
  • LeVert (18.7 PPG) is a capable scorer who played his first four seasons with Cavs’ star big man Jarrett Allen.
  • He also fills a need: Since Rubio’s injury on Dec. 30, the Cavs averaged the fifth-fewest drives per 100 possessions. LeVert’s 20.9 drives are fifth-most in the NBA. 

LeVert — who grew up in Ohio — is in the second season of a three-year, $52.5 million contract but is expected to sign a long-term extension this upcoming summer, according to ESPN.

Allen and LeVert were part of the four-team blockbuster in November 2020 which sent James Harden to the Nets. Considering how things are playing out in Brooklyn, it looks like the Cavs won that trade.

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Sportradar Hit With Lawsuit Over Alleged Illegal Gambling Ties

The suit alleges investors were harmed by shady overseas business conduct.

Close’s New UCLA Contract Has Discounted WNBA Buyout Clause

Close has been the UCLA women’s basketball head coach since 2011.

Featured Today

Big Money on the Line on Premier League’s Final Day

Arsenal has won the title, but millions are still at stake.
Texas State mascot
May 22, 2026

Mascot-Reveal Videos Are the Newest College Sports Tradition

Student mascot unmasking videos are going mega-viral.
Charlie Pliner and Nikolas Rohrmann
May 22, 2026

How 2 Brown Undergrads Became Sports Dealmakers

An experimental project turned into a permanent course and business deal network.
May 14, 2026

NFL Rivalries Are Made on the Field, Mocked in Schedule Release Videos

Every year, teams find new ways to one-up themselves (and their rivals).

Man City’s Pep Guardiola Is Leaving: ‘Don’t Ask Me the Reasons’

The six-time Premier League winner ends his epic run one year early.
May 19, 2026

Trail Blazers Lay Off Dozens As Tom Dundon’s Cuts Continue

The team confirmed the departures in a statement Tuesday.
Nov 20, 2025; Salt Lake City, Utah, USA; Vegas Golden Knights head coach Bruce Cassidy watches play against the Utah Mammoth during the third period at Delta Center
May 20, 2026

NHL Coaches’ Association Pushes Back on Vegas Cassidy Restrictions

Vegas is within bounds, but the move is unusual and controversial.
Sponsored

How Microsoft and the Premier League Are Making Fans Feel Closer to the Game

The Premier League reaches fans in 189 countries. Now, with Microsoft, it is making global fandom more personal through AI.
May 19, 2026

Arsenal Wins First Premier League Title Under American Owners

The Gunners hadn’t won England’s top league since 2004.
May 4, 2026; New York, New York, USA; New York Knicks guard Josh Hart (3) controls the ball against Philadelphia 76ers forward/guard Kelly Oubre Jr. (9) during the first quarter of game one of the eastern conference semifinal round of the 2026 NBA Playoffs at Madison Square Garden.
May 18, 2026

Knicks Ticket Demand Sees MSG Get-In Prices Soar

Resale ticket prices for any potential Finals games at MSG begin at about $2,500.
May 13, 2006; Washington, D.C, USA; FILE PHOTO; Houston Comets at Washington Mystics -- Houston forward Sheryl Swoopes brings the ball up court.
May 14, 2026

Houston WNBA Team Expects to Keep Comets Name

The Connecticut Sun will move to Houston in 2027.
May 13, 2026

Bob Myers Will Run Sixers While Leading Hunt for New GM

Myers constructed four championship teams in Golden State.