Reportedly highly pursued, Hood will help the Portland Trail Blazers navigate the tightly bunched Western Conference playoff race after agreeing to a Sunday afternoon trade. He'll get a chance to do more with Portland.
Forward Rodney Hood will head to Portland, while guards Nik Stauskas, Wade Baldwin and two future second-round picks will go to Cleveland.
Portland (32-20) is now fourth in the Western Conference behind the Nuggets, Warriors and Thunder.
Hood averaged 10.8 points and 1.4 assists per game with the Cavs last season and was averaging 12.2 points and 2 assists this season with the team.
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According to ESPN's Bobby Marks, the Cavs have turned Kyle Korver, George Hill, Sam Dekker and Hood into one first-round draft pick and six second-rounders. It is unlikely that the Cavs opt to re-sign either player to an extension this summer, and this move was geared more towards giving the team more draft assets.
With the league's trade deadline Thursday at 3 p.m., the Cavs could also move guard Alec Burks.
Stauskas, a native of Mississauga, ON, signed a one-year deal with the Blazers in 2018 and will also be a free agent this offseason.
Stauskas was averaging 6.1 points on.419 shooting, 1.8 rebounds and 1.4 assists over 15.3 minutes a night in 44 games. The Kings selected him with the No. 8 overall pick in 2014.