NBA Note - Atlanta Hawks Felder, Kay

Oct 15, 2017 - 8:27 AM G Kay Felder, F Richard Jefferson, two future second-round draft picks and cash considerations were traded from Cleveland to Atlanta on Saturday.

In exchange, the Cavs acquired the draft rights to forward Dimitrios Agravanis and guard Sergey Gladyr.

Sources told ESPN's Adrian Wojnarowski that $3 million is going to Atlanta.

The Hawks later requested waivers on Jefferson and Felder, and they will become free agents after clearing waivers. Jefferson was set to earn $2.5 million this season and Felder $1.3 million.

The trade gets the Cavaliers' roster to 15 ahead of the start of the regular season on Tuesday. The Cavaliers will save $12.8 million in luxury tax by unloading the two contracts, according to ESPN.

"These situations and decisions are some of the toughest to be in and have to make. Certainly, both RJ and Kay are two guys we also wanted to have here with us this season," Cavaliers general manager Koby Altman announced from Cleveland Clinic Courts.

The 5-9, 176-pound Felder appeared in 42 games for Cleveland in 2016-17, averaging 4.0 points, 1.4 assists and 9.2 minutes. He was the No. 54 pick of the 2016 draft by the Hawks and was acquired by the Cavs on draft night.