The Cavaliers agreed to trade Richard Jefferson, Kay Felder, $3 million in cash and two future second-round picks to the Atlanta Hawks to trim the roster down to the mandatory 15 players for the start of the season.

In return, the Cavs are getting the draft rights to Europeans Dimitrious Agravanis and Sergii Gladyr. But this deal was made solely to clear roster space and save cash in salary and luxury tax penalties. It's a $12 million savings for the Cavs.

The trade will be completed Friday night or Saturday morning, a source said.

"It's a tough situation," coach Tyronn Lue said. "These are the hard times of being a coach. Of having to deal with situations like this. It's definitely tough and just trying to figure it out."

Jefferson was no longer in the Cavs' locker room as of 6 p.m., while Felder was seated at his chair waiting to talk to general manager Koby Altman.