Reports: Cavs to acquire Lauri Markkanen in 3-team trade

The Cleveland Cavaliers are acquiring restricted free agent forward Lauri Markkanen from the Chicago Bulls in a three-team trade that also includes the Portland Trail Blazers, multiple media outlets reported Friday.

ESPN reported Markkanen will head to the Cavaliers on a four-year, $67 million deal in the sign-and-trade agreement with the Bulls.

Chicago will acquire forward Derrick Jones Jr. and a lottery-protected 2022 first-round pick from the Trail Blazers and receive a 2023 second-round pick from the Cavaliers, per reports.

Portland acquires forward Larry Nance Jr. from Cleveland to complete the deal.

Markkanen, 24, averaged 13.6 points, 5.3 rebounds and 0.9 assists in 51 games (26 starts) last season. He has averaged 15.6 points, 7.1 rebounds and 1.2 assists in 221 career games (195 starts) since being selected by the Minnesota Timberwolves with the seventh overall pick of the 2017 NBA Draft.

Jones, 24, averaged 6.8 points and 3.5 rebounds in 58 games (43 starts) in his first season with the Trail Blazers in 2020-21. He averaged those same totals over 229 career games (89 starts) with the Phoenix Suns, Miami Heat and Portland.

Nance, 28, averaged 9.3 points, 6.7 rebounds and 3.1 assists in 35 games (27 starts) last season with the Cavaliers. He averaged 8.3 points, 6.7 rebounds and 1.9 assists in 350 career games (122 starts) with the Los Angeles Lakers and Cleveland.

—Field Level Media/Reuters