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Blazers acquire first-round pick, Varejao from Cavs

POSTED: Feb 18, 2016 4:49 PM ET

Official release

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— The Portland Trail Blazers have acquired a future first-round draft pick and forward Anderson Varejao from the Cleveland Cavaliers in exchange for a future second-round pick, it was announced today by president of basketball operations Neil Olshey.

"This was an opportunistic way to use our cap room to acquire a valuable asset," said Olshey.

Varejao, 33, holds career averages of 7.6 points (51.2% FG, 63.2% FT), 7.5 rebounds and 1.2 assists over 12 seasons with the Cavaliers. He is posting averages of 2.6 points, 2.9 rebounds and 10.0 minutes in 31 games this season.