Rodney Hood #1 of the Cleveland Cavaliers and the fans celebrate after Hood hit a buzzer beater at the end of the first half against the Golden State Warriors at Quicken Loans Arena on December 5, 2018 in Cleveland, Ohio. He'll get a chance to do more with Portland.
In exchange for Hood, the Cavs will acquire guards Nik Stauskas and Wade Baldwin, as well as two future second-round picks, according to the report.
Portland (32-20) is now fourth in the Western Conference behind the Nuggets, Warriors and Thunder.
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Hood, a five-year veteran out of Duke, is averaging 12.2 points, 2.5 rebounds and 2.0 assists per game this season while shooting 42.7 percent from the field and 36.3 from long range.
The deal marks the Cavaliers' third trade this season, following the November move that sent Kyle Korver to the Utah Jazz and the December deal that jettisoned George Hill and Sam Dekker. 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. Stauskas and Baldwin have expiring contracts. It is possible they will deal Alec Burks or J.R. Smith before Thursday's trade deadline. The Kings selected him with the No. 8 overall pick in 2014.
In parts of two seasons with the Trail Blazers, Baldwin IV averaged 3.0 points, 1.0 rebound, 0.7 assists and 7.6 minutes in 23 games. He has also played in six G League games this season, with the Texas Legends.