CLEVELAND – The Cleveland Cavaliers acquired center Shaquille O’Neal in a trade with the Phoenix Suns, a person with knowledge of the deal told the Associated Press on Thursday.
Yahoo! Sports first reported the deal, saying it was completed, with ESPN.com also reporting that an agreement had been reached.
The teams have reached an agreement in principle on the deal, which would unite O’Neal with Cavaliers superstar LeBron James, the NBA’s MVP.
O’Neal will join Cleveland in exchange for center Ben Wallace, guard Sasha Pavlovic, a second-round draft pick and cash, said the person who spoke on condition of anonymity because the league still must approve the deal.
The teams completed the deal one day before the NBA draft.
O’Neal, 37, who has won four NBA titles, had one year left on his contract with the Suns. He averaged 17.8 points and 8.4 rebounds last season and appeared in his 15th All-Star game.