Report: Lakers Agree to Trade Rajon Rondo to Cavaliers for Denzel Valentine

The Los Angeles Lakers have reportedly agreed to trade Rajon Rondo to the Cleveland Cavaliers.

On Thursday night, multiple reports suggested the Cavaliers were interested in acquiring four-time All-Star Rajon Rondo from the Lakers. On Friday morning, according to ESPN's Adrian Wojnarowski, it looks like a deal is done.

Wojnarowski reports that the Lakers are sending Rondo to Cleveland in exchange for Denzel Valentine. Los Angeles will now send Valentine to the Knicks rather than placing him on waivers, per The Athletic's Shams Charania.

ESPN Sources: The Cavaliers have agreed to trade Denzel Valentine to the Lakers to acquire Rajon Rondo. The Lakers are expected to waive Valentine’s partially-guaranteed deal and create an open roster spot.

— Adrian Wojnarowski (@wojespn) December 31, 2021

The Los Angeles Lakers are finalizing trading Denzel Valentine to the New York Knicks as part of what is now a three-team deal sending Rajon Rondo to the Cleveland Cavaliers, sources tell @TheAthletic @Stadium.

— Shams Charania (@ShamsCharania) January 3, 2022

Cleveland's move comes just days after star guard Ricky Rubio tore his ACL. The Cavaliers are currently in fifth place in the Eastern Conference with a 20–15 record. They need guard depth after Rubio's injury; they also lost Collin Sexton for the season back in November to a torn meniscus.

Rondo, who helped the Lakers win an NBA title just two seasons ago, hasn't been a huge contributor for the team this year. He's averaging 16 minutes per game.

Rondo spent last season with the Hawks and the Clippers. Since starting his career in Boston and spending nine years with the Celtics, he's played for the Kings, Bulls, Pelicans, Lakers, Hawks, Clippers and now Cavaliers.

Rondo, now 35, has won two NBA titles, been named an All-Star four times and been All-Defensive First Team twice. He'll be bringing a lot of experience to the Cavaliers during the stretch run.