Trail Blazers acquire future 1st-round draft pick, Varejao from Cleveland

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.

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.

The Trail Blazers have placed Varejao on waivers.