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Lebron James plays basketball with high school students during the Lebron James Skills Academy Wednesday, July 9, 2014, in Las Vegas. (AP Photo/John Locher)

CLEVELAND (AP) — The three-team trade that gave the Cavaliers salary cap space to possibly land LeBron James is official.

The Cavs and Boston Celtics confirmed the deal on Thursday when the NBA moratorium on signings ended.

Cleveland sent guard Jarrett Jack and swingman Sergey Karasev to Brooklyn and center Tyler Zeller and a first-round draft pick to Boston. Cleveland acquired a future conditional second-round pick from the Celtics and the draft rights to forwards Ilkan Karaman and Edin Bavcic from the Nets. The Celtics will get guard Marcus Thornton — and his expiring $8 million contract — from the Nets.

FILE - In this Jan. 7, 2014 file photo, Cleveland Cavaliers’ Sergey Karasev (10), from Russia, passes the ball against James Anderson during an NBA
FILE - In this Jan. 7, 2014 file photo, Cleveland Cavaliers' Sergey Karasev (10), from Russia, passes the ball against James Anderson during an NBA basketball game in Cleveland. A person familiar with the deals says the Cavaliers have agreed to trade guard Jarrett Jack, swingman Sergey Karasev and center Tyler Zeller, moves that can help their pursuit of LeBron James by clearing salary cap space. The Cavs have agreements with the Brooklyn Nets and Boston Celtics, according to the person who spoke Wednesday, July 9, 2014, to The Associated Press. The person spoke on condition of anonymity because teams are not permitted to discuss any trades until the league's moratorium ends Thursday.(AP Photo/Tony Dejak) (Tony Dejak/AP)

The deal, first reported on Wednesday, is designed to give the Cavs enough room under the salary cap to offer James, the four-time league MVP, a maximum contract ($20.7 million).

James, who met in Las Vegas with Miami president Pat Riley, has not announced where he will play next season. He is scheduled to attend the World Cup final in Brazil this weekend.

Jack, who signed with Cleveland as a free agent last season, was scheduled to make $6.3 million, Zeller will make $1.6 million and Karasev $1.4 million.

In trading those salaries, the Cavs have enough to give James the max deal — if he decides to sign with Cleveland. James played seven seasons with the Cavs before leaving as a free agent in 2010.



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FILE - In this Dec. 28, 2013 file photo, Cleveland Cavaliers’ Jarrett Jack (1) drives past Boston Celtics’ Phil Pressey (26) in the second
FILE - In this Dec. 28, 2013 file photo, Cleveland Cavaliers' Jarrett Jack (1) drives past Boston Celtics' Phil Pressey (26) in the second quarter of an NBA basketball game in Boston. A person familiar with the deals says the Cavaliers have agreed to trade Jack, swingman Sergey Karasev and center Tyler Zeller, moves that can help their pursuit of LeBron James by clearing salary cap space. The Cavs have agreements with the Brooklyn Nets and Boston Celtics, according to the person who spoke Wednesday, July 9, 2014, to The Associated Press. The person spoke on condition of anonymity because teams are not permitted to discuss any trades until the league's moratorium ends Thursday. (AP Photo/Michael Dwyer, File) (Michael Dwyer/AP)