Bucks acquire Matthew Dellavedova from Cavaliers

The Milwaukee Bucks have acquired guard Matthew Dellavedova in a sign-and-trade with Cleveland.

Dellavedova has career averages of 5.7 points, 1.9 rebounds and 3.4 assists in 215 games over three seasons with Cleveland. He is coming off a season with career bests of 7.5 points, 4.4 assists and 2.1 rebounds while helping the Cavaliers win the NBA championship.

On Twitter, Dellavedova thanked the Cavaliers and the fans for his time there, saying, "Winning a championship with a special group of players, I can't wait for the first reunion."

As part of the deal announced Thursday, the Bucks will send the rights to Albert Miralles to the Cavaliers. Miralles, who currently plays in the Spanish League, had his draft rights sent to Milwaukee in a December 2011 deal that sent Keyon Dooling to Boston.

Sources had told ESPN that the Cavaliers were unwilling to match the four-year, $38.4 million offer sheet the Bucks gave to Dellavedova. By working out a sign-and-trade instead of letting the Aussie walk, Cleveland creates a trade exception of $4.8 million, which they will use to acquire Mike Dunleavy from the Chicago Bulls.

Information from The Associated Press was used in this report.