Trail Blazers acquire Larry Nance Jr. from Cleveland in three-way trade sending Derrick Jones Jr. and first-round pick to Chicago
Cleveland Cavaliers forward Larry Nance Jr. (22) against the Sacramento Kings during an NBA basketball game in Sacramento, Calif., Saturday, March 27, 2021. (AP Photo/Jeff Chiu)

The Portland Trail Blazers have acquired forward Larry Nance Jr. from the Cleveland Cavaliers in a three-way deal with Cleveland and Chicago, sending Derrick Jones Jr. and a lottery-protected first-round pick to the Bulls.

ESPN’s Adrian Wojnarowski and The Athletic’s Shams Charania first reported the news.

ESPN Sources: Cleveland’s acquiring Chicago’s Lauri Markkanen in a three-way sign and trade with Portland. Bulls get Derrick Jones Jr., POR’s lottery-protected future 1st and Cavs’ future second-rounder. POR gets Larry Nance Jr. h

— Adrian Wojnarowski (@wojespn) August 27, 2021

More details on the lottery-protected first-round pick that Portland is sending to Chicago.

Blazers pick is protected 1-14 through 2028. It becomes Portland’s 2028 second-round pick if not conveyed before then, per sources.

— Adrian Wojnarowski (@wojespn) August 27, 2021

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