This season Varajao has been struggling to fill the same rebounding role he used to, so he gets replaced here by Frye (who is much more of a perimeter player who can stretch opposing defenses). Essentially this is the Cavs trading defense for offense. Frye's fairly hefty deal has two years left on it after this one, but it's roughly the same term and price as Varejao's was. Meanwhile, Frye can take some pressure off Kevin Love at power forward as a floor-stretching big guy.

The Magic has been busy lately, first acquiring vets Brandon Jennings and Ersan Ilyasova, and now moving Frye. Ultimately this is a cost-cutting move, however, since Cunningham isn't expected to stick around. The second-round pick isn't much in return for Frye, but at least Orlando is saving significant money over the next two seasons by moving him.

The surprising Trail Blazers are still in the playoff picture in the West, and adding Varejao gives them much-needed veteran depth up front--if they keep him, that is. He hasn't been productive at all this season and injuries have taken their toll. If he does stick around Varejao can provide needed leadership, rebounding, and defense (when healthy). All that said, the key here for the young Blazers is the condtional 1st-round pick in '18 (their prize for taking on all that salary from Varejao's deal).

Frye and Varejao look poised to play bigger roles in the locker room than on the floor the rest of this season (again, assuming Portland even keeps Varejao around) so there's little fantasy impact here except for in Orlando, where Frye's exit gives young power forward Aaron Gordon more opportunity to win the starting gig. That said, Gordon must first beat out newcomer Ersan Ilyasova for the job and the minutes.