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Report: Lakers Trading Jordan Clarkson, Larry Nance Jr. To Cavs For Isaiah Thomas, Channing Frye And 1st-Round Pick

Kobe Bryant wearing a suit while standing at center court of the Staples center.

LOS ANGELES, CA - DECEMBER 18: Kobe Bryant walk out to center court during his jersey retirement ceremony at halftime of a basketball game between the Los Angeles Lakers and the Golden State Warriors at Staples Center on December 18, 2017 in Los Angeles, California. (Photo by Harry How/Getty Images)

We have a major NBA trade.

The NBA Trade Deadline is today. We've already gotten one major deal.

The Los Angeles Lakers are reportedly trading Larry Nance and Jordan Clarkson to the Cleveland Cavaliers for Isaiah Thomas, Channing Frye and the Cavs' protected 2018 first-round pick.

The Cavs maintain possession of the coveted Brooklyn Nets pick they own, which will be a lottery selection.

In this deal, the Cavs get the 25-year-old Clarkson, who is averaging 14.5 points per game but is shooting only 32 percent from three-point range. The 25-year-old Nance is an elite athlete who is averaging 8.0 points and 6.8 rebounds per contest.

With this move, the ill-fated and brief Isaiah Thomas era in Cleveland is over. The diminutive All-Star has struggled this season on the court and clashed with teammates and coaches as well.

The Lakers also get another first-round pick to add to their rebuild, and a solid veteran presence in Frye.

ESPN's Adrian Wojnarowski has all the details on the trade.

Will this move help the struggling Cavs and breathe life into their season?

As we count down to the trade deadline (3 p.m. ET), we will bring you any further news from around the league.