GSW trades pf Andris Biedrins/ sg Brandon Rush/ sf Draymond Green/ pg Charles Jenkins/ a protected 2015 1st rd draft pick
CLE trades pg Daniel Gibson/ pf Marreese Speights/ sf Omri Casspi/ sg Wayne Ellington
GSW gets barely under the cap this year and shaves between 9 and 13 million under next years tax depending on whether Speights opts in, if he does, he's a talented 25 yr old on a decent contract at a premium position, maybe he figures it out, maybe not but he's a much better alternative to Biedrins. The other three are inconsistent role players on expiring contracts who have the shown the ability to have big games once in awhile. GSW doesn't give up a lot except that protected draft pick, the protection of which I can't figure.
Cleveland does this for that pick, first and foremost. They get rid of players who didn't fit into their long term plans and get a couple young role players on cheap contracts. They pretty much rent out next years cap, which I doubt they were planing on using anyways and stockpile more picks. They also aquire a couple expiring's next year, with which to try an swing a trade. They bottom out badly again this year getting another high pick and perserve a lot of capspace for 2014 *wink* *wink*
Final lineups look something like this, though, you know, I'm not really sure about either teams rotations right now.
pg Steph Curry/ Jarrett Jack/ Boobie Gibson
sg Klay Thompson/ Wayne Ellington/ Kent Bazemore
sf Harrison Barnes/ Richard Jefferson/ Omri Casspi
pf David Lee/ Carl Landry/ Jeremy Tyler
c Andrew Bogut/ Mareese Speights/ Festus Ezeli
pg Kyrie Irving/ Charles Jenkins/ Shaun Livingston
sg Dion Waiters/ Brandon Rush/ Josh Selby
sf Alonzo Gee/ CJ Miles/ Luke Walton
pf Tristan Thompson/ Draymond Green/ Kevin Jones
c Anderson Varejao/ Tyler Zeller/ Andris Biedrins
Here it is in ESPN's trade machine
http://espn.go.com/nba/tradeMachine?tradeId=aetyhr9Basically, GSW uses player they're not really using and a pick and get Marreesse Speights and depth around the court in case of injury and CLE gets a pick, some 2014 expirings and a couple young players.