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Is James being traded?

Yes.

As a veteran who has been with the Cavaliers for 7 years, James also has a certain affection for this city. If he leaves directly, it will be harmful to the development of the Cavaliers. Therefore, James can be regarded as being traded to the Heat by the Cavaliers. The chips in this deal are three first-round picks, a second-round pick, a draft swap right and a 14.5 million trade exception. James, who was determined to leave, got 6 chips in exchange, which was not a huge loss for the Cavaliers.