The Portland Trail Blazers have waived center Brendan Haywood.

Portland acquired Haywood, guard Mike Miller and two future second round draft picks from the Cleveland Cavaliers on July 27 in exchange for cash considerations.

Haywood's contract was non-guaranteed.

The Portland Trail Blazers never made an offer to Wesley Matthews in free agency.

Matthews signed with the Blazers in 2010 and became one of the NBA's best two-way shooting guards. But Matthews ruptured his left Achilles tendon in March.

"I was pissed off," Matthews said. "I felt disrespected."

The only change the Blazers would pursue re-signing Matthews was if LaMarcus Aldridge also committed to remain with the franchise.

"I was angry," Matthews said, "but I also realize that this is a business."

Before free agency, Matthews said he was worth $15 million per season and then he watched DeMarre Carroll and Khris Middleton receive that type of money.

"No knock on them, but I'm taking me 10 times out of 10 over them," Matthews said. "There was a time when I was undeniable in the NBA; you could not deny me. Everything that happened to me before, I was able to get to this point because of my passion, my motive."

The Memphis Grizzlies, Oklahoma City Thunder and Dallas Mavericks are expected to pursue Mike Miller.

Miller was traded by the Cleveland Cavaliers to the Portland Trail Blazers and he'll be waived.

The Cavs' trade of Miller "was right thing to do" according to a LeBron James' source. Miller was previously waived by the Miami Heat in a tax-savings move that angered James.

The Cleveland Cavaliers have traded Brendan Haywood and Mike Miller to the Portland Trail Blazers.

Haywood's contract is non-guaranteed for the 15-16 season at $10.5 million.

Portland will receive second round picks from the Cavaliers in 2019 and 2020.

The Cavaliers were unable to find a suitable trade using Haywood's contract and will instead have two traded player exception that can be used later in the amounts of $10.5 million and $2.85 million.

Trading away Miller could save the Cavaliers as much as $10 million in salary in luxury taxes.

The Portland Trail Blazers have signed Phil Pressey.

Pressey holds NBA averages of 3.1 points (33.3% FG, 35.7% 3-PT, 66.0% FT), 1.5 rebounds and 2.9 assists in 125 games (11 starts) over the past two seasons with the Boston Celtics.

Undrafted out of Missouri, Pressey (5-11, 175) averaged career highs in scoring (11.9 ppg) and assists (7.0 apg) his junior 2012-13 season, finishing No. 13 nationally in assists per game on his way to First Team All-SEC and All-SEC tournament honors.

The Portland Trail Blazers have signed Cliff Alexander to a contract.

Alexander dealt with a bruised sternum and a back injury while at Kansas. His predraft workouts were cut short when he injured his right knee while working out for the Los Angeles Lakers.

The Brooklyn Nets added Alexander to the summer league roster where he played in 11 games in Las Vegas and Orlando, averaging 7.5 points, 6.4 rebounds and 22.8 minutes a game.

The Cleveland Cavaliers hope to soon trade Brendan Haywood for a traded player exception.

The Cavaliers have shopped the non-guaranteed contract of Haywood around the NBA, including talks with the Brooklyn Nets on Joe Johnson. They haven't been able to find a deal to their liking and could instead trade Haywood for a traded player exception.

The Cavs used a trade exception they created last summer to trade for Timofey Mozgov during last season.

The Portland Trail Blazers and Philadelphia 76ers are the only teams currently with enough cap space to absorb Haywood and create a trade exception for Cleveland. The Cavs might need to surrender a draft pick to create the incentive for either team to help the Cavaliers with the TPE.

The Portland Trail Blazers have signed Luis Montero.

The 6-foot-7 Montero last played for Westchester Community College in New York, where he averaged 15.6 points, 5.9 rebounds and 3.0 assists per game in 2013-14.

The Portland Trail Blazers have acquired Moe Harkless from the Orlando Magic for a future second round pick.

Harkless was the 15th overall pick in the 2012 NBA Draft.

The Blazers have a need at small forward, creating an opportunity for Harkless to play a big role.

Enes Kanter has signed a four-year, $70 million max offer sheet with the Portland Trail Blazers.

The Oklahoma City Thunder has been expected to match any offer sheet Kanter signs with a rival team.

A max deal for Kanter would put the Thunder on schedule to have a hefty luxury tax bill.