The Cleveland Cavaliers obtained guard Milt Palacio in a trade with the Phoenix Suns in exchange for a future second-round draft selection. The announcement was made today by Cavs Senior Vice President and General Manager Jim Paxson.

Palacio, 24, has played in a total of 180 games during his three-year NBA career with averages of 3.8 points and 1.6 assists per game. The 6-3 guard played in 28 contests last season with the Suns after being acquired from the Boston Celtics along with Joe Johnson and Randy Brown in exchange for Rodney Rogers and Tony Delk on February 20. He played in 41 games last season with the Celtics prior to the trade and scored a career-high 19 points at Washington on November 24.

Palacio averaged a career-best 5.9 points per game during the 2000-01 season with the Celtics. He played 53 games with the Vancouver Grizzlies during his rookie campaign in 1999-2000 and averaged 2.0 ppg. Palacio, who was not selected in the NBA Draft, was signed by the Grizzlies as a free agent on September 29, 1999 after averaging 18.4 ppg and 4.3 apg during his senior season at Colorado State.

The trade comes in the wake of Cleveland resinding their trade with the Sacramento Kings that had sent forward Jumaine Jones to Cleveland for guard Mateen Cleaves.