Cavs get future draft picks to sign-and-trade James to the Miami Heat

CLEVELAND - The Cleveland Cavaliers didn't come up empty handed with the departure of LeBron James.

The Cavs were able to broker a sign-and-trade deal with the Miami Heat for James, according to an a press release the team sent out early Saturday.

Miami gave the Cavs the rights to five future draft picks. Details of the deal were not released.

"This deal provides us with multiple key assets and additional flexibility as we move forward for both the short term and beyond," Cavaliers General Manager Chris Grant was quoted as saying in the release.

According to the release, the Cavs gets two of Miami's first-round draft picks beginning in 2013 and continuing through 2017, the Heat's 2012 second-round pick from New Orleans, and a future second-round pick Miami acquired from Oklahoma City.

In addition, the Cavs have the right to swap 2012 first-round picks with the Heat. The trade also gives Cleveland a very large trade exception, which the Cavaliers can now use in trades within one calendar year.