The Cleveland Cavaliers have agreed to acquire guard Lonzo Ball from the Chicago Bulls for forward Isaac Okoro according to a person with knowledge of the agreement.

Trading Lonzo Ball for Isaac Okoro is the first big move of the summer for the Chicago Bulls, who are attempting to reshape the roster extensively ahead of a transitional season.

The Cleveland Cavaliers are trading for Chicago's Lonzo Ball, a move which brings another point guard to one of the best rosters in the Eastern Conference. Giving up Isaac Okoro for Ball is a major win for the franchise,