The Los Angeles Lakers and Cleveland Cavs have officially come to an agreement on a trade for guard Rajon Rondo. Details of the deal were revealed on Friday by ESPN NBA reporter Adrian Wojnarowski.

As Woj reported, Rondo is heading to the Cavs in exchange for forward Denzel Valentine.

Rondo’s arrival in Cleveland comes at a good time, as the Cavs are short on guards following the injuries to Collin Sexton and Ricky Rubio, as well as the presence of talented guard Darius Garland in COVID protocols.

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Meanwhile, Valentine, a solid three-point shooter, would give the Lakers some wing depth in theory, though Wojnarowski reports that the team is expected to waive his roster spot, opening up a spot on the team for another player.

Rondo, who only played 16.1 minutes per game for the Lakers this year, should have plenty of playmaking opportunities with the Cavs, who are in need of a point guard to run their second unit following the injury to Rubio.

Rondo still has plenty to offer in that department in the NBA, having averaged 3.7 assists per game this year in his limited role with the Lakers. Meanwhile, Los Angeles will continue to set their sights on improving an underachieving roster following their trade of Rajon Rondo to the Cavs.