Houston is in the process of completing a three-team deal with the Kings and Cavaliers to acquire the guard from the Kings, according to a report from ESPN which cites unidentified league sources.
The Kings receive guard Alec Burks from the Cavs, while the Cavs acquire Houston's Brandon Knight and Marquese Chriss along with a 2019 first-round draft pick and a 2022 second-round pick from Houston.
The Houston Rockets will be getting Iman Shumpert from the Kings. They are also receiving Nik Stauskas and Wade Baldwin from Cleveland. He has two years left on his contract and is averaging 3.0 points this season. Shumpert, known for his defensive prowess, has been hitting a near-career-best 36.6 percent of his career-high 4.8 3-point attempts per game.
In exchange for Barnes, the Mavericks welcomed Jackson, 23, and Randolph, 37, who has not played this season.
The 6-6, 205-pound guard was taken with the eighth overall pick in the 2014 draft by the Sacramento Kings out of MI. After trading Kyle Korver to the Utah Jazz for Burks and a pair of second-round picks in late November, they've now flipped Burks for a first-round pick. Here are NBA Trade Grades for all three teams.
This marks the third time in four days the pair were traded, together.
The Rockets made this deal to get Knight's contract off the books. However, the 27-year-old Knight had been a major disappointment for the Rockets, appearing in just 12 games and averaging just under 10 minutes per game this season. He will be a free agent this summer.