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The New York Knicks shipped J.R. Smith and Iman Shumpert to the Cleveland Cavaliers in a three-way trade that included the Oklahoma City Thunder.

Reports the NBA:

New York Knickerbockers President Phil Jackson announced Monday that the team has acquired forward Lou Amundson, center Alex Kirk and a 2019 second-round draft choice from Cleveland and forward Lance Thomas from Oklahoma City as part of a three-team trade. Guards Iman Shumpert and J.R. Smith were sent from New York to Cleveland and guard Dion Waiters from Cleveland to Oklahoma City. Oklahoma City also sent Cleveland a future first-round draft choice. In addition, center Samuel Dalembert has been waived.

“As our journey moves through this season, we will search for the type of players that fit the style we hope to exhibit for our fans. Our desire is to improve our ability to compete,” Jackson said. “In addition, these transactions improve our flexibility to the current roster and the salary cap for future seasons.”

Shumpert is currently injured while Smith was pulled before last night’s game against the Memphis Grizzlies, which the Knicks lost.

Smith developed a rep for hard partying in NYC, thus Cleveland groupies are probably celebrating right now, allegedly.

Photo: TMZ