The Jazz will acquire Korver in the coming hours or days in exchange for Alec Burks and second-round picks in the 2021 and 2022 National Basketball Association drafts, according to ESPN's Adrian Wojnarowksi.
"Kyle's on-court accomplishments are well known", said Cavs general manager Koby Altman, in a news release.
Playing time for Burks during the 2018-19 campaign has been inconsistent, with four games of more than 20 minutes of action countered by six contests in which he's played less than 13 minutes. "We wish Kyle and his family the best as he continues his career back in Salt Lake City".
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The Cavs also received Utah's 2020 second-round pick and a 2021 second-round pick from Washington via the Jazz. He leaves Cleveland ranked second all-time in three-point percentage (.453) and connected on the fifth-most triples in Cavs playoff history (72). "We welcome him to Cleveland and we're looking forward to him getting started with us soon".
Burks (6-6, 214) has appeared in 17 games for Utah this season, averaging 8.4 points in 15.8 minutes per game. He has scored in double figures on six occasions in 2018-19, including a season-high 22 points in 27 minutes on November 5 versus Toronto. He was the 12th overall selection of the 2011 draft out of the University of Colorado, but had largely served in a reserve capacity for Utah, starting just 43 of his 382 career regular-season games.