Though Hood has a no-trade clause, he likely won't be too attached to the 9-39 Cavaliers if a contending team comes calling.
Hood has played well offensively this season, averaging 12.7 points per game while knocking down 36.1 percent from three-point range.
His ability to get to the line and convert free throws has also raised his efficiency, with his 55.4 true shooting percentage being the best of his career, per Basketball Reference.
The 26-year-old has shown he can be a reliable scorer either as a starter or off the bench—especially if he can revert to the level he showed at the beginning of last season. Hood averaged 16.8 points per game in 39 appearances with the Utah Jazz before they traded him to Cleveland at the deadline.
With his skill set at 6'8", the wing can be an immediate boost to any offense.
He also comes with a reasonable cost at just $3.47 million on a one-year deal. A team could add depth while maintaining salary and roster flexibility.
This could make him one of the most attractive deadline trade targets.