Kanter returns to the Blazers, where he had a terrific stretch after signing as a buyout free agent in 2019. In 23 games with Portland, Kanter averaged 13.1 points and 8.6 rebounds.
Kanter's $5 million salary slides into Portland's $7 million trade exception and allows the Blazers again pair Jusuf Nurkic with Kanter, a model that helped lead Portland to the Western Conference finals.
Nurkic suffered an injury late that season, but now he'll be the starter with Kanter as the backup.
Zach Collins, who missed most of the 2019-20 season due to injuries, is recovering from ankle surgery.