Cavs Offseason Tracker: Latest Trade Rumors, Free Agency News

Jesse DorseyFeatured ColumnistJuly 2, 2013

Cavs Offseason Tracker: Latest Trade Rumors, Free Agency News

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    The Cleveland Cavaliers figured they'd start the NBA offseason off with a bang by drafting Anthony Bennett with the first overall pick in June's NBA draft, and from there they've been testing about every available option in free agency.

    What the Cavs are looking to do is find players that will help them get into the playoffs this season, while remaining flexible to add free agents next summer.

    Cleveland has as much cap space as nearly any other team in the league (Atlanta's got but a few pennies on their books), and no contracts guaranteed next season until they sign this year's draft picks.

    Obviously, they'll be exercising team options on Kyrie Irving, Tristan Thompson, Dion Waiters and Tyler Zeller, while keeping ahold of Bennett, Sergey Karasev, and likely second-round pick Carrick Felix.

    So Cleveland does indeed have a ton of money to spend this summer, but they'll likely keep it to single-season contracts and veterans to help the team make it to the playoffs, proving to next year's free-agent crop that they're ready.

    Here we will take a look at who the Cavs are eyeing with this year's cap space and try to figure out what their plans are moving forward.

Andrew Bynum Accepts Two-Year Deal with Cavs

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    The Buzz

    UPDATE: Wednesday, July 10, at 7:54 p.m. ET by Grant Hughes

    Chris Broussard of ESPN reports that the Cleveland Cavaliers have "won" the Andrew Bynum sweepstakes. Sam Amico of Fox confirmed the news moments after the Worldwide Leader broke the story. 

    Per Adrian Wojnarowski of Yahoo!, Bynum's two-year contract includes only $6 million in guaranteed money next season. If the big man meets performance incentives, the total value of the deal could be $12 million in 2012-13. The second year is a team option for $12.5 million.

    Essentially, the Cavs are paying $6 million to find out if Bynum has the ability to return to his once-excellent form. It's a gamble, but Cleveland has done a great job of insulating itself from most of the risk involved.

    ---End of update---

     

    UPDATE: Wednesday, July 10, at 5:25 p.m. ET by Dan Favale

    ESPN's Marc Stein reports that only $6 million of the two-year, $24 million contract the Cavaliers offered Andrew Bynum is guaranteed.

    He says that's still the highest offer Bynum has received to date.

    To hit the $12 million mark, Bynum would have to hit loads of contract benchmarks, Stein says. He also writes that the second year of the deal would still be a team option.

    ---End of update---

     

    UPDATE: Wednesday, July 10, at 4:00 p.m. ET by Dan Favale

    Sam Amico of Fox Sports reports that the Cavs believe Andrew Bynum prefers to play in Dallas.

    To back up that notion, Bryan Gutierrez of The Two Man Game writes Bynum had a "nice" visit with the Mavs' doctors, and that negotiations between the two parties are ongoing.

    ---End of update---

     

    UPDATE: Wednesday, July 10, at 9:00 a.m ET by Dan Favale

    Andrew Bynum may take a little while to decide where he'll sign, says Jason Lloyd of the Akron Beacon Journal.

    He's met with the Hawks and Cavs, and is expected to meet with the Mavs soon.

    ---End of update---

     

    UPDATE: Tuesday, July 9, at 8:21 a.m. ET by Dan Favale

    Yahoo! Sports' Adrian Wojnarowski reports that the Cavaliers have offered Bynum a two-year, $24 million contract.

    The second year of the deal includes a team option, so that Cleveland is protected against Bynum leaving in free agency next summer if his knees remain intact and he returns to form.

    To this point, Bynum has been looking for a lucrative one year deal that will allow him to hit the market next summer. It's unclear if he's willing to make a compromise to play in Cleveland.

    ---End of update---

     

    UPDATE: Monday, July 8, at 12:32 p.m. ET by Dan Favale

    Marc Stein of ESPN.com reports that the Cavs have scheduled a face-to-face sit down with Andrew Bynum.

    Cleveland would only be offering a one-year deal, so as not to compromise its cap flexibility next summer. As Stein notes, they can offer the richest one-year contract out there.

    ---End of Update---

     

    With Andrew Bynum hitting the open market, many teams are expected to kick the big man's knees, including the Cleveland Cavaliers and Portland Trail Blazers, according to Hoopsworld.com's Yannis Koutroupis.

    Cleveland was one team in the mix to trade for Bynum last summer, but ended up choosing wisely to stick with its own guys and ride out another year in the lottery, so there's obviously some interest there.

    Possibly most important to note, Bynum's agent told reporters that he won't work out for teams hoping to sign him, according to The Inquirer.

     

    Buying or Selling?

    Bynum has officially signed on with the Cavaliers for the next two seasons, with the second being a team option.

    If Bynum can play at a high level, he'll make $24 million over those two years while setting himself up for a max contract at the age of 27.

    This is a great deal for both parties involved, as the Cavs can get out of the deal for just $6 million if Bynum never returns to his Lakers form.

     

Jarrett Jack Agrees to Deal with Cavs

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    The Buzz

    Jarrett Jack spent the 2012-13 season proving he was an elite backup point guard who could also run a playoff team during crunch time. He may end up doing the same thing next season, but it won't be with the Golden State Warriors.

    According to Marcus Thompson of the San Jose Mercury News, Jack has agreed to sign a four-year, $25 million deal with the Cleveland Cavaliers.

     

    Buying or Selling?

    It's possible that Jack could have joined a team that viewed him as a starter, but the Cavs are a nice landing spot for the veteran.

    Cleveland is a young team that will benefit from Jack's leadership in the locker room, and his durability makes him an excellent insurance policy for Kyrie Irving, who has spent large portions of both of his NBA seasons battling injuries.

    Jack didn't come particularly cheap for a role player, but playoff-tested veterans usually don't.

Jimmer Fredette to the Cavaliers?

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    The Buzz

    According to ESPN's Marc Stein, the Kings have had preliminary discussions with the Cavaliers about dumping Jimmer Fredette and Chuck Hayes on their roster.

    Sacramento wants to open up cap space to sign Monta Ellis outright, and Cleveland has the room to assume both contracts.

     

    Buying or Selling?

    Until further notice, sell, sell, sell.

    Even after signing Jarrett Jack, I could see the Cavs pining after Jimmer. He's more of a Dion Waiters than he is a Kyrie Irving anyway, so he would spend most of his time at the 2.

    The hangup in this deal is Hayes. His contract runs through 2014-15 and the Cavs aren't about to take on a pact that impedes their spending power next summer, especially after they just gave a multi-year deal to Earl Clark.

    If talks progress to include Jimmer and only Jimmer, expect Cleveland to be interested.

Cavs No Longer Interested in Greg Oden?

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    The Buzz

    UPDATE: Friday, July 12, at 10:56 a.m. ET by Greg Swartz

    After landing center Andrew Bynum, the Cavs are no longer interested in signing Greg Oden says Marc Stein of ESPN.

    Cleveland already has Bynum, Anderson Varejao, Tristan Thompson, Tyler Zeller, Anthony Bennett and Earl Clark in the post, so passing on Oden now was expected.

    --End of update--

     

    Multiple teams have shown interest in former top overall pick Greg Oden according to Yahoo! Sports' Marc Spears. That includes the Miami Heat, Cleveland Cavaliers, San Antonio Spurs, Boston Celtics, Dallas Mavericks, Sacramento Kings, Indiana Pacers and Memphis Grizzlies.

    ESPN's Marc Stein reports that the Heat and Spurs remain the frontrunners to sign Oden, while the Cavs are close behind.

    Oden hasn't played since 2009 due to knee injuries.

     

    Buying or Selling?

    Selling that Oden and the Cavs are a fit anymore.  With Andrew Bynum and other young options in the post, taking a chance on Oden is no longer appealing.

    Look for the Dallas Mavericks, San Antonio Spurs and Miami Heat to pursure the former No. 1 overall pick now.

Cleveland Reaches out to Free Agent Guards Daniel Gibson, Shaun Livingston

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    The Buzz

    UPDATE: Friday, July 12, at 4:56 p.m. ET by Greg Swartz

     

    Sam Amico of Fox Sports Ohio tweets that Gibson will not return to the Cavs.

    He lists the Milwaukee Bucks as a possible landing spot.

    ---End of update---

     

    UPDATE: Monday, July 8, 8:46 a.m. ET by Dan Favale

    Mike Mazzeo of ESPN New York reports that the Nets have reached an agreement with Shaun Livingston.

    Mazzeo says Livingston will be signed for one year at the veteran's minimum.

    ---End of update---

     

    While the Cavaliers search for a solid third guard in their rotation behind Kyrie Irving and Dion Waiters, they haven't forgot about the guys who played with them last season.

    Daniel Gibson and Shaun Livingston, who share an agent, heard from Cleveland on the first day of free agency, according to The Plain Dealer's M.S. Boyer.

     

    Buying or Selling?

    In a perfect world, Cleveland would bring both back for different reasons.

    Gibson is a favorite of the city and has played in Cleveland for his entire career, while Livingston is an enormous point guard who gives the Cavs continued roster flexibility.

    Both could serve some value to the team, but are likely in possession of a roster spot that would be best served going to a better backup point guard.

    Cleveland likely has a reason to bring both back, but expect one of the two to return.