Report: Cavs Pick Up Kendrick Perkins Contract Option Amid LeBron James Rumors
The Cleveland Cavaliers are reportedly using Kendrick Perkins' contract as a potential tool to upgrade their roster in an effort to keep LeBron James.
Per ESPN.com's Dave McMenamin, the Cavs are exercising Perkins' 2018-19 option worth $2.5 million in a "salary-cap ploy" to combine his money with an existing contract on the roster to explore trade possibilities.
James has until Friday to decide if he will exercise his $35.6 million option for next season or become a free agent to explore the market.
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Per ESPN.com's Ramona Shelburne, if James does opt out, he has "no intention of hearing elaborate pitch meetings" from interested suitors.
McMenamin noted Perkins' salary is non-guaranteed for the time being, but the Cavaliers would have to guarantee it to use it in a potential trade.
The Cavs signed Perkins, who retired from the NBA G League's Canton Charge in February, on the final day of the regular season. The 33-year-old scored three points in the season finale against the New York Knicks, but he wasn't used in any of Cleveland's 22 postseason games.
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