The Cavaliers have officially signed free agent swingman Javonte Green, the team announced today in a press release.
Green agreed to a buyout last week with the Pelicans and was placed on waivers on Thursday, allowing him to clear waivers and become an unrestricted free agent on Saturday. Reporting at the time of his buyout agreement indicated that he planned to sign with Cleveland once he reached the open market.
Green had been a solid contributor in New Orleans this season, stepping into a larger role than expected due to the myriad injuries affecting Pelicans regulars. In 50 games (18 starts) for New Orleans, the 31-year-old averaged 5.8 points, 3.6 rebounds, and 1.1 steals in 21.8 minutes per night, with a .446/.352/.758 shooting line.
While Green isn’t much of an offensive threat, he’s a versatile defender who can hold his own against a wide range of players. The 6’5″ veteran has spent time at shooting guard and both forward positions in recent years.
As we detailed on Saturday, Green gave up $696,955 in his buyout agreement with the Pelicans. Assuming he signed a prorated minimum-salary contract with Cleveland, which is likely, that’s the exact amount he’ll make with the Cavs for the rest of the season. Cleveland would carry a cap hit of $599,862 on a one-year, rest-of-season minimum deal.
Although Green had lined up a deal with the Cavs before clearing waivers, it’s worth noting that nearly every NBA team had the ability to block his move to Cleveland by placing a waiver claim on him, since he was on a one-year, minimum-salary contract that would’ve fit into the minimum salary exception. Only teams right up against a hard cap without the ability to fit Green’s previous $2.09MM cap hit on their books would have been ineligible to place a claim.
However, rival clubs are generally reluctant to submit waiver claims in that situation, not wanting to create bad blood with a player, his agent, and another front office. Some of the Cavs’ rivals are also operating deep in luxury tax territory or without open roster spots. As expected, Green passed through waivers without incident and the East’s top seed was able to fill its open 15th roster spot with a reliable depth option capable of playing rotation minutes if needed.
Meanwhile, Green’s old team in New Orleans dropped to 13 players on standard contracts after buying him out on Thursday. Teams can’t carry fewer than 14 players on their standard roster for more than 14 days at a time, so the Pelicans will have until March 6 to add a new 14th man.