SUNDAY, 12:20pm: The Cavs have officially signed Cherry, the team announced.
4:54pm: Cherry’s deal will be for two years, Chris Haynes of The Plain Dealer reports (Twitter link), though it’s still unknown if any portion of his salary will be guaranteed.
SATURDAY, 4:28pm: The Cavaliers have waived A.J. Price, the team has announced. Price’s salary was non-guaranteed, so the move won’t cost Cleveland any cash. This reduces the Cavs’ roster count to 14, one player below the regular season maximum. Cleveland intends to use the open roster spot to sign guard Will Cherry, Marc J. Spears of Yahoo! Sports is reporting (Twitter link). No contract details were made available, but Cleveland is limited to offering Cherry no more than the minimum salary.
The big shocker here is that the team isn’t signing Ray Allen, who would seem like a perfect fit for a Cavs squad looking to contend in the Eastern Conference. Allen still hasn’t decided on whether or not he is going to play this season, though he has been mentioned as a target for the Spurs as well as the Cavs.
The 6’1″, 23-year-old Cherry averaged 12.8 PPG and 4.0 RPG while logging 25.3 minutes per contest in five games for the Cavs Summer League team in Las Vegas. Cherry also played for the Cavs’ D-League affiliate last season, when he provided 11.6 PPG, 3.7 RPG, and 4.5 APG in 30.4 MPG. He was waived by the Raptors at the end of training camp last month.
Price hasn’t appeared in either of Cleveland’s regular season games this season. His career numbers are 5.9 PPG, 1.5 RPG, and 2.2 APG. His slash line is .381/.321/.749.