March 4, 12:13pm: It’s official. According to an official press release on their website, the Cavaliers have signed Derrick Williams to a contract for the remainder of the season.
March 1, 8:13pm: Signing for the rest of the season would give Williams $268,029, tweets Bobby Marks of The Vertical. That will count $230,690 against the cap for the Cavaliers and will result in $576,725 in luxury taxes.
7:22pm: Cavaliers forward Derrick Williams will receive a contract for the remainder of the season when his second 10-day deal expires Saturday, tweets Shams Charania of The Vertical.
The 25-year-old has been productive since joining the team in early February. He has appeared in seven games, averaging 10.1 points and 3.4 rebounds in 24 minutes per night. Williams started the season in Miami, where he played 25 games before being waived.
It’s uncertain how Williams’ role in the rotation will be affected by the additions of Deron Williams and Andrew Bogut this week or the eventual return from injury by Kevin Love and J.R. Smith. If he signs just for the rest of the season, Williams will be a free agent this summer for the third straight year.