Jose Calderon Signs With Cavaliers

JULY 10th, 8:06pm: The signing is official, according to a press release on the team’s website.

JULY 1st, 8:05pm: Veteran point guard Jose Calderon has agreed to a deal with the Cavaliers, according to a tweet from his agency, Priority Sports.

Calderon, 35, will receive a one-year contract for the league minimum, which will pay him about $2.3MM, relays Joe Vardon of Cleveland.com, although it will only count roughly $1.47MM against Cleveland’s cap. Facing potentially huge luxury tax payments, the Cavs have been searching for inexpensive help for their bench.

The addition of Calderon may be a sign that free agent Deron Williams won’t return to Cleveland after signing with the team in late February.

Calderon split last season between the Lakers and Hawks and put up career lows in scoring, assists and field goal percentage.

 

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