11:58am: The signing is official, Hoops Rumors has learned. Cleveland now has a full 21-man offseason roster.
11:14am: The Cavaliers are set to add a former first-round pick to their 21-man roster, according to Michael Scotto of HoopsHype (Twitter link), who hears from agent Adie von Gontard that Cleveland has agreed to an Exhibit 10 deal with free agent wing Zhaire Smith.
The 16th overall pick in the 2018 draft, Smith battled health issues after going pro and was limited to 13 regular season appearances in two NBA seasons with the Sixers. He was traded during the 2020 offseason to the Pistons, who subsequently waived him. The former Texas Tech standout hasn’t been on an NBA roster since he signed an Exhibit 10 contract with the Grizzlies in December 2020.
Although Smith was on the roster for the Memphis Hustle – the Grizzlies’ G League affiliate – in 2020/21, he didn’t play at all that season and hasn’t suited up for any team since then, having continued to be plagued by injuries. According to Joe Mussatto of The Oklahoman, the 24-year-old underwent separate cleanup procedures on both knees during the summer of 2022.
“Every year I was like, ‘Oh, I’m about to play, I’m about to play,’ then there was just a setback,” Smith said, per Mussatto. “I didn’t know what was going on with my knees, and that was the hardest part.”
Smith’s ongoing effort to make an NBA comeback saw him join the Thunder for Summer League action this July. He appeared in four total games in Salt Lake City and Las Vegas, averaging 6.0 points on 75.0% shooting in 14.0 minutes per game.
Exhibit 10 contracts can be converted to two-way deals, but the Cavaliers have filled all three of their two-way slots, so they likely envision having Smith suit up for their G League affiliate, the Cleveland Charge. If he’s waived before the NBA season begins and then spends at least 60 days with the Charge, Smith would be eligible to earn an Exhibit 10 bonus worth up to $75K.