Jeremy Pargo Rumors | Hoops Rumors

Cavs Notes: Thompson, Leuer, Roster Cuts

October 11th, 2012 at 3:15pm CST by Luke Adams

As we heard earlier today, the NCAA is investigating agent Rich Paul and Myck Kabongo regarding a trip the Texas guard took to Cleveland this summer. Cavaliers big man Tristan Thompson, who is represented by Paul, was involved in Kabongo's trip, but doesn't think any NCAA rules were violated, as Jason Lloyd of the Akron Beacon Journal writes (on Sulia).

"I had to pay for it, but then his brother reimbursed me, which is totally fine with the NCAA," Thompson said. "I think everything will work out. I don't see no eligibility issues, but that's for the NCAA to figure out."

Here are a few more Thursday notes related to the Cavs:

Jon Leuer doesn't appear to be in jeopardy of not making Cleveland's regular season roster, though he may face an uphill battle for minutes, says Bob Finnan of the News Herald.
Leuer was traded by the Bucks this summer, waived by the Rockets, and eventually claimed by the Cavs on waivers, and says he was caught off guard by all the movement: "I didn't see that coming at all. Milwaukee needed a center and Houston had a million things going on. It was a pretty crazy offseason, kind of a welcome to the free-agency frenzy for a young player."
The Cavs have 18 players on their roster and will need to cut three more before the season begins. Finnan expects the team to cut one of Donald Sloan or Jeremy Pargo, and one of Luke Harangody, Luke Walton, and Kevin Jones. It's unclear who the last cut could be — perhaps Kelenna Azubuike or Micheal Eric. Finnan suggests that Cleveland may also be willing to move Daniel Gibson for a second-round pick.
As our list of non-guaranteed deals shows, Sloan, who appears to have a leg up on Pargo, is the only Cav under contract without any sort of guarantee. So Cleveland may end up releasing three players who are all owed guaranteed money.

Cavs To Waive Jeremy Pargo?

September 18th, 2012 at 8:30pm CST by Chuck Myron

Earlier today the Grizzlies waived D.J. Kennedy, and it appears the man for whom he was traded this summer may meet the same fate with the Cavs, as Sam Amico of Fox Sports Ohio says he suspects Cleveland will waive Jeremy Pargo (Twitter link).

Pargo's contract is believed to be guaranteed for $1MM this season, the second of a two-year, $2MM deal he signed with the Grizzlies last season. Getting rid of him would leave the team thin at point guard behind Kyrie Irving, with Donald Sloan as the only other point guard on the roster, unless coach Byron Scott wants to experiment with 6'2" shooting guard Daniel Gibson at the position.

The Cavs offered combo guard Terrel Harris a contract before he re-signed with the Heat, and yesterday Luke Adams of Hoops Rumors identified Cleveland as a possible landing spot for free agent point guard Jonny Flynn, the sixth overall pick in 2009. As odd as it would be to see both guys in a two-player offseason trade get waived before training camp, the Cavs would still come away from the swap with a 2014 second-round draft pick and cash.

Grizzlies Trade Jeremy Pargo To Cavs

July 25th, 2012 at 7:06pm CST by Chuck Myron

The Grizzlies have sent Jeremy Pargo, a 2014 second-round pick and cash to the Cavs for D.J. Kennedy, the Memphis Commercial Appeal reports (Twitter link). Pargo is entering the final season of a two-year, $2MM contract, and his $1MM is guaranteed for 2012/13. Kennedy has two more seasons on his deal at the minimum salary, both of which are non-guaranteed. The Cavs put out a press release on their website confirming the move.

"Our approach remains consistent as we try to bring in young talent, create future opportunity with draft picks as potential assets and maintain flexibility," Cavs GM Chris Grant said in the release. "Jeremy adds depth to our backcourt. He is a young, aggressive, athletic guard who we feel fits well with our style of play, both defensively and offensively. We look forward to welcoming him to Cleveland."

Pargo, the younger brother of Jannero Pargo, made his NBA debut for the Grizzlies last season after going undrafted out of Gonzaga in 2009. He averaged 2.9 points and 1.3 assists in 9.6 minutes a game as a backup to point guard Mike Conley. The 6'6" Kennedy wasn't drafted last year out of St. John's, but caught on with the Cavs in the final week of the season and played in two games, scoring 12 points and pulling down seven rebounds in a total of 59 minutes. Kennedy spent most of the season in the D-League, putting up 15.7 PPG, 7.3 RPG, and 4.4 APG in 37.4 MPG.

The Grizzlies are close to the luxury tax threshold of $70.31MM, so the deal might be a way for them to save money, since they could waive Kennedy without owing him anything. The Cavs have plenty of cap room to absorb the $1MM owed Pargo, and helps them at point guard, where the team is thin behind starter Kyrie Irving.

Southwest Rumors: Anderson, Pargo, Miles

July 16th, 2012 at 2:27pm CST by Luke Adams

The Rockets have arguably been the Southwest team in the news most often this month, as they've pursued restricted free agents and continued to try to land a superstar like Dwight Howard via trade. For now though, Daryl Morey and the Rockets are playing the waiting game, as they wait to see whether the Knicks will match their offer sheet for Jeremy Lin. In the meantime, here are a few updates on Houston's division rivals….