The Cleveland Cavaliers made room for new arrivals earlier today by trading away both Brendan Haywood and Mike Miller, and it hasn't taken long for them to make use of some of that extra salary wiggle room.
According to ESPN's Dave McMenamin. the Finals runners up are bringing back Matthew Dellavedova on a one-year deal.
The popular Australian played a key part in the Cavaliers' playoff run, stepping in amidst a host of injuries. In light of his postseason contribution, the point guard had been holding out for a bigger deal that has reportedly been signed however.
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Earlier reports had suggested the fan favorite was looking for around $4 million per season to return to the Cavaliers but, with Cleveland looking at a hefty luxury tax bill even with today's trade deals, that target was never realistic.
Indeed, NBA financial guru Bobby Marks outlined last week how a $4 million deal would effectively have turned Matthew Dellavedova into a max contract player for next season.
With Dellavedova set to return to his back up role once Kyrie Irving proves his fitness over the offseason, the $1.2 million deal is more reflective of the Aussie's role.
The player himself, in taking the one-year contract with the Cavs, is clearly hoping that he can prolong his time in the limelight when the new campaign gets underway. If he can replicate his doggid defensive work for an entire campaign then he certainly stands a lot better chance of securing a bigger contract next summer - in Cleveland or elsewhere.
Cavs not done
The Matthew Dellavedova deal will please LeBron James after the four-time MVP singled out his teammate for praise during the NBA Finals. But, with LeBron having called for the Cavs to put together a strong roster for the 2015-16 season, there is still work to do.
The Cleveland hierarchy are still working to bring back Tristan Thompson on a contract that will be near max level whilst the future of J.R. Smith is still unclear.