Cleveland Cavaliers News

The Nets are working an offer to land the small forward James Posey. His agent was hoping for an offer last night but said it might go into the weekend before Posey makes his choice.
“We’ve been talking and talking for a while,” Posey’s agent, Mark Bartelstein, confirmed yesterday. “And while it’s hard to get into [...]

According to the Bucks general manager Larry Harris, the Cavaliers were closed to sign Mo Williams for the mid-level exception. The Bucks re-sign the point guard for almost $8 million a season.
Source: The News-Herald 
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Allan Houston is looking to return to the NBA, ESPN reports. Cleveland was one of the teams mentioned along with Dallas.
Houston is 36 and was forced into retirement in October 2005 after an arthritic left knee limited him to just 70 games over the previous two seasons.
Houston said he has been working out hard for [...]

The Cavs have made it known that they will not trade Drew Gooden or be involved in a sign-and-trade with Varejao unless they get a quality big man in return, Brian Windhorst said.Trade talks between the Golden State Warriors and Cleveland Cavaliers regarding Drew Gooden and Anderson Varejao have been rumored to provide the Cavaliers [...]

Trade talks between the Golden State Warriors and Cleveland Cavaliers regarding Drew Gooden and Anderson Varejao have been rumored in the past few days.
League sources indicated on Thursday that Gooden may be moved to the Warriors for the Traded Player Exception the Warriors acquired in the Jason Richardson trade on Draft Night. Such a move [...]

Anderson Varejao doesn’t seem to be happy with the current off-season. According to Marc Stein, Varejao is strongly considering the prospect of calling off negotiations this summer and invoking Cleveland’s $1.3 million qualifying offer for next season, because the sides are so far apart in negotiations. That way, Varejao would become an unrestricted free agent [...]

The Bibby trade talks between the Kings and Cleveland Cavaliers have resurfaced, according to Sacramento Bee.
Although the discussions between Kings basketball president Geoff Petrie and Cleveland general manager Danny Ferry have temporarily stalled, a three-team deal appears to have come close to taking place.
The Cavs were believed to be after the rights to Argentine [...]

Earlier this week, many sources suggested that Anderson Varejao received an offer from the Memphis Grizzlies.
According the Cleveland Plain Dealer, “Cavaliers restricted free-agent forward Anderson Varejao has not received any offers from the Memphis Grizzlies or any other team.”. According to several reports, the Grizzlies are running after the Chicago Bulls restricted free-agent forward Andres [...]

Free-agent forward Rashard Lewis, who has played his entire nine-year NBA career in Seattle, is headed to Orlando after agreeing to a long-term deal with the Magic, according to multiple reports.
An Orlando television station, WKMG Local 6, reported Monday that Lewis had agreed to a five-year, $75 million contract, while ESPN.com, citing NBA front-office sources, [...]

The Cavaliers reached out to Toronto’s Morris Peterson in the opening minutes of the free-agent negotiating period Saturday night,
Peterson also received offers from the Jazz, Miami, New Orleans, Golden State, and Sacramento.

The 6-foot-7, 220-pound Peterson is a shooter first and foremost, taking some 57 percent of his shots this season from the three-point arc. He [...]

According to some sources, Anderson Varejao received $7 million offer from the Memphis Grizzlies. Anderson can sign an offer sheet July 11th and because he is a restricted free agent, the Cavaliers will be able to match that.
The Grizzlies have about $8.3 million to spend in free agency.  “They are expected to throw some of it [...]