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Cavs Waive Kapono, Sign Harris

The Cavs have waived forward Jason Kapono and signed guard Manny Harris, the Associated Press confirms. The moves had been anticipated last night.

Harris returns to the team after signing a pair of 10-day contracts earlier this year. His contract, likely for the minimum salary, will be guaranteed for the rest of the season. Harris played 54 games with the Cavs last year and with the team in training camp before this season began, but was cut after suffering a bizarre freezer burn injury at Nike facilities in Oregon. The 6'5", 185-pound University of Michigan product has averaged 5.8 points, 1.5 assists and 2.5 rebounds in two seasons.

Kapono, acquired in the deal that sent Ramon Sessions to the Lakers, is a three-point specialist who's fallen on hard times. A career 43.4% three-point shooter, his long-distance accuracy has slipped to 25.7% over the last two seasons.

Adrian Wojnarowski of Yahoo! Sports first tweeted last night that Kapono would likely be waived. Jason Lloyd of the Akron Beacon Journal reported via Twitter that Harris would replace him. Tom Reed of The Plain Dealer added detail.

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