JULY 11, 4:56pm: The Cavs and Harangody have made the signing official, according to Jason Lloyd of the Akron Beacon Journal (Twitter link).
JULY 3, 9:29pm: Cavaliers forward Luke Harangody signed his $1.1MM qualifying offer to stay with the team, tweets Yahoo! Sports columnist Adrian Wojnarowski. In 21 games last season, the 24-year-old averaged 2.9PPG and 2.5RPG. Harangody was acquired by the Cavaliers in a trade from Boston at last year's trade deadline.