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.