5:11pm: It appears that Cleveland's main intention was to secure rights over Jones, as Sam Amico of FOX Sports Ohio tweets that the team has sent Jones back to Canton after calling him up.
4:56pm: Gary Washburn of the Boston Globe tweets that the Cavaliers have waived Luke Harangody and signed 6'8 forward Kevin Jones. Although Harangody had earned a roster spot over Jones before the start of the regular season, the former Celtic had not appeared in an NBA game this year. His contract for this season was fully guaranteed and worth $1.05MM.
Jones has been on a tear in the D-League recently, averaging 27.0 PPG, 13.7 RPG, 54.0% shooting from the field, and a 92.3% clip from the charity stripe in 41.3 MPG through the first three games for the Canton Charge.