3:49pm: Sam Amico of FoxSportsOhio.com reports that the Brooklyn Nets and Oklahoma City Thunder may have interest in signing Samuels.
12:14pm: The Cavs have waived power forward Samardo Samuels, the team announced. The team had until Monday to place him on waivers in order to avoid paying his minimum-salary contract for the rest of the season. The move leaves the Cavs with 14 players, 11 of whom are on fully guaranteed deals. Daniel Gibson's contract is partially guaranteed for $2.49MM, while Shaun Livingston and Kevin Jones are without any guarantee.
Samuels' deal included a partial guarantee of $200K, but since he's already earned more than that amount this season, Cleveland doesn't owe him any more money. He was in the final season of a three-year pact he signed with the team after going undrafted in 2010 out of Louisville. The 6'9" native of Jamaica averaged 5.9 points and 3.4 rebounds in 15.8 minutes per game for his career, but his numbers have steadily declined since his rookie season. This year, he's down to 3.2PPG, 1.2RPG and 10.9MPG.
Samuels was caught up in a minutes crunch at his position, where he was competing with Jones, Luke Walton and Jon Leuer for playing time behind starter Tristan Thompson. If they want to give him another shot without committing to him for the entire season, the Cavs could opt to bring him back on a 10-day contract, which can be signed starting Monday.