4:45pm: The Sixers have officially signed Pargo a contract for the remainder of the season, the team announced today in a press release.
12:34pm: Following the expiration of Jeremy Pargo's 10-day contract with the 76ers, the team has agreed to re-sign the point guard to a rest-of-season deal, according to Adrian Wojnarowski of Yahoo! Sports (via Twitter).
No corresponding move to clear a spot on the roster will be necessary for the Sixers, who had been carrying 13 players. Even with Pargo under contract for the rest of the season, the club will have one open roster spot to facilitate a trade or sign another free agent.
Pargo, who appeared in 25 games for the Cavaliers earlier this season, was released by Cleveland when the team acquired three Grizzlies players in exchange for Jon Leuer. The Sixers signed Pargo to a 10-day deal back on February 7th, and saw the 26-year-old averaged 8.0 PPG and 2.7 APG in three contests before deciding to re-sign him for the season.