6:14pm: The Cavs made it official with a press release.
4:32pm: This time, it’s Price displacing Cherry from the Cavs’ roster. The Cavs have waived Cherry, according to Chris B. Haynes of Cleveland.com (via Twitter).
Cherry, 24 in February, appeared in eight games and played a total of 69 minutes for the Cavs this season. In that limited time, he averaged 1.9 PPG and 1.0 APG. Cherry signed a two-year, non-guaranteed deal for the minimum salary with Cleveland just weeks ago.
The guard averaged 12.8 PPG and 4.0 RPG while logging 25.3 minutes per contest in five games for the Cavs Summer League team in Las Vegas. Cherry also played for the Cavs’ D-League affiliate last season, when he provided 11.6 PPG, 3.7 RPG, and 4.5 APG in 30.4 MPG.
It’s a return to Cleveland for Price, who opened the season on the Cavs roster only to be let go within the first week of the regular season in favor of Will Cherry. The 28-year-old performed well in his brief 10-game stint with the Pacers, averaging 10.5 points, 2.7 assists and 1.0 turnover in 19.3 minutes per contest.
Even though Price played well, someone had to go in Indiana as the team’s hardship provision for a 16th roster spot had expired. Pacers coach Frank Vogel was complimentary of Price and said that he’s deserving of an NBA roster spot somewhere. The Excel Sports Management client has acknowledged that going overseas could be a possibility for him, but he’s undoubtedly happy to stay in the Association.