4:40pm: Price has officially been released, the Cavs have announced.
4:14pm: The Cavaliers have waived guard A.J. Price, Adrian Wojnarowski of Yahoo! Sports reports (Twitter link). Price’s contract was non-guaranteed, but if he wasn’t released by today’s deadline then Cleveland would have been on the hook for the remainder of his $866,789 salary. The Cavs had 15 players on their roster after the deal to acquire Timofey Mozgov, but this move will leave them with one open spot. The Cavs could conceivably bring Price back on a 10-day contract, though that is merely my speculation.
Price was signed by the Cavs prior to training camp, but was waived so that Cleveland could ink Will Cherry to a contract. The 28-year-old guard then was signed by the Pacers and appeared in 10 contests before being released when Indiana’s hardship provision they used to ink him had expired. The Cavs then brought Price full-circle when they claimed him off of waivers and waived Cherry, in order to bring Price back to Cleveland.
In 256 career games, Price has averaged 5.9 points, 1.5 rebounds, and 2.2 assists. His career slash line is .382/.319/.742.