Cavaliers Re-Sign Alonzo Gee To Multiyear Deal

2:39pm: Gee's deal is for three years and $10MM, with a non-guaranteed third year, tweets Jason Lloyd of the Akron Beacon Journal.

1:06pm: The Cavaliers have officially re-signed Gee, the team announced in a press release.

12:13pm: The Cavaliers have reached an agreement on a multiyear contract with Alonzo Gee, according to Mary Schmitt Boyer of the Cleveland Plain Dealer (via Twitter). Years and dollars aren't yet known, but last month we heard that the two sides could be closing in on a three-year agreement.

Gee, 25, had been one of two restricted free agents left on the market. The Cavs had extended a one-year qualifying offer worth about $2.69MM, which Gee could have accepted at any time, but he and the team had been working on a multiyear deal for most of the summer. Given the lack of serious interest Gee drew from other teams, I wouldn't expect a huge payday, but something in the neighborhood of three years and $10MM, perhaps with a team option on the third year, could work for both sides.

Gee enjoyed his most successful season in 2011/12, starting 31 of the 63 contests he appeared in for the Cavs. In 29 minutes per game, the 6'6" wing averaged 10.6 PPG, 5.1 RPG, and a 13.2 PER. When the Cavs officially finalize their deals with Gee and Kevin Jones, who is expected to sign later today, the team will have 18 players under contract.

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