TUESDAY, 3:40pm: The deal is official, the team announced.
9:49pm: Perkins will sign with the Cavaliers Tuesday before the team plays in Detroit, tweets Jeff Zillgitt of USA Today.
MONDAY, 4:14pm: Perkins has cleared waivers as expected, a source tells Jason Lloyd of the Akron Beacon Journal (Twitter link), clearing the way for him to sign with the Cavs.
SATURDAY, 3:30pm: Kendrick Perkins has finalized a buyout arrangement with the Jazz and intends to sign with the Cavaliers if and when he clears waivers, Royce Young of ESPN.com reports. Perkins was dealt to the Jazz on Thursday as part of a three-way trade with the Pistons and Thunder that sent Reggie Jackson to Detroit and Enes Kanter to Oklahoma City. The buyout has not been officially announced by the player or the Jazz as of yet, though Perkins’ agent Arn Tellem has informed Adrian Wojnarowski of Yahoo! Sports (Twitter link) that a buyout had been agreed upon.
The veteran big man was recruited by LeBron James to select Cleveland as his next NBA destination, Young notes. Perkins also drew heavy interest from the Bulls, Clippers, Pelicans, and Spurs, the ESPN scribe adds. The combination of a chance to contend for an NBA title along with an opportunity for playing time pushed Perkins to choose Cleveland over his other suitors, Young relays. The Cavs currently have 14 players on their roster, so no additional move would be required to sign Perkins. No contract details for Perkins have been released, but the Cavs do have a disabled player exception worth $4,852,273 for Anderson Varejao that they could use to sign Perkins for more than the minimum.
Perkins, 30, is making $9.654MM this season and would have become an unrestricted free agent at the end of the season. In 51 appearances this season, all with the Thunder, Perkins is averaging 4.0 points, 5.5 rebounds, and 0.7 blocks in 19.2 minutes per contest.