Cavs Sign Mo Williams

FRIDAY, 11:39am: The deal is official, the team announced.

“We’re very excited to welcome Mo back to Cleveland and we feel he will be a great fit with our team,” GM David Griffin said. “Mo is a proven, high-caliber playmaker and his ability to space the floor at either guard position will be essential for us.”

MONDAY, 8:40am: Point guard Mo Williams has reached an agreement with the Cavaliers, Adrian Wojnarowski of Yahoo Sports tweets. It’s a two-year, $4.3MM contract that includes a player option, league sources told Wojnarowski. Williams had also considered offers from the Spurs, Mavericks and Pelicans, Wojnarowski adds in a separate tweet. (Twitter links).

Williams, who played for the Hornets during the second half of last season, will provide insurance behind Kyrie Irving. The agreement will not deter the Cavaliers from trying to re-sign Matthew Dellavedova, Marc Stein of tweets.

A report last week indicated a deal between the Grizzlies and Williams was close but it was later denied. The Cavs had their $3.376MM taxpayer’s mid-level to spend. They will have $1.3MM of it left over, Brian Windhorst of tweets.

The 32-year-old Williams, who began last season with the Timberwolves, gives Cleveland scoring punch off the bench and could also start if Irving’s kneecap injury does not heal in time for the start of the regular season. Williams averaged 17.2 points and 6.0 assists in 27 games with the Hornets.

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