1:50pm: Felder’s deal is for three years and is worth $2.49MM with a partial guarantee of $1MM included, Tony Paul of The Detroit News reports.
9:01am: The Cavaliers have officially signed 2016 second-rounder Kay Felder, the team announced. The exact length and terms of the arrangement are not yet known, but it is likely a minimum salary pact that include a partial guarantee.
Cleveland acquired the rights to the diminutive guard on draft night from the Hawks in exchange for $2.4MM, so the team already has made a significant investment in the rookie. LeBron James was reportedly a supporter of the move to nab Felder, which certainly doesn’t hurt his chances of sticking with the Cavs this season, though he’ll likely be ticketed for some extended D-League time early in the season to help speed up his development.
Felder, 5’9″, impressed with his play in the Las Vegas Summer League for Cleveland’s squad. In seven contests he averaged 15.3 points, 3.4 rebounds and 3.9 assists in 29.9 minutes per outing while shooting .420/.227/.783.
During the 2015/16 campaign, Felder appeared in 35 contests for Oakland, averaging 24.4 points, 4.3 rebounds, 9.3 assists and 2.0 steals. Over his three-year collegiate career, all with Oakland, he played in a total of 101 games with averages of 17.5 points, 4.3 rebounds, 7.8 assists and 1.6 steals in 35.9 minutes per contest. His career shooting line was .426/.345/.822.