JUNE 28: The move is now official, according to RealGM’s NBA transactions log.
JUNE 27: The Cavaliers have decided to pick up their $2.445MM option on center Kendrick Perkins‘ contract, Dave McMenamin of ESPN reports. Cleveland had to make a decision by Friday whether to pick up his option.
The move was made to give the Cavs the option of adding his contract for a potential trade, McMenamin continues. Perkins’ salary is still non-guaranteed, but it would become guaranteed if he’s included in a trade. This also signals that Cleveland isn’t afraid to add to its already bloated payroll in order to improve the team, despite the uncertainty of LeBron James‘ future with the franchise.
A no-trade restriction on Perkins will be lifted on July 11.
Perkins, 33, was signed the last day of the regular season and appeared in that game but didn’t play in the postseason. He also played for Cleveland during the preseason.
He hadn’t appeared an NBA game since the 2015/16 season with the Pelicans.