10:00am: Stauskas has officially signed with the Cavs, the team confirmed today in a press release.
9:14am: Free agent shooting guard Nik Stauskas has reached a rest-of-season deal with the Cavaliers, reports Chris Fedor of Cleveland.com. While the Cavs have yet to officially announce the signing of Stauskas, he’ll fill the club’s open roster spot, according to Fedor.
It has been an eventful week for Stauskas, who was initially traded from the Trail Blazers to the Cavaliers last Monday. The former eighth overall pick was rerouted to Houston in a three-team trade on deadline day, then was sent from the Rockets to the Pacers in a separate Thursday deal. Indiana subsequently waived Stauskas, putting him on track to reach unrestricted free agency.
The rules of the NBA’s Collective Bargaining Agreement prohibit a team from trading a player, then re-signing him once he’s waived by his new team. However, since the Rockets traded Stauskas again to the Pacers before he was released, Houston was the only team ineligible to re-sign him — Portland and Cleveland faced no such restrictions.
Stauskas, 25, hasn’t developed into the sort of reliable sharpshooter that many league observers expected when he selected in the 2014 draft. However, he has shown enough promise during stints in Sacramento, Philadelphia, Brooklyn, and Portland to earn a spot on the Cavs’ roster for the rest of the season.
In 44 games (15.3 MPG) for the Blazers this season, Stauskas averaged 6.1 PPG on .419/.344/.889 shooting.