3:26pm: The Cavaliers have made it official, announcing in a press release that they’ve signed Mooney to a two-way contract.
8:00am: After releasing Levi Randolph on Sunday to open up a two-way contract slot, the Cavaliers are expected to fill that opening by signing G League guard Matt Mooney, according to Chris Fedor of Cleveland.com. It’ll be a two-year, two-way deal for Mooney, Fedor adds.
An undrafted rookie out of Texas Tech, Mooney signed an Exhibit 10 contract with the Grizzlies in September and spent training camp with Memphis. Once the regular season got underway, he joined the franchise’s G League affiliate, the Memphis Hustle, where he has started 22 of 24 games, averaging 12.6 PPG, 4.5 APG, 3.3 RPG, and 1.7 SPG with a shooting line of .479/.368/.955.
Mooney, who will be Cleveland’s second two-way player alongside Dean Wade, will be eligible to spend up to 24 days in the NBA before the G League regular season ends in March. If the Cavs keep him for the entirety of his new two-way contract, Mooney will be eligible for restricted free agency during the summer of 2021.