2:52pm: The Cavaliers have officially announced Stevens’ new multiyear contract, issuing a press release to confirm the deal.
11:51am: It’ll be a four-year deal for Stevens, according to Chris Fedor of Cleveland.com (Twitter link), who says the contract won’t be guaranteed beyond this season and will include a fourth-year team option.
11:42am: The Cavaliers are signing forward Lamar Stevens to a multiyear NBA contract, reports Shams Charania of The Athletic (Twitter link). Stevens is already on Cleveland’s roster, but only on a two-way deal. His new agreement with the team will give him a spot on the 15-man squad.
A rookie out of Penn State, Stevens has appeared in 37 games so far for the Cavs, averaging 4.4 PPG and 2.5 RPG in 13.1 minutes per contest. He’s also regarded as a strong defender, having told Hoops Rumors earlier this year that one of his goals is to eventually make the NBA’s All-Defensive team.
Cleveland currently has 13 players on full-season standard contracts, with Mfiondu Kabengele on a 10-day pact, so there’s an opening on the 15-man roster for Stevens. As such, no corresponding move will be required for his promotion.
The Cavaliers still have a portion of their mid-level exception available, so they could sign Stevens to a three- or four-year contract. Once it’s official, the move will open up a two-way slot for the Cavs, who could fill that opening with a developmental player before the end of the season.