JULY 8: The Cavaliers have officially completed the signing of Reto, per a team press release.
JULY 1: Free agent point guard Raul Neto is signing with the Cavaliers, reports Shams Charania of The Athletic (Twitter link). Neto will receive a one-year, minimum-salary contract, according to Chris Fedor of Cleveland.com (Twitter link).
Neto, 30, spent the last seasons in D.C. as a backup point guard for the Wizards and acquitted himself well, averaging 8.1 PPG, 2.7 APG, and 2.2 RPG on .465/.349/.819 shooting in 134 total games (20.7 MPG). The seven-year veteran previously spent time with the Jazz and Sixers.
The Cavaliers reached an agreement on Friday to bring back veteran point guard Ricky Rubio to back up All-Star Darius Garland, but Rubio is recovering from a torn ACL and is unlikely to be ready to play this fall.
While Rubio works his way back, Neto should get a chance to be Garland’s primary backup. He’ll presumably shift a spot down the depth chart when Rubio returns.
In addition to agreeing to terms with Rubio and Neto today, the Cavaliers struck a minimum-salary deal with center Robin Lopez, as they continue to add veteran depth to complement their core.