Cavs, Ricky Rubio Discuss Possible Parting Of Ways

12:40pm: Chris Fedor of Cleveland.com confirms that the Cavaliers and Rubio are discussing options, but says they’re not close to reaching a resolution at this time. A trade would be Cleveland’s preferred path, Fedor adds.


12:15pm: The Cavaliers and Ricky Rubio have begun to discuss the possibility of a parting of ways, sources tell Shams Charania and Joe Vardon of The Athletic.

Rubio hasn’t been with the Cavs at all this season after announcing in August that he was pausing his playing career for mental health reasons. The veteran point guard, who remains in Spain, isn’t expected to play this season and there are “serious doubts” about whether he’ll ever resume his career, according to Charania and Vardon, who hear that the 33-year-old isn’t believed to be engaging in basketball activities to stay sharp.

The Cavs, meanwhile, are dealing with long-term injuries to Darius Garland, Evan Mobley, and Ty Jerome, and are carrying an open roster spot for luxury tax reasons — they’re only $752K below the tax line, per ESPN’s Bobby Marks (Twitter link). Freeing up some money and a roster spot would put the team in a better position to address its roster depth, particularly in the backcourt.

Rubio’s cap hit for this season is approximately $6.15MM. He’s on the books for $6.44MM next season, though only $4.25MM of that 2024/25 salary is guaranteed.

As Charania and Vardon detail, a buyout, a waive-and-stretch, and a trade are some of the potential routes the Cavaliers figure to consider. A waive-and-stretch transaction is presumably the least attractive of those options, since the deadline to stretch this season’s salary has passed — Rubio’s $6.15MM cap charge for ’23/24 would remain unchanged, meaning Cleveland wouldn’t create any additional financial flexibility below the tax line.

Negotiating a buyout with Rubio would allow the Cavaliers to reduce his cap hit for this season, but Charania and Vardon note that the team wants to “do right” by the veteran, who is considered a major part of the team’s resurgence in recent years. That suggests the front office may be reluctant to ask him to give up a significant chunk of money.

Jake Fischer of Yahoo Sports reported earlier today that a trade involving Rubio was a possibility, and it might be the most appealing option if the Cavs can find the right sort of deal. If Cleveland were to attach a draft asset to Rubio and move him in a trade for a player who’s earning less than him, it could clear a path for the club to fill the 15th spot on its roster without surpassing the tax threshold. In that scenario, Rubio’s new team would then be responsible for either negotiating a buyout or simply waiving him.

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