9:45pm: Cleveland has officially signed Thomas and waived Bolden, Russo tweets.
Thomas had been on a two-way deal with Houston, but was cut earlier in the month to open up a spot for Ray Spalding. Thomas saw very limited minutes in four games for the Rockets, but has been a regular starter for the club’s NBAGL affiliate, averaging 16.4 PPG, 7.8 RPG, 3.0 APG, and 1.6 SPG in eight games (33.4 MPG) for the Rio Grande Valley Vipers.
Cleveland will waive two-way center Marques Bolden in order to make room for Thomas, sources tell Kelsey Russo of The Athletic (Twitter link). Bolden has played 29 total minutes in six games for the Cavs this season and has also had a limited impact at the G League level, recording 6.3 PPG and 6.0 RPG in three games (17.0 MPG) for the Canton Charge.
After officially completing those two transactions, the Cavs will once again have a 16-man roster, with 14 players on standard contracts and a pair on two-way deals. Dean Wade is the lone player on the standard roster without a fully guaranteed contract, but Chris Fedor of Cleveland.com (Twitter link) hears the club has no plans to waive Wade before today’s salary guarantee deadline.
Lamar Stevens, the Cavs’ other two-way player, has recently emerged as a regular part of the club’s rotation, and a source tells Fedor that Cleveland will likely consider converting Stevens’ contract to a standard contract at some point. However, the fact that the Cavs are clearing space for Thomas by waiving Bolden rather than promoting Stevens to fill the open spot on the 15-man roster suggests that’s a decision that will be made later in the season.