Cleveland saw its salary commitments for 2018/19 take a huge dive when LeBron James signed with the Lakers, but the Cavs still have a payroll of about $109.5MM. That’s over the $101.9MM salary cap, but about $20MM below the tax apron with the full mid-level exception ($8.6MM) and bi-annual exception ($3.3MM) still available.
Babbitt, 29, split last season between the Hawks and Heat. A career 40% shooter from 3-point range, Babbitt’s production fell after a February trade to Miami and he was barely used in the playoffs. Several European teams have expressed interest in signing him if he doesn’t land another NBA contract.
Booker, 30, spent parts of last season with the Nets, Sixers and Pacers. A rugged power forward, Booker had his best season in 2016/17, when he averaged 10.8 PPG and 8.0 RPG for Brooklyn.
No deal is considered imminent with either player, Vardon adds.
One of the Cavaliers’ open roster spots may be reserved for Rodney Hood, who had trouble adjusting to his new role after coming to Cleveland at the trade deadline but is still a valued prospect. He remains part of the plan for the future, a team source told Vardon. Hood is a restricted free agent, and the Cavs can match any offer he receives.
The source adds that Cleveland is “exploring all options” with its resources, including a $5.8MM trade exception from last summer’s Kyrie Irving deal that will expire August 22.
In addition, Vardon relays that there’s nothing new on a rumored trade that would send Kyle Korver to Philadelphia in exchange for Jerryd Bayless. The Cavs may see if they can get more for the 37-year-old marksman before dealing with the Sixers.