Unable to secure a long-term deal to his liking in free agency, Matthew Dellavedova instead accepted the Cavaliers’ qualifying offer and will return next season on a one-year deal worth about $1.1 million.
The Cavs on Monday officially announced Dellavedova’s return and the trade sending Brendan Haywood and Mike Miller to the Portland Trail Blazers, along with draft picks, in an effort to create roster flexibility and two trade exceptions worth roughly $10.6 million and $2.95 million.
Terms of Dellavedova’s deal were not made public, but a league source, speaking on condition of anonymity since the numbers were not released, confirmed Dellavedova indeed accepted the qualifying offer.