News broke this afternoon that former UVA point guard London Perrantes is close to finalizing a two-way NBA contract with the Cleveland Cavaliers.
Sources: Cleveland and former Virginia guard London Perrantes are finalizing a two-way NBA contract. Perrantes was a Spurs' cut out of camp.
— Shams Charania (@ShamsCharania) October 18, 2017
Perrantes played summer league with the San Antonio Spurs before being cut prior to the start of the season.
A two-way contract is a new implementation for this season that allows a player to “spend a finite amount of time with their respective NBA team and the rest of their season with a G-League affiliate.