Cavaliers waive A.J. Price

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It’s been a busy week for the Cavaliers.

They traded Dion Waiters in a three-team deal that landed Iman Shumpert and J.R. Smith in Cleveland. Then, they flipped a first-round pick acquired in that trade and and another first rounder for Timofey Mozgov.

Those moves brought their roster to a full 15 players, so no other moves were imperative to stay below the player limit.

But they made a move on A.J. Price, whose unguaranteed contract would have become fully guaranteed if not waived by 5 p.m. today. Cavaliers release:

The Cleveland Cavaliers have waived guard A.J. Price, Cavaliers General Manager David Griffin announced today.

This is the third time Price has been waived this season. The Cavaliers signed and waived him, then the Pacers did the same. That time, Cleveland claimed Price off waivers.

If Price goes unclaimed now, he’ll cost the Cavaliers $220,735 in luxury-tax payments for the 41 days he spent on the roster on this contract. If another team claims him, that amount will be cleared from Cleveland’s books. This is the same reason the Clippers traded Jared Cunningham to the 76ers, who waived him, rather than just waiving him themselves. Philadelphia, below the salary floor, doesn’t mind eating that salary and got draft considerations for the trouble.

For the Cavaliers, this was about moving before Price’s contract became guaranteed. What will they do with the open roster spot? Maybe sign someone to a 10-day contract – maybe even Price. Of course, the big fish, Ray Allen, is still available, even if he’s unsure whether he’ll play.