With Mike Brown looking to take hold of the Cleveland Cavaliers heading into 2013-14, it appears that Wayne Ellington appears to be one of the only reserves in the plans going forward.
In a recent report from Bob Finnan of The News-Herald, the Cavaliers appear geared to present Ellington with a qualifying offer that will allow the team to match any offers he gets in the restricted market. Finnan added that the team is not 100 percent certain on bringing back veteran swingman CJ Miles ,and is set to part ways with forward/center Marreese Speights.
“The Cavs would like to sign Ellington,” writes Finnain. ”That means presenting him a qualifying offer of $3 million. It’s not as easy with Speights. It appears as if they hope he opts out of his deal. He might not fit their culture… The Cavs [also] own a team option on swingman C.J. Miles’ $2 million contract for next season. It’s not cut-and-dry that they pick it up, like once thought.”
Miles is under contract for an affordable $2 million in 2013-14, and provided quality depth off of the bench last season, averaging 11.2 points per game. The 25-year-old Speights is a bit of a different story as he will likely decline his player option and test the open market where he will garner more money that the team is willing to spend at this stage of their rebuilding process. Following the trade to Cleveland, Speights averaged 10.2 points and 5.1 rebounds per game, largely as a reserve.
If the Cavaliers do decline Miles’ option, and Speights opts out of his, the team will have less than $26 million in committed salaries heading into the draft.