AJ Price returns to the Cavs; team waives Will Cherry

In an interesting move, the Cleveland Cavaliers have required point guard AJ Price and waived reserve point guard Will Cherry.

Price, recently waived by the injury-laden Indiana Pacers, played in 10 games with them this season. He averaged 10.5 points per game on .438 shooting, including .385 from the three-point line, 1.4 rebounds and 2.7 assists in 19.3 minutes per game. A part of the 2014 Cavs training camp and preseason roster, Price appeared in six preseason games with Cleveland in October, averaging 7.2 points and 1.5 assists in 13.3 minutes per game. He was inactive for the Cavs first two regular season games before being waived on November 1.

Cherry, an undrafted rookie out of Montana, played in eight games for the Cavs this season, averaging 1.9 points in 8.6 minutes per game. He was signed to a two-year contract in early November, but the lack of guarantees—and penchant for late-game heat checks—made him expendable.

Price should see playing time while Matthew Dellavedova continues to rehabilitate after injuring his knee earlier this season.