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Bucks agree to terms on four-year deal with Matthew Dellavedova

Cavs restricted free agent Matthew Dellavedova agreed to a four-year, $38 million deal with the Milwaukee Bucks on Friday, a league source confirmed. The Cavs will have three days from the time Dellavedova signs it, presumably July 7, to match.

ESPN reported the Cavs and Bucks have discussed a sign-and-trade for Dellavedova, but there is no traction yet.

Dellavedova averaged 7.5 points and 4.4 assists while shooting 41 percent from 3-point range last season. He developed into a dependable catch-and-shoot point guard with a terrific assist-to-turnover ratio after he was an undrafted free agent three years ago, but he struggled in the Cavs’ postseason march to a championship and eventually fell out of coach Tyronn Lue’s rotation.

LeBron James tweeted out his congratulations to Dellavedova shortly after ESPN first reported the agreement, an indication the Cavs aren’t going to match.

“Good luck in Milwaukee,” James wrote. “Very deserving to you and your family.”

Dellavedova marks the second Cavs player to reach an agreement on the first day of free agency after Timofey Mozgov agreed to a four-year, $64 million offer with the Los Angeles Lakers. Contracts cannot be signed until July 7 when the league’s moratorium is lifted.

Bucks agree to terms on four-year deal with Matthew Dellavedova

Cavs restricted free agent Matthew Dellavedova agreed to a four-year, $38 million deal with the Milwaukee Bucks on Friday, a league source confirmed. The Cavs will have three days from the time Dellavedova signs it, presumably July 7, to match.

ESPN reported the Cavs and Bucks have discussed a sign-and-trade for Dellavedova, but there is no traction yet.

Dellavedova averaged 7.5 points and 4.4 assists while shooting 41 percent from 3-point range last season. He developed into a dependable catch-and-shoot point guard with a terrific assist-to-turnover ratio after he was an undrafted free agent three years ago, but he struggled in the Cavs’ postseason march to a championship and eventually fell out of coach Tyronn Lue’s rotation.

LeBron James tweeted out his congratulations to Dellavedova shortly after ESPN first reported the agreement, an indication the Cavs aren’t going to match.

“Good luck in Milwaukee,” James wrote. “Very deserving to you and your family.”

Dellavedova marks the second Cavs player to reach an agreement on the first day of free agency after Timofey Mozgov agreed to a four-year, $64 million offer with the Los Angeles Lakers. Contracts cannot be signed until July 7 when the league’s moratorium is lifted.

One of Cincinnati’s largest private firms sold for $1.5B
The investment group that owns Mason-based Intelligrated Inc., one of the largest private firms in Greater Cincinnati, revealed Friday it plans to sell the company for $1.5 billion. London-based Permira entered into an agreement to sell Intelligrated to Honeywell International Inc. in an all-cash transaction. The deal with New Jersey-based Honeywell (NYSE: HON) is expected to close by the end of the third quarter, subject to regulatory review. Founded in 2001, Intelligrated has more than 3,100…
Celebrate Lane Bryant's Newest Location at Harvest Park Centre in Knoxville, TN

COLUMBUS, Ohio, July 1, 2016 /PRNewswire/ -- Lane Bryant, the nation's leading women's specialty size apparel brand, is excited to announce the Grand Opening of the brand's newest location at Harvest Park Centre in Knoxville, TN. To celebrate, Lane Bryant invites you to check out...


U.S. manufacturing grows at fastest pace in more than a year
The Institute for Supply Management’s index increased to 53.2 last month, the highest since February 2015 and exceeding the most optimistic projection in a Bloomberg survey of economists, from 51.3 in May, according to data from the Tempe, Arizona-based group.
DDR Corp. closes six sales worth $58 million in second quarter
The Beachwood-based real estate investment trust sold three operating assets for $45 million and three land parcels for $13 million.
Steris sells UK Linen Management Services business for about $66 million
The linen business had been part of Synergy Health, the British company that Steris acquired last year.
Republican convention to close roads, limit deliveries
Roads will be closed and deliveries to some downtown businesses restricted and searched during the week of the Republican National Convention beginning Saturday, July 16.
Estate of David S. and Helga Ives donates $1 million to Youngstown State University
The gift will support a number of scholarships and establish a visiting humanities scholars program.
Donald Trump takes a turn toward more conventional wisdom in Cleveland
Two weeks before the start of the RNC, plans for the event are in flux, though the candidate himself now says, 'I want it to be on message' and, 'You don’t want to make it so different that it’s no longer a convention.' Plus, conservatives including a Case Western Reserve law professor worry about Trump's approach to the Supreme Court, and zombie foreclosures start to move faster.
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