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.