Cavs Waiving Jacob Gilyard

The Cavaliers are waiving point guard Jacob Gilyard , who came to training camp on an Exhibit 10 contract.

Gilyard, 26, is 5-foot-9 and has played a total of 42 NBA games with the Nets and Spurs, averaging 4.2 points and 3.4 assists.

The Cavs recently acquired his G League returning player rights in a trade with the Memphis Hustle.

He appeared in one preseason game and is now likely headed to the Cleveland Charge.

An Exhibit 10 contract is a non-guaranteed minimum-salary deal.

It doesnt count toward a teams cap unless the player makes the final roster.

It also can be converted to a two-way deal before the season begins or mean guaranteed money if a player is waived and then stays on the G League club for at least 60 days.

The Cavaliers return to preseason action on Wednesday with a road game against former coach J.B.

Bickerstaff and the Pistons.

This article first appeared on Hoops Wire and was syndicated with permission..

This article has been shared from the original article on yardbarker, here is the link to the original article.