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Cavaliers signing Kevin Pangos to two-year, $3.5M contract

Kevin Pangos in FC Barcelona v Zenit St Petersburg: Turkish Airlines Euroleague Play Off Game 5

BARCELONA, SPAIN - MAY 04: Kevin Pangos, #4 of Zenit St Petersburg brings the ball up court during the 2020/2021 Turkish Airlines Euroleague Play Off Game 5 between FC Barcelona and Zenit St Petersburg at Palau Blaugrana on May 04, 2021 in Barcelona, Spain. (Photo by Alex Caparros/Getty Images)

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As the NBA offseason has quieted, the Cavaliers are the only team in the last two weeks to give a free agent more than a minimum salary.

First, they acquired Lauri Markkanen ($67 million) in a sign-and-trade.

Now, they’re signing Kevin Pangos.

Bobby Marks of ESPN:

Pangos’ minimum this season was $925,258. He’ll also apparently earn more than his minimum next season ($1,563,518), as a $1.83 million salary would bring him to $3.5 million total.

Since going undrafted out of Gonzaga in 2015, Pangos – a Canadian – has been playing overseas. The 28-year-old has become one of the better players in Europe/Russia. He’s a solid shooter and distributor.

Cleveland already has Darius Garland and Ricky Rubio at point guard. So, Pangos likely lands third on the depth chart.

Consider this the latest indicator the Cavs don’t plan to use Collin Sexton, who has become more of a shooting guard, at point guard… if they even keep him.