Larry Hughes agrees to a five year contract with the Cavaliers

[CBBI]

Posted on Fri, Jul. 08, 2005

Cavs reach agreement with Hughes.


The Cavaliers have landed a top shooting guard.

According to league insiders, the team reached a verbal contract with Washington Wizards shooting guard Larry Hughes late Thursday.

It is believed the Cavaliers will sign him to a five-year contract starting at around $12 million per season when they are allowed on July 22.

Hughes averaged 22 points, 6.3 rebounds, 4.7 assists and a league-best 2.9 steals per game last season. He was named to the NBA's All-Defensive Team after helping lead the Wizards to their first playoff appearance since 1997.

The Wizards had intended to keep Hughes. But with two other stars, Gilbert Arenas and Antwan Jamison, with large salaries on the books, it is possible the Cavaliers simply out-bid them.

The Cavaliers had courted free agent point guards Ray Allen and Micheal Redd earlier this week. Redd agreed to a six-year, $90 million deal to stay with the Milwaukee Bucks. Allen decided to remain with the Seattle SuperSonics for $85 million over five years.

The Cavaliers, who still will have around $16 million to spend in free agency are believed to be focusing now on re-signing center Zydrunas Ilgauskas.

Source -- Akron Beacon Journal

 

[E-Light]

five-year contract starting at around $12 million per season

conflicting speech. 12 starting, or 12 million average?

damned reporters, they know nothing so they mix there speech to make it sound as they know exact figures.

 

[King]

Im guesssing it actually starts at about 9 or 10mil a season with annual raises. Not sure how that works though.

Ok....so I think I can celebrate now. I trust the ABJ. Now that we got Hughes we just gotta resign Z and add a couple shooters and I think we'll have a team that can contend for homecourt advantage next postseason.

 

[6ft7 and bald]

It better be an average salary of $ 12 m. ESPN.com, Yahoo or SI.com haven't confirmed this. Too bad our chat with Brian Windhorst wasn't 24 hours later !

 

[ChicagoCavFan]

SUCK IT WASHINGTON!!!!!

Is there any chance at all he could re-nig and sign with Washington if they match? Do they have the room to match?

Him and Snow at the top of the arc will cause headaches for opponents. Newble can still lock people up (when he wants to) as well. AD would also bring some intensity.

Here's to hoping Luke can be a 40% shooter from behind the 3-point line. We need it. I'm sure LeBron will be improved as well.

 

[James]

I cant wait till tomorrows Washington Post. Im pretty sure the Wizards can match the offer though...right?

 

[Dungong]

starting at $12 mill sounds a whole lot more realistic than averaging 12 million. With $16 mill left, i hope we can sign Z to something leaving 5-6 million in the cap, allowing us to outbid the MLE.

And the wiz could match, but this sounds like a max or near max contract offer to me (I think its max considering Hughes experience). If Hughes has verbally agreed, then he can bail, yes Washington can offer more, but Hughes isn't restricted and doesn't have to take it. If Washington signed Hughes to a comparable contract, they'd be cap strapped forever, so they instead tried to low-ball him and apparently pissed him off A LOT since everyone save for a few people counted Hughes as a lock to resign.

Course, everyone thought Boozer was going to resign last year

Bring on the Washington fan hate posts!

 

[Ron Mexic]

CBBI - I rep you! You beat me to this. I was too busy emailing the link to everyone I know!!

GO CAVS!!

CBBI - I like you sig! :rofl:

I'm so excited about this that I'm naked and have one golf shoe on! GO CAVS!

Now we need to sign Z and get a point!

 

[RichOne]

:woot: :wiggle: :spin: everyone was hoping for a redd signing today but we got the guy i was hoping for (after allen). we can all celebrate....

 

[cdt]

guys Hughes is Unrestricted and if they do he can decide cavs or wiz, if they do match so what it will be us or Washington, plus we can outbid them like Windhorst said we did. Looks like a done deal.

 

[Pioneer10]

Good day to be a Cavs Fans - our core outside of Z (Lebron, Hughes, Gooden, and AV) are all under 26

We overpayed for Hughes by a good amount but considering the circumstances it was the right thing to do.

In Ferry I trust

 

[RichOne]

now on espn confirmed yeah.......

http://sports.espn.go.com/nba/index

 

[ChicagoCavFan]

In that ESPN article, it states that JJ is in serious talks with Atlanta over a max contract.

 

[CBBI]

In that ESPN article, it states that JJ is in serious talks with Atlanta over a max contract.

Of course Phoenix will have the right to match since JJ is a restricted free agent.

 

[King]

If ATL ends up with JJ ill be kinda pissed.