On Monday, the Cleveland Cavaliers announced the re-signing of small forward Alonzo Gee, almost a month after it was initially reported that they had done so. It was speculated that minor details in the dollar amount kept the contract from being finalized, and we'll likely never know if that was truly the case. What we do know, according to HoopsHype, is that Gee's three-year deal is worth $10 million.
Gee will make $3.5 million in 2012-13, $3.25 in 2013-14 and another $3.25 in 2014-15 if the Cavs exercised the team option on his contract.
That's a very evenly-distributed contract, so there's still no confirmation on what was the holdup between the initial reports and the announcement from General Manger Chris Grant on the signing. Those initial reports also said three years at $10 million, so that wasn't the sticking point. It might come in the team option for the third year.
Gee is expected to be the Cavaliers' starting small forward on opening night, and he'll be looking to build on some career bests in points scored (10.6), rebounding (5.1) and free throw percentage (.788). It looks like good value for the Cavaliers, who might have a lot of young talent needing to be re-signed in the coming years.