HoopsHype.com Rumors

Ronald Tillery: Recently waived DJ Kennedy will sign a training camp deal with Grizzlies. New contract limits team’s liability. Kennedy came via Pargo trade Twitter @CAGrizBlog

Memphis Grizzlies, DJ Kennedy, Training Camp 

Ronald Tillery: Griz announce they've waived D.J. Kennedy, who was sent in Pargo deal w/ Cavs with a non-guaranteed deal Twitter

Memphis Grizzlies, DJ Kennedy 

In trading Pargo, his $1 million guaranteed 2012/13 salary and a second round pick for Kennedy (whose minimum salary of $762,195 is fully unguaranteed), Memphis does a salary dump and nothing else. Even the $1 million TPE they open up in doing so (created as Kennedy's salary is absorbable via the minimum salary exception) is of little use, being so small. ShamSports.com

Cleveland Cavaliers, Memphis Grizzlies, Trade, DJ Kennedy, Jeremy Pargo 

The Cavaliers acquired point guard Jeremy Pargo, a 2014 second-round draft choice and cash from the Memphis Grizzlies for forward D.J. Kennedy, Cavs general manager Chris Grant announced Wednesday night. Cleveland Plain Dealer

Cleveland Cavaliers, Memphis Grizzlies, Trade, Chris Grant, DJ Kennedy, Jeremy Pargo 

"Our approach remains consistent as we try to bring in young talent, create future opportunity with draft picks as potential assets and maintain flexibility,'' Grant said in a press release. "Jeremy adds depth to our backcourt. He is a young, aggressive, athletic guard who we feel fits well with our style of play, both defensively and offensively.'' Cleveland Plain Dealer

Cleveland Cavaliers, Memphis Grizzlies, Trade, Chris Grant, DJ Kennedy, Jeremy Pargo 

Ronald Tillery: Griz send Jeremy Pargo, 2014 2nd round pick and cash to Cleveland for swingman D.J. Kennedy Twitter

Cleveland Cavaliers, Memphis Grizzlies, Trade, DJ Kennedy, Jeremy Pargo 

Two days after not being able to reach a deal with guard Lester Hudson, the Cavaliers signed guard/forward D.J. Kennedy from the Erie BayHawks of the NBA Development League for the final four games of the season. He will wear No. 12. In 44 regular season games (all starts) with the BayHawks, Kennedy averaged 15.7 points, 7.3 rebounds and 4.4 assists in 37.4 minutes per game while shooting 44.7 percent. Cleveland Plain Dealer

Cleveland Cavaliers, DJ Kennedy 

Alex Kennedy: D.J. Kennedy underwent successful surgery to repair his torn ACL today. The senior is expected to miss draft workouts. Twitter

Draft, DJ Kennedy