Phoenix makes it official on the Isaiah Canaan waiver. …

3 years ago via ESPN
Phoenix makes it official on the Isaiah Canaan waiver. The Suns will have a $456,733 cap hit if Canaan is not claimed. The guard signed a $1.75M non-guaranteed minimum contract back in August and is eligible to be claimed by all 29 teams. The roster is now down to 13 players and the Phoenix will have two weeks to sign a player.

More on Isaiah Canaan Free Agency

Shams Charania: The Suns are releasing guard Isaiah Canaan, per league sources on @TheAthleticNBA @WatchStadium. Canaan started 15 of Phoenix’s 20 games so far this season. Devin Booker has started at point guard in recent games.
Gerald Bourguet: Suns announce they've re-signed Isaiah Canaan. Can't say I was expecting this one, but it's cool to see him work his way back from injury onto an NBA roster

http://twitter.com/Suns/status/1025486264852656129
Second, Gilbert loves underdogs like Thomas. He sees himself as an underdog, a self-made billionaire who went to Michigan State, not the Ivy League. In 2016, Gilbert was the driving force behind paying $2.4 million to buy a draft pick to take Kay Felder, an undersized point guard from Oakland University who attracted Gilbert because of his ability to overcome challenges. Felder didn't make it with the Cavs, but Thomas is the embodiment of what the Cavs were dreaming of with Felder.
Shams Charania: Sources: Suns are signing guard Isaiah Canaan to a minimum deal for the remainder of the season. Canaan has averaged 13 points, 5 assists since joining team on hardship exception.
“Mike established himself as an NBA player here and our partnership proved to be beneficial,” Suns general manager Ryan McDonough told Yahoo Sports. “Mike had a handful of 20-point games and helped us win a few games. We wish Mike the best as he works to find another home.” James’ release comes as young star Devin Booker and rookie Davon Reed are working to return to the court for the Suns, while Isaiah Canaan also has had strong performances since joining the team on an injury-hardship exemption. Canaan, who’s averaged 13 points and five assists in four games backing up Tyler Ulis, agreed to a minimum deal for the remainder of the season on Friday, league sources told Yahoo Sports.
"We're disappointed because I know Isaiah was really excited about getting back with the Rockets," Canaan's agent Mark Bartelstein said. "When they got the perimeter play of Trevor back, Daryl (Morey) the Rockets general manager called and said 'I don't think there's enough minutes for us to just justify using up our cap flexibility.'
Mark Bartelstein: "While we're disappointed, we understand it. If there's not an opportunity for Isaiah to play, they're so tight up against it, it, put them in a tough situation. They want to stay in close contact where if something were to happen with the roster and they have a need, I know he's the first guy they'll look at."
Michael Scotto: Oklahoma City Thunder will waive guard Isaiah Canaan, a league source told @BBallInsiders.
Chris Haynes: Free agent guard Isaiah Canaan has agreed to two-year, $2.2 million pact with Chciago Bulls, league source told @clevelanddotcom.
Vincent Goodwill: Bulls sign G Isaiah Canaan to two-year deal worth $2.2 million, second year team option, per a source. @Chris Haynes had it first
Storyline: Isaiah Canaan Free Agency
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June 12, 2021 | 12:41 am EDT Update

Cavs eyeing Alex Caruso, TJ McConnell?

Any potential free agency list should start with Indiana’s T.J. McConnell and Los Angeles pest Alex Caruso. Both are Cavs targets. Both fit really well. Some prefer Caruso. He’s younger, bigger, stronger and can guard multiple spots. Others like McConnell more. Even though he doesn’t shoot many 3s, he’s more polished, capable of filling in as starter, puts pressure on the rim and was the league’s total steals leader.
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The Cavs might also be looking for another center. Isaiah Hartenstein, who arrived in the JaVale McGee deal with Denver, has a player option. Sources expect him to exercise that and become a free agent. Hartenstein, who made the minimum this past season, likes it in Cleveland. But he boosted his value over the final few months and opting in would make him underpaid at $1.7 million. Hartenstein’s preference, according to sources, is to renegotiate a more lucrative long-term deal, staying with the Cavs as Allen’s backup.