Dion Waiters: Option Picked Up by Cavs
Waiters' fourth-year option was picked up by the Cavaliers on Saturday, the Cleveland Plain Dealer reports.
Analysis:
Waiters, who is entering his third season, will earn $5.1 million next season with the option. He will be eligible for an extension next summer. If he's not extended by the Oct. 31, 2015, deadline, he will become a restricted free agent in the offseason of 2016.