Second-round pick Tyrese Proctor has signed with the Cavaliers, according to NBA.com’s transactions log.
It’s a four-year, $8.69MM contract with full guarantees for the first two seasons, a partial guarantee for the third and a team option in the final year, sources tell Michael Scotto of HoopsHype (Twitter link).
Proctor was a third-team All-ACC selection this year at Duke, where he averaged 12.4 points, 3.0 rebounds and 2.2 assists in 38 games. The native of New South Wales is a product of the NBA Global Academy, which he attended in 2021, and a member of the Australian national team.
Proctor, who was selected at No. 49, is Cleveland’s highest draft pick this season. Having him fill a standard roster spot on a rookie contract rather than giving him a two-way deal will provide financial benefits for a Cavs team that is hovering near the second apron.