The dollar amount has not been reported, but it is likely a minimum contract.
Sources: Guard Kobi Simmons is signing a one-year deal with the Cavaliers. Simmons was recently released from two-way deal with Memphis.— Shams Charania (@ShamsCharania) September 14, 2018
Simmons spent the 2017-18 season on a two-way contact with the Memphis Grizzlies after going undrafted, and was waived by the team in August, despite a decent showing in Summer League.
The Cavaliers have reached four straight NBA Finals, but are in rebuilding mode after losing LeBron James to the Lakers, so Simmons has a legitimate chance to earn a spot in their rotation. But there is no guarantee he even makes the opening night roster, so he will need to have a strong showing in training camp and the preseason.
Other guards on the Cavs’ roster include Collin Sexton, Jordan Clarkson, George Hill, and J.R. Smith.
Simmons appeared in 32 games (12 starts) with the Grizzlies last season, averaging 6.1 points per game. In 26 games with the Memphis Hustle, the Grizzlies’ G League affiliate, he averaged 15.1 points per game.