The Cavaliers began shopping Iman Shumpert with the intent of re-signing fellow guard Kyle Korver.
The latter was accomplished Sunday when Korver and the Cavs agreed to a three-year deal worth $22 million, according to The Vertical.
Korver, 36, was traded to the Cavs by the Hawks in January and averaged 10.7 points in 35 games with the Cavaliers. He shot nearly 49 percent from 3-point range, though that dipped to 39 percent in the playoffs.
Still, the 6-7 swingman gives the Cavs a legitimate sniper from behind the arc and a veteran presence to back up starting guards Kyrie Irving and J.R. Smith.
The Cavs, who also added Korver’s former Atlanta teammate Jose Calderon this weekend, are now free to continue their plan to send Shumpert — and his four-year, $40 million contract — to the Rockets to clear up cap room for possible future deals.
Signing period ends for Transition Players with outstanding tenders. After this date and until 4:00 p.m., New York time, on the Tuesday following the 10th weekend of the regular season, prior club has exclusive negotiating rights.
Signing period ends for Unrestricted Free Agents to whom a “May 9 Tender” was made by prior club. After this date and until 4:00 p.m., New York time, on the Tuesday following the 10th weekend of the regular season, prior club has exclusive negotiating rights. (* or the first scheduled day of the first NFL training camp, whichever is later.)