Originally posted on Waiting For Next Year  |  Last updated 7/4/12

The Cavaliers will retain the services of Luke Harangody according to several reports tonight. The Cavalier forward will sign his qualifying offer of $1.1 million.

Luke Harangody has signed his $1.1 million qualifying offer to stay with the Cleveland Cavaliers, league source tells Y! Sports.

— Adrian Wojnarowski (@WojYahooNBA) July 4, 2012

The Cavaliers ‘lost’ Semih Erden to Turkey today, and cut Guard Manny Harris yesterday. They still have to make decisions about Daniel Gibson, Samardo Samuels and Kelenna Azubuike’s team options. Alonzo Gee will likely test the free agent market, but the Cavs will certainly match the offer sheet he signs. If the Cavs keep all of these players, they will have 13 players under contract, 14 if Kevin Jones makes the team.

[Related: Undrafted Rookie Kevin Jones Signs with Cavs]

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