Originally written on Waiting For Next Year  |  Last updated 11/10/14

The Cleveland Cavaliers have acquired point guard Jeremy Pargo, Memphis’ 2014 second round draft pick and cash considerations from the Memphis Grizzlies in exchange for guard/forward D.J. Kennedy.

“Our approach remains consistent as we try to bring in young talent, create future opportunity with draft picks as potential assets and maintain flexibility,” said Cavaliers General Manager Chris Grant. “Jeremy adds depth to our backcourt. He is a young, aggressive, athletic guard who we feel fits well with our style of play, both defensively and offensively. We look forward to welcoming him to Cleveland.”

Likely serving as a back-up to reigning Rookie of the Year Kyrie Irving going forward, Pargo, 26, played in 44 games (five starts) with Memphis last season, averaging 2.9 points and 1.3 assists in 9.7 minutes per game after signing with the Grizzlies as an undrafted free agent. In the 2010-11 season, Pargo appeared in 32 games for Maccabi Electra Tel-Aviv of the Israel Premier League and averaged 10.0 points, 3.5 rebounds and 6.3 assists in 27.1 minutes per game. He also appeared in 22 Euroleague games, averaging 13.0 points, 3.5 rebounds and 4.3 assists in 29.4 minutes per game.

He also did this roughly one week ago.

Kennedy appeared in two game for the Cavs last season and averaged 6.0 points, 3.5 rebounds and 1.5 assists in 29.5 minutes per game after being signed by Cleveland on April 21, 2012.

[Related: NBA Trade Rumors And The Dan Gilbert Narrative]

GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Josh Hamilton to be activated by Rangers

WATCH: Top CB recruit makes insane catch doing backflip

Biggest surprises of the MLB season

Marcus Mariota leads NFL in jersey sales for May

Report: Scott Skiles frontrunner for Magic coaching job

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Shanahan: injuries are not why Robert Griffin III struggles

Kyle Korver ruled out for remainder of playoffs

Randy Moss attends cancer survivor's graduation

Roger Staubach shares thoughts on Greg Hardy

Report: Jeff Van Gundy a candidate for Pelicans job

Marlins players skipped out on their own charity event

Warriors crush Rockets in Houston to take 3-0 series lead

Brian Matusz ejected for having foreign substance on arm

PHOTO: Don Cherry wears wild suit even for his taste

PHOTOS: Gigantic sinkhole at Jack Nicklaus golf course

WATCH: Memphis player catches defense sleeping, scores

WATCH: Astros turn around-the-horn triple play

French Open Women's preview: Who will make the quarters?

WATCH: Bryan Price gets ejected before game starts

WATCH: Vin Scully narrates fan's marriage proposal

WATCH: Harper, Matt Williams have special handshake

The Yankees are succeeding despite the numbers

Rick Fox and Khloe Kardashian spotted on date together?

NBA News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

Eight biggest surprises of the MLB season

Bryan Price ejected before first pitch

Vin Scully narrates marriage proposal

Pats fan's obituary defends Brady

Marlins players skip own charity event

John Wall tells All-NBA Team voters to ‘keep sleeping’

Jim Kelly: No doubt Tom Brady cheated

Post-combine NBA Draft big board: Top 30

Ex-players sue NFL for conspiring to push painkillers

Astros surprising, but can get better with Correa

Here come the Giants

Aaron Hernandez got new tattoo in prison

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.