Pete Nance To Sign Exhibit 10 Contract With Cavaliers

Pete Nance has agreed to sign an Exhibit 10 contract with the Cavaliers after going undrafted on Thursday night, sources tell Chris Fedor of Cleveland.com (subscriber link).

As Fedor writes, Nance has ties to the organization — he’s the son of former Cavs legend Larry Nance and the younger brother of Larry Nance Jr., who spent parts of four seasons with Cleveland.

After spending four seasons with Northwestern, Nance transferred to North Carolina for his final “super senior” season in 2022/23, averaging 10.0 points, 6.0 rebounds and 1.1 blocks on .422/.320/.816 shooting in 30 games (30.1 minutes) for the Tar Heels. He had a larger offensive role with the Wildcats in ’21/22, posting 14.6 points, 6.5 rebounds, 2.7 assists and 1.1 blocks on .497/.452/.768 shooting in 30 games (27.2 minutes).

Nance is expected to play for the Cavs’ Summer League squad, Fedor adds, and will be present for training camp. His Exhibit 10 contract could potentially be converted to a two-way deal, but if he’s waived by the Cavs before the 2023/24 season starts, he’ll be eligible for a $75K bonus if he spends at least 60 days with the Cleveland Charge, the team’s G League affiliate.