After one tumultuous season with the New York Knicks, former NBA MVP Derrick Rose is finalizing a one-year agreement with the Cleveland Cavaliers, a person with knowledge of the situation told USA TODAY Sports.
The person requested anonymity because the deal wasn't announced publicly.
The one-year deal is for the veteran's minimum at $2.1 million.
Rose's signing comes on the heels of last week's possibly landscape-altering news that Kyrie Irving told Cavs management he was seeking a trade out of Cleveland.
If the Cavs follow through on Irving's request, Rose gives the team insurance in the backcourt. Rose would also get the chance to be an immediate starter on a title-contending team. If the Cavs don't trade Irving, Rose provides upgraded backcourt depth.
The Lakers were also pursuing Rose despite selecting point guard Lonzo Ball with the No. 2 pick in last month's draft.
Shortly after news of Rose's contract broke, LeBron James weighed in on social media.
Rose, who averaged 18.0 points, 4.4 assists and 3.8 rebounds in 64 games for the Knicks, had his season cut short after suffering a torn meniscus in his left knee late in the year.
Though injuries ultimately undermined Rose's time with the Chicago Bulls prior to last season, he at times showed glimpses of the athleticism that made him the 2010-11 MVP.
His 47% field goal percentage was his highest since 2009-10, and he still consistently showed the speed and ability to get to the rim.
The Vertical first reported Rose's deal.