Cleveland Cavaliers rumors have the team signing a new point guard. The Cavs are signing Jose Calderon to a one-year deal worth $2.3 million for the 2017-18 NBA season. This gives starting point guard Kyrie Irving a good backup on the roster and the Cavs another good three-point shooter. Calderon is expected to see all his minutes off the bench, but he could easily play some minutes next to Irving as well.

LeBron James was frustrated when the Cleveland Cavaliers lost to the Golden State Warriors during the NBA Finals, forcing the front office to make some offseason moves to make the team better.

While signing Jose Calderon may not make waves across the NBA, he is certainly the type of player who could come up with big shots for the Cavs next year. Calderon has also succeeded in clutch situations before, so this won't be much of an issue for him.

What has Jose Calderon done during his NBA career?

Most Cavs fans may recognize Jose Calderon as the floor general for Team Spain at the Summer Olympics. He helped lead the team to a gold medal in 2004 and a silver medal in 2012 when Spain lost to the United States in the final game. Many other point guards had been mentioned in Cleveland Cavaliers rumors, but it's unclear if any of them were willing to sign at such an inexpensive rate. It appears Calderon is chasing a ring with the Cavs this season.

The $2.3 million, one-year deal for Jose Calderon is considered the new veteran's minimum, which is allowed for teams that are already over the salary cap. The Cavs are certainly going to suffer a luxury tax penalty and the fines that go along with it this season, but that has become the cost of doing business in the NBA. If LeBron James can lead the Cavs to another championship, the final cost may just be worth it.

Is Jose Calderon any good?

In his 12-year NBA career, Jose Calderon has averaged 9.6 points and 6.2 assists per game. He spent time with the Toronto Raptors, New York Knicks, Dallas Mavericks, Detroit Pistons, Los Angeles Lakers, and Atlanta Hawks. Many NBA rumors also mentioned Calderon last season, as the Lakers had been looking to trade him.

The Lakers waived him, leading to Calderon signing with the Golden State Warriors, but then the Warriors also waived him before he played a game for them. He would finish the season with the Hawks.

The best season for Jose Calderon was probably in 2011-12 when he averaged 10.5 points and 8.8 assists per game. He is a pass-first point guard who shoots 40.9 percent from the three-point line over his career. That might allow him to get a lot of assists for the Cavs this season, especially since he may be very good at setting up Kevin Love, Kyrie Irving, and LeBron James. These Cleveland Cavaliers rumors are expected to be confirmed by the team later this weekend.