According to a reliable source (it was C.J. Miles himself), the Cavaliers and Miles have come to an agreement and the wingman officially signed with the team this afternoon.
Papers signed .. It's a done deal— C.J. Miles(@masfresco) August 8, 2012
The team also announced the deal on their official website.
“C.J. brings solid NBA experience to the team, yet is still just entering his prime at 25,” said General Manager Chris Grant. “His ability to play multiple positions adds depth and flexibility to our roster.”
We dont know the numbers on it yet, but it's a two-year deal. I bet it's around $2 or 3 million a year. I approve of this signing.