The Cleveland Cavaliers have signed Chris Crawford to a two year, partially guaranteed deal. Crawford is a 22 year old point guard out of Memphis. The 6'4 guard shot 39.1% from the floor, 36.7% from behind the arc and 75.3% from the free throw line. The story was first reported by RealGM.
Crawford will likely compete with Matthew Dellavedova for a spot as the teams backup point guard. The Cavs also still have the trigger-happy John Lucas III on the roster. However, the sense is that he will be moved prior to the season.
With the presence of Kyrie Irving, Dion Waiters and LeBron James there isn't a large need for a backup point guard to initiate the offense. This signing is likely designed to help push Dellavedova, as well as a spare body just in case someone gets hurt for a prolonged period of time.
The terms of the deal have not yet been released, however I would be surprised if the second year didn't have a team option. It does appear as though the Cavaliers will need to remain active before the season starts in order to identify which 15 players they will move forward with.