The move has been expected since the weekend, when Perkins tweeted out that he would be joining the Cavs after completing his buyout with the Utah Jazz. Perkins was traded to Utah from the the Oklahoma City Thunder as a part of a three-team deal ahead of last Thursday's trade deadline.
— Kendrick Perkins (@KendrickPerkins) February 21, 2015
The Cavs did not announce the financial terms of the deal, but according to ESPN's Marc Stein, Perkins will make $434,547 this season and have a cap number of $274,573.
Signing Kendrick Perkins today, as opposed to yesterday, puts his Cavs salary at $434,547 ... with a salary-cap number of $274,573— Marc Stein (@ESPNSteinLine) February 24, 2015
Perkins, who will wear Dion Waiters' old No. 3 in Cleveland, will be available for tonight's game against the Detroit Pistons.