According to ESPN's Marc Stein, the Cavs' signing on Willaims will not stop them from re-signing Dellavedova before he start of next season. Dellavedova, who is a restricted free agent, has yet to be linked to any other team and it may still be some time before he signs a new deal.
Even with Williams on the roster, there is likely still a role for Dellavedova with the Cavs. Although he's listed as a point guard, he's really more of an off-guard and is best suited to play next to a player - or, in the Cavs place, players - who dominate the ball. He's also a pesky defender, which Williams is not.
Last year, Dellavedova made $816,482 million as part of the last year of deal he signed with the Cavs as unrestricted free agent. A slight raise for Dellavedova is likely in order. Real GM's Shams Charania reported last week that the Cavs and Dellavedova were progressing towards a multi-year deal that would pay Dellavedova somewhere between $3 million and $5 million.
In 67 games last season, Dellavedova averaged 4.8 points and 3 assists while shooting 40.7 percent from deep. In the playoffs, Dellavedova averaged 7.2 points and 2.7 assists.
Stein also reports that the Cavs have not given up on re-signing J.R. Smith. Smith, like Dellavedova, has not been linked to any other teams as of yet. Smith averaged 12.7 points per game with the Cavs after being acquired from the New York Knicks in a mid-season trade. He is an unrestricted free agent, having not picked his player option for next season.