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Cavs sign guard London Perrantes to two-way contract, per report

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The Virginia product played for the Heat in summer league.

NCAA Basketball: NCAA Tournament-First Round-Virginia vs North Carolina-Wilmington Kim Klement-USA TODAY Sports

According to The Vertical’s Shams Charania, the Cleveland Cavaliers have signed guard London Perrantes to a two-way contract.

Perrantes, 23, played for four years at the University of Virigina. As a senior, he averaged 12.7 points and 3.8 assists per game. He then played for the Miami Heat in summer league league before spending training camp with the San Antonio Spurs. He was waived by San Antonio on Oct. 12.

At 6’2”, 189 pounds, Perrantes projects as a point guard at the NBA with some ability to be a combo guard. Per NBA rules, he can spend up to 45 days with the Cavs this season. He will make $75,000 with the Canton Charge, Cleveland’s G-League affiliate, and a pro-rated version of the NBA rookie minimum of $815,615 for every day he spends with the Cavs.

Guard John Holland is signed to the Cavs’ other two-way contract. Veteran center Kendrick Perkins will also play for Canton.