Cavs exercising options on Evan Mobley, Isaac Okoro

The Cavaliers are exercising their 2023/24 rookie scale options on Evan Mobley and Isaac Okoro, sources tell Chris Fedor of Cleveland.com (Twitter link).

The news was expected, as both 21-year-olds are key members of a young Cleveland squad. Mobley will earn $8,882,640 in his third season, while Okoro will make $8,920,795 in his fourth. Exercising Okoro’s fourth-year option also makes him eligible for a rookie scale extension next summer.

Mobley was the Rookie of the Year runner-up in ’21/22 after averaging 15 PPG, 8.3 RPG, 2.5 APG and 1.7 BPG in 69 games (33.8 MPG). The 7-foot big man was the third overall pick in 2021.

Okoro was the fifth overall pick in 2020. The 6’5″ wing is an impressive athlete and strong defender, but needs to develop his offensive game. He’s averaged 9.2 PPG, 3.0 RPG, 1.9 APG and 0.9 SPG over his first two seasons (134 games, 31 MPG).

In unrelated news, the Cavs have waived Mamadi Diakite, Sharife Cooper, Nate Hinton, Jamorko Pickett and RJ Nembhard, tweets Kelsey Russo of The Athletic. The team officially confirmed the roster cuts (via Twitter). The Cavs now have 14 players on standard contracts and one two-way spot open after waiving Nembhard.

The Cavaliers plan to keep their 15th standard roster spot open to start the season, according to Fedor (Twitter link), who adds that Cooper, Hinton and Pickett are expected to join the Cleveland Charge, the Cavs’ G League affiliate. If they spend at least 60 days with the Charge, they could each receive a bonus worth up to $50K due to their Exhibit 10 contracts.

Diakite had a strong preseason showing for the Cavs, and Fedor wondered last night if they might keep him around. Obviously he won’t receive the final standard roster spot right now, but there’s a chance they could re-sign him to a two-way contract if he clears waivers. He was on an Exhibit 9 training camp deal, which cannot be converted into a two-way deal.