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The Cavaliers confirmed the deal Monday after Shams Charania of The Athletic first reported the agreement on a one-year, $3.4 million qualifying offer Sunday. Cleveland extended the offer late June, making him a restricted free agent and giving the team the ability to match any offer.
Joe Vardon of Cleveland.com reported in late July that the Cavs were likely to match any offer sheet, as they viewed the 25-year-old as a part of their future.
Cleveland acquired Hood during its midseason roster overhaul. While he earned a handful of starts early on, he settled into a bench role with his new squad.
The 6’8″, 206-pound guard went from averaging 16.8 points per game to 10.8 points in a reduced role with the Cavaliers. Despite the slight drop in overall numbers, he shot 44.2 percent (his previous career high for a season was 42 percent) from the field in 21 games following the trade.
Although he shot fairly well overall from the floor during the regular season as a Cavalier, he shot just 35.2 percent from three-point range after shooting 38.9 percent in Utah. That decline likely played a factor in him seeing a reduced role in the playoffs.
He averaged 5.4 points on 42.4 percent shooting and 1.8 rebounds