UPDATE: Jose Calderon is headed to Cleveland on a one-year contract, per his sports agency.
Jose Calderon is a free agent this summer with a cap hold against the Atlanta Hawks books at $1,471,382. With that as the backdrop, the Game 4 playoff hero is reportedly a target of the Cleveland Cavaliers to serve as a backup to Kyrie Irving.
Cavs have targeted Jose Calderon to be their backup point guard, per source. The interest is mutual.— Jason Lloyd (@JasonLloydNBA) July 1, 2017
Calderon, who will turn 36 in September, signed the Golden State Warriors midseason in 2016-2017 before eventually ending up in Atlanta. Given his age, it would make sense that Calderon would be looking to land with a title contender and the Cavs have an opening behind Irving with Deron Williams sitting on the free agent market.
Cleveland does have a developmental point guard in Kay Felder, who the Hawks sold to the Cavs during the 2016 NBA Draft. Still, the sharp-shooting Calderon likely makes more sense for the Cavs playing with LeBron James than he would with a (presumably) retooling Hawks team for the 2017-2018 season.
The Hawks could certainly target a third point guard to go along with Dennis Schröder and Malcolm Delaney (with Josh Magette on a two-way deal) but Calderon would likely need more money to stay in Atlanta if Cleveland is an option. That frankly wouldn’t be the wisest investment of resources.