‣ The Cleveland Cavaliers and veteran guard Ricky Rubio have agreed to a contract buyout, following Rubio’s decision to step away from the game.
‣ The buyout leaves $6.1 million on this year’s contract and $6.4 million for 2024-2025, providing the Cavaliers with extra cap space and an additional roster spot.
‣ If Rubio continues his professional career, it will likely be in his native country, Spain.
ESPN Sources: After stepping away from the franchise to address his mental health, guard Ricky Rubio and the Cleveland Cavaliers have agreed on a contract buyout. If Rubio — a 12-year veteran — plays professionally again, it will be likely in his native Spain.
— Adrian Wojnarowski (@wojespn)
So, here’s the scoop. The Cleveland Cavaliers and veteran guard Ricky Rubio have decided to part ways. They’ve agreed on a contract buyout, according to some insiders. You remember Rubio, right? He’s 33 and took a break from the game during the offseason. He was supposed to play for Spain in the FIBA World Cup.
The Cavs had this to say about the situation: “We remain fully supportive of Ricky and his efforts, which for now are best continued away from the team. We’ve excused his absence from camp. We’re in regular communication with Ricky and will continue to assist him in any way possible.” That was from a news release they put out in October.
Now, let’s talk about the Cavs’ position. A few NBA betting sites rank them 15th in odds to win this season’s championship. The Miami Heat and New York Knicks are showing better odds, according to sportsbooks.
ESPN’s Adrian Wojnarowski tweeted: “After stepping away from the franchise to address his mental health, guard Ricky Rubio and the Cleveland Cavaliers have agreed on a contract buyout. If Rubio — a 12-year veteran — plays professionally again, it will be likely in his native Spain.”
This buyout could mark the end of Rubio’s 12-year NBA career. The buyout has $6.1 million left on this year’s contract and $6.4 million for 2024-2025. This move gives the Cavaliers some extra cap space and a second roster spot. If Rubio continues his professional career, it’s rumored he’ll play in Spain.
Recently, discussions shifted to a buyout. It became known that Rubio had no plans to engage in any team activities with the Cavaliers or in the NBA ever again. In February 2022, Cleveland traded Rubio to the Indiana Pacers. However, he never played for Indiana as he was still recovering from an ACL tear — the second of his career.
During the offseason that same year, he signed a three-year, $18.44 million contract with the Cavaliers. Rubio missed most of the past two seasons recovering from the injury. Rubio played a combined total 67 regular-season games with Cleveland, dating back to the 2021-22 season. He also made three appearances off the bench with the Cavs in their 2023 first-round series against the Knicks.
Rubio appeared in 33 games a year ago, joining the team at midseason and averaging 5.2 points and 3.5 assists. He’s played professional basketball since he was a teenager in Spain, where he became the youngest player in the history of the Spanish ACB League at 14 years old.
Rubio was selected fifth overall by the Minnesota Timberwolves in the 2009 NBA Draft. The 6-foot-2 guard played the first six years of his career with the Wolves. Then, he made stops with the Utah Jazz (2017-19) and Phoenix Suns (2019-20 season).
In his 12-year NBA career, Rubio has made 603 starts in 698 career games. He averaged 10.8 points, 4.1 rebounds, 7.4 assists, 1.8 steals, and 29.6 minutes per game. Over his career, he also shot 38.8% from the field, 32.4% from 3-point range, and 84.3% at the foul line. At his best, Rubio was a great asset for any team’s backcourt.