Tyrese Proctor to sign four-year, (AUD) $13.2M deal

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Sydney-born point guard Tyrese Proctor — taken with the 49th pick in the 2025 NBA Draft — has signed a four-year, $8.69 USD million deal (AUD $13.2M) with the Cleveland Cavaliers today (July 2, 2025).

The 21-year-old is Australia's latest millionaire men's basketballer with his first two seasons fully guaranteed, the third a "significant partial guarantee", and the last year of his contract, a team option.

Proctor will get minutes in the backcourt for the Eastern Conference contenders in 2025-26 after Ty Jerome left the Cavs for the Memphis Grizzlies as a free agent.

The Athletic's Sam Vecenie reports that Proctor slipping to the 49th pick after a being projected a late first round or early second round selection was "orchestrated".

"The Cavaliers were clear with agents pre-draft that they would be using No. 49 for a rostered player on their team, league sources said before the draft," Vecenie wrote.

"That made Cleveland a very desirable destination for players and their representation, as a number of teams in the 40s are likely to only give two-way contracts to their draft selections.

"By letting agents know ahead of time that they would be rostering the player at No. 49, the Cavaliers orchestrated a drop for Proctor in what ended up being a value selection (he was the No. 36 player on my board)."

Proctor, who played three seasons with the Duke Blue Devils and was a teammate of No1 pick Cooper Flagg, will play alongside superstar Donovan Mitchell and former Chicago Bulls guard Lonzo Ball, traded for Isaac Okoro on June 29, 2025.

Cleveland finished the 2024-25 regular season with the best record in the Eastern Conference at 64-18 but we bundled out in the second round by the NBA Finals-bound Indiana Pacers.